Japan Carbon Steel Market Size & Outlook, 2023-2030
Japan carbon steel market, 2018-2030 (US$M)
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Japan carbon steel market highlights
- The Japan carbon steel market generated a revenue of USD 34,569.7 million in 2023 and is expected to reach USD 47,573.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
- In terms of segment, low carbon steel was the largest revenue generating type in 2023.
- Low Carbon Steel is the most lucrative type segment registering the fastest growth during the forecast period.
Carbon steel market data book summary
| Market revenue in 2023 | USD 34,569.7 million |
| Market revenue in 2030 | USD 47,573.0 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Low carbon steel |
| Fastest growing segment | Low Carbon Steel |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Carbon Steel, Medium Carbon Steel, High Carbon Steel |
| Key market players worldwide | Cleveland-Cliffs Inc, ArcelorMittal SA Depository Receipt, BAOSTEEL, HBIS, JFE Holdings Inc, Nippon Steel Corp, POSCO Holdings Inc ADR, United States Steel Corp |
Other key industry trends
- In terms of revenue, Japan accounted for 3.5% of the global carbon steel market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China carbon steel 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 81,101.5 million by 2030.
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Carbon Steel Market Scope
Carbon Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan carbon steel 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 carbon steel market will help companies and investors design strategic landscapes.
Low carbon steel was the largest segment with a revenue share of 91.54% in 2023. Horizon Databook has segmented the Japan carbon steel market based on low carbon steel, medium carbon steel, high carbon steel covering the revenue growth of each sub-segment from 2018 to 2030.
Auto sector is one of the key contributors in the carbon steel industry of Japan. The overall production of vehicles in Japan was increased by 0.4% from 2017 to 2018, as per OICA. In March 2019, Toyota Motor Corp. signed an agreement with Subaru Corp. to jointly develop a new electric car, which is expected to be on road by 2021. The growing production of electric vehicles is expected to boost the demand for carbon steel over the forecast period.
Construction industry in Japan is majorly driven by the private sector, especially with an emphasis on the construction of facilities to support the upcoming sporting event, 2020 Summer Olympics, in Tokyo. The government has implemented several measures to foster private investments for reconstruction & maintenance of public infrastructure.
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Our clientele includes a mix of carbon steel market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan carbon steel market , including forecasts for subscribers. This country databook contains high-level insights into Japan carbon steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan carbon steel market size, by type, 2018-2030 (US$M)
Japan Carbon Steel Market Outlook Share, 2023 & 2030 (US$M)
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