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Report Highlights
The global green steel market is expected to grow from $7.4 billion in 2024 to $19.4 billion by 2029, at a compound annual growth rate (CAGR) of 21.4% from 2024 through 2029.
Report Includes
- 35 data tables and 52 additional tables
- An overview of the current and future global market for green steel
- An analysis of the global market trends with market revenue data for 2023, estimates for 2024, forecasts for 2025, and projected CAGRs through 2029
- Estimates of the size and revenue prospects of the global market, along with a market share analysis by processing technique, end use and region
- Facts and figures pertaining to market dynamics, technological advances, regulations, and the impact of macroeconomic factors
- Analysis of market opportunities with a review of Porter’s Five Forces and a value chain analysis taking into consideration the micro- and macro environmental factors prevailing in the market
- Discussion of the importance of ESG in the market for green steel, consumer attitudes towards sustainability, assessment of risks and opportunities, ratings and matrices, and ESG practices in the industry
- Analysis of relevant patents, with emphasis on emerging technologies and new developments in the green steel technologies and applications market
- Analysis of the industry structure, including companies’ market shares and rankings, strategic alliances, M&A activity and a venture funding outlook
- Profiles of the leading companies, including ArcelorMittal, Nucor Corp., SSAB Group, ThyssenKrupp AG and voestalpine AG
Report Scope
This report is a descriptive study providing future opportunities for manufacturing green steel and offer in-depth insights with a comprehensive and qualitative analysis, along with trends and opportunities prevailing in the market that can lead to growth of the green steel industry. It includes details about green steel production techniques and end-use industries. A regional analysis comprises North America, Europe, the Asia-Pacific, South America, and the Middle East and Africa. The rising sustainability and growing demand for steel make it attractive to the global market because green steel can be used in various end-use industries. The green steel industry provides a more environment-friendly alternative to traditional steel, elevating sustainability by reducing carbon emissions and environmental impact. The rising application of green steel in various fields significantly increases its potential in the global market.
For this analysis, the global markets for green steel were segmented into the following categories:
- Processing techniques: electric arc furnace (EAF), hydrogen-based production, carbon capture, utilization and storage (CCUS), and others.
- End-Uses: building and construction, transportation, machinery, and others.
BCC Research analyzed essential categories and regions to determine the present and future green steel market status and forecasted market growth from 2024 through 2029 with 2023 as a base year. This report also discusses current market dynamics, strategies and trends driving the demand for products, key product manufacturers, market ESG development, competitive landscape, and brief profiles of major global manufacturers. To understand the industry’s growth potential, the green steel market will be analyzed from an international and regional perspective. The market is segmented by region into the following areas: North America, Europe, the Asia-Pacific, South America, and the Middle East and Africa.
This report provides market estimates in terms of value ($ millions). Regional market sizes are also provided.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||
| Base year market size | $6.2 Billion | ||||||||||||||||
| Market size forecast | $19.4 Billion | ||||||||||||||||
| Growth rate | CAGR of 21.4% from 2024 to 2029 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | By Processing Technique, End Use and Region | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, South America, and the Middle East and Africa (MEA) | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Increased social licensing pressures for green steelmaking.
- Rising CO2 emissions and renewable targets in sustainable steelmaking.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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