Sustainable (Recycled and Green) Steel Market Overview
The global sustainable (recycled and green) steel market was valued at $329.83 billion in 2023 and is projected to grow at a CAGR of 8.52%, reaching $820.14 billion by 2034. This growth is driven by increasing demand for low-carbon construction materials and stringent environmental regulations. Innovations in steel production technologies, such as hydrogen-based reduction processes and recycling advancements, are key factors driving the market forward. Additionally, strategic partnerships and investments in green infrastructure projects are creating a robust market landscape, emphasizing the importance of sustainability and reducing carbon footprints in the steel industry.
The key data points taken from secondary research include:
• segmentations and percentage shares
• data for market value
• key industry trends of the top players of the market
• qualitative insights into various aspects of the market, key trends, and emerging areas of innovation
• quantitative data for mathematical and statistical calculationsKey Market Players and Competition Synopsis
The companies that are profiled in the sustainable steel market have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
Some of the prominent names in the sustainable steel market are:
• ArcelorMittal
• Commercial Metals Company (CMC)
• Gerdau S/A
• HBIS GROUP
• NIPPON STEEL CORPORATION
• Nucor Corporation
• Steel Dynamics
• Pascap Co. Inc.
• POSCO
• Radius Recycling, Inc.
• Tata Steel
• H2 green steel
• SSAB AB
• thyssenkrupp Steel Europe
• China Baowu Steel Group Corporation LimitedCompanies that are not a part of the aforementioned pool have been well represented across different sections of the report (wherever applicable).
Sustainable (Recycled and Green) Steel Market Forecast (2024-2034)
Table of Contents
Executive Summary
Scope and Definition
1 Markets
1.1 Trends: Current and Future Impact Assessment
1.1.1 Circular Economy and Recycling
1.1.2 Technological Advancements and Rising Research and Developments
1.1.3 Carbon Capture and Emission Reduction
1.2 Supply Chain Overview
1.2.1 Value Chain Analysis
1.2.2 Market Map
1.2.3 Pricing Forecast
1.3 Research and Development Review
1.3.1 Patent Filing Trend (by Number of Patents, Country)
1.4 Regulatory Landscape
1.5 Impact Analysis for Key Global Events- COVID-19 Pandemic,Russia/Ukraine War, or Middle East Crisis on Sustainable (Recycled and Green) Steel Market
1.5.1 COVID-19 Pandemic
1.5.2 Russia/Ukraine War or Middle East Crisis
1.6 Market Dynamics Overview
1.6.1 Market Drivers
1.6.1.1 Construction Industry's Shift toward Sustainable Materials
1.6.1.2 Government Regulations and Net-Zero Targets
1.6.1.3 Use of Renewable Energy Sources in Steel Production
1.6.2 Market Restraints
1.6.2.1 Limited Availability of Green Technologies and Infrastructure for Sustainable Steel Production
1.6.2.2 High Cost Associated with Implementing Green Steel Production Methods
1.6.3 Market Opportunities
1.6.3.1 Increasing Demand for Sustainable Infrastructure and Green Construction Projects
1.6.3.2 Rising Collaborations between Steel Producers and End Users
1.7 List of Key Steel Manufacturers and Their Net-Zero Targets
1.8 Start-Up Landscape
1.8.1 Key Start-Ups in the Ecosystem
1.9 Global Green Steel Projects and Developments
2 Application
2.1 Application Segmentation
2.2 Application Summary
2.2.1 Transportation
2.2.2 Building and Construction
2.2.3 Furniture and Appliances
2.2.4 Mechanical Equipment and Tools
2.2.5 Packaging
2.2.6 Others
3 Products
3.1 Product Segmentation
3.2 Product Summary
3.3 Sustainable Steel Market (by Product Type)
3.3.1 Recycled Steel
3.3.2 Green Steel
3.4 Sustainable Steel Market (by Technology)
3.4.1 Electric Arc Furnace (EAF)
3.4.2 Blast Furnace-Basic Oxygen Furnace (BF-BOF)
3.4.3 Others
3.5 Green Steel Market (by Technology)
3.5.1 Electric Arc Furnace (EAF)
3.5.1.1 Renewable – Electric Arc Furnace (R-EAF)
3.5.1.2 Hydrogen Direct Reduced Iron – Electric Arc Furnace (H2 DRI-EAF)
3.5.2 Others
4 Regions
4.1 Regional Summary
4.2 Drivers and Restraints
4.3 North America
4.3.1 Regional Overview
4.3.2 Driving Factors for Market Growth
4.3.3 Factors Challenging the Market
4.3.4 Application
4.3.5 Product
4.3.6 North America (by Country)
4.3.6.1 U.S.
...
4.4.6.2.2 Product
4.4.6.3 France
4.4.6.3.1 Application
4.4.6.3.2 Product
4.4.6.4 Italy
4.4.6.4.1 Application
4.4.6.4.2 Product
4.4.6.5 Spain
4.4.6.5.1 Application
4.4.6.5.2 Product
4.4.6.6 U.K.
4.4.6.6.1 Application
4.4.6.6.2 Product
4.4.6.7 Rest-of-Europe
4.4.6.7.1 Application
4.4.6.7.2 Product
4.5 Asia-Pacific
4.5.1 Regional Overview
4.5.2 Driving Factors for Market Growth
4.5.3 Factors Challenging the Market
4.5.4 Application
4.5.5 Product
4.5.6 Asia-Pacific (by Country)
4.5.6.1 China
4.5.6.1.1 Application
4.5.6.1.2 Product
...on
4.5.6.5.2 Product
4.5.6.6 Rest-of-Asia-Pacific
4.5.6.6.1 Application
4.5.6.6.2 Product
4.6 Rest-of-the-World
4.6.1 Regional Overview
4.6.2 Driving Factors for Market Growth
4.6.3 Factors Challenging the Market
4.6.4 Application
4.6.5 Product
4.6.6 Rest-of-the-World (by Region)
4.6.6.1 Middle East and Africa
4.6.6.1.1 Application
4.6.6.1.2 Product
4.6.6.2 South America
4.6.6.2.1 Application
4.6.6.2.2 Product
5 Markets - Competitive Benchmarking &
Company Profiles
5.1 Next Frontiers
5.2 Geographic Assessment
5.3 Company Profiles
5.3.1 ArcelorMittal
5.3.1.1 Overview
5.3.1.2 Top Products/Product Portfolio
5.3.1.3 Top Competitors
5.3.1.4 Target Customers/End Users
5.3.1.5 Key Personnel
5.3.1.6 Analyst View
5.3.1.7 Market Share, 2023
5.3.2 CMC
5.3.2.1 Overview
5.3.2.2 Top Products/Product Portfolio
5.3.2.3 Top Competitors
5.3.2.4 Target Customers/End Users
5.3.2.5 Key Personnel
5.3.2.6 Analyst View
5.3.2.7 Market Share, 2023
5.3.3 Gerdau S/A
...
5.3.7.7 Market Share, 2023
5.3.8 Pascap Co. Inc.
5.3.8.1 Overview
5.3.8.2 Top Products/Product Portfolio
5.3.8.3 Top Competitors
5.3.8.4 Target Customers
5.3.8.5 Key Personnel
5.3.8.6 Analyst View
5.3.8.7 Market Share, 2023
5.3.9 POSCO
5.3.9.1 Overview
...
5.3.10.1 Overview
5.3.10.2 Top Products/Product Portfolio
5.3.10.3 Top Competitors
5.3.10.4 Target Customers
5.3.10.5 Key Personnel
5.3.10.6 Analyst View
5.3.10.7 Market Share, 2023
5.3.11 Tata Steel
5.3.11.1 Overview
5.3.11.2 Top Products/Product Portfolio
5.3.11.3 Top Competitors
5.3.11.4 Target Customers/End Users
5.3.11.5 Key Personnel
5.3.11.6 Analyst View
5.3.11.7 Market Share, 2023
5.3.12 H2 Green Steel
5.3.12.1 Overview
5.3.12.2 Top Products/Product Portfolio
5.3.12.3 Top Competitors
5.3.12.4 Target Customers
5.3.12.5 Key Personnel
5.3.12.6 Analyst View
5.3.12.7 Market Share, 2023
5.3.13 SSAB AB
5.3.13.1 Overview
5.3.13.2 Top Products/Product Portfolio
5.3.13.3 Top Competitors
5.3.13.4 Target Customers
5.3.13.5 Key Personnel
5.3.13.6 Analyst View
5.3.13.7 Market Share, 2023
5.3.14 thyssenkrupp Steel Europe...
5.4.4.5 Key Personnel
5.4.4.6 Analyst View
5.4.4.7 Market Share, 2023
5.4.5 JSW
5.4.5.1 Overview
5.4.5.2 Top Products/Product Portfolio
5.4.5.3 Top Competitors
5.4.5.4 Target Customers/End Users
5.4.5.5 Key Personnel
5.4.5.6 Analyst View
5.4.5.7 Market Share, 2023
5.4.6 Outokumpu
5.4.6.1 Overview
5.4.6.2 Top Products/Product Portfolio
5.4.6.3 Top Competitors
5.4.6.4 Target Customers/End Users
5.4.6.5 Key Personnel
5.4.6.6 Analyst View
5.4.6.7 Market Share, 2023
5.4.7 Boston Metal
5.4.7.1 Overview
5.4.7.2 Top Products/Product Portfolio
5.4.7.3 Top Competitors
5.4.7.4 Target Customers/End Users
...
5.4.11.7 Market Share, 2023
5.4.12 Limelight Steel
5.4.12.1 Overview
5.4.12.2 Top Products/Product Portfolio
5.4.12.3 Top Competitors
5.4.12.4 Target Customers/End Users
5.4.12.5 Key Personnel
5.4.12.6 Analyst View
5.4.12.7 Market Share, 2023
5.4.13 Blastr Green Steel AS
5.4.13.1 Overview
5.4.13.2 Top Products/Product Portfolio
5.4.13.3 Top Competitors
5.4.13.4 Target Customers/End Users
5.4.13.5 Key Personnel
5.4.13.6 Analyst View
5.4.13.7 Market Share, 2023
5.4.14 ElectraSteel Incorporated
5.4.14.1 Overview
5.4.14.2 Top Products/Product Portfolio
5.4.14.3 Top Competitors
5.4.14.4 Target Customers/End Users
5.4.14.5 Key Personnel
5.4.14.6 Analyst View
5.4.14.7 Market Share, 2023
5.4.15 Element Zero
5.4.15.1 Overview
5.4.15.2 Top Products/Product Portfolio
5.4.15.3 Top Competitors
5.4.15.4 Target Customers/End Users
5.4.15.5 Key Personnel
5.4.15.6 Analyst View
5.4.15.7 Market Share, 2023
6 Research Methodology
6.1 Data Sources
6.1.1 Primary Data Sources
6.1.2 Secondary Data Sources
6.1.3 Data Triangulation
6.2 Market Estimation and ForecastGet a free sample report
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