United States Green Steel Market Growth 2025 | Sustainable Steelmaking & Hydrogen Technology Trends to 2031

DataM Intelligence has published a new research report on "Green Steel Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

Ford, a member of the World Economic Forum's First Movers Coalition launched at COP26, has pledged to incorporate 10% green steel into its production by 2030.

For example, a USD 13 million investment is being made to establish a research and development center for low-carbon raw materials. Additionally, Rio Tinto plans to collaborate with Japan's Nippon Steel to advance complementary technologies. The initiative aligns with Japan's 2050 climate goals, which include achieving net-zero emissions.

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Latest M&A Activity

The steel industry is undergoing significant consolidation with major deals such as Nippon Steel and U.S. Steel's M&A activity accelerating in North America, and Asian steelmakers partnering with European innovators in hydrogen-based steel production.

Strategic investments and acquisitions are focused on scaling green steel production facilities and integrating hydrogen direct reduction and electric arc furnace (EAF) technologies supported by renewable energy sources

Key Players:

H2 Green Steel, Tata Steel Ltd., ArcelorMittal, Voestalpine, Boston Metal, Nucor Corporation, SSAB, Nippon Steel Corporation, JFE Steel Corporation and Salzgitter AG.

Recent News and Market Trends

The global green steel market was valued at approximately US$ 201.3 million in 2022 and is projected to reach US$ 140,435.7 million by 2031, growing at a CAGR of 126.7% driven by increasing demand from construction, automotive, and renewable energy sectors.

Companies are transitioning from coal-based methods to hydrogen reduction and renewable-powered electric furnaces to reduce carbon emissions by up to 95% compared to traditional steelmaking.

Governmental policies, such as the EU's Carbon Border Adjustment Mechanism and the U.S. Inflation Reduction Act, are pivotal in incentivizing the deployment and consumption of green steel products.

Growth Forecast Projected:

The Global Green Steel Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Green Steel Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Type: (Electric Arc Furnace (EAF), Molten Oxide Electrolysis (MOE))

By Energy Resource: (Hydrogen, Coal Gasification and Electricity)

By End-User: (Construction, Automotive, Electronics, Industrial Equipment and Others)

Product Launches and Innovations

Steel Dynamics launched new lower-embodied-carbon steel offerings-BIOEDGETM and EDGETM-produced using electric arc furnace technology combined with renewable energy certificates to significantly reduce Scope 1 and 2 emissions.

Swedish firm Stegra is progressing with the development of Europe's first large-scale green steel plant, targeting five million tons annual production by 2030 using hydrogen-based reduction.

Innovations focus on novel green hydrogen integration, carbon capture and storage (CCS), and electrolysis-based steel production routes.

There is a growing focus on sustainable sourcing and circular economy principles in steel recycling and reuse.

Regional Analysis for Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Green Steel producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Green Steel revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

Q1: What is the current size of the Green Steel Market?

A: The Green Steel Market stood at US$ 201.3 million in 2022 and is set to experience remarkable growth, reaching US$ 140,435.7 million by 2031

Q2: How fast is the Green Steel Market growing?

A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 126.7% from 2025 to 2032

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