Green Steel

Green Steel Market Research Report: Forecast (2025-30)

By Energy Source: (Solar Energy, Wind Energy), By Production Technology: (Electric Arc Furnace, Molten Oxide Electrolysis), By End User: (Buildings & Construction, Automotive & Transportation, Electro Read more

  • Energy
  • Dec 2022
  • 207
  • EN77031

Market Definition

The green steel manufacturing process is the hydrogen-based direct reduction of iron ore. The process involves chemically reducing solid iron ore using green hydrogen to produce an intermediate product known as sponge iron. Various countries are expected to use green steel to reduce carbon footprints and achieve sustainable development goals in the future. It is made using green hydrogen derived from renewable sources without fossil fuels. The consumer & producers' propensity toward sustainable products & increasing government initiatives globally have contributed significantly toward bolstering the growth of the Global Green Steel market.

Market Insights

The Global Green Steel market is projected to grow at a CAGR of around 12% 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.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Hydrogen Production Ecosystem
    1. Global Demand for Hydrogen
    2. Regional Production Targets
  5. Global Green Steel Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  6. Global Green Steel Market Regulations & Policy
  7. Global Green Steel Market Timeline, 2020-2030
    1. Technological Development
    2. Production
    3. Patents
  8.  Global Green Steel Market Value Chain
    1. OEMs
    2. Production Technology & Equipment Developers
    3. Others
  9. Global Green Steel Market Consortium & Association, 2020-2030
  10. Global Green Steel Market Outlook, 2025-2030
    1. By Quantity (Tons) 
  11. Global Green Steel Market Development, By Region, 2020-2030
    1. Americas
      1. Market Size & Analysis, 2025-2030
      2. Country Wise Readiness for Green Steel
        1. By Quantity Sold (in Tons)
    2. Europe
      1. Market Size & Analysis, 2025-2030
        1. Country Wise Readiness for Green Steel
        2. By Quantity Sold (in Tons)
        3. The UK Green Steel Market Developments
          1. Steel Manufacturer Wise Plan for Decarbonization of Steel Plants
          2. Government Initiatives towards Green Steel
          3. Policies & Their Current Status
    3. Middle East & Africa
      1. Market Size & Analysis, 2025-2030
        1. Country Wise Readiness for Green Steel
        2. By Quantity Sold (in Tons)
    4. Asia-Pacific
      1. Market Size & Analysis, 2025-2030
        1. Country Wise Readiness for Green Steel
        2. By Quantity Sold (in Tons)
      2. China Green Steel Market Developments
        1. Steel Manufacturer Wise Plan for Decarbonization of Steel Plants
        2. Government Initiatives towards Green Steel
        3. Policies & Their Current Status
      3. India Green Steel Market Developments
        1. Steel Manufacturer Wise Plan for Decarbonization of Steel Plants
        2. Government Initiatives towards Green Steel
        3. Policies & Their Current Status
  12. Global Green Steel Market Development, By Production Technology, 2020-2030
    1.  Electric Arc Furnace
    2.  Molten Oxide Electrolysis
  13. Global Green Steel Market Development, By Energy Source, 2020-2030
    1.  Solar
    2.  Wind
    3. Others (Hydro, Biomass, etc)
  14. Global Green Steel Market Development, By End User, 2020-2030
    1.  Buildings & Construction
    2.  Automotive & Transportation
    3.  Electronics
    4.  Industrial Equipment
    5.  Others (FMCG, Defence, etc.)
  15. Global Green Steel Market Development, By OEM, 2020-2030
    1.  Green Steel Group
      1. Technological Developments
      2. Investments
      3. Production Plans
      4. Future Roadmap
    2.  H2 Green Steel
      1. Technological Developments
      2. Investments
      3. Production Plans
      4. Future Roadmap
    3.  Deutsche Edelstahlwerke
      1. Technological Developments
      2. Investments
      3. Production Plans
      4. Future Roadmap
    4.  Tata Steel
      1. Technological Developments
      2. Investments
      3. Production Plans
      4. Future Roadmap
    5.  HYBRIT
      1. Technological Developments
      2. Investments
      3. Production Plans
      4. Future Roadmap
    6.  Arcelor Mittal
      1. Technological Developments
      2. Investments
      3. Production Plans
      4. Future Roadmap
    7.  Emirates Steel
      1.  Technological Developments
      2.  Investments
      3.  Production Plans
      4.  Future Roadmap
    8.  Sheffield Forgemasters
      1.  Technological Developments
      2.  Investments
      3.  Production Plans
      4.  Future Roadmap
    9.  Celsa Steel UK
      1.  Technological Developments
      2.  Investments
      3.  Production Plans
      4.  Future Roadmap
    10. Liberty Steel
      1.  Technological Developments
      2.  Investments
      3.  Production Plans
      4.  Future Roadmap
    11. British Steel
      1.  Technological Developments
      2.  Investments
      3.  Production Plans
      4.  Future Roadmap
    12. Outokumpu
      1.  Technological Developments
      2.  Investments
      3.  Production Plans
      4.  Future Roadmap
    13. Voestalpine
      1.  Technological Developments
      2.  Investments
      3.  Production Plans
      4.  Future Roadmap
    14. Other Potential Players
      1.  Jindal Steel
      2.  Thyssenkrupp
      3.  Baowu Group
      4.  Others
  16. Disclaimer
Green Steel Market Segmentation
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