Global Green Steel Market Size study & Forecast, by Energy Source, by Type (Electric Arc Furnace, Molten Oxide Electrolysis ), by End-User and Regional Analysis, 2022-2029

Description

List of Tables

Global Green Steel Market is valued at approximately USD 0.0834 billion in 2021 and is anticipated to grow with an impressive growth rate of more than 131.8% over the forecast period 2022-2029. Green Steel refers to the production of steel using non-fossil-based energy sources. In Green Steel production low carbon sources such as hydrogen, and coal gasification among others are used in place of fossil fuels. In case of Hydrogen, if burned, hydrogen emits only water. Moreover, hydrogen is produced via electrolysis using water and renewable energy-based electricity, and it is free of CO2 emissions. The increasing demand for sustainable construction materials and growing investment in green production of steel are key factors accelerating the market growth.

The increasing adoption of sustainable construction materials due to rise in global carbon emissions is contributing towards the growth of the Global Green Steel Market. For instance, according to Statista - in 2019, the global market for sustainable construction materials was valued at USD 10.44 million tons and the market is projected to grow to USD 23.4 million tons by 2026. Moreover, the growing investment in green steel production is another factor driving the market space. For instance, in January 2022 India based Adani Group and South Korean Steel company Posco jointly announced an investment of USD 5 billion to set up a green, environment-friendly integrated steel plant at Mundra, Gujarat, India. Additionally, in September 2022, India based JSW Steel Group collaborated with Germany's SMS group to invest USD 1.26 billion to reduce carbon emissions at its plants. Under this collaboration, SMS group would offer its technology experts, design, engineering consultancy and commissioning to execute various projects for decarbonization across the Plants of JSW Group. Also, increase in in government investment and collaboration between market players and growing carbon emissions from steel industries would create a lucrative growth prospectus for the market over the forecast period. However, high production cost associated with Green Steel and infrastructural constraints stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Green Steel Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the market in terms of revenue, owing to the increasing investment from leading market players and favorable initiatives from government authorities to promote low carbon emissions in steel production. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising demand for sustainable building & construction materials and increasing number of collaborations between leading market players in the region.

Major market players included in this report are:

H2 Green Steel

Tata Steel Ltd.

Tenaris S.A.

ThyssenKrupp AG

Emirates Steel Arkan

Green Steel Group

Deutsche Edelstahlwerke Services

Arcelor Mittal S.A.

Jindal Steel and Power

United States Steel Corp (USSC)

Recent Developments in the Market:

In October 2022, H2 Green Steel received conditional commitment letters for USD 3.44 billion in senior debt with AB Svensk Exportkredit (SEK) and other European commercial banks including BNP Paribas, ING, UniCredit, Societe Generale and KfW IPEX-Bank.
In July 2022, Zurich, Switzerland based Hitachi Energy signed a Memorandum of Understanding (MoU) with Sweden based H2 Green Steel to leverage electrification, digitalization, and hydrogen to facilitate the decarbonization of the steel industry.

Global Green Steel Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Energy Source, Type, End-User, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Energy Source

Hydrogen

Coal Gasification

Electricity

By Type

Electric Arc Furnace (EAF)

Molten Oxide Electrolysis (MOE)

By End-User

Construction

Automotive

Electronics

Others

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

RoLA

Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Green Steel Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Green Steel Market, by Energy Source, 2019-2029 (USD Billion)
- 1.2.3. Green Steel Market, by Type, 2019-2029 (USD Billion)
- 1.2.4. Green Steel Market, by End-User, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Green Steel Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Green Steel Market Dynamics

3.1. Green Steel Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing demand for sustainable construction materials
  - 3.1.1.2. Growing investment in green production of steel
- 3.1.2. Market Challenges
  - 3.1.2.1. High production cost associated with Green Steel
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increase in government investment and collaboration between market players
  - 3.1.3.2. Growing carbon emission from steel industries

Chapter 4. Global Green Steel Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Green Steel Market, by Energy Source

6.1. Market Snapshot
6.2. Global Green Steel Market by Energy Source, Performance - Potential Analysis
6.3. Global Green Steel Market Estimates & Forecasts by Energy Source 2019-2029 (USD Billion)
6.4. Green Steel Market, Sub Segment Analysis
- 6.4.1. Hydrogen
- 6.4.2. Coal Gasification
- 6.4.3. Electricity

Chapter 7. Global Green Steel Market, by Type

7.1. Market Snapshot
7.2. Global Green Steel Market by Type, Performance - Potential Analysis
7.3. Global Green Steel Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
7.4. Green Steel Market, Sub Segment Analysis
- 7.4.1. Electric Arc Furnace (EAF)
- 7.4.2. Molten Oxide Electrolysis (MOE)

Chapter 8. Global Green Steel Market, by End-User

8.1. Market Snapshot
8.2. Global Green Steel Market by End-User, Performance - Potential Analysis
8.3. Global Green Steel Market Estimates & Forecasts by End-User 2019-2029 (USD Billion)
8.4. Green Steel Market, Sub Segment Analysis
- 8.4.1. Construction
- 8.4.2. Automotive
- 8.4.3. Electronics
- 8.4.4. Others

Chapter 9. Global Green Steel Market, Regional Analysis

9.1. Green Steel Market, Regional Market Snapshot
9.2. North America Green Steel Market
- 9.2.1. U.S. Green Steel Market
  - 9.2.1.1. Energy Source breakdown estimates & forecasts, 2019-2029
  - 9.2.1.2. Type breakdown estimates & forecasts, 2019-2029
  - 9.2.1.3. End-User breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Green Steel Market
9.3. Europe Green Steel Market Snapshot
- 9.3.1. U.K. Green Steel Market
- 9.3.2. Germany Green Steel Market
- 9.3.3. France Green Steel Market
- 9.3.4. Spain Green Steel Market
- 9.3.5. Italy Green Steel Market
- 9.3.6. Rest of Europe Green Steel Market
9.4. Asia-Pacific Green Steel Market Snapshot
- 9.4.1. China Green Steel Market
- 9.4.2. India Green Steel Market
- 9.4.3. Japan Green Steel Market
- 9.4.4. Australia Green Steel Market
- 9.4.5. South Korea Green Steel Market
- 9.4.6. Rest of Asia Pacific Green Steel Market
9.5. Latin America Green Steel Market Snapshot
- 9.5.1. Brazil Green Steel Market
- 9.5.2. Mexico Green Steel Market
- 9.5.3. Rest of Latin America Green Steel Market
9.6. Rest of The World Green Steel Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies
10.2. Company Profiles
- 10.2.1. H2 Green Steel
  - 10.2.1.1. Key Information
  - 10.2.1.2. Overview
  - 10.2.1.3. Financial (Subject to Data Availability)
  - 10.2.1.4. Product Summary
  - 10.2.1.5. Recent Developments
- 10.2.2. Tata Steel Ltd.
- 10.2.3. Tenaris S.A.
- 10.2.4. ThyssenKrupp AG
- 10.2.5. Emirates Steel Arkan
- 10.2.6. Green Steel Group
- 10.2.7. Deutsche Edelstahlwerke Services
- 10.2.8. Arcelor Mittal S.A.
- 10.2.9. Jindal Steel and Power
- 10.2.10. United States Steel Corp (USSC)

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Green Steel Market, report scope
TABLE 2. Global Green Steel Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Green Steel Market estimates & forecasts by Energy Source 2019-2029 (USD Billion)
TABLE 4. Global Green Steel Market estimates & forecasts by Type 2019-2029 (USD Billion)
TABLE 5. Global Green Steel Market estimates & forecasts by End-User 2019-2029 (USD Billion)
TABLE 6. Global Green Steel Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Green Steel Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Green Steel Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Green Steel Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Green Steel Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Green Steel Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Green Steel Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Green Steel Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Green Steel Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Green Steel Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Green Steel Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Green Steel Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Green Steel Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Green Steel Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Green Steel Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Green Steel Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Green Steel Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Green Steel Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Green Steel Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Green Steel Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Green Steel Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Green Steel Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Green Steel Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Green Steel Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Green Steel Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Green Steel Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Green Steel Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Green Steel Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Green Steel Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Green Steel Market
TABLE 71. List of primary sources, used in the study of global Green Steel Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Green Steel Market, research methodology
FIG 2. Global Green Steel Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Green Steel Market, key trends 2021
FIG 5. Global Green Steel Market, growth prospects 2022-2029
FIG 6. Global Green Steel Market, porters 5 force model
FIG 7. Global Green Steel Market, pest analysis
FIG 8. Global Green Steel Market, value chain analysis
FIG 9. Global Green Steel Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Green Steel Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Green Steel Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Green Steel Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Green Steel Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Green Steel Market, regional snapshot 2019 & 2029
FIG 15. North America Green Steel Market 2019 & 2029 (USD Billion)
FIG 16. Europe Green Steel Market 2019 & 2029 (USD Billion)
FIG 17. Asia Pacific Green Steel Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Green Steel Market 2019 & 2029 (USD Billion)
FIG 19. Global Green Steel Market, company Market share analysis (2021)