Japan Metal Recycling Market Size & Outlook, 2023-2030

The metal recycling market in Japan is expected to reach a projected revenue of US$ 147,555.0 million by 2030. A compound annual growth rate of 5% is expected of Japan metal recycling market from 2024 to 2030.
Revenue, 2023 (US$M)
$104,564.0
Forecast, 2030 (US$M)
$147,555.0
CAGR, 2024 - 2030
5%
Report Coverage
Japan

Japan metal recycling market highlights

  • The Japan metal recycling market generated a revenue of USD 104,564.0 million in 2023 and is expected to reach USD 147,555.0 million by 2030.
  • The Japan market is expected to grow at a CAGR of 5% from 2024 to 2030.
  • In terms of segment, aluminum was the largest revenue generating metal in 2023.
  • Steel is the most lucrative metal segment registering the fastest growth during the forecast period.


Metal recycling market data book summary

Market revenue in 2023USD 104,564.0 million
Market revenue in 2030USD 147,555.0 million
Growth rate5% (CAGR from 2023 to 2030)
Largest segmentAluminum
Fastest growing segmentSteel
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSteel, Copper, Aluminum, Other Metals
Key market players worldwideEuropean Metal Recycling, Commercial Metals Co, GFG Alliance, Norsk Hydro ASA, Schnitzer Steel Industries, Novelis, Tata Steel Ltd GDR - 144A


Other key industry trends

  • In terms of revenue, Japan accounted for 12.3% of the global metal recycling market in 2023.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China metal recycling market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 21,384.0 million by 2030.

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Metal Recycling Market Companies

Name Profile # Employees HQ Website

Japan metal recycling market outlook

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.

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  • Our clientele includes a mix of metal recycling market companies, investment firms, advisory firms & academic institutions.
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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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Japan metal recycling market size, by metal, 2018-2030 (US$M)

Japan Metal Recycling Market Outlook Share, 2023 & 2030 (US$M)

Japan metal recycling market size, by metal, 2018-2030 (US$M)

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