Ground Granulated Blast-Furnace Slag (GGBFS) Market By Size, Share, and Forecast 2028

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	405.45 million tonnes
CAGR (2023-2028)	2.85%
Fastest Growing Segment	Bricks and Blocks
Largest Market	Asia Pacific

Market Overview

Global Ground Granulated Blast-Furnace Slag (GGBFS) Market has valued at 405.45 million tonnes in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 2.85% through 2028. Ground granulated blast furnace slag (GGBFS) is a valuable by-product derived from the production of raw iron. When added to concrete, GGBFS enhances its properties, including strength, workability, and durability. Unlike concrete without GGBFS, slag concrete develops its strength at a slower pace. The formation of GGBFS involves heating limestone, iron ore, and coke at a temperature of 1500°Celsius.The main constituents of blast furnace slag consist of CaO, SiO2, Al2O3, and MgO, along with other minor oxides present in small quantities. The utilization of granulated blast furnace slag significantly reduces the consumption of limestone, which serves as the primary raw material for cement production, by approximately 40%. For over a century, GGBFS has been widely used as a supplementary cementing material due to its remarkable cementitious and pozzolanic properties. Notably, it is the only component of concrete that contains appreciable quantities of sulfide.

GGBFS stands out as one of the most extensively researched and effective cement replacement materials in the manufacturing of concrete. As an eco-friendly and cost-effective building material, it serves as an ideal substitute for OPC cement. The market is driven by increased research and development efforts, as well as the introduction of various GGBFS products by key players.For instance, Tata Steel, a renowned company in India, is one of the leading manufacturers of Ground Granulated Blast Furnace Slag (GGBS). They are known for offering premium quality products that meet the highest industry standards. Furthermore, in July 2021, JFE Steel Corporation, in collaboration with prestigious academic institutions like Tohoku University and Nihon University, made a significant breakthrough. They developed an innovative and cutting-edge material called alkali-activated material (AAM). This groundbreaking development is expected to drive the demand for GGBFS even further during the forecast period. The introduction of AAM opens up new possibilities and applications for GGBFS, showcasing the continuous efforts and advancements in the field of construction materials.

Key Market Drivers

Growing Use of Ground Granulated Blast-Furnace Slag (GGBFS) in Road Construction

Ground Granulated Blast-Furnace Slag (GGBFS) has emerged as a highly sought-after and versatile material in the construction industry, especially in road construction. GGBFS, a byproduct of the iron-making process, possesses several beneficial properties that make it an ideal alternative to traditional construction materials.

One of the primary reasons for the increasing use of GGBFS in road construction is its remarkable ability to improve the strength and durability of concrete. When incorporated into cementitious mixtures, GGBFS not only enhances the immediate performance but also significantly enhances the long-term mechanical properties of the resulting concrete. This leads to a concrete that is more resistant to cracking, abrasion, and chemical attacks, ultimately extending the lifespan of road surfaces. By reducing the need for frequent repairs and maintenance, GGBFS helps to lower maintenance costs and enhance the overall quality of roads.

Moreover, GGBFS offers a sustainable solution that aligns with the growing emphasis on sustainability and environmental considerations in the construction industry. By utilizing a byproduct that would otherwise be discarded, GGBFS minimizes the amount of waste sent to landfills, significantly reducing the environmental impact of iron-making processes. Furthermore, the production of GGBFS requires less energy compared to traditional construction materials, leading to lower carbon emissions, and contributing to an eco-friendlier construction industry. Notably, GGBFS possesses unique physical and chemical properties that enhance the workability and performance of concrete mixtures. It improves the cohesiveness and flowability of fresh concrete, making it easier to handle and place during road construction.

Additionally, the use of GGBFS in concrete mixtures reduces the heat of hydration, mitigating the risk of thermal cracking and ensuring superior construction quality. In summary, GGBFS has revolutionized the construction industry, particularly in road construction, by offering enhanced strength, durability, sustainability, and workability. Its utilization not only improves the performance of concrete but also contributes to reducing environmental impact and promoting a more sustainable future for the construction industry.

Growing Demand of Strong and Durable Concrete Structures

The construction industry is experiencing a significant increase in demand for robust and long-lasting concrete structures that can withstand a wide range of environmental conditions while ensuring exceptional performance throughout their lifespan. To meet these evolving requirements, there has been a notable surge in the utilization of Ground Granulated Blast-Furnace Slag (GGBFS) as a fundamental component in concrete mixtures.

Concrete structures must endure heavy loads, extreme weather conditions, and chemical attacks over their operational lifespan. By incorporating GGBFS as a partial replacement for cement in concrete mixtures, remarkable improvements in strength and durability can be achieved. GGBFS enhances the compressive strength, flexural strength, and resistance to sulfate and chloride attacks, resulting in the creation of more robust and durable concrete structures.

One of the common challenges faced by concrete structures is the occurrence of cracking and shrinkage, which can compromise their durability and structural integrity. However, the use of GGBFS can effectively mitigate these issues by reducing the heat of hydration during the cement hydration process. This reduction in heat generation significantly minimizes the risk of thermal cracking and shrinkage, thereby ensuring the long-term stability and performance of the concrete.

Expansion in Production of Steel and Iron

The production of steel and iron has experienced steady growth worldwide, fueled by infrastructure development, urbanization, and industrial expansion. In recent years, emerging economies, particularly in Asia, have witnessed a significant rise in steel and iron production. This surge in production can be attributed to the construction of new buildings, bridges, roads, and other essential infrastructure projects that accompany rapid urbanization. As the demand for steel and iron increases, so does the availability of the byproduct known as blast-furnace slag. This slag, which is generated during the production process, can be further processed into Ground Granulated Blast Furnace Slag (GGBFS). By utilizing blast-furnace slag in the manufacturing of GGBFS, the industry not only reduces waste but also transforms it into a valuable construction material.

The use of GGBFS in construction projects has gained recognition from regulatory bodies worldwide. They have implemented standards and regulations that promote the use of GGBFS, aiming to improve the quality and longevity of infrastructure. These regulations often require the incorporation of GGBFS in construction projects, creating a favorable environment for the growth of the global GGBFS market. The sustainable practices associated with utilizing blast-furnace slag and producing GGBFS contribute to reducing the environmental impact of steel and iron production. By turning what would be waste into a valuable resource, the industry aligns itself with sustainable development goals and promotes a circular economy approach. With the continuous expansion of infrastructure projects and the increasing adoption of sustainable construction practices, the global GGBFS market is poised for further growth. As countries prioritize the development of robust and long-lasting infrastructure, the demand for GGBFS is expected to rise, creating new opportunities for the steel and iron industry, and contributing to a more sustainable future.

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Key Market Challenges

Initial Investment and Cost Considerations

One of the primary challenges in adopting Ground Granulated Blast Furnace Slag (GGBFS) as a construction material is the significant initial investment required to set up the necessary infrastructure for its production. The manufacturing process for GGBFS involves grinding blast-furnace slag into a fine powder, which demands specialized equipment and facilities. These capital expenditures can pose a substantial barrier to entry for new players in the market, potentially limiting the availability and accessibility of GGBFS in certain regions.

Another crucial consideration for potential users of GGBFS is the cost comparison with alternative construction materials. While GGBFS offers numerous benefits, including enhanced strength and durability, reduced environmental impact, and improved workability, it may be initially priced higher than conventional cementitious materials. This cost differential can deter some construction projects from opting for GGBFS, particularly when short-term budget constraints take precedence over long-term benefits.

Moreover, the availability and fluctuating demand for GGBFS can also impact its cost and pose challenges in the global market. The supply of GGBFS is directly linked to the production of steel and iron since it is a byproduct of these industries. Variations in the production of steel and iron can lead to fluctuations in the supply of GGBFS, potentially impacting its pricing. Additionally, the demand for GGBFS varies across different regions, affecting its market dynamics and overall cost. Despite the growing awareness of the benefits of GGBFS, market penetration remains a challenge. The construction industry often exhibits resistance to change due to established practices and familiarity with conventional materials.

Overcoming this challenge requires not only educating but also creating awareness among architects, engineers, contractors, and other stakeholders about the advantages and long-term cost savings associated with GGBFS. By highlighting its superior qualities and promoting its sustainable attributes, the adoption of GGBFS can be encouraged, leading to a more environmentally friendly and efficient construction industry.

Compatibility with Concrete Mixtures

The chemical and physical properties of Ground Granulated Blast Furnace Slag (GGBFS) play a crucial role in shaping the overall characteristics of concrete. The optimization of concrete mix design requires a careful balance between the desired strength, workability, and durability properties. Achieving this balance can be a challenging task that involves considering various factors, such as the water-cement ratio, aggregate gradation, and dosage of GGBFS, to attain the desired performance of the concrete mixture. When GGBFS is incorporated into concrete mixtures, it can have a significant impact on the development of compressive strength. While GGBFS generally enhances long-term strength, it may exhibit a delayed initial strength gain compared to conventional cementitious materials. This balancing act between the desired early-age strength requirements and the long-term strength benefits of GGBFS presents a challenge in achieving the desired compressive strength in concrete mixtures.Moreover, the workability of concrete mixtures can also be influenced by the addition of GGBFS. The high fineness and specific surface area of GGBFS particles can increase the water demand and reduce the workability of fresh concrete. In order to maintain the desired workability while incorporating GGBFS, adjustments in the water-cement ratio and the use of chemical admixtures may be necessary. It is crucial to ensure the compatibility of GGBFS with other components to achieve the desired workability without compromising the overall performance of the concrete.

In addition to optimizing the mix design, consistent quality, and standardization in GGBFS production are vital to ensure compatibility with concrete mixtures. Variations in GGBFS properties, such as chemical composition, fineness, and specific surface area, can significantly impact its behavior in concrete. Therefore, implementing robust quality control measures is essential to ensure that GGBFS consistently meets the required standards and specifications, providing a reliable and compatible material for concrete mixtures.

Key Market Trends

Surge in Research and Development

The surge in R&D activities has led to significant advancements in the production and utilization of Ground Granulated Blast Furnace Slag (GGBFS). Researchers and manufacturers are continually exploring innovative ways to optimize GGBFS properties, including fineness, chemical composition, and particle size distribution, to further enhance its performance in concrete mixtures. These developments aim to not only improve the strength, durability, workability, and environmental sustainability of GGBFS-based concrete structures, but also to ensure its compatibility with various construction requirements and specifications.Moreover, R&D efforts have expanded beyond traditional construction materials, as researchers are now exploring new applications and uses for GGBFS. Its potential in areas such as soil stabilization, road construction, and waste management are being actively investigated. By diversifying its applications, the GGBFS market can tap into new industries and markets, fostering further growth and adoption.The increased emphasis on sustainability has propelled R&D to identify even more innovative ways to enhance the environmental benefits of GGBFS. Researchers are actively exploring methods to further reduce the carbon footprint of GGBFS production, such as the utilization of renewable energy sources and the implementation of carbon capture and storage technologies. In addition, alternative sources of blast-furnace slag, including industrial by-products, are being evaluated for their suitability in GGBFS production. Furthermore, the incorporation of recycled materials into GGBFS-based concrete mixtures is being studied to enhance its overall sustainability and circular economy principles. These ongoing initiatives align with global sustainability goals and firmly position GGBFS as a more environmentally friendly alternative to conventional cementitious materials. By continually pushing the boundaries of research and development, the GGBFS industry strives to unlock the full potential of this versatile material, ensuring its widespread adoption and contributing to a more sustainable and resilient built environment.

Segmental Insights

Type Insights

Based on the category of type, the Alkalinity Blast-Furnace Slag segment emerged as the dominant player in the global market for Ground Granulated Blast-Furnace Slag (GGBFS) in 2022. Alkalinity blast-furnace slag, a byproduct of the iron and steel production process, is abundantly available. Its ready availability as a raw material ensures a steady and consistent supply, making it a cost-effective and reliable option for manufacturers and end-users alike. This consistent supply and reliability have contributed to its dominance in the GGBFS (Ground Granulated Blast-Furnace Slag) market. The use of alkalinity blast-furnace slag not only provides economic benefits but also helps to reduce waste and promote sustainability in the iron and steel industry. With its versatility and positive environmental impact, alkalinity blast-furnace slag continues to play a significant role in various construction applications and infrastructure development.

Application Insights

The Portland Cement and Concrete segment is projected to experience rapid growth during the forecast period. Portland cement acts as the binder in concrete mixtures, while GGBFS is commonly utilized as a supplementary cementitious material. The chemical composition and physical properties of GGBFS complement Portland cement, thereby enhancing the overall performance of concrete. GGBFS improves workability, reduces heat generation, increases long-term strength, and enhances resistance to chemicals and environmental factors. The compatibility of GGBFS with Portland cement and concrete contributes significantly to the dominance of this combination in the global GGBFS market.

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Regional Insights

Asia Pacific emerged as the dominant player in the Global Ground Granulated Blast-Furnace Slag (GGBFS) Market in 2022, holding the largest market share in terms of both value and volume. The Asia Pacific region is currently undergoing a significant surge in urbanization and substantial infrastructure development. Nations such as China, India, Japan, and South Korea have made substantial investments in various construction projects, encompassing residential, commercial, and infrastructure development. The growing need for sustainable and long-lasting construction materials has consequently bolstered the prominence of GGBFS in the Asia Pacific region.

Recent Developments

In August 2022, Ecocem, a leading cement manufacturer, introduced a groundbreaking innovation called Superfine. Superfine is a finely ground-granulated blast-furnace slag (GGBFS) product specifically designed for specialized applications in the construction industry. Its unique formulation allows it to be seamlessly incorporated into high-performance and ultra-high-performance concrete (UHPC), enhancing their strength and durability. Not only does Superfine contribute to the structural integrity of concrete, but it also offers aesthetic benefits. When used in concrete, it can improve the overall finish and texture, resulting in a smoother and more visually appealing surface. Moreover, the use of Superfine can reduce the reliance on pigments, making it a cost-effective solution for achieving desired color variations in concrete projects. With its exceptional properties and versatility, Superfine sets a new standard for concrete additives, enabling engineers and builders to create structures that are both robust and aesthetically pleasing.
In October 2018, Al-Rashed Cement Company entered into an agreement with Northern Region Cement Co. (NRCC) to facilitate the marketing and distribution of its white cement. The contract, based on the prevailing market price, was signed for a duration of one year. This strategic partnership enables the company to collaborate with industry peers and effectively showcase its capabilities.
In September 2021, Finnsementti, a CRH Company based in Finland, proudly introduced a groundbreaking new product called Kolmossementti. This innovative cement not only delivers exceptional performance but also contributes significantly to environmental sustainability. By utilizing Ground Granulated Blast Furnace Slag (GGBFS) and reducing the clinker factor, Kolmossementti achieves an impressive 40% reduction in carbon emissions. With this remarkable advancement, Finnsementti continues to lead the industry in their commitment to creating eco-friendly solutions that make a positive impact on our planet.

Key Market Players

JSW Cement Limited
Sagar Cement Limited
TATA Steel Limited
Boral Limited
JFE Mineral & Alloy Company,Ltd.
Lafarge Group
Super Cement Manufacturing Company LLC
Ecocem
AfriSam South Africa Pty Ltd.
ArcelorMittal S.A.

By Type	By Application	By Region
Alkalinity Blast-Furnace Slag Acidic Blast-Furnace Slag	Portland Cement and Concrete Bricks and Blocks Road Construction Soil Stabilization Waste Treatment Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Ground Granulated Blast-Furnace Slag (GGBFS) Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Ground Granulated Blast-Furnace Slag (GGBFS) Market, By Type:

o Alkalinity Blast-Furnace Slag

o Acidic Blast-Furnace Slag

Ground Granulated Blast-Furnace Slag (GGBFS) Market, By Application:

o Portland Cement and Concrete

o Bricks and Blocks

o Road Construction

o Soil Stabilization

o Waste Treatment

o Others

Ground Granulated Blast-Furnace Slag (GGBFS) Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Kuwait

§ Turkey

§ Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Ground Granulated Blast-Furnace Slag (GGBFS) Market.

Available Customizations:

Global Ground Granulated Blast-Furnace Slag (GGBFS) Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Ground Granulated Blast-Furnace Slag (GGBFS) Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Applications

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Global Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

4.1. Market Size & Forecast

4.1.1. By Value & Volume

4.2. Market Share & Forecast

4.2.1. By Type (Alkalinity Blast-Furnace Slag, Acidic Blast-Furnace Slag)

4.2.2. By Application (Portland Cement and Concrete, Bricks and Blocks, Road Construction, Soil Stabilization, Waste Treatment, Others)

4.2.3. By Region

4.2.4. By Company (2022)

4.3. Market Map

5. Asia Pacific Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Type

5.2.2. By Application

5.2.3. By Country

5.3. Asia Pacific: Country Analysis

5.3.1. China Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

5.3.1.1. Market Size & Forecast

5.3.1.1.1. By Value & Volume

5.3.1.2. Market Share & Forecast

5.3.1.2.1. By Type

5.3.1.2.2. By Application

5.3.2. India Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

5.3.2.1. Market Size & Forecast

5.3.2.1.1. By Value & Volume

5.3.2.2. Market Share & Forecast

5.3.2.2.1. By Type

5.3.2.2.2. By Application

5.3.3. Australia Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

5.3.3.1. Market Size & Forecast

5.3.3.1.1. By Value & Volume

5.3.3.2. Market Share & Forecast

5.3.3.2.1. By Type

5.3.3.2.2. By Application

5.3.4. Japan Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

5.3.4.1. Market Size & Forecast

5.3.4.1.1. By Value & Volume

5.3.4.2. Market Share & Forecast

5.3.4.2.1. By Type

5.3.4.2.2. By Application

5.3.5. South Korea Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

5.3.5.1. Market Size & Forecast

5.3.5.1.1. By Value & Volume

5.3.5.2. Market Share & Forecast

5.3.5.2.1. By Type

5.3.5.2.2. By Application

6. Europe Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Type

6.2.2. By Application

6.2.3. By Country

6.3. Europe: Country Analysis

6.3.1. France Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value & Volume

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Type

6.3.1.2.2. By Application

6.3.2. Germany Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value & Volume

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Type

6.3.2.2.2. By Application

6.3.3. Spain Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value & Volume

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Type

6.3.3.2.2. By Application

6.3.4. Italy Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

6.3.4.1. Market Size & Forecast

6.3.4.1.1. By Value & Volume

6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Type

6.3.4.2.2. By Application

6.3.5. United Kingdom Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

6.3.5.1. Market Size & Forecast

6.3.5.1.1. By Value & Volume

6.3.5.2. Market Share & Forecast

6.3.5.2.1. By Type

6.3.5.2.2. By Application

7. North America Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Application

7.2.3. By Country

7.3. North America: Country Analysis

7.3.1. United States Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value & Volume

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Application

7.3.2. Mexico Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value & Volume

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type

7.3.2.2.2. By Application

7.3.3. Canada Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value & Volume

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type

7.3.3.2.2. By Application

8. South America Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Application

8.2.3. By Country

8.3. South America: Country Analysis

8.3.1. Brazil Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value & Volume

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Application

8.3.2. Argentina Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value & Volume

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Application

8.3.3. Colombia Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value & Volume

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Application

9. Middle East and Africa Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Application

9.2.3. By Country

9.3. MEA: Country Analysis

9.3.1. South Africa Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value & Volume

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Application

9.3.2. Saudi Arabia Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value & Volume

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Application

9.3.3. UAE Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value & Volume

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Application

9.3.4. Egypt Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value & Volume

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Type

9.3.4.2.2. By Application

10. Market Dynamics

10.1. Drivers

10.2. Challenges

11. Market Trends & Developments

11.1. Recent Developments

11.2. Product Launches

11.3. Mergers & Acquisitions

12. Global Ground Granulated Blast-Furnace Slag (GGBFS) Market: SWOT Analysis

13. Porter’s Five Forces Analysis

13.1. Competition in the Industry

13.2. Potential of New Entrants

13.3. Power of Suppliers

13.4. Power of Customers

13.5. Threat of Substitute Product

14. PESTLE Analysis

15. Pricing Analysis

16. Competitive Landscape

16.1. JSW Cement Limited

16.1.1. Business Overview

16.1.2. Company Snapshot

16.1.3. Products & Services

16.1.4. Financials (In case of listed companies)

16.1.5. Recent Developments

16.2. Sagar Cement Limited

16.3. TATA Steel Limited

16.4. Boral Limited

16.5. JFE Mineral & Alloy Company,Ltd.

16.6. Lafarge Group

16.7. Super Cement Manufacturing Company LLC

16.8. Ecocem

16.9. AfriSam South Africa Pty Ltd.

16.10. ArcelorMittal S.A.

17. Strategic Recommendations

18. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Ground Granulated Blast-Furnace Slag (GGBFS) Market in 2022?

The market size of the Global Ground Granulated Blast-Furnace Slag (GGBFS) Market was estimated to be 405.45 million tonnes in 2022.

Which was the dominant segment By Type in the Global Ground Granulated Blast-Furnace Slag (GGBFS) Market in 2022?

The Alkalinity Blast-Furnace Slag type segment demonstrated significant dominance in 2022. Alkalinity blast-furnace slag has gained recognition for its remarkable environmental advantages when compared to traditional cementitious materials. Its utilization not only reduces greenhouse gas emissions and energy consumption during production but also contributes to sustainable construction practices. This makes alkalinity blast-furnace slag a highly sought-after and dominant choice in the GGBFS market. Its growing demand can be attributed to its ability to offer a more environmentally friendly solution, aligning with the increasing need for sustainable construction practices worldwide.

Which is the dominant region in the Global Ground Granulated Blast-Furnace Slag (GGBFS) Market?

Asia Pacific dominated the market with a revenue share in 2022. The demand for cement and concrete is poised to increase in emerging countries like India, driven by rapid industrialization and new construction projects. This growth is expected to fuel the expansion of the Ground Granulated Blast Furnace Slag (GGBFS) Market. Currently, China leads in the production of granulated ground blast furnace slag (GGBFS), with the China Baowu Steel Group Corp. holding the largest capacity. However, it is important to note that their operations are limited to Jiangsu and Wuhan City.

What are the major drivers for the Global Ground Granulated Blast-Furnace Slag (GGBFS) Market?

Rise in the demand for Ground Granulated Blast-Furnace Slag (GGBFS) in road construction and surge in demand of durable concrete structures are the major drivers for the Global Ground Granulated Blast-Furnace Slag (GGBFS) Market.

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Ground granulated blast-furnace slag (GGBFS) Market to Grow with a CAGR of 2.85% through 2028

Sep, 2023

Growing demand of Ground granulated blast-furnace slag (GGBFS) in manufacturing of bricks and blocks is expected to drive the Global Ground Granulated Blast-Furnace Slag (GGBFS) Market growth in the

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