Japan Copper Scrap Market Size & Outlook, 2023-2030
Japan copper scrap market, 2018-2030 (US$M)
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Japan copper scrap market highlights
- The Japan copper scrap market generated a revenue of USD 4,226.0 million in 2023 and is expected to reach USD 7,055.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 7.6% from 2024 to 2030.
- In terms of segment, brass mills was the largest revenue generating application in 2023.
- Ingot Makers is the most lucrative application segment registering the fastest growth during the forecast period.
Copper scrap market data book summary
| Market revenue in 2023 | USD 4,226.0 million |
| Market revenue in 2030 | USD 7,055.8 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Brass mills |
| Fastest growing segment | Ingot Makers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wire Rod Mills, Brass Mills, Ingot Makers, Foundries & Other Industries |
| Key market players worldwide | Aurubis AG, Commercial Metals Co, Glencore PLC, OmniSource Corporation, Ames Copper Group, Jain Metal Group |
Other key industry trends
- In terms of revenue, Japan accounted for 6.5% of the global copper scrap market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China copper scrap 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 1,673.2 million by 2030.
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Copper Scrap Market Scope
Copper Scrap Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan copper scrap 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 copper scrap market will help companies and investors design strategic landscapes.
Brass mills was the largest segment with a revenue share of 65.65% in 2023. Horizon Databook has segmented the Japan copper scrap market based on wire rod mills, brass mills, ingot makers, foundries & other industries covering the revenue growth of each sub-segment from 2018 to 2030.
As per the IMF, the GDP of Japan is expected to have grown at 2.0% in 2023. The demand for copper scrap in Japan is driven by its use in electronics, automotive, renewable energy, and robotics sectors, among others. Favorable government policies toward EV adoption are expected to propel the demand for copper scrap over the forecast period.
The government has set aside around JPY 140 billion (~USD 0.94 billion) to aid the adoption of electric-powered vehicles like BEVs and provide charging facilities for businesses as part of the Green Transformation (GX) budget proposal for the FY 2024 budget.
In Japan, mini BEVs like the Nissan Sakura are selling better than larger SUV models. In 2022, copper scrap exports from Japan reduced by 22% compared to the previous year (313,974 tons). China accounted for 75% of the total exports in 2022. This is a significant increase in proportion from just under 60% in 2021.
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Our clientele includes a mix of copper scrap 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 copper scrap market , including forecasts for subscribers. This country databook contains high-level insights into Japan copper scrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan copper scrap market size, by application, 2018-2030 (US$M)
Japan Copper Scrap Market Outlook Share, 2023 & 2030 (US$M)
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