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PUBLISHER: BCC Research | PRODUCT CODE: 1724756
PUBLISHER: BCC Research | PRODUCT CODE: 1724756
Global Green Steel Market
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PAGES: 136 Pages
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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.
The European green steel market is expected to grow from $3.7 billion in 2024 to $10.9 billion by 2029, at a CAGR of 24.5% from 2024 through 2029.
The North American green steel market is expected to grow from $1.8 billion in 2024 to $4.6 billion by 2029, at a CAGR of 20.0% from 2024 through 2029.
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 Includes
- 52 data tables and 59 additional tables
- Analyses of the global market trends for neurology therapeutics, with market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024, and projected CAGRs through 2029
- Estimates of the market size and revenue growth prospects, along with a market share analysis by type of disorder, drug classification, mechanism of action, label information, end user and region
- Facts and figures pertaining to key market dynamics, technology advances, pipeline drugs, regulations, and the impact of macroeconomic factors
- Insights derived from the Porter's Five Forces model, as well as global supply chain and PESTLE analyses
- Pipeline analysis covering ongoing clinical trials and promising forthcoming neuroscience therapies in late stage
- Discussion of therapeutics used for treatment of neurological disorders, along with coverage of novel pipeline drugs, patent expiries of blockbuster drugs and new drug approvals
- A patent analysis, including key granted and published patents
- Analysis of the industry structure, including companies' market shares and rankings, strategic alliances, M&A activity and a venture funding outlook
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
- Company profiles of major players within the industry, including F. Hoffmann-La Roche Ltd., Novartis AG, UCB S.A, and Otsuka Holdings Co. Ltd.
Product Code: AVM253A
Table of Contents
Chapter 1 Executive Summary
- Market Outlook
- Scope of Report
- Market Summary
Chapter 2 Market Overview
- Market Definition
- Green Steel Vs. Traditional Steel
- Production Methods
- Physical & Chemical Properties
- Performance Differences
- Environmental Characteristics
- Specialized Applications
- Future Outlook
- Stages of Green Steel Manufacturing
- Reduction
- Transformation
- Forming
- Classification of Green Steel
- Porter's Five Forces Analysis
- Bargaining Power of Buyers: Low
- Bargaining Power of Suppliers: Moderate
- Threat of New Entrants: Moderate
- Threat of Substitutes: High
- Competition in the Industry: High
- Supply Chain Analysis for Green Steel
- Raw Materials and Suppliers
- Manufacturing and Processing
- Distribution and Sales
- End User
Chapter 3 Market Dynamics
- Market Dynamics
- Market Drivers
- Increased Social Licensing Pressures for Green Steelmaking
- Rising CO2 Emissions and Renewable Targets in Sustainable Steelmaking
- Market Restraints
- Limited Availability and Unaffordability of Green Hydrogen
- High Capital Investments and High Production Costs Associated with Green Steel Production
- Market Opportunities
- Government Support and Investments in Green Steel Manufacturing
- Technological Advances in Steelmaking
Chapter 4 Emerging Technologies and Developments
- New Technologies and Developments
- Enhanced Recycling for Sustainable Steel Production
- Role of Digitalization and Smart Manufacturing in Green Steel Production
- Investment in Renewable Energy for Green Steel Production
- Patent Analysis
- Patent Analysis Based on Year Issued
Chapter 5 Market Segmentation Analysis
- Segmentation Breakdown
- Market Analysis by Processing Technique
- Electric Arc Furnaces
- Hydrogen-based Production
- Carbon Capture, Utilization, and Storage (CCUS)
- Others
- Market Analysis by End Use
- Building and Construction
- Transportation
- Machinery
- Others
- Geographic Breakdown
- Market Analysis by Region
- North America
- Europe
- Asia-Pacific
- South America
- Middle East and Africa
Chapter 6 Competitive Intelligence
- Industry Structure
- Market Share Analysis
- Strategic Analysis
- Merger and Acquisition Analysis
Chapter 7 Sustainability in the Green Steel Industry: An ESG Perspective
- Introduction to ESG
- Key ESG Issues in the Green Steel Sector
- Green Steel Industry ESG Performance Analysis
- Environmental Performance
- Social Performance
- Governance Performance
- Current Status of ESG in the Green Steel Market
- ESG Score Analysis
- Risk Scale, Exposure Scale, and Management Scale
- Concluding Remarks from BCC Research
Chapter 8 Appendix
- Methodology
- Sources
- References
- Abbreviations
- Company Profiles
- AFRY AB
- ARCELORMITTAL
- BLASTR GREEN STEEL AS
- BOSTON METAL
- HELIOS PROJECT LTD.
- HYDNUM STEEL
- LIBERTY STEEL GROUP
- NUCOR CORP.
- SALZGITTER AG
- SMS GROUP GMBH
- SSAB
- SSG
- STEGRA
- THYSSENKRUPP AG
- VOESTALPINE AG
Product Code: AVM253A
List of Tables
- Summary Table : Global Green Steel Market, by Region, Through 2029
- Table 1 : Patents in Green Steel, 2022-2024
- Table 2 : Global Green Steel Market, by Processing Technique, Through 2029
- Table 3 : Global Green Steel Market for EAFs, by Region, Through 2029
- Table 4 : Global Green Steel Market for Hydrogen-based Production, by Region, Through 2029
- Table 5 : Global Green Steel Market for CCUS, by Region, Through 2029
- Table 6 : Global Green Steel Market for Other Processing Techniques, by Region, Through 2029
- Table 7 : Global Green Steel Market, by End Use, Through 2029
- Table 8 : Global Green Steel Market for Building and Construction, by Region, Through 2029
- Table 9 : Global Green Steel Market for Transportation, by Region, Through 2029
- Table 10 : Global Green Steel Market for Machinery, by Region, Through 2029
- Table 11 : Global Green Steel Market for Other End Uses, by Region, Through 2029
- Table 12 : Global Green Steel Market, by Region, Through 2029
- Table 13 : North American Green Steel Market, by Country, Through 2029
- Table 14 : North American Green Steel Market, by Processing Technique, Through 2029
- Table 15 : North American Green Steel Market, by End Use, Through 2029
- Table 16 : European Green Steel Market, by Country, Through 2029
- Table 17 : European Green Steel Market, by Processing Technique, Through 2029
- Table 18 : European Green Steel Market, by End Use, Through 2029
- Table 19 : Asia-Pacific Green Steel Market, by Country, Through 2029
- Table 20 : Asia-Pacific Green Steel Market, by Processing Technique, Through 2029
- Table 21 : Asia-Pacific Green Steel Market, by End Use, Through 2029
- Table 22 : South American Green Steel Market, by Country, Through 2029
- Table 23 : South American Green Steel Market, by Processing Technique, Through 2029
- Table 24 : South American Green Steel Market, by End Use, Through 2029
- Table 25 : Middle Eastern and African Green Steel Market, by Processing Technique, Through 2029
- Table 26 : Middle East and African Green Steel Market, by End Use, Through 2029
- Table 27 : Partnerships and Business Expansions in the Green Steel Market, 2023 and 2024
- Table 28 : Mergers and Acquisitions in the Global Green Steel Market, 2023 and 2024
- Table 29 : Environmental Performance
- Table 30 : Social Performance
- Table 31 : Governance Performance
- Table 32 : ESG Score: Green Steel Market, 2024
- Table 33 : Report Information Sources
- Table 34 : Abbreviations Used in This Report
- Table 35 : AFRY AB: Company Snapshot
- Table 36 : AFRY AB: Financial Performance, FY 2022 and 2023
- Table 37 : AFRY AB: Product Portfolio
- Table 38 : AFRY AB: News/Key Developments, 2024
- Table 39 : ArcelorMittal: Company Snapshot
- Table 40 : ArcelorMittal: Financial Performance, FY 2022 and 2023
- Table 41 : ArcelorMittal: Product Portfolio
- Table 42 : ArcelorMittal: News/Key Developments, 2023 and 2024
- Table 43 : Blastr Green Steel AS: Company Snapshot
- Table 44 : Blastr Green Steel AS: Product Portfolio
- Table 45 : Boston Metal: Company Snapshot
- Table 46 : Boston Metal: Product Portfolio
- Table 47 : Boston Metal: News/Key Developments, 2023 and 2024
- Table 48 : Helios Project Ltd.: Company Snapshot
- Table 49 : Helios Project Ltd.: Product Portfolio
- Table 50 : Hydnum Steel: Company Snapshot
- Table 51 : Hydnum Steel: Product Portfolio
- Table 52 : Hydnum Steel: News/Key Developments, 2024
- Table 53 : LIBERTY Steel Group: Company Snapshot
- Table 54 : LIBERTY Steel Group: Product Portfolio
- Table 55 : LIBERTY Steel Group: News/Key Developments, 2024
- Table 56 : Nucor Corp.: Company Snapshot
- Table 57 : Nucor Corp.: Financial Performance, FY 2022 and 2023
- Table 58 : Nucor Corp.: Product Portfolio
- Table 59 : Nucor Corp.: News/Key Developments, 2021-2024
- Table 60 : Salzgitter AG: Company Snapshot
- Table 61 : Salzgitter AG: Financial Performance, FY 2022 and 2023
- Table 62 : Salzgitter AG: Product Portfolio
- Table 63 : Salzgitter AG: News/Key Developments, 2024
- Table 64 : SMS group GmbH: Company Snapshot
- Table 65 : SMS group GmbH: Financial Performance, FY 2022 and 2023
- Table 66 : SMS group GmbH: Product Portfolio
- Table 67 : SMS group GmbH: News/Key Developments, 2025
- Table 68 : SSAB: Company Snapshot
- Table 69 : SSAB: Financial Performance, FY 2022 and 2023
- Table 70 : SSAB: Product Portfolio
- Table 71 : SSAB: News/Key Developments, 2023 and 2024
- Table 72 : SSG: Company Snapshot
- Table 73 : SSG: Financial Performance, FY 2022 and 2023
- Table 74 : SSG: Product Portfolio
- Table 75 : SSG: News/Key Developments, 2024
- Table 76 : Stegra: Company Snapshot
- Table 77 : Stegra: Product Portfolio
- Table 78 : Stegra: News/Key Developments, 2023 and 2024
- Table 79 : thyssenkrupp AG: Company Snapshot
- Table 80 : thyssenkrupp AG: Financial Performance, FY 2023 and 2024
- Table 81 : thyssenkrupp AG: Product Portfolio
- Table 82 : thyssenkrupp AG: News/Key Developments, 2023 and 2024
- Table 83 : voestalpine AG: Company Snapshot
- Table 84 : voestalpine AG: Financial Performance, FY 2022 and 2023
- Table 85 : voestalpine AG: Product Portfolio
- Table 86 : voestalpine AG: News/Key Developments, 2023 and 2024
List of Figures
- Summary Figure : Global Green Steel Market, by Region, 2023-2029
- Figure 1 : Porter's Five Forces Analysis for the Green Steel Market
- Figure 2 : Green Steelmaking: Supply Chain Analysis
- Figure 3 : Market Dynamics Snapshot for Green Steel
- Figure 4 : Share of Global Green Steel Market, by Processing Technique, 2023
- Figure 5 : Share of Global Green Steel Market for EAFs, by Region, 2023
- Figure 6 : Share of Global Green Steel Market for Hydrogen-based Production, by Region, 2023
- Figure 7 : Share of Global Green Steel Market for CCUS, by Region, 2023
- Figure 8 : Share of Global Green Steel Market for Other Processing Techniques, by Region, 2023
- Figure 9 : Share of Global Green Steel Market, by End Use, 2023
- Figure 10 : Share of Global Green Steel Market for Building and Construction, by Region, 2023
- Figure 11 : Share of Global Green Steel Market for Transportation, by Region, 2023
- Figure 12 : Share of Global Green Steel Market for Machinery, by Region, 2023
- Figure 13 : Share of Global Green Steel Market for Other End Uses, by Region, 2023
- Figure 14 : Share of Global Green Steel Market, by Region, 2023
- Figure 15 : Share of North American Green Steel Market, by Country, 2023
- Figure 16 : Share of North American Green Steel Market, by Processing Technique, 2023
- Figure 17 : Share of North American Green Steel Market, by End Use, 2023
- Figure 18 : Share of European Green Steel Market, by Country, 2023
- Figure 19 : Share of European Green Steel Market, by Processing Technique, 2023
- Figure 20 : Share of European Green Steel Market, by End Use, 2023
- Figure 21 : Share of Asia-Pacific Green Steel Market, by Country, 2023
- Figure 22 : Share of Asia-Pacific Green Steel Market, by Processing Technique, 2023
- Figure 23 : Share of Asia-Pacific Green Steel Market, by End Use, 2023
- Figure 24 : Share of South American Green Steel Market, by Country, 2023
- Figure 25 : Share of South American Green Steel Market, by Processing Technique, 2023
- Figure 26 : Share of South American Green Steel Market, by End Use, 2023
- Figure 27 : Share of Middle East and African Green Steel Market, by Processing Technique, 2023
- Figure 28 : Share of Middle East and African Green Steel Market, by End Use, 2023
- Figure 29 : Share of Global Green Steel Market, by Company, 2023
- Figure 30 : ESG Perspective
- Figure 31 : AFRY AB: Revenue Share, by Business Unit, FY 2023
- Figure 32 : AFRY AB: Revenue Share, by Country/Region, FY 2023
- Figure 33 : ArcelorMittal: Revenue Share, by Business Unit, FY 2023
- Figure 34 : ArcelorMittal: Revenue Share, by Country/Region, FY 2023
- Figure 35 : Nucor Corp.: Revenue Share, by Business Unit, FY 2023
- Figure 36 : Salzgitter AG: Revenue Share, by Business Unit, FY 2023
- Figure 37 : Salzgitter AG: Revenue Share, by Country/Region, FY 2023
- Figure 38 : SMS group GmbH: Revenue Share, by Business Unit, FY 2023
- Figure 39 : SMS group GmbH: Revenue Share, by Country/Region, FY 2023
- Figure 40 : SSAB: Revenue Share, by Business Unit, FY 2023
- Figure 41 : SSAB: Revenue Share, by Country/Region, FY 2023
- Figure 42 : SSG: Revenue Share, by Business Unit, FY 2023
- Figure 43 : SSG: Revenue Share, by Country/Region, FY 2023
- Figure 44 : thyssenkrupp AG: Revenue Share, by Business Unit, FY 2024
- Figure 45 : thyssenkrupp AG: Revenue Share, by Country/Region, FY 2024
- Figure 46 : voestalpine AG: Revenue Share, by Business Unit, FY 2023
- Figure 47 : voestalpine AG: Revenue Share, by Country/Region, FY 2023
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