Green Steel Market Growth, Key Trends & Factor Driving Industry Till 2030

Markntel Advisors’ report, Green Steel Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Green Steel presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Green Steel Market Research Report Market Summary:

The Global Green Steel Market size is projected to grow at a CAGR of around 12.22% during the forecast period, 2025-30. This is in line with the rising shift towards sustainable steel production by steel manufacturers to achieve net-zero emissions. Moreover, the surging demand for low-carbon steel from various end-user industries, such as automotive, building construction, etc., is also expected to rise with their targets to use sustainable products. The global market is likely to be driven primarily by the mounting inclination of governments in the US, Canada, Germany, France, the UK, etc., toward lowering carbon emissions adopting sustainable products manufacturing practices in verticals, such as construction, electronics, industrial equipment, etc.

If you’re interested in the assumptions considered in this study, you can download the PDF brochure- https://www.marknteladvisors.com/query/request-sample/green-steel-market.html

Green Steel Market Dynamics:

Key Driver-

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.

Green Steel Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Production Technology.

Electric Arc Furnace
Molten Oxide Electrolysis

Here, Electric Arc Furnaces are expected to acquire a larger share in the Global Green Steel market over the forecast years. This can be explained by the fact the electric arc furnace efficiently reduces the energy required to make green steel, making it widely accepted for producing carbon-free steel.

By Energy Source

Solar
Wind

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.)

Of them, the Automotive Transportation sector is projected to acquire a considerable share of the Global Green Steel market during 2025-30.

By Region

North America
South America
Europe
Middle East Africa

Of all the regions globally, the Europe Green Steel market would foresee significant growth in the forthcoming years due to the initiatives taken by the European Union to minimize the carbon emissions from the steel industry by 2030.

As indicated in the latest market research report published by Markntel Advisors, “Green Steel Research Report: Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Green Steel industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/green-steel-market.html

Top Companies Operating in the Green Steel Market:

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).

*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address*

Other Report:

Biomaterials Market size is valued at around USD15Billion in 2024 is projected to reach USD 59.11 Billion by 2030. along with a 5.60% CAGR.
Acrylic Fiber Market size is estimated at around USD65Billion in 2024 is expected to grow at a CAGR of around 3.5% during the forecast period 2024-30.

Key Report Highlights:

Market Dimensions Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Frequently Asked Questions (FAQs)-

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About Us –

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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.