Green Steel Product Market Report – 2025 Outlook, Trends, Share, Size & Forecast
MarkNtel Advisors has unveiled its latest research report on the Green Steel Market, providing an in-depth analysis of market dynamics, growth prospects, and competitive landscape. This report serves as a valuable resource for stakeholders aiming to capitalize on emerging opportunities and navigate potential challenges in the Green Steel industry.
Green Steel Market Size: 2025 Outlook
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.
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📘 Scope of the Report
- Forecasts till 2030 with year-wise market breakdown
- Geographical and segment-level analysis
- Company profiles and strategic insights
- Key market drivers and restraints
- Analysis of market trends and investment opportunities
What’s Driving the Market?
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.
What’s Holding Back Growth?
Complex Carbon Accounting Calculation to Hinder the Market - The primary issue in the Global Green Steel market has been a lack of knowledge of carbon accounting calculations, as estimating the levels of carbon offset during a production process is extremely complex. This, in turn, is delaying the process of recognizing green steel, even when there is a small fraction of the companies in 2022 in northern Europe producing fossil fuel-free steel.
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Green Steel Market Segmentation
By Energy Source
- Solar Energy
- Wind Energy
By Production Technology
- Electric Arc Furnace
- Molten Oxide Electrolysis
By End User
- Buildings & Construction
- Automotive & Tra...nsportation
- Electronics Industrial Equipment
By Region
- Americas
- Europe
- Middle East & Africa
- Asia-Pacific
🏢 Industry Leaders: Who’s Dominating the Green Steel Market?
The market is highly competitive, with players launching innovation-driven products and investing in strategic partnerships. Key participants include:
- 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)
These companies are focused on health-based R&D, expansion, and functional ingredient diversification.
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🧠 Frequently Asked Questions (FAQs)
- What are the main drivers of the Green Steel market?
- Which segment leads the Green Steel industry?
- What regulatory challenges impact product development?
- Who are the top players in the Green Steel industry?
About US:
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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