Japan Direct Reduced Iron Market Size & Outlook, 2024-2030

The direct reduced iron market in Japan is expected to reach a projected revenue of US$ 778.9 million by 2030. A compound annual growth rate of 8.2% is expected of Japan direct reduced iron market from 2025 to 2030.
Revenue, 2024 (US$M)
$508.4
Forecast, 2030 (US$M)
$778.9
CAGR, 2025 - 2030
8.2%
Report Coverage
Japan

Japan direct reduced iron market highlights

  • The Japan direct reduced iron market generated a revenue of USD 508.4 million in 2024 and is expected to reach USD 778.9 million by 2030.
  • The Japan market is expected to grow at a CAGR of 8.2% from 2025 to 2030.
  • In terms of segment, steelmaking was the largest revenue generating end use in 2024.
  • Steelmaking is the most lucrative end use segment registering the fastest growth during the forecast period.


Direct reduced iron market data book summary

Market revenue in 2024USD 508.4 million
Market revenue in 2030USD 778.9 million
Growth rate8.2% (CAGR from 2025 to 2030)
Largest segmentSteelmaking
Fastest growing segmentSteelmaking
Historical data2018 - 2023
Base year2024
Forecast period2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSteelmaking


Other key industry trends

  • In terms of revenue, Japan accounted for 1.1% of the global direct reduced iron market in 2024.
  • Country-wise, India is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, India direct reduced iron 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 17,855.3 million by 2030.

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Direct Reduced Iron Market Companies

Name Profile # Employees HQ Website

Japan direct reduced iron 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 direct reduced iron market will help companies and investors design strategic landscapes.


Steelmaking was the largest segment with a revenue share of 84.78% in 2024. Horizon Databook has segmented the Japan direct reduced iron market based on steelmaking covering the revenue growth of each sub-segment from 2018 to 2030.


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  • Our clientele includes a mix of direct reduced iron 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 direct reduced iron market , including forecasts for subscribers. This country databook contains high-level insights into Japan direct reduced iron market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Japan direct reduced iron market size, by end use, 2018-2030 (US$M)

Japan Direct Reduced Iron Market Outlook Share, 2024 & 2030 (US$M)

Japan direct reduced iron market size, by end use, 2018-2030 (US$M)

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