Green Steel Market 2030: Revolutionizing Construction and Automotive Sectors
Global Green Steel Market Overview The global green steel market was valued at USD 718.30 billion in 2024 and is projected to reach USD 766.76 billion by 2030, growing at a CAGR of 6.0% from 2025 to 2030. This growth is primarily driven by the increasing global demand for sustainable manufacturing practices and efforts to reduce carbon emissions within the steel industry. The market has undergone notable price fluctuations in recent years, influenced by both the availability and cost of raw materials and the pace at which new technologies are being adopted. In 2022, prices spiked due to heightened demand from environmentally conscious manufacturers and disruptions in the supply chain caused by geopolitical tensions. However, by 2023, prices began to stabilize, helped by technological advancements that improved production efficiency and the introduction of government incentives promoting the use of green steel. By 2024, prices declined slightly, reflecting broader market stabilizatio...