Green Steel Market

Global Green Steel Market Size, Trends & Analysis - Forecasts to 2029 By Production Technology (Renewable–Electric Arc Furnace, Hydrogen Direct Reduced Iron–Electric Arc Furnace, and Molten Oxide Electrolysis (MOE)), By Application (Building & Construction, Automotive, Renewable Energy Infrastructure, Home Appliances, and Others), and By Region (North America, Asia Pacific, Central & South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Category Energy & Power
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This report was recently updated on April 23 2024 with the latest and most recent market numbers

Global Green Steel Market Size

The global green steel market is expected to grow at a CAGR of 67.3% from 2024 to 2029. Green steel refers to environmentally friendly methods of producing steel that aim to reduce carbon emissions. These methods include using electric arc furnaces powered by renewable energy, recycling scrap steel, and implementing carbon capture and storage technologies. The goal is to minimize the environmental impact of steel production while maintaining efficiency and quality.

The growth of the global green steel market is attributed to the increasing awareness of environmental issues and regulations promoting sustainable practices. The rising awareness of environmental concerns, such as climate change and pollution, has spurred governments worldwide to implement regulations favoring sustainable practices in industries like steel production. This shift towards greener manufacturing methods has increased investment and innovation in the green steel market to meet these stringent requirements. Also, the growing demand for eco-friendly products is driving companies to adopt greener steel production methods to meet consumer preferences and regulatory requirements.

One of the restraints the green steel market faces is the high initial investment required for transitioning to eco-friendly production methods, such as implementing renewable energy-powered electric arc furnaces. This financial barrier may deter some steel manufacturers from adopting sustainable practices.

global green steel market

Global Green Steel Market: By Production Technology

Based on production technology, the market is segmented into renewable–electric arc furnace, hydrogen direct reduced iron–electric arc furnace, and molten oxide electrolysis (MOE). The renewable–electric arc furnace segment is expected to dominate the market in the forecast period. This method utilizes renewable energy sources to power electric arc furnaces for steel production, reducing carbon emissions compared to conventional methods. It reflects the industry's commitment to sustainability by harnessing clean energy sources to drive the manufacturing process and minimize environmental impact.

The hydrogen direct reduced iron–electric arc furnace segment is projected to grow fastest during the forecast period. This growth is fuelled by advancements in hydrogen-based steelmaking technologies and the industry's drive toward decarbonization. Companies are increasingly adopting this method as it offers a more environmentally friendly alternative, aligning with sustainability goals and regulatory requirements, thus driving its rapid expansion within the market.

Global Green Steel Market: By Application

Based on application, the market is segmented into building & construction, automotive, renewable energy infrastructure, home appliances, and others. The building & construction segment is expected to dominate the market in the forecast period. The growth is attributed to the substantial demand for steel in infrastructure projects globally. This includes the construction of residential, commercial, and industrial buildings, as well as infrastructure projects like bridges and roads. Green steel meets the sector's need for durable and sustainable materials, driving its widespread adoption in construction applications.

The renewable energy infrastructure segment is projected to grow fastest during the forecast period. This sector demands steel components for infrastructure projects like wind and solar farms. As governments and businesses invest heavily in renewable energy, the need for sustainable steel to support these projects drives the exponential growth of this segment within the market.

asia pacific green steel market

Global Green Steel Market: By Region

North America is analyzed to be the largest region in the global green steel market during the forecast period. Stringent environmental regulations and increasing consumer demand for sustainable products drive the growth. Companies in the region are investing in technologies like electric arc furnaces powered by renewable energy and implementing carbon capture solutions to reduce emissions.

Asia Pacific is analyzed to be the fastest-growing region in the global green steel market during the forecast period. The growth is driven by increasing environmental awareness and stringent regulations. Countries like China and India are key contributors to green steel due to their large steel industries and rising demand for sustainable products. Investments in renewable energy infrastructure and technological advancements are driving the adoption of greener steel production methods in the region.

Global Green Steel Market Share and Competitor Analysis

Green Steel Group Inc., U.S. Steel Corporation, Nucor Corporation (Nucor Tubular Products), Emirates Steel Arkan, H2 Green Steel, JFE Steel Corporation, NIPPON STEEL CORPORATION, POSCO International, Arcelor Mittal, Jindal Steel & Power Ltd., Ansteel Group, Boston Metal, China Baowu Group, SSAB, Cleveland-Cliffs, Steel Dynamics, Inc., SALZGITTER AG, and Tata Steel, are some of the market players operating in the global market.

Please note: This is not an exhaustive list of companies profiled in the report.

Recent Developments

In August 2022, Tata Steel announced that in partnership with the Punjab Government, the company will set up a scrap-based electric furnace arc furnace plant in Ludhiana, India.

In October 2022, H2 Green Steel partnered with Midrex Technologies (Midrex), a wholly owned subsidiary of Kobe Steel, for the world's first commercial 100% hydrogen direct reduced iron plant. Kobe Steel partners with H2 Green Steel for equity investment.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1       Strategic Opportunity & Attractiveness Analysis

1.1.1   Hot Revenue Pockets

1.1.2   Market Attractiveness Score

1.1.3   Revenue Impacting Opportunity

1.1.4   High Growing Region/Country

1.1.5   Competitor Analysis

1.1.6   Consumer Analysis

1.2       Global Market Estimates' View

1.3       Strategic Insights across Business Functions

1.3.1   For Chief Executive Officers

1.3.2   For Chief Marketing Officers

1.3.3   For Chief Strategy Officers

1.4       Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1       Technological Adoption Rate

2.2       Current Trend Impact Analysis

2.3       Future Trend Impact Analysis

3          GLOBAL MARKET OUTLOOK

3.1       Market Pyramid Analysis

3.1.1   Introduction

3.1.2   Adjacent Market Opportunities

3.1.3   Ancillary Market Opportunities

3.2       Demand Side Analysis

3.2.1   Market Drivers: Impact Analysis

3.2.2   Market Restraints: Impact Analysis

3.2.3   Market Opportunities: Impact Analysis

3.2.4   Market Challenges: Impact Analysis

3.3       Supply Side Analysis

3.3.1   Porter’s Five Forces Analysis

3.3.1.1            Threat of New Entrants

3.3.1.2            Threat of New Substitutes

3.3.1.3            Bargaining Power of Suppliers

3.3.1.4            Bargaining Power of Buyers

3.3.1.5            Intensity of Competitive Rivalry

3.3.2   SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1            Political Landscape

3.3.2.2            Economic Landscape

3.3.2.3            Social Landscape

3.3.2.4            Technology Landscape

3.3.3   Value Chain Analysis

3.3.4   Trend Analysis

3.3.5   Gap Analysis

3.3.6   Cost Analysis

4          GLOBAL GREEN STEEL MARKET, BY PRODUCTION TECHNOLOGY

4.1       Introduction

4.2       Green Steel Market: Production Technology Industries Scope Key Takeaways

4.3       Revenue Growth Analysis, 2023 & 2029

4.4       Renewable-Electric Arc Furnace

4.4.1   Renewable-Electric Arc Furnace Market Estimates and Forecast, 2021-2029 (USD Million)

4.5       Hydrogen Direct Reduced Iron-Electric Arc Furnace

4.5.1   Hydrogen Direct Reduced Iron-Electric Arc Furnace Market Estimates and Forecast, 2021-2029 (USD Million)

4.6       Molten Oxide Electrolysis (MOE)

4.6.1   Molten Oxide Electrolysis (MOE) Market Estimates and Forecast, 2021-2029 (USD Million)

5          GLOBAL GREEN STEEL MARKET, BY APPLICATION

5.1       Introduction

5.2       Green Steel Market: Application Scope Key Takeaways

5.3       Revenue Growth Analysis, 2023 & 2029

5.4       Building & Construction

5.4.1   Building & Construction Market Estimates and Forecast, 2021-2029 (USD Million)

5.5       Automotive

5.5.1   Automotive Market Estimates and Forecast, 2021-2029 (USD Million)

5.6       Renewable Energy Infrastructure

5.6.1   Renewable Energy Infrastructure Market Estimates and Forecast, 2021-2029 (USD Million)

5.7       Home Appliances

5.7.1   Home Appliances Market Estimates and Forecast, 2021-2029 (USD Million)

5.8       Others

5.8.1   Others Market Estimates and Forecast, 2021-2029 (USD Million)

6          GLOBAL GREEN STEEL MARKET, BY REGION

6.1       Introduction

6.2       North America Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.1   By Production Technology

6.2.2   By Application

6.2.3   By Country

6.2.3.1            U.S. Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.1.1         By Production Technology

6.2.3.1.2         By Application

6.2.3.2            Canada Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.2.1         By Production Technology

6.2.3.2.2         By Application

6.2.3.3            Mexico Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.3.1         By Production Technology

6.2.3.3.2         By Application

6.3       Europe Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.1   By Production Technology

6.3.2   By Application

6.3.3   By Country

6.3.3.1            Germany Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.1.1         By Production Technology

6.3.3.1.2         By Application

6.3.3.2            U.K. Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.2.1         By Production Technology

6.3.3.2.2         By Application

6.3.3.3            France Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.3.1         By Production Technology

6.3.3.3.2         By Application

6.3.3.4            Italy Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.4.1         By Production Technology

6.3.3.4.2         By Application

6.3.3.5            Spain Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.5.1         By Production Technology

6.3.3.5.2         By Application

6.3.3.6            Netherlands Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.6.1         By Production Technology

6.3.3.6.2         By Application

6.3.3.7            Rest of Europe Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.6.1         By Production Technology

6.3.3.6.2         By Application

6.4       Asia Pacific Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.1   By Production Technology

6.4.2   By Application

6.4.3   By Country

6.4.3.1            China Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.1.1         By Production Technology

6.4.3.1.2         By Application

6.4.3.2            Japan Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.2.1         By Production Technology

6.4.3.2.2         By Application

6.4.3.3            India Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.3.1         By Production Technology

6.4.3.3.2         By Application

6.4.3.4            South Korea Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.4.1         By Production Technology

6.4.3.4.2         By Application

6.4.3.5            Singapore Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.5.1         By Production Technology

6.4.3.5.2         By Application

6.4.3.6            Malaysia Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.6.1         By Production Technology

6.4.3.6.2         By Application

6.4.3.7            Thailand Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.6.1         By Production Technology

6.4.3.6.2         By Application

6.4.3.8            Indonesia Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.7.1         By Production Technology

6.4.3.7.2         By Application

6.4.3.9            Vietnam Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.8.1         By Production Technology

6.4.3.8.2         By Application

6.4.3.10          Taiwan Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.10.1 By Production Technology

6.4.3.10.2 By Application

6.4.3.11          Rest of Asia Pacific Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.11.1 By Production Technology

6.4.3.11.2 By Application

6.5       Middle East and Africa Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.1   By Production Technology

6.5.2   By Application

6.5.3   By Country

6.5.3.1            Saudi Arabia Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.1.1         By Production Technology

6.5.3.1.2         By Application

6.5.3.2            U.A.E. Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.2.1         By Production Technology

6.5.3.2.2         By Application

6.5.3.3            Israel Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.3.1         By Production Technology

6.5.3.3.2         By Application

6.5.3.4            South Africa Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.4.1         By Production Technology

6.5.3.4.2         By Application

6.5.3.5            Rest of Middle East and Africa Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.5.1         By Production Technology

6.5.3.5.2         By Application

6.6       Central and South America Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.1   By Production Technology

6.6.2   By Application

6.6.3   By Country

6.6.3.1            Brazil Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.1.1         By Production Technology

6.6.3.1.2         By Application

6.6.3.2            Argentina Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.2.1         By Production Technology

6.6.3.2.2         By Application

6.6.3.3            Chile Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.3.1         By Production Technology

6.6.3.3.2         By Application

6.6.3.3            Rest of Central and South America Green Steel Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.3.1         By Production Technology

6.6.3.3.2         By Application

7          COMPETITIVE LANDCAPE

7.1       Company Market Share Analysis

7.2       Four Quadrant Positioning Matrix

7.2.1   Market Leaders

7.2.2   Market Visionaries

7.2.3   Market Challengers

7.2.4   Niche Market Players

7.3       Vendor Landscape

7.3.1   North America

7.3.2   Europe

7.3.3   Asia Pacific

7.3.4   Rest of the World

7.4       Company Profiles  

7.4.1   GREEN STEEL GROUP INC.

7.4.1.1            Business Description & Financial Analysis

7.4.1.2            SWOT Analysis

7.4.1.3            Products & Services Offered

7.4.1.4            Strategic Alliances between Business Partners

7.4.2   U.S. Steel Corporation

7.4.2.1            Business Description & Financial Analysis

7.4.2.2            SWOT Analysis

7.4.2.3            Products & Services Offered

7.4.2.4            Strategic Alliances between Business Partners

7.4.3   Voestalpine

7.4.3.1            Business Description & Financial Analysis

7.4.3.2            SWOT Analysis

7.4.3.3            Products & Services Offered

7.4.3.4            Strategic Alliances between Business Partners

7.4.4   Nucor Corporation (Nucor Tubular Products)  

7.4.4.1            Business Description & Financial Analysis

7.4.4.2            SWOT Analysis

7.4.4.3            Products & Services Offered

7.4.4.4            Strategic Alliances between Business Partners

7.4.5   Emirates Steel Arkan

7.4.5.1            Business Description & Financial Analysis

7.4.5.2            SWOT Analysis

7.4.5.3            Products & Services Offered

7.4.5.4            Strategic Alliances between Business Partners

7.4.6   H2 GREEN STEEL

7.4.6.1            Business Description & Financial Analysis

7.4.6.2            SWOT Analysis

7.4.6.3            Products & Services Offered

7.4.6.4            Strategic Alliances between Business Partners

7.4.7   JFE Steel Corporation  

7.4.7.1            Business Description & Financial Analysis

7.4.7.2            SWOT Analysis

7.4.7.3            Products & Services Offered

7.4.7.4            Strategic Alliances between Business Partners

7.4.8   NIPPON STEEL CORPORATION

7.4.8.1            Business Description & Financial Analysis

7.4.8.2            SWOT Analysis

7.4.8.3            Products & Services Offered

7.4.8.4            Strategic Alliances between Business Partners

7.4.9   POSCO International

7.4.9.1            Business Description & Financial Analysis

7.4.9.2            SWOT Analysis

7.4.9.3            Products & Services Offered

7.4.9.4            Strategic Alliances between Business Partners

7.4.10 Arcelor Mittal

7.4.10.1 Business Description & Financial Analysis

7.4.10.2 SWOT Analysis

7.4.10.3 Products & Services Offered

7.4.10.4 Strategic Alliances between Business Partners

7.4.11 SSAB

7.4.11.1 Business Description & Financial Analysis

7.4.11.2 SWOT Analysis

7.4.11.3 Products & Services Offered

7.4.11.4 Strategic Alliances between Business Partners

7.4.12 SALZGITTER AG  

7.4.12.1 Business Description & Financial Analysis

7.4.12.2 SWOT Analysis

7.4.12.3 Products & Services Offered

7.4.12.4 Strategic Alliances between Business Partners

7.4.13 Liberty Steel Group

7.4.13.1 Business Description & Financial Analysis

7.4.13.2 SWOT Analysis

7.4.13.3 Products & Services Offered

7.4.13.4 Strategic Alliances between Business Partners

7.4.14 Tata Steel  

7.4.14.1 Business Description & Financial Analysis

7.4.14.2 SWOT Analysis

7.4.14.3 Products & Services Offered

7.4.14.4 Strategic Alliances between Business Partners

7.4.15 Steel Dynamics, Inc.

7.4.15.1 Business Description & Financial Analysis

7.4.15.2 SWOT Analysis

7.4.15.3 Products & Services Offered

7.4.15.4 Strategic Alliances between Business Partners

7.4.16 Cleveland-Cliffs  

7.4.16.1 Business Description & Financial Analysis

7.4.16.2 SWOT Analysis

7.4.16.3 Products & Services Offered

7.4.16.4 Strategic Alliances between Business Partners

7.4.17 China Baowu Group  

7.4.17.1 Business Description & Financial Analysis

7.4.17.2 SWOT Analysis

7.4.17.3 Products & Services Offered

7.4.17.4 Strategic Alliances between Business Partners

7.4.18 Boston Metal  

7.4.18.1 Business Description & Financial Analysis

7.4.18.2 SWOT Analysis

7.4.18.3 Products & Services Offered

7.4.18.4 Strategic Alliances between Business Partners

7.4.19 Ansteel Group  

7.4.19.1 Business Description & Financial Analysis

7.4.19.2 SWOT Analysis

7.4.19.3 Products & Services Offered

7.4.19.4 Strategic Alliances between Business Partners

7.4.20 Jindal Steel & Power Ltd.

7.4.20.1 Business Description & Financial Analysis

7.4.20.2 SWOT Analysis

7.4.20.3 Products & Services Offered

7.4.20.4 Strategic Alliances between Business Partners

7.4.21 Other Companies

7.4.21.1 Business Description & Financial Analysis

7.4.21.2 SWOT Analysis

7.4.21.3 Products & Services Offered

7.4.21.4 Strategic Alliances between Business Partners

8          RESEARCH METHODOLOGY

8.1       Market Introduction

8.1.1   Market Definition

8.1.2   Market Scope & Segmentation

8.2       Information Procurement

8.2.1   Secondary Research

8.2.1.1            Purchased Databases

8.2.1.2            GMEs Internal Data Repository

8.2.1.3            Secondary Resources & Third Party Perspectives

8.2.1.4            Company Information Sources

8.2.2   Primary Research

8.2.2.1            Various Types of Respondents for Primary Interviews

8.2.2.2            Number of Interviews Conducted throughout the Research Process

8.2.2.3            Primary Stakeholders

8.2.2.4            Discussion Guide for Primary Participants

8.2.3   Expert Panels

8.2.3.1            Expert Panels Across 30+ Industry

8.2.4   Paid Local Experts

8.2.4.1            Paid Local Experts Across 30+ Industry Across each Region

8.3       Market Estimation

8.3.1   Top-Down Approach

8.3.1.1            Macro-Economic Indicators Considered

8.3.1.2            Micro-Economic Indicators Considered

8.3.2   Bottom Up Approach

8.3.2.1            Company Share Analysis Approach

8.3.2.2            Estimation of Potential Product Sales

8.4       Data Triangulation

8.4.1   Data Collection

8.4.2   Time Series, Cross Sectional & Panel Data Analysis

8.4.3   Cluster Analysis

8.5       Analysis and Output

8.5.1   Inhouse AI Based Real Time Analytics Tool

8.5.2   Output From Desk & Primary Research

8.6       Research Assumptions & Limitations

8.6.1   Research Assumptions

8.6.2   Research Limitations

LIST OF TABLES

1 Global Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

2 Renewable–Electric Arc Furnace Market, By Region, 2021-2029 (USD Mllion)    

3 Hydrogen Direct Reduced Iron-Electric Arc Furnace Market, By Region, 2021-2029 (USD Mllion)       

4 Molten Oxide Electrolysis (MOE) Market, By Region, 2021-2029 (USD Mllion)       

5 Global Green Steel Market, By Application, 2021-2029 (USD Mllion)         

6 Building & Construction Market, By Region, 2021-2029 (USD Mllion)       

7 Renewable Energy Infrastructure Materials Market, By Region, 2021-2029 (USD Mllion)

8 Automotive Materials Market, By Region, 2021-2029 (USD Mllion)

9 Home Appliances Market, By Region, 2021-2029 (USD Mllion)

10 Others Market, By Region, 2021-2029 (USD Mllion)

11 Regional Analysis, 2021-2029 (USD Mllion)

12 North America Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)            

13 North America Green Steel Market, By Application, 2021-2029 (USD Mllion)

14 North America Green Steel Market, By COUNTRY, 2021-2029 (USD Mllion)

15 U.S. Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

16 U.S. Green Steel Market, By Application, 2021-2029 (USD Mllion)

17 Canada Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

18 Canada Green Steel Market, By Application, 2021-2029 (USD Mllion)        

19 Mexico Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

20 Mexico Green Steel Market, By Application, 2021-2029 (USD Mllion)         

21 Europe Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

22 Europe Green Steel Market, By Application, 2021-2029 (USD Mllion)         

23 Europe Green Steel Market, By Country, 2021-2029 (USD Mllion)

24 Germany Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

25 Germany Green Steel Market, By Application, 2021-2029 (USD Mllion)     

26 U.K. Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

27 U.K. Green Steel Market, By Application, 2021-2029 (USD Mllion)

28 France Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

29 France Green Steel Market, By Application, 2021-2029 (USD Mllion)         

30 Italy Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

31 Italy Green Steel Market, By Application, 2021-2029 (USD Mllion)

32 Spain Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

33 Spain Green Steel Market, By Application, 2021-2029 (USD Mllion)             

34 Netherlands Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

35 Netherlands Green Steel Market, By Application, 2021-2029 (USD Mllion)

36 Rest Of Europe Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)           

37 Rest Of Europe Green Steel Market, By Application, 2021-2029 (USD Mllion)       

38 Asia Pacific Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

39 Asia Pacific Green Steel Market, By Application, 2021-2029 (USD Mllion)

40 Asia Pacific Green Steel Market, By Country, 2021-2029 (USD Mllion)

41 China Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

42 China Green Steel Market, By Application, 2021-2029 (USD Mllion)            

43 Japan Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

44 Japan Green Steel Market, By Application, 2021-2029 (USD Mllion)            

45 India Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

46 India Green Steel Market, By Application, 2021-2029 (USD Mllion)              

47 South Korea Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

48 South Korea Green Steel Market, By Application, 2021-2029 (USD Mllion)

49 Singapore Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

50 Singapore Green Steel Market, By Application, 2021-2029 (USD Mllion)

51 Thailand Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

52 Thailand Green Steel Market, By Application, 2021-2029 (USD Mllion)     

53 Malaysia Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

54 Malaysia Green Steel Market, By Application, 2021-2029 (USD Mllion)     

55 Indonesia Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

56 Indonesia Green Steel Market, By Application, 2021-2029 (USD Mllion)

57 Vietnam Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

58 Vietnam Green Steel Market, By Application, 2021-2029 (USD Mllion)       

59 Taiwan Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

60 Taiwan Green Steel Market, By Application, 2021-2029 (USD Mllion)          

61 Rest of APAC Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

62 Rest of APAC Green Steel Market, By Application, 2021-2029 (USD Mllion)             

63 Middle East and Africa Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)       

64 Middle East and Africa Green Steel Market, By Application, 2021-2029 (USD Mllion)

65 Middle East and Africa Green Steel Market, By Country, 2021-2029 (USD Mllion)

66 Saudi Arabia Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

67 Saudi Arabia Green Steel Market, By Application, 2021-2029 (USD Mllion)

68 UAE Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

69 UAE Green Steel Market, By Application, 2021-2029 (USD Mllion)

70 Israel Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

71 Israel Green Steel Market, By Application, 2021-2029 (USD Mllion)           

72 South Africa Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

73 South Africa Green Steel Market, By Application, 2021-2029 (USD Mllion)

74 Rest Of Middle East and Africa Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)      

75 Rest Of Middle East and Africa Green Steel Market, By Application, 2021-2029 (USD Mllion)    

76 Central and  South America Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)      

77 Central and South America Green Steel Market, By Application, 2021-2029 (USD Mllion)           

78 Central and South America Green Steel Market, By Country, 2021-2029 (USD Mllion)

79 Brazil Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

80 Brazil Green Steel Market, By Application, 2021-2029 (USD Mllion)           

81 Chile Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

82 Chile Green Steel Market, By Application, 2021-2029 (USD Mllion)             

83 Argentina Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)

84 Argentina Green Steel Market, By Application, 2021-2029 (USD Mllion)

85 Rest Of Central and South America Green Steel Market, By Production Technology, 2021-2029 (USD Mllion)      

86 Rest Of Central and South America Green Steel Market, By Application, 2021-2029 (USD Mllion)       

87 GREEN STEEL GROUP INC.: Products & Services Offering     

88 U.S. Steel Corporation: Products & Services Offering      

89 Voestalpine: Products & Services Offering              

90 Nucor Corporation (Nucor Tubular Products) : Products & Services Offering

91 Emirates Steel Arkan: Products & Services Offering         

92 H2 GREEN STEEL: Products & Services Offering        

93 JFE Steel Corporation : Products & Services Offering       

94 NIPPON STEEL CORPORATION: Products & Services Offering              

95 POSCO International: Products & Services Offering          

96 Arcelor Mittal: Products & Services Offering       

97 Jindal Steel & Power Ltd.: Products & Services Offering

98 Ansteel Group : Products & Services Offering

99 Boston Metal: Products & Services Offering

100 China Baowu Group: Products & Services Offering

101 Cleveland-Cliffs: Products & Services Offering

102 Steel Dynamics, Inc.: Products & Services Offering

103 Tata Steel: Products & Services Offering

104 Liberty Steel Group: Products & Services Offering

105 SALZGITTER AG: Products & Services Offering

106 SSAB: Products & Services Offering

107 Other Companies: Products & Services Offering

LIST OF FIGURES

1 Global Green Steel Market Overview

2 Global Green Steel Market Value From 2021-2029 (USD Mllion)

3 Global Green Steel Market Share, By Production Technology (2023)

4 Global Green Steel Market Share, By Application (2023)

5 Global Green Steel Market, By Region (Asia Pacific Market)

6 Technological Trends In Global Green Steel Market

7 Four Quadrant Competitor Positioning Matrix

8 Impact Of Macro & Micro Indicators On The Market

9 Impact Of Key Drivers On The Global Green Steel Market

10 Impact Of Challenges On The Global Green Steel Market

11 Porter’s Five Forces Analysis

12 Global Green Steel Market: By Production Technology Scope Key Takeaways

13 Global Green Steel Market, By Production Technology Segment: Revenue Growth Analysis

14 Renewable-Electric Arc Furnace Market, By Region, 2021-2029 (USD Mllion)      

15 Hydrogen Direct Reduced Iron-Electric Arc Furnace Market, By Region, 2021-2029 (USD Mllion)

16 Molten Oxide Electrolysis (MOE) Market, By Region, 2021-2029 (USD Mllion)

17 Global Green Steel Market: By Application Scope Key Takeaways

18 Global Green Steel Market, By Application Segment: Revenue Growth Analysis

19 Building & Construction Market, By Region, 2021-2029 (USD Mllion)

20 Renewable Energy Infrastructure Market, By Region, 2021-2029 (USD Mllion)

21 Automotive Market, By Region, 2021-2029 (USD Mllion)

22 Home Appliances Market, By Region, 2021-2029 (USD Mllion)

23 Others Market, By Region, 2021-2029 (USD Mllion)

24 Regional Segment: Revenue Growth Analysis

25 Global Green Steel Market: Regional Analysis

26 North America Green Steel Market Overview

27 North America Green Steel Market, By Production Technology

28 North America Green Steel Market, By Application

29 North America Green Steel Market, By Country

30 U.S. Green Steel Market, By Production Technology

31 U.S. Green Steel Market, By Application

32 Canada Green Steel Market, By Production Technology

33 Canada Green Steel Market, By Application

34 Mexico Green Steel Market, By Production Technology

35 Mexico Green Steel Market, By Application

36 Four Quadrant Positioning Matrix

37 Company Market Share Analysis

38 GREEN STEEL GROUP INC.: Company Snapshot

39 GREEN STEEL GROUP INC.: SWOT Analysis

40 GREEN STEEL GROUP INC.: Geographic Presence

41 U.S. Steel Corporation: Company Snapshot

42 U.S. Steel Corporation: SWOT Analysis

43 U.S. Steel Corporation: Geographic Presence

44 Voestalpine: Company Snapshot

45 Voestalpine: SWOT Analysis

46 Voestalpine: Geographic Presence

47 Nucor Corporation (Nucor Tubular Products) : Company Snapshot

48 Nucor Corporation (Nucor Tubular Products) : Swot Analysis

49 Nucor Corporation (Nucor Tubular Products) : Geographic Presence

50 Emirates Steel Arkan: Company Snapshot

51 Emirates Steel Arkan: SWOT Analysis

52 Emirates Steel Arkan: Geographic Presence

53 H2 GREEN STEEL: Company Snapshot

54 H2 GREEN STEEL: SWOT Analysis

55 H2 GREEN STEEL: Geographic Presence

56 JFE Steel Corporation : Company Snapshot

57 JFE Steel Corporation : SWOT Analysis

58 JFE Steel Corporation : Geographic Presence

59 NIPPON STEEL CORPORATION: Company Snapshot

60 NIPPON STEEL CORPORATION: SWOT Analysis

61 NIPPON STEEL CORPORATION: Geographic Presence

62 POSCO International.: Company Snapshot

63 POSCO International.: SWOT Analysis

64 POSCO International.: Geographic Presence

65 Arcelor Mittal: Company Snapshot

66 Arcelor Mittal: SWOT Analysis

67 Arcelor Mittal: Geographic Presence

68 Jindal Steel & Power Ltd.: Company Snapshot

69 Jindal Steel & Power Ltd.: SWOT Analysis

70 Jindal Steel & Power Ltd.: Geographic Presence

71 Ansteel Group : Company Snapshot

72 Ansteel Group : SWOT Analysis

73 Ansteel Group : Geographic Presence

74 Boston Metal: Company Snapshot

75 Boston Metal: SWOT Analysis

76 Boston Metal: Geographic Presence

77 China Baowu Group: Company Snapshot

78 China Baowu Group: SWOT Analysis

79 China Baowu Group: Geographic Presence

80 Cleveland-Cliffs: Company Snapshot

81 Cleveland-Cliffs: SWOT Analysis

82 Cleveland-Cliffs: Geographic Presence

83 Steel Dynamics, Inc.: Company Snapshot

84 Steel Dynamics, Inc.: SWOT Analysis

85 Steel Dynamics, Inc.: Geographic Presence

86 Tata Steel: Company Snapshot

87 Tata Steel: SWOT Analysis

88 Tata Steel: Geographic Presence

89 Liberty Steel Group: Company Snapshot

90 Liberty Steel Group: SWOT Analysis

91 Liberty Steel Group: Geographic Presence

92 SALZGITTER AG: Company Snapshot

93 SALZGITTER AG: SWOT Analysis

94 SALZGITTER AG: Geographic Presence

95 SSAB: Company Snapshot

96 SSAB: SWOT Analysis

97 SSAB: Geographic Presence

98 Other Companies: Company Snapshot

99 Other Companies: SWOT Analysis

100 Other Companies: Geographic Presence     

The Global Green Steel Market has been studied from the year 2019 till 2029. However, the CAGR provided in the report is from the year 2024 to 2029. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Green Steel Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Green Steel Market.

Green Steel Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Green Steel Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Green Steel Market Share

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Frequently Asked Questions

The global green steel market is expected to grow at a CAGR of 67.3% from 2024 to 2029.
The key players operating in the market are Green Steel Group Inc., U.S. Steel Corporation, Nucor Corporation (Nucor Tubular Products), Emirates Steel Arkan, H2 Green Steel, JFE Steel Corporation, NIPPON STEEL CORPORATION, POSCO International, Arcelor Mittal, Jindal Steel & Power Ltd., Ansteel Group, Boston Metal, China Baowu Group, Cleveland-Cliffs, Steel Dynamics, Inc., and Tata Steel, among others.
The global green steel market is expected to gain opportunities due to the increasing awareness of environmental issues and regulations promoting sustainable practices. Moreover, growing demand for eco-friendly products is driving companies to adopt greener steel production methods to meet consumer preferences and regulatory requirements.
Global green steel market growth is driven by factors such as increasing awareness of environmental issues and regulations promoting sustainable practices.

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