The sustainable steel market is expected to grow from an estimated USD 331.5 million in 2024 to USD 708.2 million in 2033, at a CAGR of 8.80%. Growing sustainable steel market : The market is fueled by higher global demand for environment-friendly and energy-efficient alternatives during the production of steel. In addition, this demand is augmented by increased stringency in regulations related to carbon emissions. End. It would thus be possible to reduce the environmental footprint with the shift taking place from old-fashioned ways of steel production, more energy-intensive, to sustainable ones, like using recycled steel, and increasing popularity of "green steel.
The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Sustainable Steel market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Sustainable Steel market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
SSAB, Tata Steel, ArcelorMittal, Nucor, U.S. Steel, Baosteel, POSCO, JFE Steel, Hyundai Steel, Thyssenkrupp
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Emergen Research has segmented the global Sustainable Steel market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
- End-User Application Outlook (Revenue, USD Million; 2020-2033)
- Transportation
- Building and Construction
- Furniture and Appliances
- Mechanical Equipment and Tools
- Packaging
- Others
- Product Type Outlook (Revenue, USD Million; 2020-2033)
- Recycled Steel
- Green Steel
- Technology Outlook (Revenue, USD Million; 2020-2033)
- Sustainable Steel
- Electric Arc Furnace (EAF)
- Blast Furnace-Basic Oxygen Furnace (BF-BOF)
- Others
- Green Steel
- Electric Arc Furnace (EAF)
- Renewable Electric Arc Furnace (R-EAF)
- Hydrogen Direct Reduced Iron Electric Arc Furnace (H2 DRI-EAF)
- Others
- Electric Arc Furnace (EAF)
- Sustainable Steel
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Sustainable Steel Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Sustainable Steel Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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