Sustainable Steel Market Overview
The global sustainable steel market is estimated to reach $795.8 billion in 2031, reveals the premium market intelligence study by CRI Report. The study also highlights that the market is set to witness a CAGR of 8.97% during the forecast period 2022-2031.
The sustainable steel market is expected to witness high growth during the forecast period 2022-2031. The demand for sustainable steel is increasing owing to strict environmental regulations and net zero emission policies.
USP of the Report
• Market ranking analysis based on product portfolios, recent developments, and regional spread
• Start-up landscape, including product adoption scenario
Analyst Perspective
According to Pooja Tanna, Lead Analyst, CRI Report, “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.”
Key Companies Operating in The Market
Key players in the global sustainable steel market analyzed and profiled in the study involve sustainable steel providers. Moreover, a detailed competitive benchmarking of the players operating in the global 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.
ArcelorMittal, POSCO, HBIS GROUP, NUCOR, Steel Dynamics, Gerdau S/A, CMC, Tata Steel, Boston Metals, and H2 Green Steel are some of the key players operating in the global sustainable steel market.
Key Questions Answered in the Report
• What are some of the major factors and trends that are impacting the sustainable steel market?
• How has COVID-19 impacted the consumption/production of the sustainable steel market globally?
• Which are the leading end-use applications that are rapidly adopting sustainable steel, and what are the buyer’s attributes toward the sustainable steel market in each country or region?
• What are the latest developments in various countries for the development of sustainable steel, and which are the key start-ups that are focusing on the development of sustainable steel?
• What are the various governmental regulations/initiatives that have increased the adoption of sustainable steel?
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