Green Steel Market Disruption: The Role of Hydrogen and Circular Economy
The green steel market is experiencing a significant transformation, driven by increasing pressure to decarbonize the steel industry—a major global contributor to CO₂ emissions. Green steel refers to steel produced with reduced or zero carbon emissions, using renewable energy sources or alternative production methods such as hydrogen-based direct reduced iron (DRI). By 2032, the market is expected to witness exponential growth due to government regulations, ESG investment trends, and the rising demand for sustainable construction and manufacturing materials. Get a Free Sample Report - https://www.skyquestt.com/sample-request/green-steel-market Market Size and Growth Forecast The global green steel market is projected to grow at a compound annual growth rate (CAGR) exceeding 70% during 2025 and 2032. The market size is anticipated to surpass USD 403.2 billion by 2032, up from under USD 5.78 billion in 2024. This remarkable growth is fueled by: · ...