Market revenue in 2023 | USD 104,564.0 million |
Market revenue in 2030 | USD 147,555.0 million |
Growth rate | 5% (CAGR from 2023 to 2030) |
Largest segment | Aluminum |
Fastest growing segment | Steel |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Steel, Copper, Aluminum, Other Metals |
Key market players worldwide | European Metal Recycling, Commercial Metals Co, GFG Alliance, Norsk Hydro ASA, Schnitzer Steel Industries, Novelis, Tata Steel Ltd GDR - 144A |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to metal recycling market will help companies and investors design strategic landscapes.
Aluminum was the largest segment with a revenue share of 65.43% in 2023. Horizon Databook has segmented the Japan metal recycling market based on steel, copper, aluminum, other metals covering the revenue growth of each sub-segment from 2018 to 2030.
According to the World Steel Association, rude steel production in the country declined by 2.5% in 2023, compared with that of 2022 to reach 87 million tons. It was mainly due to the weakening of steel demand from the construction and manufacturing sectors. This resulted in a declining demand for metal recycling for use in the steel industry.
However, since the country is a pure-play secondary aluminum producer, the increased adoption of EVs in the country spurred the demand for recycled aluminum from the automotive industry. Favorable government policies to promote EV adoption are expected to propel the demand for metal recycling in Japan over the forecast period.
The government of the country has sanctioned JPY 140.00 billion (~USD 0.94 billion) to support the adoption of electric-powered vehicles such as Battery Electric Vehicles (BEVs) and provide charging facilities for businesses as a part of the Green Transformation (GX) budget proposal for the FY 2024 in Japan.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan metal recycling market , including forecasts for subscribers. This country databook contains high-level insights into Japan metal recycling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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