Green Steel Market, By Process Type (Electric Arc Furnace, Basic Oxygen Furnace, and Direct Reduced Iron), By End-Use Industry, By Geography

Description

The global green steel market is estimated to be valued at USD 4.33 Bn in 2024 and is expected to reach USD 117.13 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 60.2% from 2024 to 2031.

Figure 1. Green Steel Market Share (%), By Region, 2024

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

Product Code: CMI7063

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
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