MarkNtel Advisors recently published a detailed industry analysis of the Green Steel Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Green Steel Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Green Steel Market size is projected to grow at a CAGR of around 12.22% during the forecast period, 2025-30.
What are the major Driver the Green Steel industry?
Carbon Neutrality Targets of Countries to Strengthen Green Steel Market - Green Steel is anticipated to play a significant role across the globe in helping nations achieve their sustainable development goals & minimize their carbon footprints. Green Steel plays a critical role in decreasing the dependence of the countries on energy imports, safeguarding the environment, and satisfying the growing energy needs globally.
Additionally, there is a significant amount of CO2 emission while producing steel. Thus, governments around the world are developing decarbonizing strategies and promoting green steel, especially in sectors such as automotive & construction.
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What segments define the Green Steel market from 2025 to 2030? How do these segments contribute to market dynamics and growth?
- By Production Technology
- Electric Arc Furnace
- Molten Oxide Electrolysis
- By Energy Source
- Solar
- Wind
According to report, Among them, both sources of energy, i.e., Solar & Wind, are predicted to hold a sizeable share in the production of green steel globally.
- By End User
- Buildings & Construction
- Automotive & Transportation (Including Marine)
- Electronics
- Industrial Equipment
- Others (FMCG, Defense, etc.)
According to report, of them, the Automotive & Transportation sector is projected to acquire a considerable share of the Global Green Steel market during 2025-30.
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Geographical Analysis: Green Steel Market
- Asia-Pacific
- North America
- South America
- Europe
- Middle East & Africa
Green Steel Market Share & Competitive Landscape:
The Green Steel Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Green Steel Market are:
- Green Steel Group
- H2 Green Steel
- Deutsche Edelstahlwerke
- Tata Steel
- HYBRIT
- Arcelor Mittal
- Emirates Steel
- Sheffield Forgemasters
- Celsa Steel UK
- Liberty Steel
- British Steel
- Outokumpu
- Voestalpine
- Arab Steel Co.
- Jindal Shadeed Group- Oman
- Essar Group-Saudi Arabia
- Others (ThyssenKrupp AG, China Baowu Steel Group Corporation)
Green Steel Industry Recent Development:
- 2023: Essar Group's steel manufacturing operations in Saudi Arabia are carried out through a joint venture with Saudi Arabian Oil Company (Saudi Aramco), called the International Steel Services Inc. (ISSI).
- 2022: In the UAE, ArcelorMittal has a joint venture with the Dubai-based steel company, Conares, called Conares Metal Supply. The joint venture operates a steel manufacturing plant in the Jebel Ali Free Zone, producing a range of steel products such as pipes, tubes, and structural steel.
- 2022: ArcelorMittal plans to invest USD100 million annually in green steel technologies, to speed up the decarbonization of the steel sector. The company receives German state funding of 131 million for its Green steel plant in Hamburg.
- 2022: Tata Steel Ltd signed an agreement with McDermott, Danieli, and Hatch for technological expertise in the production of Green Steel at the IJmuiden facility, in Amsterdam.
- 2021: Iberdrola & H2 Green Steel signed a green hydrogen deal of USD2.59 billion. With a capacity to generate 2 million tons of pig iron would be produced & fueled by green hydrogen at the new facility. It helps in the manufacturing of green steel with a 95% decrease in CO2 emissions.
Questions Addressed in this Study
1.What factors are driving the Green Steel Market growth?
2.How is the Green Steel Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Green Steel Market?
4.What is the current size of the Green Steel Market, and how is it projected to change in the future?
6.What is the future outlook for the Green Steel Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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