Top Companies in Green Steel Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Green Steel Market is projected to reach a value of USD 120004.8 Million by 2030 at a CAGR of 125.1% over the forecast period.
Vantage Market Research has recently published a new report on "Green Steel Market” Global Industry Assessment & Forecast to identify key trends and challenges. The report offers insights into the competitive landscape, prospects, and key investment considerations for businesses operating in Green Steel market. Some of the key statistics in the report highlight that Global Green Steel Market was valued at USD 182.7 Million in 2022 and is projected to reach a value of USD 120004.8 Million by 2030 at a CAGR of 125.1% over the forecast period. The global Green Steel market will continue to expand due to increased consumer awareness for sustainable energy and increased government initiatives for the same.
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The Global Green Steel market is dominated by well-known players are ArcelorMittal S.A. (Luxembourg), Voestalpine AG (Europe), SSAB AB (Sweden), ThyssenKrupp AG (Germany), Tata Steel Ltd. (India), Jindal Steel and Power Ltd. (India), Deutsche Edelstahlwerke Services GmbH (Germany), Salzgitter AG (Germany), United States Steel Corporation (U.S.) and Tenaris S.A. (Europe) to name a few.
Let’s Take a Look at the Top Market Players that are Captivating the Green Steel Market
- ArcelorMittal S.A. (Europe)
The business is a fully integrated steel producer. A variety of completed and semi-finished steel products are produced and sold by this company. Flat steel, including sheet and plate, and long steel, including bars, rods, and structural forms, are among the company's product offerings. ‘XCarb,’ a new programme of ArcelorMittal, is intended to achieve net-zero carbon emissions.
- Voestalpine AG (Europe)
The business is a producer and processor of steel. In addition to producing steel products, it also engages in metal engineering and metal forming operations. Steel plates and strips, as well as specialty items including steel-long goods, narrow strips, tool steel, high-speed steel, electrogalvanized steel strip. In addition, it produces precision steel tubes and pieces that are made to order. Voestalpine provides services to a number of industries, including the automobile, aerospace, railway, building, civil and mechanical engineering, and energy.
- SSAB AB (Sweden)
The company's product offerings includes sheets, plates, coils, metal coatings, tubes, sections, steel pipes and infrastructure items, round bars, and piles and infrastructure. the company sells steel products under the brand names Hardox, Strenx, Docol, GreenCoat, Armox, COR-TEN, Toolox, SSAB Boron, SSAB Domex, SSAB Form, SSAB Laser, SSAB Weathering, and SSAB Multisteel. A number of environmentally friendly steel products have also been introduced by the company, including its high-strength steel, which is stronger and lighter than conventional steel, and its Hardox wear plate, which is made from recycled steel and can be recycled once more after serving its purpose.
- ThyssenKrupp AG (Germany)
ThyssenKrupp AG operates in the automotive, trading, construction, engineering, energy and utilities, public sector, packaging, and other customer sectors as well as in the processing of steel and related materials. The use of hydrogen in the production of steel through the implementation of a new process called "Carbon2Chem," which uses carbon capture technology to produce hydrogen from the waste gases generated during the steelmaking process, is one of the key initiatives that ThyssenKrupp has taken on to reduce its carbon footprint. Also, the business has introduced a number of green steel products, including its iCARe high-strength steel.
- Tata Steel Ltd. (India)
The business sells bearings, agricultural tools, building materials, and flat goods. It offers services to the automotive, building, general engineering, industrial, and agricultural markets. The company serves worldwide clients.
- Jindal Steel and Power Ltd. (India)
The firm is a producer of steel, pellets, castings, sponge iron, and electricity. It also designs, constructs, develops, and manages power facilities. TMT bars, long track rails, heads hardened rails, parallel flange beams and columns, angles and channels, plates, coils, wire rods, cast round, and billets are all included in its steel product line. The corporation uses thermal, hydroelectric, and renewable energy sources to produce power.
- Deutsche Edelstahlwerke Services GmbH (Germany)
The company provides speciality steel products through production, processing, and distribution. The business targets the automotive, chemical, aerospace, traffic, power, and mechanical engineering, energy management, medical, and plant technology sectors with its products. Deutsche Edelstahlwerke serves worldwide clients.
- Salzgitter AG (Germany)
The company manufactures steel and goods linked to steel. Steel pipes and tubes are manufactured and distributed by the business. A comprehensive range of strip steel products, steel plates, beams, heavy plates, seamless and welded pipes, precision tubes, and seamless and welded tubes in various dimensions are all part of the product offering. The building, automotive, civil engineering, and mechanical engineering industries are the target markets for Salzgitter's goods.
- United States Steel Corporation (U.S.)
The business manufactures and distributes flat-rolled and tubular goods. Tubular products from USSC include steel casing and tubing, standard and line pipes, and mechanical tubing products. The company's flat-rolled product portfolio also includes slabs, sheets, strip mill plates, and tin mill products. A new EcoSmart Steel programme has been launched by the corporation. The program's goals are to speed up the company's switch to environmentally friendly steel production and offer environmentally friendly steel goods to customers.
- Tenaris S.A. (Europe)
The business produces steel pipe-related goods. It produces and sells seamless and welded steel tube goods, as well as providing related services. Casing, tubing, line pipe, and mechanical and structural pipes are among the company's main offerings. Tenaris provides services to engineering firms and oil and gas businesses building collection, processing, and power generation facilities for oil and gas.
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