Green Steel Market Size, Share, and Trends 2024 to 2034

The global green steel market size is calculated at USD 5.92 billion in 2025 and is forecasted to reach around USD 318.18 billion by 2034, accelerating at a CAGR of 55.70% from 2025 to 2034. The North America green steel market size surpassed USD 2.20 billion in 2024 and is expanding at a CAGR of 55.86% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 2639
  • Category : Chemical and Material

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Green Steel Market 

5.1. COVID-19 Landscape: Green Steel Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Green Steel Market, By Production Technology

8.1. Green Steel Market, by Production Technology

8.1.1 Molten Oxide Electrolysis

8.1.1.1. Market Revenue and Forecast

8.1.2. Electric Arc Furnace

8.1.2.1. Market Revenue and Forecast

Chapter 9. Global Green Steel Market, By Energy Source

9.1. Green Steel Market, by Energy Source

9.1.1. Wind Energy

9.1.1.1. Market Revenue and Forecast

9.1.2. Solar Energy

9.1.2.1. Market Revenue and Forecast

Chapter 10. Global Green Steel Market, By End-User 

10.1. Green Steel Market, by End-User

10.1.1. Automotive & Transportation

10.1.1.1. Market Revenue and Forecast

10.1.2. Building And Construction

10.1.2.1. Market Revenue and Forecast

10.1.3. Electronic Industrial Equipment

10.1.3.1. Market Revenue and Forecast

Chapter 11. Global Green Steel Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Production Technology

11.1.2. Market Revenue and Forecast, by Energy Source

11.1.3. Market Revenue and Forecast, by End-User

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Production Technology

11.1.4.2. Market Revenue and Forecast, by Energy Source

11.1.4.3. Market Revenue and Forecast, by End-User

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Production Technology

11.1.5.2. Market Revenue and Forecast, by Energy Source

11.1.5.3. Market Revenue and Forecast, by End-User

11.2. Europe

11.2.1. Market Revenue and Forecast, by Production Technology

11.2.2. Market Revenue and Forecast, by Energy Source

11.2.3. Market Revenue and Forecast, by End-User

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Production Technology

11.2.4.2. Market Revenue and Forecast, by Energy Source

11.2.4.3. Market Revenue and Forecast, by End-User

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Production Technology

11.2.5.2. Market Revenue and Forecast, by Energy Source

11.2.5.3. Market Revenue and Forecast, by End-User

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Production Technology

11.2.6.2. Market Revenue and Forecast, by Energy Source

11.2.6.3. Market Revenue and Forecast, by End-User

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Production Technology

11.2.7.2. Market Revenue and Forecast, by Energy Source

11.2.7.3. Market Revenue and Forecast, by End-User

11.3. APAC

11.3.1. Market Revenue and Forecast, by Production Technology

11.3.2. Market Revenue and Forecast, by Energy Source

11.3.3. Market Revenue and Forecast, by End-User

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Production Technology

11.3.4.2. Market Revenue and Forecast, by Energy Source

11.3.4.3. Market Revenue and Forecast, by End-User

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Production Technology

11.3.5.2. Market Revenue and Forecast, by Energy Source

11.3.5.3. Market Revenue and Forecast, by End-User

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Production Technology

11.3.6.2. Market Revenue and Forecast, by Energy Source

11.3.6.3. Market Revenue and Forecast, by End-User

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Production Technology

11.3.7.2. Market Revenue and Forecast, by Energy Source

11.3.7.3. Market Revenue and Forecast, by End-User

11.4. MEA

11.4.1. Market Revenue and Forecast, by Production Technology

11.4.2. Market Revenue and Forecast, by Energy Source

11.4.3. Market Revenue and Forecast, by End-User

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Production Technology

11.4.4.2. Market Revenue and Forecast, by Energy Source

11.4.4.3. Market Revenue and Forecast, by End-User

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Production Technology

11.4.5.2. Market Revenue and Forecast, by Energy Source

11.4.5.3. Market Revenue and Forecast, by End-User

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Production Technology

11.4.6.2. Market Revenue and Forecast, by Energy Source

11.4.6.3. Market Revenue and Forecast, by End-User

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Production Technology

11.4.7.2. Market Revenue and Forecast, by Energy Source

11.4.7.3. Market Revenue and Forecast, by End-User

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Production Technology

11.5.2. Market Revenue and Forecast, by Energy Source

11.5.3. Market Revenue and Forecast, by End-User

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Production Technology

11.5.4.2. Market Revenue and Forecast, by Energy Source

11.5.4.3. Market Revenue and Forecast, by End-User

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Production Technology

11.5.5.2. Market Revenue and Forecast, by Energy Source

11.5.5.3. Market Revenue and Forecast, by End-User

Chapter 12. Company Profiles

12.1. Deutsche Edelstahlwerke

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. SSAB

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Salzgitter AG

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. JSW Steel

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. ArcelorMittal

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. H2GreenSteel

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Hesteel Group

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Liberty Steel Group

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Nucor

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Voestalpine

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global green steel market size was accounted at USD 3.80 billion in 2024 and it is expected to reach around USD 318.18 billion by 2034.

The global green steel market is poised to grow at a CAGR of 55.70% from 2025 to 2034.

The major players operating in the green steel market are Deutsche Edelstahlwerke, SSAB, Salzgitter AG, JSW Steel, ArcelorMittal, H2GreenSteel, Hesteel Group, Liberty Steel Group, Nucor, Voestalpine and Others.

The driving factors of the green steel market are the rising CO2 emission and various government initiatives.

North America region will lead the global green steel market during the forecast period 2025 to 2034.

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