Product Code: MCB1652SS
“The Europe Sustainable Steel Market (excluding U.K.) Expected to Reach $165.9 Billion by 2031.”
Introduction to Europe Sustainable Steel Market
The Europe sustainable steel market (excluding U.K.) is projected to reach $165.9 billion by 2031 from $86.0 billion in 2022, growing at a CAGR of 7.57% during the forecast period 2022-2031. The growth of the sustainable steel industry in the European market is expected to be driven by strict government regulations, carbon neutrality goals, and the desire for energy and cost efficiency by using recycled steel. In addition, market expansion is anticipated due to the increased demand for steel as well as the scarcity of energy and raw materials. But obstacles including incomplete separation and complex product design, which can lead to impurities in recycled steel, and high infrastructure and green hydrogen costs might make it expensive to produce green steel, which could impede the market's growth.
KEY MARKET STATISTICS |
Forecast Period | 2022 - 2031 |
2022 Evaluation | $86.0 Billion |
2031 Forecast | $165.9 Billion |
CAGR | 7.57% |
Market Introduction
Carbon neutrality goals, strict government regulations, and the growing need for affordable and energy-efficient solutions are driving a substantial development in the European market for sustainable steel. The sector wants to overcome the lack of raw materials and energy resources, with a focus on employing recycled steel. Still, there are issues, such as contaminants in recycled steel and the high cost of producing green steel because of infrastructure costs and the high cost of green hydrogen. Despite these obstacles, the industry is expected to grow as the area embraces the advantages of recycled and green steel solutions and keeps up its commitment to sustainability.
Market Segmentation:
Segmentation 1: by End-Use Application
- Transportation
- Building and Construction
- Furniture and Appliances
- Packaging
- Others
Segmentation 2: by Technology
- Electric Arc Furnace (EAF)
- Blast Furnace-Basic Oxygen Furnace (BF-BOF)
- Others
Segmentation 3: by Region
- Europe - Germany, France, Italy, Spain, and Rest-of-Europe
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different types of sustainable steel available and their potential in Europe region. Moreover, the study provides the reader with a detailed understanding of the different sustainable steel end-use applications in industries such as transportation, building and construction, furniture and appliances, packaging, and others.
Competitive Strategy: Key players in the Europe sustainable steel market analyzed and profiled in the study involve sustainable steel providers. Moreover, a detailed competitive benchmarking of the players operating in the sustainable steel market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.
Some of the prominent names established in this market are:
- ArcelorMittal
- LIBERTY Steel Group
- Lech Stahlwerke GmbH
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- Celsa Group
- H2 Green Steel
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Table of Contents
Executive Summary
Scope of the Study
1. Markets
- 1.1. Industry Outlook
- 1.1.1. Trends: Current and Future
- 1.1.1.1. Rising Investments in Green Technologies
- 1.1.1.2. Change in Business Models of Companies due to Climate Action
- 1.1.2. Supply Chain Analysis
- 1.1.3. Impact of COVID-19 on the Sustainable Steel Market
- 1.1.4. Impact of Russia - Ukraine War on the Sustainable Steel Market
- 1.1.5. Ecosystem/Ongoing Programs
- 1.2. Business Dynamics
- 1.2.1. Business Drivers
- 1.2.1.1. Stringent Regulations and Carbon Neutrality Targets
- 1.2.1.2. Energy and Cost Efficiency owing to the Use of Recycled Steel
- 1.2.1.3. Significant Increase in Steel Demand with Scarcity of Raw Materials and Energy
- 1.2.2. Business Challenges
- 1.2.2.1. Impurities due to Incomplete Separation and Complex Product Design
- 1.2.2.2. High Infrastructure Cost and Green Hydrogen Prices Curbing the Green Steel Developments
- 1.2.3. Business Strategies
- 1.2.3.1. Market Developments
- 1.2.3.2. Product Developments
- 1.2.4. Corporate Strategies
- 1.2.4.1. Partnerships, Acquisitions, Collaborations, and Joint Ventures
- 1.2.5. Business Opportunity
- 1.2.5.1. Increasing Demand for Green Steel across the Value Chain
- 1.2.5.2. Development of Economic and Environmental Technologies
- 1.3. Start-Up Landscape
- 1.3.1. Key Start-Ups in the Ecosystem
- 1.4. Patent Analysis
- 1.4.1. Patent Analysis (by Status)
- 1.4.2. Patent Analysis (by Leading Countries)
- 1.5. Global and Regional Level: Average Pricing Analysis
- 1.6. Green Steel Projects and Developments
2. Region
- 2.1. Europe
- 2.1.1. Market
- 2.1.1.1. Key Manufacturers/Suppliers in Europe
- 2.1.1.2. Business Challenges
- 2.1.1.3. Business Drivers
- 2.1.2. Application
- 2.1.2.1. Europe Sustainable Steel Market (by End-Use Application), Volume and Value Data
- 2.1.3. Product
- 2.1.3.1. Europe Sustainable Steel Market (by Technology), Volume and Value Data
- 2.1.4. Europe Sustainable Steel Market (by Country), Volume and Value Data
- 2.1.5. Europe (by Country)
- 2.1.5.1. Germany
- 2.1.5.1.1. Market
- 2.1.5.1.1.1. Buyers Attributes
- 2.1.5.1.1.2. Key Manufacturers/Suppliers in Germany
- 2.1.5.1.1.3. Business Challenges
- 2.1.5.1.1.4. Business Drivers
- 2.1.5.1.2. Application
- 2.1.5.1.2.1. Germany Sustainable Steel Market (by End-Use Application), Volume and Value Data
- 2.1.5.1.3. Product
- 2.1.5.1.3.1. Germany Sustainable Steel Market (by Technology), Volume and Value Data
- 2.1.5.2. France
- 2.1.5.2.1. Market
- 2.1.5.2.1.1. Buyers Attributes
- 2.1.5.2.1.2. Key Manufacturers/Suppliers in France
- 2.1.5.2.1.3. Business Challenges
- 2.1.5.2.1.4. Business Drivers
- 2.1.5.2.2. Application
- 2.1.5.2.2.1. France Sustainable Steel Market (by End-Use Application), Volume and Value Data
- 2.1.5.2.3. Product
- 2.1.5.2.3.1. France Sustainable Steel Market (by Technology), Volume and Value Data
- 2.1.5.3. Italy
- 2.1.5.3.1. Market
- 2.1.5.3.1.1. Buyers Attributes
- 2.1.5.3.1.2. Key Manufacturers/Suppliers in Italy
- 2.1.5.3.1.3. Business Challenges
- 2.1.5.3.1.4. Business Drivers
- 2.1.5.3.2. Application
- 2.1.5.3.2.1. Italy Sustainable Steel Market (by End-Use Application), Volume and Value Data
- 2.1.5.3.3. Product
- 2.1.5.3.3.1. Italy Sustainable Steel Market (by Technology), Volume and Value Data
- 2.1.5.4. Spain
- 2.1.5.4.1. Market
- 2.1.5.4.1.1. Buyers Attributes
- 2.1.5.4.1.2. Key Manufacturers/Suppliers in Spain
- 2.1.5.4.1.3. Business Challenges
- 2.1.5.4.1.4. Business Drivers
- 2.1.5.4.2. Application
- 2.1.5.4.2.1. Spain Sustainable Steel Market (by End-Use Application), Volume and Value Data
- 2.1.5.4.3. Product
- 2.1.5.4.3.1. Spain Sustainable Steel Market (by Technology), Volume and Value Data
- 2.1.5.5. Rest-of-Europe
- 2.1.5.5.1. Market
- 2.1.5.5.1.1. Buyers Attributes
- 2.1.5.5.1.2. Key Manufacturers/Suppliers in Rest-of-Europe
- 2.1.5.5.1.3. Business Challenges
- 2.1.5.5.1.4. Business Drivers
- 2.1.5.5.2. Application
- 2.1.5.5.2.1. Rest-of-Europe Sustainable Steel Market (by End-Use Application), Volume and Value Data
- 2.1.5.5.3. Product
- 2.1.5.5.3.1. Rest-of-Europe Sustainable Steel Market (by Technology), Volume and Value Data
- 2.2. U.K.
- 2.2.1. Market
- 2.2.1.1. Buyers Attributes
- 2.2.1.2. Key Manufacturers/Suppliers in the U.K.
- 2.2.1.3. Business Challenges
- 2.2.1.4. Business Drivers
- 2.2.2. Application
- 2.2.2.1. U.K. Sustainable Steel Market (by End-Use Application), Volume and Value Data
- 2.2.3. Product
- 2.2.3.1. U.K. Sustainable Steel Market (by Technology), Volume and Value Data
3. Markets-- Competitive Benchmarking & Company Profiles
- 3.1. Competitive Benchmarking
- 3.1.1. Competitive Position Matrix
- 3.1.2. Product Matrix for Key Companies
- 3.1.3. Market Share Analysis of Key Companies
- 3.2. Company Profiles
- 3.2.1. ArcelorMittal
- 3.2.1.1. Company Overview
- 3.2.1.1.1. Role of ArcelorMittal in the Sustainable Steel Market
- 3.2.1.1.2. Product Portfolio
- 3.2.1.1.3. Business Strategies
- 3.2.1.1.3.1. Market Development
- 3.2.1.1.3.2. Product Development
- 3.2.1.1.4. Corporate Strategies
- 3.2.1.1.4.1. Partnerships, Acquisitions, Collaborations, and Joint Ventures
- 3.2.1.1.5. R&D Analysis
- 3.2.1.1.6. Analyst View
- 3.2.2. LIBERTY Steel Group
- 3.2.2.1. Company Overview
- 3.2.2.1.1. Role of LIBERTY Steel Group in the Sustainable Steel Market
- 3.2.2.1.2. Product Portfolio
- 3.2.2.1.3. Business Strategies
- 3.2.2.1.3.1. Market Development
- 3.2.2.1.3.2. Product Development
- 3.2.2.1.4. Corporate Strategies
- 3.2.2.1.4.1. Partnerships, Acquisitions, Collaborations, and Joint Ventures
- 3.2.2.1.5. Analyst View
- 3.2.3. Lech Stahlwerke GmbH
- 3.2.3.1. Company Overview
- 3.2.3.1.1. Role of Lech Stahlwerke GmbH in the Sustainable Steel Market
- 3.2.3.1.2. Product Portfolio
- 3.2.3.1.3. Analyst View
- 3.2.4. Celsa Group
- 3.2.4.1. Company Overview
- 3.2.4.1.1. Role of Celsa Group in the Sustainable Steel Market
- 3.2.4.1.2. Product Portfolio
- 3.2.4.1.3. Business Strategies
- 3.2.4.1.3.1. Market Development
- 3.2.4.1.4. Analyst View
- 3.2.5. H2. Green Steel
- 3.2.5.1. Company Overview
- 3.2.5.1.1. Role of H2 Green Steel in the Sustainable Steel Market
- 3.2.5.1.2. Product Portfolio
- 3.2.5.1.3. Analyst View
4 Research Methodology