Report Description

Forecast Period


Market Size (2022)

USD 405.45 million

CAGR (2023-2028)


Fastest Growing Segment

Alkalinity Blast-Furnace Slag

Largest Market

Asia Pacific

Market Overview

Global Ground Granulated Blast-Furnace Slag (GGBFS) Market has valued at USD 405.45 million 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.