MarkNtel Advisors recently published a detailed industry analysis of the Middle East and Africa Green Steel Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Middle East and Africa Green Steel Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Middle East and Africa Green Steel Market is projected to grow at a CAGR of around 38% during the forecast period, i.e., 2025-30.

Key Findings in Middle East and Africa Green Steel Market:

• Historical Analysis: 2020–2023
• Base Year: 2024
• Forecast Period: 2025–2030

Leading Market Players- Emirates Steel Arkan, Jindal Shaheed Iron & Steel LLC, Arcelor Mittal South Africa, Essar Group, Arab Steel Co., ThyssenKrupp AG, Qatar Steel, Voestalpine AG, Outokumpu Oyj  Middle East FZCO, EZZ Steel, Others,

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Middle East and Africa Green Steel industry?

Surging Proclivity Towards the Use of Green Steel in the Automotive Industry to Propel the Market Growth - The automotive sector is one of the major users of steel, hence providing an enormous opportunity for implementing green steel as an alternative to conventional steel in the production process to reduce their carbon footprint. According to World Steel Association, an average vehicle uses approximately 2000 pounds of steel, making the automobile sector a significant consumer of steel.

Automotive companies aim to clean every step of the entire production process of vehicles. Various automotive companies, like General Motors (GM), Honda, and Volvo, among various others, have shown keen interest in integrating green steel during the production of vehicles in the coming years. Therefore, green steel is expected to play a vital role in this transition which would strongly contribute to the growth of the Green Steel market in the forthcoming period. Along with this, several firms like Volvo, BMW, and Mercedes-Benz committed to reducing CO2 emissions per vehicle by 50% by 2030 compared to 2019, which is, projected to open an opportunity for providers of green steel. Therefore, the automotive industry holds immense opportunities for green steel & would become a lucrative area of investment for automakers in the coming years.

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 What segments define the Middle East and Africa Green Steel Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

By Production Technology

• Electric Arc Furnace
• Basic Oxygen Furnace
• Molten Oxide Electrolysis

 By Energy Source

• Solar
• Wind
• Other
• Renewable Energy Sources

According to report, Among these, solar energy is estimated to lead the share of the Middle East and Africa Green Steel Market owing to the strong potential of the growth of this sector in the region on account of the presence of sun-rich countries.

 By End User

• Buildings & Construction
• Automotive & Transportation
• Others

According to report, Of these, building & construction would create huge demand for green steel in the Middle East and Africa in the forecast years.

Explore the Complete Middle East and Africa Green Steel Market Analysis Report – https://www.marknteladvisors.com/research-library/mea-green-steel-market.html

Geographical Analysis: Middle East and Africa Green Steel Market

By Country

• The UAE
• Saudi Arabia
• Oman, Egypt
• South Africa
• Morocco
• Rest of The Middle East & Africa)

Middle East and Africa Green Steel Market Recent Development:

• In 2022, Emirates Steel Arkan (ESA) partnered with ITOCHU Corporation and JFE Steel to develop plans for the construction of a ferrous raw material production facility in Abu Dhabi. This was done to meet the growing demand for green steel in the region.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Middle East and Africa Green Steel Market?
• How is the Middle East and Africa Green Steel Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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