Japan Recycled Metal Market Size & Outlook, 2023-2030
Japan Recycled Metal Market, 2018-2030 (US$M)
Global Market
Related Markets
Japan recycled metal market highlights
- The Japan recycled metal market generated a revenue of USD 17.4 million in 2023 and is expected to reach USD 21.6 million by 2030.
- The Japan market is expected to grow at a CAGR of 3.2% from 2024 to 2030.
- In terms of segment, steel was the largest revenue generating material in 2023.
- Copper is the most lucrative material segment registering the fastest growth during the forecast period.
Recycled metal market data book summary
| Market revenue in 2023 | USD 17.4 million |
| Market revenue in 2030 | USD 21.6 million |
| Growth rate | 3.2% (CAGR from 2023 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Copper |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steel, Aluminum, Copper |
| Key market players worldwide | Commercial Metals Co, Norsk Hydro ASA, Tata Steel Ltd GDR - 144A, European Metal Recycling, GFG Alliance, Novelis |
Other key industry trends
- In terms of revenue, Japan accounted for 4.8% of the global recycled metal market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China recycled metal market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 197.0 million by 2030.
The Organization for Economic Cooperation and Development (OECD) in 2022 reported that plastic waste generated per person in Japan and South Korea was 69 kilograms per person per annum. Hence, to reduce the accumulation of plastics in oceans, beverage manufacturers in Japan have decided to replace plastic bottles with aluminum cans as a counteractive measure in the fight against marine plastic pollution in the country.
In December 2022, ABC, Artemira Co., Ltd., and MA Aluminum Corporation collaborated to manufacture three packaging alternatives entirely from recycled aluminum. The use of recycled aluminum to replace the existing plastic bottles in Japan is expected to generate increased old aluminum scrap.
Hence, the shift from plastic bottles to aluminum cans is driving scrap generation in the country. Moreover, metal recycling companies are investing in new aluminum recycling ventures. In November 2023, a joint investment venture, namely Toyotsu Sotec was announced by Toyotsu Materials (a subsidiary of Toyota Tsusho Corporation) and non-ferrous scrap company, Sanko Saitama.
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Recycled Metal Market Scope
Recycled Metal Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Commercial Metals Co | View profile | 13,022 | 6565 North MacArthur Boulevard, Irving, TX, United States, 75039 | www.cmc.com |
| Norsk Hydro ASA | View profile | 32,724 | Drammensveien 264, Oslo, Norway, NO-0283 | www.hydro.com |
| Tata Steel Ltd GDR - 144A | View profile | 73,496 | 24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, India, 400 001 | www.tatasteel.com |
| Novelis | View profile | 10001+ | Atlanta, Georgia, United States, North America | novelis.com |
| European Metal Recycling | View profile | 1001-5000 | Warrington, Warrington, United Kingdom, Europe | www.emrgroup.com/ |
| GFG Alliance | View profile | 10001+ | London, England, United Kingdom, Europe | www.gfgalliance.com |
Japan Recycled Metal 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 Recycled Metal Market Outlook will help companies and investors design strategic landscapes.
Steel was the largest segment with a revenue share of 59.2% in 2023.
Horizon Databook has segmented the Japan recycled metal market based on steel, aluminum, copper covering the revenue growth of each sub-segment from 2018 to 2030.
The Organization for Economic Cooperation and Development (OECD) in 2022 reported that plastic waste generated per person in Japan and South Korea was 69 kilograms per person per annum. Hence, to reduce the accumulation of plastics in oceans, beverage manufacturers in Japan have decided to replace plastic bottles with aluminum cans as a counteractive measure in the fight against marine plastic pollution in the country.
In December 2022, ABC, Artemira Co., Ltd., and MA Aluminum Corporation collaborated to manufacture three packaging alternatives entirely from recycled aluminum. The use of recycled aluminum to replace the existing plastic bottles in Japan is expected to generate increased old aluminum scrap.
Hence, the shift from plastic bottles to aluminum cans is driving scrap generation in the country. Moreover, metal recycling companies are investing in new aluminum recycling ventures. In November 2023, a joint investment venture, namely Toyotsu Sotec was announced by Toyotsu Materials (a subsidiary of Toyota Tsusho Corporation) and non-ferrous scrap company, Sanko Saitama.
- Japan Recycled Metal Market Material Outlook (Revenue, USD MIllion , 2018-2030)
- Steel
- Aluminum
- Copper
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan Recycled Metal Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Japan Recycled Metal Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Japan Recycled Metal Market, 2018-2030 (US$M)
Japan recycled metal market statistics, by material, 2018-2030 (US$M)
