The global green steel market was valued at $200.0 million in 2022, and is projected to reach $364,493.53 million by 2032, registering a CAGR of 113.6% from 2023 to 2032. Green steel is produced without the use of fossil fuels. Instead of the conventional carbon-intensive production method of coal-fired power plants, it can be achieved by using low-carbon energy sources such as electricity, hydrogen or coal gasification.
Increasing awareness of environmentally friendly steel manufacturing in various sectors such as construction, automotive, and others is expected to boost the growth of the market. The industry is driven by market participants’ increased investments in greenfield ventures, collaborations, and strategic alliances to change their companies. The demand for green steel is driven by government assistance and investment in green steel manufacturing. According to the World Steel Association, 1,860 MT (million tons) of steel were produced globally in 2020, releasing an average of 1.851 tons of CO2 into the environment per day. To increase the global production of green steel, organizations have been forced to implement strategies and form alliances with commercial steel-making companies.
The high production cost of green steel, determined by renewable energy and electrolyze costs, product efficiency, and others, could pose challenges for the growth of the green steel market in the future.
A rise in government investment and collaboration between key market players is anticipated to provide lucrative opportunities for the growth of the green steel market. Growing partnerships in the Europe green steel market offer a bright future for the market in the coming years. For instance, in August 2020, SAAB, a Swedish steelmaker, announced a joint venture with LKAB & Utility Vattenfall to develop a hydrogen-based primary steel plant in Lulea, Sweden. Such expansion is anticipated to increase the demand for the green steel market.
The green steel market is segmented on the basis of type, end-user, and region. By type, the market is divided into electric arc furnaces (EAF) and molten oxide electrolysis (MOE). By end-user, the market is divided into construction, automotive, electronics, and others. Region-wise, the market is analyzed across North America, Europe, and Asia-Pacific. Major players that operate in the market have adopted key strategies such as product launches, partnerships, expansion, and collaboration to strengthen their market outreach and sustain the stiff competition in the market.
COMPETITION ANALYSIS
Key companies profiled in the green steel market report include Arcelor Mittal, Green Steel Group, H2 Green Steel, Emirates Steel, Jindal Steel and Power, JFE Steel, Nippon Steel, Posco, U.S. Steel, and Nucor

KEY BENEFITS FOR STAKEHOLDERS
-This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the green steel market analysis from 2022 to 2032 to identify the prevailing green steel market opportunities.
-The market research is offered along with information related to key drivers, restraints, and opportunities.
-Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
-In-depth analysis of the green steel market segmentation assists to determine the prevailing market opportunities.
-Major countries in each region are mapped according to their revenue contribution to the global market.
-Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
-The report includes the analysis of the regional as well as global green steel market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- End user preferences and pain points
- Installed Base analysis
- Go To Market Strategy
- Market share analysis of players by products/segments
- New Product Development/ Product Matrix of Key Players
- Additional company profiles with specific to client’s interest
- Additional country or region analysis- market size and forecast
- Average Selling Price Analysis / Price Point Analysis
- Brands Share Analysis
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Import Export Analysis/Data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- List of customers/consumers/raw material suppliers- value chain analysis
- Market share analysis of players at global/region/country level
- Per Capita Consumption Trends
- Product Consumption Analysis
- Reimbursement Scenario
- SWOT Analysis
- Volume Market Size and Forecast

KEY MARKET SEGMENTS

By Type
- Electric Arc Furnace (EAF)
- Molten Oxide Electrolysis (MOE)

By End Users
- Construction
- Automotive
- Electronics
- Others

By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Sweden
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- Key Market Players
- NIPPON STEEL CORPORATION
- Jindal Steel & Power Ltd.
- Emirates Steel Arkan
- U.S. Steel Corporation
- H2 Green Steel
- Arcelor Mittal
- JFE Steel Corporation
- Nucor Corporation (Nucor Tubular Products)
- Green Steel Group Inc.
- POSCO International