Article -> Article Details
| Title | France Steel Market Size, Growth, Trends and Forecast 2025-2033 |
|---|---|
| Category | Business --> Chemicals |
| Meta Keywords | france steel market |
| Owner | Imarc |
| Description | |
| France Steel Market Overview Base Year: 2024 Historical Years: 2019-2024 Forecast Years: 2025-2033 Market Size in 2024: USD 30,695.70 Million Market Forecast in 2033: USD 40,863.06 Million Market Growth Rate (2025-33): 3.23% The France steel market size reached USD 30,695.70 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 40,863.06 Million by 2033, exhibiting a growth rate (CAGR) of 3.23% during 2025-2033. Growing demand from construction, automotive, and manufacturing industries, infrastructure projects, and increased focus on sustainable steel production are some of the factors contributing to France steel market share. Government policies, technological advancements, and rising investments in green initiatives further support the market’s growth and innovation. For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/france-steel-market/requestsample France Steel Market Trends and Drivers: The French steel sector is undergoing a fundamental change. The extreme focus on decarbonization, the advent of "green steel" does not only mean the survival under the pressure of tightening environmental regulation: the sector now faces a fundamental planned-oriented change in order to remain internationally competitive and sustainably positioned. Using its nuclear-driven low-carbon electricity mix, France can lead decarbonization across Europe. Major producers are switching to Electric Arc Furnace steelmaking. It is powered by scrap and renewable or nuclear energy. Substantial investments are being made in hydrogen-based DRI pilot plants for replacing coking coal as the reducing agent with green hydrogen, which could eliminate most of the current CO2 emissions of primary steelmaking. This pivot feeds into the new premium product category which is increasingly being demanded by the end-user sectors (for example, automotive, construction), which themselves are under pressure to reduce embedded carbon in their own respective value chains. The market is moving to price in verifiably low-carbon steel, and all players in the steel value chain are developing detailed roadmaps to decarbonize their operations if they are not to be left behind as this transition unfolds. The French steel industry is supported by demand from large-scale, state-funded infrastructure projects and upgrading of vehicle manufacturing. The "France 2030" investment plan and EU Green Deal Industrial Plan seeks to mobilize billions of euros of investments in steel-intensive industries that represent the backbone of the French industrial future. Next-generation transport networks (HST and urban transport networks) are growing to serve more of society. In this case, large amounts of rails, sections and reinforcement bar are needed. The nuclear power plants and offshore wind farms being built in the pursuit of energy sovereignty are also very steel intensive. The auto industry's rapid transition to EV vehicles is creating shifts in the automotive market for high-value steels. EV vehicles need less motor lamination steel but require Advanced High Strength Steels (AHSS) and electrical steels used in motors and transformers for the safety and performance of the vehicle. The change in demand is likely to generate a high quality market for some high value product steels, and also to insulate a part of the French market from commodity price cycles. The French steel industry re-orients its supply chain practices from a focus to globalization, cost and efficiency toward resilience and raw material security. Global supply chain shocks have shown the weak spots of long-distance supply chains for key raw materials like coking coal and ferrous scrap. This has resulted in a strong push for regionalization and circularity, which is being seen in the domestic market as there is now greater industry focus on circular economy with investments in scrap collection, sorting and processing infrastructure to ensure a high quality and reliable feedstock to supply the growing EAF-based fleet. This then creates a positive feedback loop, where decarbonisation allows more domestic scrap to be utilized. Additionally, European level policies, such as the Carbon Border Adjustment Mechanism (CBAM), are changing the nature of international trade, allowing domestic producers subject to stricter emissions regulations to compete with imported goods where production is carbon intensive. It will also discourage imports of low-priced, high-carbon steel and will lead to further concentration of supply sources between European producers of steel and steelmaking raw materials for prime scrap and DRI through vertical integration and horizontal cooperation. France Steel Market Industry Segmentation: Type Insights:
Product Insights:
Application Insights:
Regional Insights:
Competitive Landscape: The competitive landscape of the industry has also been examined along with the profiles of the key players. Request Customization: https://www.imarcgroup.com/request?type=report&id=38229&flag=C Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization. About Us: IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research. Contact Us: IMARC Group 134 N 4th St. Brooklyn, NY 11249, USA Email: sales@imarcgroup.com Tel No:(D) +91 120 433 0800 United States: +1-201971-6302 | |