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Europe Sustainable Steel Market - Analysis and Forecast, 2022-2031

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    Report

  • 102 Pages
  • December 2023
  • Region: Europe
  • BIS Research
  • ID: 5914432
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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.

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
  • Celsa Group
  • H2 Green Steel


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Table of Contents

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 and Ukraine War on the Sustainable Steel Market
1.1.5 Ecosystem/Ongoing Programs
1.1.5.1 Associations
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
List of Figures
Figure 1: Sustainable Steel Market, $Billion, 2021-2031
Figure 2: Sustainable Steel Market (by End-Use Application), $Billion, 2021 and 2031
Figure 3: Sustainable Steel Market (by Product Type), $Billion, 2021 and 2031
Figure 4: Sustainable Steel Market (by Technology), $Billion, 2021 and 2031
Figure 5: Sustainable Steel Market (by Region), $Billion, 2021 and 2031
Figure 6: Supply Chain Analysis of the Sustainable Steel Market
Figure 7: Patent Analysis (by Year), January 2019-November 2022
Figure 8: Patent Analysis (by Status), January 2019-November 2022
Figure 9: Patents Filed by Leading Countries, January 2019-November 2022
Figure 10: Patents Granted to Leading Countries, January 2019-November 2022
Figure 11: Research Methodology
Figure 12: Top-Down and Bottom-Up Approach
Figure 13: Influencing Factors of the Sustainable Steel Market
Figure 14: Assumptions and Limitations
List of Tables
Table 1: Sustainable Steel Market Snapshot, $Billion, 2021 and 2031
Table 2: Key Market Developments
Table 3: Key Product Developments (2019-2021)
Table 4: Key Partnerships, Acquisitions, Collaborations, and Joint Ventures
Table 5: Sustainable Steel Market, Average Pricing Analysis, $/Ton, 2021-2031
Table 6: Sustainable Steel Market (by Region), Average Pricing Analysis, $/Ton, 2021-2031
Table 7: Sustainable Steel Market (by Product Type), Average Pricing Analysis, $/Ton, 2021-2031
Table 8: Green Steel Projects and Developments, by Company
Table 9: Sustainable Steel Market (by Region), Million Tons, 2021-2031
Table 10: Sustainable Steel Market (by Region), $Billion, 2021-2031
Table 11: Europe Sustainable Steel Market (by End-Use Application), Million Tons, 2021-2031
Table 12: Europe Sustainable Steel Market (by End-Use Application), $Billion, 2021-2031
Table 13: Europe Sustainable Steel Market (by Technology), Million Tons, 2021-2031
Table 14: Europe Sustainable Steel Market (by Technology), $Billion, 2021-2031
Table 15: Europe Sustainable Steel Market (by Country), Million Tons, 2021-2031
Table 16: Europe Sustainable Steel Market (by Country), $Billion, 2021-2031
Table 17: Germany Sustainable Steel Market (by End-Use Application), Million Tons, 2021-2031
Table 18: Germany Sustainable Steel Market (by End-Use Application), $Billion, 2021-2031
Table 19: Germany Sustainable Steel Market (by Technology), Million Tons, 2021-2031
Table 20: Germany Sustainable Steel Market (by Technology), $Billion, 2021-2031
Table 21: France Sustainable Steel Market (by End-Use Application), Million Tons, 2021-2031
Table 22: France Sustainable Steel Market (by End-Use Application), $Billion, 2021-2031
Table 23: France Sustainable Steel Market (by Technology), Million Tons, 2021-2031
Table 24: France Sustainable Steel Market (by Technology), $Billion, 2021-2031
Table 25: Italy Sustainable Steel Market (by End-Use Application), Million Tons, 2021-2031
Table 26: Italy Sustainable Steel Market (by End-Use Application), $Billion, 2021-2031
Table 27: Italy Sustainable Steel Market (by Technology), Million Tons, 2021-2031
Table 28: Italy Sustainable Steel Market (by Technology), $Billion, 2021-2031
Table 29: Spain Sustainable Steel Market (by End-Use Application), Million Tons, 2021-2031
Table 30: Spain Sustainable Steel Market (by End-Use Application), $Billion, 2021-2031
Table 31: Spain Sustainable Steel Market (by Technology), Million Tons, 2021-2031
Table 32: Spain Sustainable Steel Market (by Technology), $Billion, 2021-2031
Table 33: Rest-of-Europe Sustainable Steel Market (by End-Use Application), Million Tons, 2021-2031
Table 34: Rest-of-Europe Sustainable Steel Market (by End-Use Application), $Billion, 2021-2031
Table 35: Rest-of-Europe Sustainable Steel Market (by Technology), Million Tons, 2021-2031
Table 36: Rest-of-Europe Sustainable Steel Market (by Technology), $Billion, 2021-2031
Table 37: U.K. Sustainable Steel Market (by End-Use Application), Million Tons, 2021-2031
Table 38: U.K. Sustainable Steel Market (by End-Use Application), $Billion, 2021-2031
Table 39: U.K. Sustainable Steel Market (by Technology), Million Tons, 2021-2031
Table 40: U.K. Sustainable Steel Market (by Technology), $Billion, 2021-2031
Table 41: Product Matrix for Key Companies
Table 42: Market Share of Key Companies
Table 43: ArcelorMittal: Product Portfolio
Table 44: LIBERTY Steel Group: Product Portfolio
Table 45: Lech Stahlwerke GmbH: Product Portfolio
Table 46: Celsa Group: Product Portfolio
Table 47: H2 Green Steel: Product Portfolio

Executive Summary

The Europe sustainable steel market (excluding U.K.) is estimated to reach $165.9 billion by 2031, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 7.57% during the forecast period 2022-2031.

The Europe Sustainable Steel Market: Drivers and Challenges

One of the major factors for the growth and establishment of the sustainable steel market in this region is the introduction of stringent regulations mandated by the government, with a major focus on enhancing the overall product quality with reduced carbon footprints.

The disruption of the supply chain brought on by the COVID-19 outbreak poses difficulties for manufacturers and end users. Furthermore, the Russia-Ukraine war and global monetary tightening have also hampered the overall rate of economic growth in Europe.

USPs of report

  • Analysis of business drivers and challenges of the Europe Sustainable Steel Market
  • Detailed analysis of Sustainable Steel Market for Germany, France, Spain and Italy

Analyst’s Perspective on Sustainable Steel Market

The Principal Analyst states, 'Increasing focus on climate change is driving the transition of energy-intensive and carbon-intensive industries. Although recycled steel is a sustainable option and caters to various end-use applications, green steel is expected to be the best option for the decarbonization of the steel industry in the long term. Stringent regulations and ongoing technological advancements are expected to boost the adoption of sustainable steel in various end-use industries. The growth in the sustainable steel market is estimated to be robust during the forecast period.'

Some of the prominent names established in this market are:

  • ArcelorMittal
  • LIBERTY Steel Group
  • Lech Stahlwerke GmbH
  • Celsa Group
  • H2 Green Steel

Key Questions Answered in the Report

  • What are the major market drivers, challenges, and opportunities in the Europe sustainable steel market?
  • What are some of the key initiatives taken by the existing players to improve their market positioning and strategies adopted by new players entering the market space?

Companies Mentioned

  • ArcelorMittal
  • LIBERTY Steel Group
  • Lech Stahlwerke GmbH
  • Celsa Group
  • H2 Green Steel

Table Information

Report AttributeDetails
No. of Pages102
PublishedDecember 2023
Forecast Period2022 - 2031
Estimated Market Value ( USD ) in 2022 $ 86 Billion
Forecasted Market Value ( USD ) by 2031 $ 165.9 Billion
Compound Annual Growth Rate7.5%
Regions CoveredEurope
No. of Companies Mentioned5

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