Industry: Materials and Chemical | Publish Date: 01-Oct-2024 | No of Pages: 142 | No. of Tables: 78 | No. of Figures: 43 | Format: PDF | Report Code : MC1356
Japan Aluminium Market size was valued at USD 8.90 billion in 2023, and is predicted to reach USD 12.44 billion by 2030, at a CAGR of 4.9% from 2024 to 2030. The aluminum market includes the industry involved in the production, distribution, and use of aluminum, a lightweight, silvery-white metal. Aluminum constitutes about 8% of the Earth's crust and is known for its low density, high strength, and natural corrosion resistance due to an oxide layer. These features make it highly useful in sectors such as aerospace, automotive, construction, packaging, and electronics. Its low weight is especially beneficial for improving efficiency in transportation. The production process involves extracting aluminum from bauxite ore using the Bayer process and electrolysis. Advances in technology and recycling have improved the environmental sustainability of production, supporting industry growth.
The increasing popularity of packaged food in Japan is significantly driving the growth of the aluminum market in the country. As consumer preferences shift and lifestyles become busier, there is a growing reliance on packaged food products. Aluminum is essential in the packaging industry due to its durability, lightweight nature, and ability to preserve food freshness and quality. The rise in packaged food sales, including canned beverages, ready-to-eat meals, and snacks, is leading to higher in Japan aluminium market demand for aluminum packaging.
Japan's well-established electronics sector, known for producing a diverse range of electronic devices and appliances, is a significant driver of aluminum demand. In 2022, the production value of Japan's electronics industry increased by 0.2% from the previous year, reaching nearly USD 83,411 million. Aluminum is essential in electronics manufacturing due to its excellent thermal and electrical conductivity, along with its lightweight properties. It is utilized in various applications, such as casings, heat sinks, connectors, and circuit boards, highlighting the metal's crucial role in the industry.
The aluminium industry faces challenges from environmental regulations and sustainability requirements, including emissions control, waste management, and energy efficiency targets, that leads to higher operational costs for some producers. Compliance with strict emissions standards, waste management rules, and energy consumption goals often necessitates substantial investments and efforts to reduce the environmental impact of aluminium production. These sustainability measures are designed to minimize emissions, ensure responsible waste management, and promote energy efficiency. Although these regulations are essential for fostering a greener and more sustainable industry, they also contribute to the overall costs and complexities of aluminium production.
The growing focus on sustainable packaging is expected to provide significant growth for the Japan aluminium market opportunities in the future. Aluminium is ideal for packaging applications such as cans, bottles, and foils due to its recyclability and ability to preserve product quality and freshness. Eco-conscious consumers and brands looking to reduce their environmental impact increasingly choose aluminium as a preferred packaging material. By selecting aluminium, they help reduce waste and support sustainability, aligning with their commitment to a greener future. This rising demand for sustainable packaging solutions is a key driver in the Japan Aluminium market growth.
Several key players operating in the Japan aluminium industry include United Company RUSAL Plc., Rio Tinto, Norsk Hydro ASA, Aluminum Corporation of China Limited (CHALCO), UACJ Corporation, Nippon Light Metal Holdings Co., Ltd., Mitsubishi Aluminum Co., Ltd., Daiki Aluminium Industry Co., Ltd., Kobe Steel, Ltd., Marubeni Corporation, and others.
Flat-Rolled
Castings
Extrusions
Forgings
Powder & Paste
Other Types
Primary
Secondary
Transport
Consumer Goods
Machinery & Equipment
Construction
Foil & Packaging
Electrical Engineering
Others
United Company RUSAL Plc.
Rio Tinto
Norsk Hydro ASA
Aluminum Corporation of China Limited (CHALCO)
UACJ Corporation
Nippon Light Metal Holdings Co., Ltd.
Mitsubishi Aluminum Co., Ltd.
Daiki Aluminium Industry Co., Ltd.
Kobe Steel, Ltd.
Marubeni Corporation
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 8.90 Billion |
Revenue Forecast in 2030 |
USD 12.44 Billion |
Growth Rate |
CAGR of 4.9% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Billion (USD) |
Growth Factors |
|
Companies Profiled |
10 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |