Europe Sustainable (Recycled and Green) Steel Industry Research 2025: Circular Economy and Recycling, Technological Advancements and Rising R&D, Carbon Capture and Emission Reduction Gaining Traction - ResearchAndMarkets.com

The "Europe Sustainable (Recycled and Green) Steel Market: Focus on End-User Application, Product Type, Technology, and Country-Level Analysis - Analysis and Forecast, 2024-2034" report has been added to ResearchAndMarkets.com's offering.

The Europe sustainable (recycled and green) steel market was valued at $94.09 billion in 2024 and is projected to grow at a CAGR of 5.31%, reaching $157.86 billion by 2034

The growing need for low-carbon construction materials and stringent environmental laws are driving this expansion. Technological developments in steel production, such as improved recycling procedures and hydrogen-based reduction techniques, are major factors driving the market. Furthermore, the European steel industry is becoming more carbon-conscious and sustainable as a result of strategic alliances and investments in green infrastructure projects.

Market Overview

The market for sustainable steel in Europe is expanding as businesses move toward green, recycled, and low-carbon steel products to satisfy strict environmental standards and sustainability objectives. In order to lessen CO2 emissions and dependency on fossil fuels, this market includes carbon capture-integrated processes, bio-based steel production, green hydrogen-based steel (H2-DRI), and recycled steel (scrap-based production).

Steelmakers are being pushed toward more environmentally friendly options by major forces such as the European Green Deal, the Carbon Border Adjustment Mechanism (CBAM), and corporate net-zero targets. While investments in electric arc furnaces (EAFs) and direct reduced iron (DRI) technologies are driving market growth, the automotive, construction, and manufacturing industries are increasingly embracing sustainable steel to reduce their carbon footprint.

Despite its high growth potential, challenges such as high production costs, technological limitations, and the availability of green hydrogen impede rapid adoption. Nonetheless, a positive market environment is being created by encouraging policies, carbon pricing schemes, and rising end-user demand. Prominent firms like Voestalpine, SSAB, and Arcelor Mittal are making significant investments in environmentally friendly production techniques.

Due to innovation, regulatory support, and growing corporate commitments to green procurement, the sustainable steel market is expected to grow significantly as Europe approaches climate neutrality by 2050.

How can this report add value to an organization?

Growth/Marketing Strategy: The Europe sustainable steel market has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include product development.

Competitive Strategy: The key players in the Europe sustainable steel market analyzed and profiled in the study include manufacturers and recyclers. Additionally, a comprehensive competitive landscape such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

• ArcelorMittal
• H2 green steel
• SSAB AB
• Thyssenkrupp Steel Europe

Key Attributes:

Key Topics Covered:

Executive Summary

Scope and Definition

1 Markets

1.1 Trends: Current and Future Impact Assessment

1.1.1 Circular Economy and Recycling

1.1.2 Technological Advancements and Rising Research and Developments

1.1.3 Carbon Capture and Emission Reduction

1.2 Supply Chain Overview

1.2.1 Value Chain Analysis

1.2.2 Market Map

1.2.3 Pricing Forecast

1.3 Research and Development Review

1.3.1 Patent Filing Trend (by Number of Patents, Country)

1.4 Regulatory Landscape

1.5 Impact Analysis for Key Global Events- COVID-19 Pandemic, Russia/Ukraine War, or Middle East Crisis on Sustainable (Recycled and Green) Steel Market

1.5.1 COVID-19 Pandemic

1.5.2 Russia/Ukraine War or Middle East Crisis

1.6 Market Dynamics Overview

1.6.1 Market Drivers

1.6.1.1 Construction Industry's Shift toward Sustainable Materials

1.6.1.2 Government Regulations and Net-Zero Targets

1.6.1.3 Use of Renewable Energy Sources in Steel Production

1.6.2 Market Restraints

1.6.2.1 Limited Availability of Green Technologies and Infrastructure for Sustainable Steel Production

1.6.2.2 High Cost Associated with Implementing Green Steel Production Methods

1.6.3 Market Opportunities

1.6.3.1 Increasing Demand for Sustainable Infrastructure and Green Construction Projects

1.6.3.2 Rising Collaborations between Steel Producers and End Users

1.7 List of Key Steel Manufacturers and Their Net-Zero Targets

1.8 Start-Up Landscape

1.8.1 Key Start-Ups in the Ecosystem

1.9 Global Green Steel Projects and Developments

2 Regions

2.1 Regional Summary

2.2 Drivers and Restraints

2.3 Europe

2.3.1 Regional Overview

2.3.2 Driving Factors for Market Growth

2.3.3 Factors Challenging the Market

2.3.4 Application

2.3.5 Product

2.3.6 Europe (by Country)

2.3.6.1 Germany

2.3.6.1.1 Application

2.3.6.1.2 Product

2.3.6.2 Sweden

2.3.6.2.1 Application

2.3.6.2.2 Product

2.3.6.3 France

2.3.6.3.1 Application

2.3.6.3.2 Product

2.3.6.4 Italy

2.3.6.4.1 Application

2.3.6.4.2 Product

2.3.6.5 Spain

2.3.6.5.1 Application

2.3.6.5.2 Product

2.3.6.6 U.K.

2.3.6.6.1 Application

2.3.6.6.2 Product

2.3.6.7 Rest-of-Europe

2.3.6.7.1 Application

2.3.6.7.2 Product

3 Markets - Competitive Benchmarking & Company Profiles

3.1 Next Frontiers

3.2 Geographic Assessment

3.3 Company Profiles

3.3.1 ArcelorMittal

3.3.1.1 Overview

3.3.1.2 Top Products/Product Portfolio

3.3.1.3 Top Competitors

3.3.1.4 Target Customers/End Users

3.3.1.5 Key Personnel

3.3.1.6 Analyst View

3.3.1.7 Market Share, 2023

3.3.2 H2 Green Steel

3.3.3 SSAB AB

3.3.4 Thyssenkrupp Steel Europe

3.4 List of Other Key Sustainable Steel Manufacturers

3.4.1 LIBERTY Steel Group

3.4.2 Lech-Stahlwerke GmbH

3.4.3 voestalpine AG

3.4.4 Outokumpu

3.4.5 Blastr Green Steel AS

4 Research Methodology

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