Green Steel Market, By Process Type (Electric Arc Furnace (EAF), Basic Oxygen Furnace (BOF), and Direct Reduced Iron), By End-Use Industry (Construction, Automotive, Machinery, and Others), By Geography (North America, Latin America, Asia Pacific, Europe,
Green Steel Market, By Process Type (Electric Arc Furnace (EAF), Basic Oxygen Furnace (BOF), and Direct Reduced Iron), By End-Use Industry (Construction, Automotive, Machinery, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
Green steel is steel produced using innovative lower carbon production methods. As concerns over climate change intensify globally, steel manufacturers are under increasing pressure to reduce greenhouse gas emissions arising from traditional coal-based steelmaking processes. The production of green steel relies on clean technologies like hydrogen reduction or electric arc furnaces combined with carbon capture utilization and storage to purify hot metal. This helps minimize carbon footprint and make steel production more environmentally sustainable. With many countries announcing bold net-zero emission targets for mid-century, the green steel market is expected to grow significantly to help various industries transition to low-carbon economy.
Market Dynamics:
The global green steel market is driven by stringent environmental regulations regarding carbon emissions from heavy industries. Rising focus on sustainability across supply chains, and growing investments in clean hydrogen and renewable energy infrastructure critical for green steel production methods. However, high costs of setting up greenfield plants based completely on clean technologies and lack of infrastructure for supply of clean fuels present challenges. On the positive side, tangible opportunities exist in replacing aging steel assets with modern efficient systems, improving scrap metal recycling rates, and expanding carbon capture technologies to decarbonize the industry. With supportive government policies and innovative business models, the market is likely to witness extensive adoption of green manufacturing practices going forward.
Key Features of the Study:
This report provides in-depth analysis of the global green steel market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global green steel market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Ansteel Group , ArcelorMittal , Boston Metal , China Baowu Group , Cleveland-Cliffs , H2 Green Steel , Nippon Steel Corporation , Nucor Corporation , Steel Dynamics, Inc. , United States Steel Corporation , Jindal Stainless Limited, and Swiss Steel Group
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global green steel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global green steel market
Detailed Segmentation-
By Process Type:
Electric Arc Furnace (EAF)
Basic Oxygen Furnace (BOF)
Direct Reduced Iron (DRI)
By End-Use Industry:
Construction
Automotive
Machinery
Others (Shipbuilding, Appliances, etc.)
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
Ansteel Group
ArcelorMittal
Boston Metal
China Baowu Group
Cleveland-Cliffs
H2 Green Steel
Nippon Steel Corporation
Nucor Corporation
Steel Dynamics, Inc.
United States Steel Corporation
Jindal Stainless Limited
Swiss Steel Group
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Process Type
Market Snippet, By End-Use Industry
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER’s Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions
4. Global Green Steel Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting the Global Green Steel Market
Impact Analysis
5. Global Green Steel Market, By Process Type, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Electric Arc Furnace (EAF)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Basic Oxygen Furnace (BOF)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Direct Reduced Iron (DRI)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
6. Global Green Steel Market, By End-Use Industry, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Construction
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Automotive
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Machinery
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Others (Shipbuilding, Appliances, etc.)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
7. Global Green Steel Market, By Region, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020-2031
North America
Introduction
Market Size and Forecast, By Process Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By End-Use Industry, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Process Type, 2019 – 2031, (US$ Bn))
Market Size and Forecast, By End-Use Industry, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Process Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By End-Use Industry, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Process Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By End-Use Industry, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
Introduction
Market Size and Forecast, By Process Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By End-Use Industry, 2019 - 2031 (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
GCC Countries
Israel
Rest of Middle East & Africa
8. Competitive Landscape
Market Share Analysis
Company Profiles
Ansteel Group
Company Overview
Product Portfolio
Recent Developments/Updates
ArcelorMittal
Company Overview
Product Portfolio
Recent Developments/Updates
Boston Metal
Company Overview
Product Portfolio
Recent Developments/Updates
China Baowu Group
Company Overview
Product Portfolio
Recent Developments/Updates
Cleveland-Cliffs
Company Overview
Product Portfolio
Recent Developments/Updates
H2 Green Steel
Company Overview
Product Portfolio
Recent Developments/Updates
Nippon Steel Corporation
Company Overview
Product Portfolio
Recent Developments/Updates
Nucor Corporation
Company Overview
Product Portfolio
Recent Developments/Updates
Steel Dynamics, Inc.
Company Overview
Product Portfolio
Recent Developments/Updates
United States Steel Corporation
Company Overview
Product Portfolio
Recent Developments/Updates
Jindal Stainless Limited
Company Overview
Product Portfolio
Recent Developments/Updates
Swiss Steel Group
Company Overview
Product Portfolio
Recent Developments/Updates
9. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
10. Section
References
Research Methodology
About Us and Sales Contact
* Browse 25 market data tables* and 20 figures* on “Global Green Steel Market” - Global forecast to 2031.