Global Quick Overview of the Green Steel Market Analysis

The objective of the Global Green Steel Market Research Report is to provide a detailed and useful data, and a geographical perspective for predictions of future. The recommendations included in the report are supposed to be insightful and actionable, offering a thorough understanding of the industry. Moreover, it includes a comprehensive table of contents, relevant data, and an analysis of numerous important aspects that have impacted the market.

According to the latest report analysis by MarkNtel Advisors, the Global Green Steel Market size is projected to grow at a CAGR of around 12.22% during the forecast period, 2025-30. This detailed study provides a detailed overview of the current market state, including market trends, opportunities, along with the recent developments. In-depth analysis of market share, size, forecast, and competitive landscape is also covered in this report that presents a clear picture of the industry with relevant statistical data.

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Global Green Steel Market 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.

 A Detailed Outlook of Green Steel Market Segmentation

The Market Segmentation analysis provides and accurate data of the industry to help the analysts make smart strategic investment decisions. Also, the prediction of the market is included for national, and level in the research. The study analyses latest trends of the industry from 2025-30 for each of the category. Different segments were used to classify the market for this study are listed below:

-By Production Technology

• Electric Arc Furnace
• Molten Oxide Electrolysis

-By Energy Source

• Solar
• Wind
• Others (Hydropower, Biomass energy, etc.)

-By End User

• Buildings & Construction
• Automotive & Transportation
• Electronics
• Industrial Equipment
• Others (FMCG, Defence, etc.)

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Geographical Analysis:

-By Region

• Americas
• Europe
• Asia-Pacific
• The 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. According to the European Commission, the steel industry is responsible for around 5% of CO2 emissions in the region & 7% globally, which is a major concern to be fixed to meet carbon emission goals. In order to address this, the long-term strategy by the European Union to make a climate-neutral Europe by 2050 is to be implemented, which would positively impact the market of green steel in the region. In line with this, many of the steel manufacturers in the countries such as Germany, Sweden, the UK, Norway, etc., are adopting effective solutions for clean steelmaking to support carbon-neutral targets.

Lead the Green Steel Market with a Deep Evaluation of the Competition

This report also includes accurate facts, figures, and market data into income assessments, and projections in the industry by using a wide range of statistical tools and knowledge about the market by the experts. Each notable market participant has a SWOT evaluation, a profile and a complementary Porter’s Five Forces analysis.

Moreover, to take the benefits of new opportunities, dominating players have been constantly realigning their systems, and methods of operation. We also evaluate major businesses that are influences on a geographical scale along with the small and medium-sized businesses that plays crucial role and have substantial opportunity for expansion in order to accurately reflect the levels of market competition.

The details on the following key players is presented in this section as:

• 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

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Global Green Steel Industry Recent Developments

• 2023: Essar Group's steel manufacturing operations in Saudi Arabia are carried out through a joint venture with Saudi Arabian Oil Company (Saudi Aramco), called the International Steel Services Inc. (ISSI).
• 2022: In the UAE, ArcelorMittal has a joint venture with the Dubai-based steel company, Conares, called Conares Metal Supply. The joint venture operates a steel manufacturing plant in the Jebel Ali Free Zone, producing a range of steel products such as pipes, tubes, and structural steel.

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

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Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

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 14.8 diverse industrial verticals.

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