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グリーンスチールの2030年までの市場予測:生産技術、エネルギー源、エンドユーザー、地域別の世界分析

Green Steel Market Forecasts to 2030 - Global Analysis By Production Technology, Energy Source, End User and by Geography


出版日
ページ情報
英文 200+ Pages
納期
2~3営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=144.06円
グリーンスチールの2030年までの市場予測:生産技術、エネルギー源、エンドユーザー、地域別の世界分析
出版日: 2024年09月06日
発行: Stratistics Market Research Consulting
ページ情報: 英文 200+ Pages
納期: 2~3営業日
GIIご利用のメリット
  • 全表示
  • 概要
  • 図表
  • 目次
概要

Stratistics MRCによると、世界のグリーンスチール市場は2024年に40億2,000万米ドルを占め、予測期間中のCAGRは53.6%で成長し、2030年には528億5,000万米ドルに達すると予想されています。

従来の製鉄プロセスと比べて炭素排出量を大幅に削減する技術で作られた鋼鉄は、グリーンスチールと呼ばれます。グリーンスチールを製造するために、従来の石炭ベースのプロセスは、通常、水素ベースの直接還元や太陽光発電や風力発電のような再生可能エネルギー源のような最先端技術に置き換えられます。さらに、グリーンスチールは二酸化炭素排出量を削減することで、世界有数の二酸化炭素排出源である鉄鋼業の環境への影響を緩和します。

世界鉄鋼協会によると、世界の鉄鋼業は化石燃料の使用による直接排出量の約7%を占めており、鉄鋼業の二酸化炭素排出量を削減するためにグリーンスチール技術の導入が急務であることが浮き彫りになっています。

環境に優しい製品に対する消費者の需要の高まり

持続可能性に向けた世界の動向は、産業慣行だけでなく消費者の嗜好をも変化させています。消費財、建設、自動車などのエンドユーザーは、環境に優しく持続可能な製品を求めるようになっています。グリーンスチールは、二酸化炭素排出量を大幅に削減できるため、従来のスチールに代わって急速に選ばれる素材となっています。さらに、カーボンニュートラルを誓約し、サプライチェーンに持続可能な材料を調達する大企業やブランドがこの動向を支えています。

生産コストの上昇

環境に配慮した製鋼プロセスに関連する高い生産コストは、グリーンスチール市場の主な障壁のひとつです。再生可能エネルギーによる電気アーク炉や水素ベースの直接還元などの技術には、多額の設備投資が必要です。水素や再生可能エネルギーのような、従来の製鉄で使用される石炭や天然ガスよりも現在高価な原料は、グリーンスチールの生産に頻繁に使用されます。さらに、グリーンスチールの生産に切り替えるには、新しい機械、インフラ、研究開発への多額の支出も必要となるため、価格はさらに上昇します。

水素を利用した鉄鋼生産の発展

水素を利用した鉄鋼生産技術の開拓は、グリーンスチール市場で最も有望な展望のひとつです。炭素の代わりに水素を還元剤として利用すれば、副生成物は水蒸気だけで、二酸化炭素の排出もほとんどなく、鉄鋼を生産することができます。この分野の研究と開発が進めば、水素を利用した鉄鋼生産はより効率的で経済的になると予想されます。さらに、グリーン水素製造への投資の増加や世界の水素経済の成長に伴い、水素の入手可能性や価格も上昇し、この技術が大規模に実現可能になると予想されます。

従来の鉄鋼メーカーとの強力なライバル関係

従来型の鉄鋼メーカーは、世界市場を独占できるコスト効率の高い生産方法を確立しているため、グリーンスチール市場にとって深刻な脅威となります。従来型の製鉄は、高炉と炭素ベースの還元プロセスに依存しているため、規模の経済、確立されたサプライチェーン、生産コストの削減という利点を享受しています。加えて、伝統的な鉄鋼メーカーはグリーンスチールよりも大幅に安い価格で製品を提供できるため、特にコストに敏感な市場では、グリーンスチールが価格で競争することは難しいです。

COVID-19の影響:

グリーンスチール市場はCOVID-19の大流行による影響を受けた。当初、世界経済の減速とサプライ・チェーンの問題が鉄鋼需要の減少とグリーン・テクノロジーへの投資の先送りを引き起こしました。多くの鉄鋼メーカーにとって、資金面での制約が障壁となり、高価なグリーンスチール生産技術の採用が遅れました。しかし、パンデミック(世界的大流行)の余波を受け、政府と産業界が堅牢で環境に配慮した慣行の重要性に気づいたため、持続可能性への移行はさらに加速しました。

予測期間中、電気アーク炉(EAF)セグメントが最大になると予想されます。

電気アーク炉(EAF)市場セグメントは、グリーンスチール市場で最大のシェアを占めています。再生可能エネルギー源の利用が可能で、鉄スクラップの利用効率が高いため、EAF技術はグリーンスチール生産の主要プレーヤーです。EAFは、従来の高炉とは対照的に、化石燃料を電力、理想的には太陽エネルギーや風力エネルギーのような再生可能エネルギーで発電された電力に置き換えることで、二酸化炭素排出量を大幅に削減する可能性を秘めています。さらに、この方法は温室効果ガスの排出を削減し、既存の鉄鋼をリサイクルすることで循環経済を促進するため、持続可能な製鉄プロセスにとって不可欠です。

風力分野が予測期間中最も高いCAGRが見込まれる

グリーンスチール市場の風力エネルギー分野は、最も高いCAGRで成長すると予想されます。電気アーク炉(EAF)やその他のグリーンスチール生産技術は、再生可能な電力の大量かつ安定した供給に依存しており、これが風力エネルギーが急成長している理由です。風力タービンは、温室効果ガスを大気中に放出することなく風力エネルギーを電力に変換するため、風力発電は鉄鋼生産の二酸化炭素排出量を削減する上で望ましい選択肢です。さらに、グリーンスチール業界では、風力発電のコスト低下、有利な政策、投資の増加により、風力発電技術の採用と成長が急増しています。

最大のシェアを持つ地域

グリーンスチールの市場シェアが最も高いのは欧州地域です。同地域は、持続可能性への揺るぎない献身と、炭素削減を奨励する厳格な法的枠組みにより、グリーンスチールの生産で世界をリードしてきました。炭素回収・貯留(CCS)と電気炉(EAF)は、欧州大陸の積極的な炭素排出削減目標と再生可能エネルギー・インフラへの多額の投資により、欧州で支持を得た最先端技術の一例です。さらに、欧州の強力な産業基盤とグリーンな政府政策は、より環境に優しい鉄鋼生産へのシフトにおける欧州のリーダーシップを強化しています。

CAGRが最も高い地域:

アジア太平洋地域はグリーンスチール市場において最も高いCAGRが見込まれます。同地域の成長は、急速な工業化、鉄鋼需要の増加、グリーン技術への大規模投資によって推進されています。中国やインドのような国々は、鉄鋼生産プロセスに持続可能な慣行を取り入れることに重点を置き、環境問題に取り組むと同時に、世界の排出量目標を達成しようとしています。さらに、アジア太平洋地域のグリーンスチール産業は、低カーボンフットプリントを支援し、再生可能エネルギー容量を拡大する政府の政策もあり、急速なペースで成長しています。

無料のカスタマイズサービス

本レポートをご購読のお客様には、以下の無料カスタマイズオプションのいずれかをご提供いたします:

  • 企業プロファイル
    • 追加市場プレーヤーの包括的プロファイリング(3社まで)
    • 主要企業のSWOT分析(3社まで)
  • 地域セグメンテーション
    • 顧客の関心に応じた主要国の市場推計・予測・CAGR(注:フィージビリティチェックによる)
  • 競合ベンチマーキング
    • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

  • 概要
  • ステークホルダー
  • 調査範囲
  • 調査手法
    • データマイニング
    • データ分析
    • データ検証
    • 調査アプローチ
  • 調査情報源
    • 1次調査情報源
    • 2次調査情報源
    • 前提条件

第3章 市場動向分析

  • 促進要因
  • 抑制要因
  • 機会
  • 脅威
  • エンドユーザー分析
  • 新興市場
  • COVID-19の影響

第4章 ポーターのファイブフォース分析

  • 供給企業の交渉力
  • 買い手の交渉力
  • 代替品の脅威
  • 新規参入業者の脅威
  • 競争企業間の敵対関係

第5章 世界のグリーンスチール市場:生産技術別

  • 水素ベースの鉄鋼生産
  • 電気アーク炉(EAF)
  • 炭素回収・貯留(CCS)
  • バイオマスベースの鉄鋼生産
  • 溶融酸化物電解(MOE)

第6章 世界のグリーンスチール市場:エネルギー源別

  • ソーラー
  • 水力
  • バイオマスエネルギー
  • その他のエネルギー源

第7章 世界のグリーンスチール市場:エンドユーザー別

  • 建築・建設
  • 自動車
  • 再生可能エネルギーインフラ
  • 家電製品
  • 産業機器
  • 消費財
  • 防衛
  • その他のエンドユーザー

第8章 世界のグリーンスチール市場:地域別

  • 北米
    • 米国
    • カナダ
    • メキシコ
  • 欧州
    • ドイツ
    • 英国
    • イタリア
    • フランス
    • スペイン
    • その他欧州
  • アジア太平洋
    • 日本
    • 中国
    • インド
    • オーストラリア
    • ニュージーランド
    • 韓国
    • その他アジア太平洋地域
  • 南米
    • アルゼンチン
    • ブラジル
    • チリ
    • その他南米
  • 中東・アフリカ
    • サウジアラビア
    • アラブ首長国連邦
    • カタール
    • 南アフリカ
    • その他中東とアフリカ

第9章 主な発展

  • 契約、パートナーシップ、コラボレーション、合弁事業
  • 買収と合併
  • 新製品発売
  • 事業拡大
  • その他の主要戦略

第10章 企業プロファイリング

  • Boston Metal
  • JFE Steel Corporation
  • Nippon Steel Corporation
  • Emirates Steel Arkan Group
  • Ansteel Group
  • Nucor Corporation(Nucor Tubular Products)
  • POSCO International
  • H2 Green Steel
  • Jindal Steel & Power Ltd
  • Green Steel Group Inc.
  • Swiss Steel Group
  • Arcelor Mittal
  • JSW Steel
  • Salzgitter AG
  • Voestalpine AG
図表

List of Tables

  • Table 1 Global Green Steel Market Outlook, By Region (2022-2030) ($MN)
  • Table 2 Global Green Steel Market Outlook, By Production Technology (2022-2030) ($MN)
  • Table 3 Global Green Steel Market Outlook, By Hydrogen-Based Steel Production (2022-2030) ($MN)
  • Table 4 Global Green Steel Market Outlook, By Electric Arc Furnace (EAF) (2022-2030) ($MN)
  • Table 5 Global Green Steel Market Outlook, By Carbon Capture and Storage (CCS) (2022-2030) ($MN)
  • Table 6 Global Green Steel Market Outlook, By Biomass-Based Steel Production (2022-2030) ($MN)
  • Table 7 Global Green Steel Market Outlook, By Molten Oxide Electrolysis (MOE) (2022-2030) ($MN)
  • Table 8 Global Green Steel Market Outlook, By Energy Source (2022-2030) ($MN)
  • Table 9 Global Green Steel Market Outlook, By Solar (2022-2030) ($MN)
  • Table 10 Global Green Steel Market Outlook, By Wind (2022-2030) ($MN)
  • Table 11 Global Green Steel Market Outlook, By Hydropower (2022-2030) ($MN)
  • Table 12 Global Green Steel Market Outlook, By Biomass Energy (2022-2030) ($MN)
  • Table 13 Global Green Steel Market Outlook, By Other Energy Sources (2022-2030) ($MN)
  • Table 14 Global Green Steel Market Outlook, By End User (2022-2030) ($MN)
  • Table 15 Global Green Steel Market Outlook, By Building & Construction (2022-2030) ($MN)
  • Table 16 Global Green Steel Market Outlook, By Automotive (2022-2030) ($MN)
  • Table 17 Global Green Steel Market Outlook, By Renewable Energy Infrastructure (2022-2030) ($MN)
  • Table 18 Global Green Steel Market Outlook, By Home Appliances (2022-2030) ($MN)
  • Table 19 Global Green Steel Market Outlook, By Industrial Equipment (2022-2030) ($MN)
  • Table 20 Global Green Steel Market Outlook, By FMCG (2022-2030) ($MN)
  • Table 21 Global Green Steel Market Outlook, By Defence (2022-2030) ($MN)
  • Table 22 Global Green Steel Market Outlook, By Other End Users (2022-2030) ($MN)
  • Table 23 North America Green Steel Market Outlook, By Country (2022-2030) ($MN)
  • Table 24 North America Green Steel Market Outlook, By Production Technology (2022-2030) ($MN)
  • Table 25 North America Green Steel Market Outlook, By Hydrogen-Based Steel Production (2022-2030) ($MN)
  • Table 26 North America Green Steel Market Outlook, By Electric Arc Furnace (EAF) (2022-2030) ($MN)
  • Table 27 North America Green Steel Market Outlook, By Carbon Capture and Storage (CCS) (2022-2030) ($MN)
  • Table 28 North America Green Steel Market Outlook, By Biomass-Based Steel Production (2022-2030) ($MN)
  • Table 29 North America Green Steel Market Outlook, By Molten Oxide Electrolysis (MOE) (2022-2030) ($MN)
  • Table 30 North America Green Steel Market Outlook, By Energy Source (2022-2030) ($MN)
  • Table 31 North America Green Steel Market Outlook, By Solar (2022-2030) ($MN)
  • Table 32 North America Green Steel Market Outlook, By Wind (2022-2030) ($MN)
  • Table 33 North America Green Steel Market Outlook, By Hydropower (2022-2030) ($MN)
  • Table 34 North America Green Steel Market Outlook, By Biomass Energy (2022-2030) ($MN)
  • Table 35 North America Green Steel Market Outlook, By Other Energy Sources (2022-2030) ($MN)
  • Table 36 North America Green Steel Market Outlook, By End User (2022-2030) ($MN)
  • Table 37 North America Green Steel Market Outlook, By Building & Construction (2022-2030) ($MN)
  • Table 38 North America Green Steel Market Outlook, By Automotive (2022-2030) ($MN)
  • Table 39 North America Green Steel Market Outlook, By Renewable Energy Infrastructure (2022-2030) ($MN)
  • Table 40 North America Green Steel Market Outlook, By Home Appliances (2022-2030) ($MN)
  • Table 41 North America Green Steel Market Outlook, By Industrial Equipment (2022-2030) ($MN)
  • Table 42 North America Green Steel Market Outlook, By FMCG (2022-2030) ($MN)
  • Table 43 North America Green Steel Market Outlook, By Defence (2022-2030) ($MN)
  • Table 44 North America Green Steel Market Outlook, By Other End Users (2022-2030) ($MN)
  • Table 45 Europe Green Steel Market Outlook, By Country (2022-2030) ($MN)
  • Table 46 Europe Green Steel Market Outlook, By Production Technology (2022-2030) ($MN)
  • Table 47 Europe Green Steel Market Outlook, By Hydrogen-Based Steel Production (2022-2030) ($MN)
  • Table 48 Europe Green Steel Market Outlook, By Electric Arc Furnace (EAF) (2022-2030) ($MN)
  • Table 49 Europe Green Steel Market Outlook, By Carbon Capture and Storage (CCS) (2022-2030) ($MN)
  • Table 50 Europe Green Steel Market Outlook, By Biomass-Based Steel Production (2022-2030) ($MN)
  • Table 51 Europe Green Steel Market Outlook, By Molten Oxide Electrolysis (MOE) (2022-2030) ($MN)
  • Table 52 Europe Green Steel Market Outlook, By Energy Source (2022-2030) ($MN)
  • Table 53 Europe Green Steel Market Outlook, By Solar (2022-2030) ($MN)
  • Table 54 Europe Green Steel Market Outlook, By Wind (2022-2030) ($MN)
  • Table 55 Europe Green Steel Market Outlook, By Hydropower (2022-2030) ($MN)
  • Table 56 Europe Green Steel Market Outlook, By Biomass Energy (2022-2030) ($MN)
  • Table 57 Europe Green Steel Market Outlook, By Other Energy Sources (2022-2030) ($MN)
  • Table 58 Europe Green Steel Market Outlook, By End User (2022-2030) ($MN)
  • Table 59 Europe Green Steel Market Outlook, By Building & Construction (2022-2030) ($MN)
  • Table 60 Europe Green Steel Market Outlook, By Automotive (2022-2030) ($MN)
  • Table 61 Europe Green Steel Market Outlook, By Renewable Energy Infrastructure (2022-2030) ($MN)
  • Table 62 Europe Green Steel Market Outlook, By Home Appliances (2022-2030) ($MN)
  • Table 63 Europe Green Steel Market Outlook, By Industrial Equipment (2022-2030) ($MN)
  • Table 64 Europe Green Steel Market Outlook, By FMCG (2022-2030) ($MN)
  • Table 65 Europe Green Steel Market Outlook, By Defence (2022-2030) ($MN)
  • Table 66 Europe Green Steel Market Outlook, By Other End Users (2022-2030) ($MN)
  • Table 67 Asia Pacific Green Steel Market Outlook, By Country (2022-2030) ($MN)
  • Table 68 Asia Pacific Green Steel Market Outlook, By Production Technology (2022-2030) ($MN)
  • Table 69 Asia Pacific Green Steel Market Outlook, By Hydrogen-Based Steel Production (2022-2030) ($MN)
  • Table 70 Asia Pacific Green Steel Market Outlook, By Electric Arc Furnace (EAF) (2022-2030) ($MN)
  • Table 71 Asia Pacific Green Steel Market Outlook, By Carbon Capture and Storage (CCS) (2022-2030) ($MN)
  • Table 72 Asia Pacific Green Steel Market Outlook, By Biomass-Based Steel Production (2022-2030) ($MN)
  • Table 73 Asia Pacific Green Steel Market Outlook, By Molten Oxide Electrolysis (MOE) (2022-2030) ($MN)
  • Table 74 Asia Pacific Green Steel Market Outlook, By Energy Source (2022-2030) ($MN)
  • Table 75 Asia Pacific Green Steel Market Outlook, By Solar (2022-2030) ($MN)
  • Table 76 Asia Pacific Green Steel Market Outlook, By Wind (2022-2030) ($MN)
  • Table 77 Asia Pacific Green Steel Market Outlook, By Hydropower (2022-2030) ($MN)
  • Table 78 Asia Pacific Green Steel Market Outlook, By Biomass Energy (2022-2030) ($MN)
  • Table 79 Asia Pacific Green Steel Market Outlook, By Other Energy Sources (2022-2030) ($MN)
  • Table 80 Asia Pacific Green Steel Market Outlook, By End User (2022-2030) ($MN)
  • Table 81 Asia Pacific Green Steel Market Outlook, By Building & Construction (2022-2030) ($MN)
  • Table 82 Asia Pacific Green Steel Market Outlook, By Automotive (2022-2030) ($MN)
  • Table 83 Asia Pacific Green Steel Market Outlook, By Renewable Energy Infrastructure (2022-2030) ($MN)
  • Table 84 Asia Pacific Green Steel Market Outlook, By Home Appliances (2022-2030) ($MN)
  • Table 85 Asia Pacific Green Steel Market Outlook, By Industrial Equipment (2022-2030) ($MN)
  • Table 86 Asia Pacific Green Steel Market Outlook, By FMCG (2022-2030) ($MN)
  • Table 87 Asia Pacific Green Steel Market Outlook, By Defence (2022-2030) ($MN)
  • Table 88 Asia Pacific Green Steel Market Outlook, By Other End Users (2022-2030) ($MN)
  • Table 89 South America Green Steel Market Outlook, By Country (2022-2030) ($MN)
  • Table 90 South America Green Steel Market Outlook, By Production Technology (2022-2030) ($MN)
  • Table 91 South America Green Steel Market Outlook, By Hydrogen-Based Steel Production (2022-2030) ($MN)
  • Table 92 South America Green Steel Market Outlook, By Electric Arc Furnace (EAF) (2022-2030) ($MN)
  • Table 93 South America Green Steel Market Outlook, By Carbon Capture and Storage (CCS) (2022-2030) ($MN)
  • Table 94 South America Green Steel Market Outlook, By Biomass-Based Steel Production (2022-2030) ($MN)
  • Table 95 South America Green Steel Market Outlook, By Molten Oxide Electrolysis (MOE) (2022-2030) ($MN)
  • Table 96 South America Green Steel Market Outlook, By Energy Source (2022-2030) ($MN)
  • Table 97 South America Green Steel Market Outlook, By Solar (2022-2030) ($MN)
  • Table 98 South America Green Steel Market Outlook, By Wind (2022-2030) ($MN)
  • Table 99 South America Green Steel Market Outlook, By Hydropower (2022-2030) ($MN)
  • Table 100 South America Green Steel Market Outlook, By Biomass Energy (2022-2030) ($MN)
  • Table 101 South America Green Steel Market Outlook, By Other Energy Sources (2022-2030) ($MN)
  • Table 102 South America Green Steel Market Outlook, By End User (2022-2030) ($MN)
  • Table 103 South America Green Steel Market Outlook, By Building & Construction (2022-2030) ($MN)
  • Table 104 South America Green Steel Market Outlook, By Automotive (2022-2030) ($MN)
  • Table 105 South America Green Steel Market Outlook, By Renewable Energy Infrastructure (2022-2030) ($MN)
  • Table 106 South America Green Steel Market Outlook, By Home Appliances (2022-2030) ($MN)
  • Table 107 South America Green Steel Market Outlook, By Industrial Equipment (2022-2030) ($MN)
  • Table 108 South America Green Steel Market Outlook, By FMCG (2022-2030) ($MN)
  • Table 109 South America Green Steel Market Outlook, By Defence (2022-2030) ($MN)
  • Table 110 South America Green Steel Market Outlook, By Other End Users (2022-2030) ($MN)
  • Table 111 Middle East & Africa Green Steel Market Outlook, By Country (2022-2030) ($MN)
  • Table 112 Middle East & Africa Green Steel Market Outlook, By Production Technology (2022-2030) ($MN)
  • Table 113 Middle East & Africa Green Steel Market Outlook, By Hydrogen-Based Steel Production (2022-2030) ($MN)
  • Table 114 Middle East & Africa Green Steel Market Outlook, By Electric Arc Furnace (EAF) (2022-2030) ($MN)
  • Table 115 Middle East & Africa Green Steel Market Outlook, By Carbon Capture and Storage (CCS) (2022-2030) ($MN)
  • Table 116 Middle East & Africa Green Steel Market Outlook, By Biomass-Based Steel Production (2022-2030) ($MN)
  • Table 117 Middle East & Africa Green Steel Market Outlook, By Molten Oxide Electrolysis (MOE) (2022-2030) ($MN)
  • Table 118 Middle East & Africa Green Steel Market Outlook, By Energy Source (2022-2030) ($MN)
  • Table 119 Middle East & Africa Green Steel Market Outlook, By Solar (2022-2030) ($MN)
  • Table 120 Middle East & Africa Green Steel Market Outlook, By Wind (2022-2030) ($MN)
  • Table 121 Middle East & Africa Green Steel Market Outlook, By Hydropower (2022-2030) ($MN)
  • Table 122 Middle East & Africa Green Steel Market Outlook, By Biomass Energy (2022-2030) ($MN)
  • Table 123 Middle East & Africa Green Steel Market Outlook, By Other Energy Sources (2022-2030) ($MN)
  • Table 124 Middle East & Africa Green Steel Market Outlook, By End User (2022-2030) ($MN)
  • Table 125 Middle East & Africa Green Steel Market Outlook, By Building & Construction (2022-2030) ($MN)
  • Table 126 Middle East & Africa Green Steel Market Outlook, By Automotive (2022-2030) ($MN)
  • Table 127 Middle East & Africa Green Steel Market Outlook, By Renewable Energy Infrastructure (2022-2030) ($MN)
  • Table 128 Middle East & Africa Green Steel Market Outlook, By Home Appliances (2022-2030) ($MN)
  • Table 129 Middle East & Africa Green Steel Market Outlook, By Industrial Equipment (2022-2030) ($MN)
  • Table 130 Middle East & Africa Green Steel Market Outlook, By FMCG (2022-2030) ($MN)
  • Table 131 Middle East & Africa Green Steel Market Outlook, By Defence (2022-2030) ($MN)
  • Table 132 Middle East & Africa Green Steel Market Outlook, By Other End Users (2022-2030) ($MN)
目次
Product Code: SMRC27089

According to Stratistics MRC, the Global Green Steel Market is accounted for $4.02 billion in 2024 and is expected to reach $52.85 billion by 2030 growing at a CAGR of 53.6% during the forecast period. Steel made with techniques that drastically cut carbon emissions when compared to conventional steelmaking processes is referred to as green steel. In order to produce green steel, conventional coal-based processes are usually replaced with cutting-edge technologies like hydrogen-based direct reduction and renewable energy sources like solar or wind power. Moreover, green steel reduces the carbon footprint, thereby mitigating the environmental impact of the steel industry, which is among the world's leading industrial sources of carbon dioxide emissions.

According to the World Steel Association, the global steel industry is responsible for approximately 7% of all direct emissions from the use of fossil fuels, highlighting the urgent need for the adoption of green steel technologies to reduce the sector's carbon footprint.

Market Dynamics:

Driver:

Increasing consumer demand for eco-friendly products

The global trend towards sustainability is changing industrial practices as well as consumer preferences. Consumer goods, construction, and automotive end users are among the industries where end users are increasingly looking for environmentally friendly, sustainable products. Green steel is quickly replacing conventional steel as a material of choice because it has a much smaller carbon footprint. Additionally, large companies and brands that pledge to become carbon neutral and source sustainable materials for their supply chains are supporting this trend.

Restraint:

Elevated production expenses

The high production costs linked to ecologically friendly steelmaking processes are one of the main barriers to the green steel market. Significant capital investment is needed for technologies like electric arc furnaces powered by renewable energy sources and hydrogen-based direct reduction. Inputs that are currently more expensive than traditional coal and natural gas used in conventional steelmaking, like hydrogen and renewable energy, are frequently used in the production of green steel. Furthermore, the switch to producing green steel also necessitates large expenditures in new machinery, infrastructure, and R&D, which raises prices even more.

Opportunity:

Development in steel production using hydrogen

The development of technologies for producing steel based on hydrogen presents one of the green steel market's most promising prospects. When hydrogen is utilized as a reducing agent instead of carbon, steel can be produced with only water vapor as a byproduct and with very little carbon dioxide emissions. It is anticipated that as this field of study and development advances, hydrogen-based steel production will become much more efficient and economical. Moreover, the availability and affordability of hydrogen are expected to rise in tandem with rising investments in green hydrogen production and the growth of a global hydrogen economy, rendering this technology more feasible on a large scale.

Threat:

Strong rivalry with conventional steel manufacturers

Traditional steel producers pose a serious threat to the green steel market because they have established cost-effective production methods that allow them to dominate the global market. Conventional steelmaking enjoys the advantages of economies of scale, well-established supply chains, and reduced production costs because it depends on blast furnaces and carbon-based reduction processes. Additionally, it is difficult for green steel to compete on price, particularly in cost-sensitive markets, because traditional steel producers can offer their products at significantly lower prices than green steel.

Covid-19 Impact:

The market for green steel was impacted by the COVID-19 pandemic. At first, the slowdown in the world economy and problems with the supply chain caused a decrease in the demand for steel and a postponement of investments in green technologies. Financial limitations were a barrier for many steel producers, which delayed the adoption of expensive green steel production techniques. However, the pandemic additionally expedited the transition towards sustainability, given that governments and industries realized the significance of robust and environmentally conscious practices in the aftermath of the pandemic.

The Electric Arc Furnace (EAF) segment is expected to be the largest during the forecast period

The Electric Arc Furnace (EAF) market segment has the largest share in the green steel market. Because of its ability to use renewable energy sources and its efficiency in using scrap steel, EAF technology is a key player in the production of green steel. EAFs, as opposed to conventional blast furnaces, have the potential to drastically lower carbon emissions by replacing fossil fuels with electricity-ideally electricity generated by renewable sources like solar or wind energy. Moreover, this method is essential to sustainable steelmaking processes because it reduces greenhouse gas emissions and promotes a circular economy by recycling pre-existing steel.

The Wind segment is expected to have the highest CAGR during the forecast period

The wind energy segment of the green steel market is anticipated to grow at the highest CAGR. Electric arc furnaces (EAFs) and other green steel production technologies depend on a large and consistent supply of renewable electricity, which is why wind energy is growing so quickly. Wind power is a desirable alternative for lowering the carbon footprint of steel production because wind turbines convert wind energy into electricity without releasing greenhouse gases into the atmosphere. Additionally, the green steel industry is seeing a surge in the adoption and growth of wind technology due to its falling costs, favourable policies, and growing investments.

Region with largest share:

The European region has the largest market share for green steel. The region has led the world in producing green steel because of its steadfast dedication to sustainability and strict legislative frameworks that encourage carbon reduction. Carbon capture and storage (CCS) and electric arc furnaces (EAFs) are examples of cutting-edge technologies that have gained traction in Europe due to the continent's aggressive carbon emission reduction targets and significant investments in renewable energy infrastructure. Furthermore, Europe's strong industrial base and pro-green government policies reinforce its leadership in the shift to more environmentally friendly steel production.

Region with highest CAGR:

The Asia-Pacific region is expected to have the highest CAGR in the green steel market. The region's growth is being propelled by its rapid industrialization, rising steel demand, and large investments in green technologies. Focusing on incorporating sustainable practices into their steel production processes, nations like China and India are attempting to meet global emissions targets while also addressing environmental issues. Moreover, the Asia-Pacific region's green steel industry is growing at a rapid pace, partly due to government policies that support lower carbon footprints and expand renewable energy capacity.

Key players in the market

Some of the key players in Green Steel market include Boston Metal, JFE Steel Corporation, Nippon Steel Corporation, Emirates Steel Arkan Group, Ansteel Group, Nucor Corporation (Nucor Tubular Products), POSCO International, H2 Green Steel, Jindal Steel & Power Ltd, Green Steel Group Inc., Swiss Steel Group, Arcelor Mittal, JSW Steel, Salzgitter AG and Voestalpine AG.

Key Developments:

In June 2024, JSW Energy said that it has inked power purchase agreements through its subsidiaries for wind and solar projects with a cumulative capacity of 1,325 MW. This includes 1,025 MW with Solar Energy Corporation of India Ltd (SECI) and 300 MW with Gujarat Urja Vikas Nigam Ltd (GUVNL), bringing the total locked-in capacity of the company to 13.6 GW.

In January 2024, Emirates Steel Arkan (ESA) recently announced that it has signed a 5-year, $2 billion contract with Bahrain Steel Company (BSC) to supply high-grade iron-ore pellets. The companies signed the agreement during the Integrated Industrial Partnership for Sustainable Economic Growth initiative, held recently in Bahrain.

In December 2023, Nippon Steel Corporation announced that they have entered into a definitive agreement pursuant to which NSC will acquire U. S. Steel in an all-cash transaction at $55.00 per share, representing an equity value of approximately $14.1 billion plus the assumption of debt, for a total enterprise value of $14.9 billion.

Production Technologies Covered:

  • Hydrogen-Based Steel Production
  • Electric Arc Furnace (EAF)
  • Carbon Capture and Storage (CCS)
  • Biomass-Based Steel Production
  • Molten Oxide Electrolysis (MOE)

Energy Sources Covered:

  • Solar
  • Wind
  • Hydropower
  • Biomass Energy
  • Other Energy Sources

End Users Covered:

  • Building & Construction
  • Automotive
  • Renewable Energy Infrastructure
  • Home Appliances
  • Industrial Equipment
  • FMCG
  • Defence
  • Other End Users

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 End User Analysis
  • 3.7 Emerging Markets
  • 3.8 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Green Steel Market, By Production Technology

  • 5.1 Introduction
  • 5.2 Hydrogen-Based Steel Production
  • 5.3 Electric Arc Furnace (EAF)
  • 5.4 Carbon Capture and Storage (CCS)
  • 5.5 Biomass-Based Steel Production
  • 5.6 Molten Oxide Electrolysis (MOE)

6 Global Green Steel Market, By Energy Source

  • 6.1 Introduction
  • 6.2 Solar
  • 6.3 Wind
  • 6.4 Hydropower
  • 6.5 Biomass Energy
  • 6.6 Other Energy Sources

7 Global Green Steel Market, By End User

  • 7.1 Introduction
  • 7.2 Building & Construction
  • 7.3 Automotive
  • 7.4 Renewable Energy Infrastructure
  • 7.5 Home Appliances
  • 7.6 Industrial Equipment
  • 7.7 FMCG
  • 7.8 Defence
  • 7.9 Other End Users

8 Global Green Steel Market, By Geography

  • 8.1 Introduction
  • 8.2 North America
    • 8.2.1 US
    • 8.2.2 Canada
    • 8.2.3 Mexico
  • 8.3 Europe
    • 8.3.1 Germany
    • 8.3.2 UK
    • 8.3.3 Italy
    • 8.3.4 France
    • 8.3.5 Spain
    • 8.3.6 Rest of Europe
  • 8.4 Asia Pacific
    • 8.4.1 Japan
    • 8.4.2 China
    • 8.4.3 India
    • 8.4.4 Australia
    • 8.4.5 New Zealand
    • 8.4.6 South Korea
    • 8.4.7 Rest of Asia Pacific
  • 8.5 South America
    • 8.5.1 Argentina
    • 8.5.2 Brazil
    • 8.5.3 Chile
    • 8.5.4 Rest of South America
  • 8.6 Middle East & Africa
    • 8.6.1 Saudi Arabia
    • 8.6.2 UAE
    • 8.6.3 Qatar
    • 8.6.4 South Africa
    • 8.6.5 Rest of Middle East & Africa

9 Key Developments

  • 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 9.2 Acquisitions & Mergers
  • 9.3 New Product Launch
  • 9.4 Expansions
  • 9.5 Other Key Strategies

10 Company Profiling

  • 10.1 Boston Metal
  • 10.2 JFE Steel Corporation
  • 10.3 Nippon Steel Corporation
  • 10.4 Emirates Steel Arkan Group
  • 10.5 Ansteel Group
  • 10.6 Nucor Corporation (Nucor Tubular Products)
  • 10.7 POSCO International
  • 10.8 H2 Green Steel
  • 10.9 Jindal Steel & Power Ltd
  • 10.10 Green Steel Group Inc.
  • 10.11 Swiss Steel Group
  • 10.12 Arcelor Mittal
  • 10.13 JSW Steel
  • 10.14 Salzgitter AG
  • 10.15 Voestalpine AG