PR Newswire
Thu, August 10, 2023 at 9:15 PM GMT+3·4 min read
DUBLIN, Aug. 10, 2023 /PRNewswire/ — The “The Global Market for Green Steel 2023-2033” report has been added to ResearchAndMarkets.com’s offering.
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Green steel, a more sustainable and low-carbon alternative to traditional steel, is gaining traction as the steel industry seeks to reduce its environmental impact. With greenhouse gas emissions from steelmaking contributing to 8-9% of global fossil and industrial emissions, the development of green steel has become crucial to meet net-zero emission targets.
Green steel is produced using methods like hydrogen direct reduced iron, renewable energy, electrolysis, and carbon capture and storage, resulting in significantly lower lifetime emissions compared to conventional steelmaking. While green steel currently accounts for less than 1% of global steel production, the market is growing rapidly.
Thyssenkrupp AG recently secured a2 billion euros state subsidy from the German government for its proposed green steel production. Estimates suggest that green steel production could reach over 230 million tons by 2033, driven by decreasing costs and policy incentives.
Companies Mentioned in the report:
Agor Steel
Aperam BioEnergia
ArcelorMittal
Blastr Green Steel
Boston Metal
China Baowu Steel Group
GravitHy
Electra Steel
Hybrit Development
H2 Green Steel
IMP
JSW Steel
Magsort
Nippon Steel
Nucor
POSCO
Primetals
Reliance Steel
Salzgitter
SSAB
Steelanol
Sunvik Steels
Swiss Steel Group
Tata Steel
Thyssenkrupp
TKS
Triolex
Voestalpine
Void Metal
Report Contents Include:
Opportunities and challenges for green steel.
The role of hydrogen in green steel production.
Analysis of green steel production processes, including Hydrogen Direct Reduced Iron (DRI), Electrolysis, Carbon Capture and Storage/Use, Biochar replacing coke, Hydrogen Blast Furnace, Renewable energy-powered processes, Flash ironaking, Hydrogen Plasma Iron Ore Reduction, Ferrous Bioprocessing, and Microwave Processing.
Analysis of advanced materials in green steel, such as Composite electrodes, Solid oxide materials, Hydrogen storage metals, Carbon composite steels, Coatings and membranes, Sustainable binders, Iron ore catalysts, Biosteel metallics, Carbon capture materials, and Waste gas utilization.
Market analysis including prices, plants, market maps, SWOT analysis, market trends and opportunities, recent industry developments and innovations, market growth drivers, market challenges, and end-use industries including automotive, construction, machinery, electronics, etc.
Global market revenues, historical and forecast to 2033, segmented by end-use industry and region.
