Green Steel Market Size, Share & Industry Analysis
出版社 | Fortune Business Insights |
出版年月 | 2024年8月 |
ページ数 | 126 |
価格タイプ | シングルユーザライセンス |
価格 | USD 4,850 |
種別 | 英文調査報告書 |
Growth Factors of Green Steel Market
The green steel market size was reached at a value of USD 2.62 billion in 2023, and the market is now projected to grow from USD 3.75 billion in 2024 to USD 129.08 billion by 2032, exhibiting a CAGR of 55.6% during the forecast period of 2023-2032.
グリーンスチール市場規模は2023年に26億2,000万米ドルに達し、現在市場は2024年の37億5,000万米ドルから2032年までに1,290億8,000万米ドルに成長すると予測されており、2023年-2032年の予測期間中に55.6%のCAGRを示します。
The COVID-19 pandemic impacted the real estate industry significantly, by reducing demand for leases, new purchases, rents, and other services led to reduction of green steel market growth. At the same time, the demand for residential accommodation expanded as people sought greater room to study and work. Thus, the COVID-19 pandemic has accelerated the support and demand for such solutions, resulting in increased financing and investment for continuing development and the new normal of the future.

Millions of dollars are being invested by numerous governments and top steel production corporations to make steel as environmentally friendly as possible, since sustainability is quickly becoming the new standard and need. The Paris Climate Agreement places a strong emphasis on keeping global warming to 1.5°C because going over this threshold might lead to extreme weather events including heat waves, droughts, and flooding. As one of the biggest emitters of greenhouse gases, the steel sector has drawn the attention of manufacturing businesses and governments alike in an attempt to go green. For example, the European Research Council (ERC) provided USD 2.8 million for five years of initiatives aimed at employing hydrogen plasma to reduce iron oxides without the need for carbon. Moreover, manufacturers are investing more and more in development and creating new innovations to get large client base.
The steel industry has been the focus of the decarbonizing industry discussion for a considerable amount of time. As a result, the technique for producing electric arc furnaces went into commercial use, cutting carbon emissions by nearly three-fourths compared to conventional methods. The EAF process produces only 0.6 tons of CO2 per ton of steel produced, compared to 1.8 tons produced by the Blast Furnace Blast Oxygen Furnace method. Numerous strategies to lower carbon emissions throughout the steel production process have been investigated over the last ten years. For example, the direct reduction method can directly replace pig iron because it generates Direct Reduced Iron using natural gasses instead of coal. Among fossil fuels, natural gas including LNG emits the least amount of CO2. The use of natural gas lowers carbon emissions much more when steel is produced.
Comprehensive Analysis of Green Steel Market
The green steel market is witnessing an exponential growth rate due to its market segmentation. This market expansion effectively provides a detailed geographical assessment considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by production technology and by application. The production technology segment includes Renewable – Electric Arc Furnace (R-EAF), Hydrogen Direct Reduced Iron – Electric Arc Furnace (H2 DRI – EAF), and Molten Oxide Electrolysis (MOE). However, the application segment includes Building & Construction, Automotive, Renewable Energy Infrastructure, Home Appliances, and others.
In the green steel market, the North America region lead the metal devices market by benefitting a market size of USD 1.52 billion in 2023 owing to worldwide government commitments to emission-free steel to spur market growth and focus of the decarbonizing industry.
The top players in the market play a crucial role in the metal industry assuring industrial prospectus growth and setting market standards. These players include, Salzgitter AG (Germany), Swiss Steel Group (Switzerland), ArcelorMittal (Luxembourg), Outokumpu Oyj (Finland), Nucor Corporation (U.S.), China Baowu Group (China), H2 Green Steel (U.S.), SSAB (Sweden) and Emirates Steel Arkan Group (UAE) these market players provide a level-playing competitive landscape.
In February 2024, The German company Thyssenkrupp Steel Europe AG has introduced that Midrex Technologies, Inc., a subsidiary of Kobe Steel, will supply and build the MIDREX Flex reduction plant at its Duisburg site, with a production capacity of 2.5 million tons/year.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2022-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period Not Available
Unit Value (USD Billion) and Volume (Million Ton)
Growth Rate CAGR of 55.6% from 2024-2032
Segmentation By Production Technology
- Renewable – Electric Arc Furnace (R-EAF)
- Hydrogen Direct Reduced Iron – Electric Arc Furnace (H2 DRI – EAF)
- Molten Oxide Electrolysis (MOE)
By Application
- Building & Construction
- Automotive
- Renewable Energy Infrastructure
- Home Appliances
- Others
By Geography
- North America (By Application)
- Europe (By Application)
- Asia Pacific (By Application)
- Rest of the World (By Application)
Table of Contents
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Regions
4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
4.3. Latest Technological Advancements
4.4. Insights on Regulatory Scenario
4.5. Porters Five Forces Analysis
5. Qualitative Insights on Impact of COVID-19 on Global Steel Market Market
5.1. Supply Chain Analysis & Challenges due to Covid-19
5.2. Steps taken by Government / Companies to Overcome this Impact
5.3. Potential Challenges and Opportunities due to COVID-19 Outbreak
6. Global Green Steel Market Market Analysis, Insights and Forecast, 2022-2032
6.1. Key Findings / Summary
6.2. By Production Technology (Value and Volume)
6.2.1. Renewable – Electric Arc Furnace (R-EAF)
6.2.2. Hydrogen Direct Reduced Iron – Electric Arc Furnace (H2 DRI – EAF)
6.2.3. Molten Oxide Electrolysis (MOE)
6.3. By Application (Value and Volume)
6.3.1. Building & Construction
6.3.2. Automotive
6.3.3. Renewable Energy Infrastructure
6.3.4. Home Appliances
6.3.5. Others
6.4. By Region (Value and Volume)
6.4.1. North America
6.4.2. Europe
6.4.3. Asia Pacific
6.4.4. Rest of the World
7. North America Green Steel Market Market Analysis, Insights and Forecast, 2022-2032
7.1. Key Findings / Summary
7.2. By Application (Value and Volume)
7.2.1. Building & Construction
7.2.2. Automotive
7.2.3. Renewable Energy Infrastructure
7.2.4. Home Appliances
7.2.5. Others
8. Europe Green Steel Market Market Analysis, Insights and Forecast, 2022-2032
8.1. Key Findings / Summary
8.2. By Application (Value and Volume)
8.2.1. Building & Construction
8.2.2. Automotive
8.2.3. Renewable Energy Infrastructure
8.2.4. Home Appliances
8.2.5. Others
9. Asia-Pacific Green Steel Market Market Analysis, Insights and Forecast, 2022-2032
9.1. Key Findings / Summary
9.2. By Application (Value and Volume)
9.2.1. Building & Construction
9.2.2. Automotive
9.2.3. Renewable Energy Infrastructure
9.2.4. Home Appliances
9.2.5. Others
10. Rest of the World Green Steel Market Market Analysis, Insights and Forecast, 2022-2032
10.1. Key Findings / Summary
10.2. By Application (Value and Volume)
10.2.1. Building & Construction
10.2.2. Automotive
10.2.3. Renewable Energy Infrastructure
10.2.4. Home Appliances
10.2.5. Others
11. Company Profiles
11.1. Nucor Corporation
11.1.1. Overview
11.1.2. Description
11.1.3. Production Technology Portfolio
11.1.4. Financials (Data as available in public domain and/or on paid databases)
11.1.5. Recent Developments
11.2. Swiss Steel Group
11.2.1. Overview
11.2.2. Description
11.2.3. Production Technology Portfolio
11.2.4. Financials (Data as available in public domain and/or on paid databases)
11.2.5. Recent Developments
11.3. Outokumpu
11.3.1. Overview
11.3.2. Description
11.3.3. Production Technology Portfolio
11.3.4. Financials (Data as available in public domain and/or on paid databases)
11.3.5. Recent Developments
11.4. China Baowu Steel Group
11.4.1. Overview
11.4.2. Description
11.4.3. Production Technology Portfolio
11.4.4. Financials (Data as available in public domain and/or on paid databases)
11.4.5. Recent Developments
11.5. Salzgitter AG
11.5.1. Overview
11.5.2. Description
11.5.3. Production Technology Portfolio
11.5.4. Financials (Data as available in public domain and/or on paid databases)
11.5.5. Recent Developments
11.6. ArcelorMittal S.A.
11.6.1. Overview
11.6.2. Description
11.6.3. Production Technology Portfolio
11.6.4. Financials (Data as available in public domain and/or on paid databases)
11.6.5. Recent Developments
11.7. SSAB
11.7.1. Overview
11.7.2. Description
11.7.3. Production Technology Portfolio
11.7.4. Financials (Data as available in public domain and/or on paid databases)
11.7.5. Recent Developments
11.8. Emirates Steel Arkan
11.8.1. Overview
11.8.2. Description
11.8.3. Production Technology Portfolio
11.8.4. Financials (Data as available in public domain and/or on paid databases)
11.8.5. Recent Developments
11.9. Posco Holdings Inc.
11.9.1. Overview
11.9.2. Description
11.9.3. Production Technology Portfolio
11.9.4. Financials (Data as available in public domain and/or on paid databases)
11.9.5. Recent Developments
11.10. ThyssenKrupp AG
11.10.1. Overview
11.10.2. Description
11.10.3. Production Technology Portfolio
11.10.4. Financials (Data as available in public domain and/or on paid databases)
11.10.5. Recent Developments
12. Strategic Recommendations
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