Company LogoDublin, Aug. 15, 2023 (GLOBE NEWSWIRE) — The "The Global Market for Green Steel 2023-2033" report has been added to ResearchAndMarkets.com's offering.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 a 2 billion euros state subsidy from the German government for its proposed green steel pruction. 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 SteelAperam BioEnergiaArcelorMittalBlastr Green SteelBoston MetalChina Baowu Steel GroupGravitHyElectra SteelHybrit DevelopmentH2 Green SteelIMPJSW SteelMagsortNippon SteelNucorPOSCOPrimetalsReliance SteelSalzgitterSSABSteelanolSunvik SteelsSwiss Steel GroupTata SteelThyssenkruppTKSTriolexVoestalpineVoid MetalReport 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 ironmaking, Hydrogen Plasma Iron Ore Reduction, Ferrous Bioprocessing, and Microwave Processing.Analysis of advanced materials in green steel, such as Composit lectrodes, 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.Story continuesKey Topics Covered:Research MethodologyList of AcronymsIntroductionThe Global Market for Green Steel4.1 Global Steel Production4.1.1 Steel Prices4.1.2 Green Steel Prices4.2 Green Steel Plants, Current and Planned4.3 Market Map4.4 SWOT Analysis4.5 Market Trends and Opportunities4.6 Recent Industry Developments and Innovation4.7 Market Growth Drivers4.8 Market Challenges4.9 End-use Indsties4.9.1 Automotive4.9.1.1 Motivation for Use4.9.1.2 Applications4.9.2 Construction4.9.2.1 Motivation for Use4.9.2.2 Applications4.9.3 Consumer Appliances4.9.3.1 Motivation for Use4.9.3.2 Applications4.9.4 Machinery4.9.4.1 Motivation for Use4.9.4.2 Applications4.9.5 Rail4.9.5.1 Motivation for Use4.9.5.2 Applications4.9.6 Packaging4.9.6.1 Motivation for Use4.9.6.2 Applications4.9.7 Electronics4.9.7.1 Motivation for Use4.9.7.2 Applications4.10 Global Market Revenues 2018-20334.10.1 Total Market 2018-20334.10.2 By End-use Industry4.10.3 By Region4.10.3.1 North America4.10.3.2 Europe4.10.3.3 Asia Pacific4.10.3.4 Middle East & Africa4.10.3.5 South America4.11 Competitive Landscape4.12 Future Market OutlookCompany Profiles (29 Company Profiles)ReferencesFor more information about this report visit https://www.researchandmarkets.com/r/5kavvoAbout ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We rovde you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900