Latest added Green Steel Market research study by Market Research Forecast offers detailed outlook and elaborates market review till 2030. The market Study is segmented by key regions that are accelerating the marketization. At present, the market players are strategizing and overcoming challenges of current scenario; some of the key players in the study are Ansteel Group (China),ArcelorMittal (Luxembourg),Boston Metal (U.S.),China Baowu Group (China),Cleveland-Cliffs (U.S.),H2 Green Steel (U.S.),Nippon Steel Corporation (Japan),Nucor Corporation (U.S.),Steel Dynamics, Inc. (U.S.),United States Steel Corporation (U.S.)} etc.
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The Green Steel Marketsize was valued at USD 0.98 USD Billion in 2023 and is projected to reach USD 35.80 USD Billion by 2032, exhibiting a CAGR of 67.2 % during the forecast period.
The latest edition of this report you will be entitled to receive additional chapter / commentary on latest scenario, economic slowdown and COVID-19 impact on overall industry. Further it will also provide qualitative information about when industry could come back on track and what possible measures industry players are taking to deal with current situation. Each of the segment analysis table for forecast period also high % impact on growth.
This research is categorized differently considering the various aspects of this market. It also evaluates the upcoming situation by considering project pipelines of company, long term agreements to derive growth estimates. The forecast is analyzed based on the volume and revenue of this market. The tools used for analyzing the Global Green Steel Market research report include SWOT analysis.
In June 2023- Mercedes-Benz and H2 Green Steel signed a binding agreement to deliver about 50,000 tons of steel annually, manufactured in Boden, northern Sweden.,In August 2022- H2 Green Steel and BMW Group signed an agreement on delivering CO2-reduced steel. The agreement includes recycling and end-of-life management measures.,In March 2023- Midrex Technologies, Inc., a subsidiary of Kobe Steel, announced to supply and construct the MIDREX Flex reduction plant for German company thyssenkrupp Steel Europe AG at its Duisburg site, with a production capacity of 2.5 million tons/year.,In May 2022- Kobe Steel launched a new product named “Kobenable Steel,” Japan's first blast furnace steel product with very low CO2 emissions during the blast furnace ironmaking process.,In October 2022- Jindal Steel and Power signed a MoU with Greenko to provide 1000 MW of carbon-free energy. Both have agreed to reduce carbon emissions to zero by 2035.}
Influencing Trend:
- Increasing Demand for Durable and Long-Lasting Construction Materials to Create Significant Opportunities
Market Growth Drivers:
- Increasing Emphasis on Environmentally Friendly and Energy Efficient Materials to Drive Industry Growth
The Global Green Steel segments and Market Data Break Down are illuminated below:
Production Technology: Renewable – Electric Arc Furnace (R-EAF,Application: Building & Construction, Automotive, Renewable Energy Infrastructure, Home Appliances, and Others}
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The regional analysis of Global Green Steel Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2021-2030.
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