Press release
Europe Green Steel Market to Reach USD 64.82 Billion by 2032, Driven by Hydrogen Innovation
Europe Green Steel Market
Europe's leading economies, including Germany, the U.K., France, and Sweden, are spearheading decarbonization initiatives by investing in low-CO2 technologies. As global pressure mounts to achieve the Paris Climate Agreement's target of limiting warming to 1.5°C, European steel manufacturers are racing to scale up pilot projects and commercial plants for green steel production.
Get a Free Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response): https://www.datamintelligence.com/download-sample/green-steel-market?utm_source=OpenPR&utm_campaign=Onkar
Key Highlights from the Report
➤ Europe Green Steel Market projected to grow at a CAGR of 63.2% through 2032.
➤ Hydrogen Direct Reduced Iron (DRI)-EAF technology will dominate, enabling 100% carbon-free steel.
➤ The automotive sector leads adoption as carmakers embrace sustainable materials.
➤ Germany, Sweden, and the U.K. drive growth through large-scale green steel investments.
➤ Renewable electricity plays a crucial role in powering next-gen carbon-neutral furnaces.
➤ Strategic alliances, such as those between Salzgitter AG, Sunfire, and Swiss Steel Group, are fueling commercialization efforts.
Market Segmentation
The Europe Green Steel Market is segmented by production technology and application.
By production technology, the market includes Renewable - Electric Arc Furnace (EAF), Hydrogen Direct Reduced Iron (DRI)-EAF, and molten oxide electrolysis. The Hydrogen DRI-EAF segment dominates due to its ability to achieve zero carbon emissions through the complete replacement of coal with hydrogen. This process utilizes renewable electricity to reduce iron ore and melt it into steel, ensuring a fossil-free output.
By application, the market covers automotive, building & construction, renewable energy infrastructure, home appliances, and others. The automotive sector leads consumption in Europe, where major OEMs such as Volkswagen, BMW, Ford, Renault, and Mercedes-Benz are incorporating green steel to achieve low-emission manufacturing. The construction and home appliance industries are emerging as growth drivers, as developers and manufacturers adopt low-carbon materials to meet strict EU sustainability standards.
Regional Insights
Europe remains the global hub for green steel innovation due to its strong policy framework, vast renewable energy infrastructure, and advanced industrial base. Germany leads the regional market, supported by well-established steel producers, early hydrogen adoption, and EU-supported green initiatives.
Sweden's H2 Green Steel project is a trailblazer, having secured over USD 4.57 billion in private equity and debt for production. The U.K. and France are expanding their green infrastructure through carbon-neutral steel plants and public-private partnerships. The European Research Council (ERC) has also invested over USD 2.8 million into hydrogen reduction projects, positioning the region at the center of the global green steel transformation.
Get Customization in the Report as Per Your Business Requirements: https://www.datamintelligence.com/customize/green-steel-market?utm_source=OpenPR&utm_campaign=Onkar
Market Dynamics
Market Drivers
The push toward decarbonization and circular economy principles is driving massive investments in hydrogen-based steel manufacturing. Governments and key players are actively funding R&D projects to commercialize EAF and molten electrolysis technologies. The automotive industry's climate neutrality goals further amplify demand for green steel as an essential raw material in vehicle production.
Market Restraints
High capital investment costs and the complex transition from fossil-based to hydrogen-based processes present key barriers. Limited availability of green hydrogen and renewable electricity adds strain to supply chains, while non-standardized regulations hinder uniform implementation across countries.
Market Opportunities
Rising adoption in automotive and construction sectors, combined with support from EU carbon neutrality programs, creates robust growth opportunities. As renewable energy capacity expands and green hydrogen prices decline, large-scale commercialization of carbon-free steel production is expected to accelerate.
Reasons to Buy the Report
✔ Comprehensive insights into Europe's rapidly evolving green steel ecosystem.
✔ Detailed segmentation covering technology, application, and region-specific outlook.
✔ Strategic evaluation of sustainability-driven government initiatives.
✔ Analysis of leading producers and collaborative green energy projects.
✔ Reliable market data and growth forecasts verified by DataM Intelligence.
Purchase This Exclusive Report at Just USD 5505 Only: https://www.datamintelligence.com/buy-now-page?report=green-steel-market?utm_source=OpenPR&utm_campaign=Onkar
Frequently Asked Questions (FAQs)
◆ How big is the Europe Green Steel Market in 2023?
◆ What is the projected growth rate of the Europe Green Steel Market through 2032?
◆ Which production technology offers 100% carbon-free steel manufacturing?
◆ Who are the key industry players leading the European green steel initiative?
◆ Which sectors are driving the demand for sustainable steel in Europe?
Company Insights
ArcelorMittal (Luxembourg)
Blastr Green Steel (Norway)
H2 Green Steel (Sweden)
LIBERTY Steel Group (U.K.)
Outokumpu (Finland)
Salzgitter AG (Germany)
SSAB (Sweden)
Swiss Steel Group (Switzerland)
Thyssenkrupp Steel (Germany)
Voestalpine AG (Austria)
Recent Developments:
February 2024: Hydnum Steel and Vale announced a MoU for an iron ore briquette plant in Spain, targeting 2.6 million tons annual capacity by 2030.
February 2024: Salzgitter AG and Octopus Energy signed a long-term PPA enabling green steel production.
December 2023: Salzgitter AG and Sunfire partnered with TU Bergakademie Freiberg to scale SOEC electrolysis for industrial hydrogen production.
June 2023: Swiss Steel Group partnered with KNIPEX to supply Green Steel Climate+, marking a milestone for tool manufacturing sustainability.
Conclusion
The Europe Green Steel Market is on the verge of transformative growth, driven by climate-neutral initiatives, breakthrough hydrogen technologies, and large-scale industrial collaborations. Government-backed programs and rising private capital investments are accelerating the transition to carbon-free steel manufacturing. Over the next decade, Europe is expected to emerge as the global leader in sustainable metallurgy, setting new benchmarks in low-emission production and paving the way for a truly green industrial revolution.
Contact Us
Mr. Sai Kiran
DataM Intelligence 4market Research LLP Ground floor
DSL Abacus IT Park, Industrial Development Area
Uppal, Hyderabad, Telangana 500039
USA: +1 877-441-4866
Email: Sai.k@datamintelligence.com
Visit Our Website: https://www.datamintelligence.com
About Us
DataM Intelligence 4Market Research is a comprehensive market intelligence platform offering syndicated and customized reports along with expert consulting across multiple industries, including chemicals, healthcare, agriculture, food & beverages, and more. With extensive experience and a strategy-focused approach, DataM provides businesses and individuals with reliable market insights, statistical forecasts, and personalized research solutions to help them make informed decisions and successfully bring innovations to market.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Europe Green Steel Market to Reach USD 64.82 Billion by 2032, Driven by Hydrogen Innovation here
News-ID: 4224700 • Views: …
More Releases from DataM Intelligence 4Market Research LLP
Europe Confectionery Packaging Market to Reach USD 4.11 Billion by 2030 Driven b …
According to DataM Intelligence, the Europe Confectionery Packaging Market stood at USD 3.51 billion in 2025 and is expected to reach USD 4.11 billion by 2030, growing at a CAGR of 3.2% during the forecast period. The market expansion is fueled by rising premiumization trends, smaller pack launches, and accelerating investments in sustainable and recyclable packaging solutions. With the introduction of EU Packaging and Packaging Waste Regulation (PPWR) and the…
Europe Textile Chemicals Market to Reach USD 5.11 Billion by 2032 Driven by Sust …
According to DataM Intelligence, the Europe Textile Chemicals Market is projected to reach USD 5.11 billion by 2032, driven by the growing adoption of sustainable textiles, eco-friendly manufacturing, and the continuous evolution of smart textile technologies. The demand for functional chemicals in textile finishing, dyeing, and printing is also expanding as industries shift to advanced and environmentally conscious production methods. The sector plays a vital role in enhancing fabric quality…
U.S. Tissue Engineering Market to Reach USD 8.1 Billion in 2023, Driven by Regen …
According to DataM Intelligence, the U.S. Tissue Engineering Market was valued at USD 8.1 billion in 2023 and is projected to grow at a CAGR of 13.4% from 2024 to 2030. The robust growth is primarily driven by rising demand for complex, regenerative treatment solutions targeting chronic diseases such as cardiovascular disorders, orthopedic impairment, and diabetes. Technological progress in biomaterials, 3D bioprinting, and stem cell research has redefined the tissue…
Europe Garden Equipment Market to Reach USD 3.97 Billion by 2030 Driven by Tech …
According to DataM Intelligence, the Europe Garden Equipment Market was valued at USD 2,313.61 million in 2022 and is expected to reach USD 3,975.21 million by 2030, registering a CAGR of 7.0% during the forecast period of 2023-2030. The market is experiencing robust growth due to rising consumer interest in gardening, eco-friendly lifestyles, and the rising perception of gardening as a leisure and wellness activity across European households. Increased adoption…
More Releases for Steel
Steel Beams Market is Booming Worldwide with Steel Dynamics, JSW Steel, JFE Stee …
HTF MI just released the Global Steel Beams Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major Giants in Steel Beams Market are:
ArcelorMittal (Luxembourg), Nippon Steel (Japan),…
Special Ball Bearing Steel Market : Eminent Players - Nippon Steel, Suzhou Steel …
Market Description -
Los Angeles, (United States) - The information made available in the Special Ball Bearing Steel report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work,…
Miscellaneous Steel Detailing | Steel Detailer | Steel Detailing Services
We provide the highest quality of finished projects in the industry. Boasting unmatched turnaround times, and superb accuracy. WorldSteel Detailings has onboard team of experienced steel detailers and engineers with a wide range of experience from industrial and commercial projects to high rise buildings. By using innovative technologies and latest softwares, our structural steel detailing team provides accurate services as per your requirements based on country standards.Our steel detailing professionals…
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in…
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in…
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in…
