Ground Granulated Blast-furnace Slag Market Size Share, Type (Acidic, Alkaline, Neutral); Grade (Grade 80, Grade 100, Grade 120); Cover (Specific Surface Area ≥ 300m2/Kg, Specific Surface Area ≥ 400m2/Kg, and Specific Surface Area ≥ 500m2/Kg); Application (Cement Production, Concrete Aggregate, Roadbed Material); End-Use (Portland Cement & Concrete, Bricks & Blocks); Sales Channel (Direct, Indirect) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5856
  • Published Date: Mar 08, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Ground Granulated Blast-furnace Slag Market is expected to reach USD  33 Billion by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the ground granulated blast-furnace slag was USD 22 Billion. The rising need to use environmentally friendly products across the world will increase the market of ground granulated blast-furnace slag [GGBFS] by the end of 2036. Current studies have studied the components that impact the buying of environmentally friendly goods under the attitude-behavior-context (ABC) opinion and the mitigating influence of applications of information and communication technology (ICT) creation. Additionally, this study has been executed in a growing country, and the behavioral impact of growing countries’ consumers is various from those of developed. Another study in Italy measured the non-green and green adult consumer purchase behavior. Researchers calculated factors like self-identity, environmental results, Sensory personal trouble of buying, and moral responsibilities.

Another reason that will propel the GGBFS Market by the end of 2036 is the quick expansion of the construction industry mainly in developing countries. A badly functioning sector has two basic results: first, it inclines to translate into high prices, taking to low levels of output for a provided level of expense. For instance, if a kilometer of road costs USD 1 million in country A and USD 2 million in country B, the latter can provide exactly half the length of the road. The enormous observation station utilizes encouragement and other technologies, which signifies modifying the leakproofness of the building and injecting air into the internal, to adjust the indoor main human arrangement environment markers to the low altitude level in the plain field, expressed Wang Kaiqiang, chief of the China Construction Institute of Advanced Technology. The project kinds in this sector comprise leisure and hospitality buildings, office infrastructures, outdoor leisure capabilities, and retail buildings.


Ground Granulated Blast-furnace Slag Market
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Ground Granulated Blast-furnace Slag (GGBFS) Market: Growth Drivers and Challenges

Growth Drivers

  • Infrastructural Development Across the World - Infrastructure growth is crucial to a country’s economic expansion, societal development, and total well-being. As people plunge into the 21st century, multiple nations have appeared as frontrunners, spending massively on avant-garde facilities, transportation networks, and sustainable urban planning. The High-Speed Rail Line in California (United States) was as of October 2022 one of the worthiest infrastructure projects either in their planning or performance phase across the world. Most of the major infrastructure projects in growth were railway lines, like the ones in Norway and Sweden, the UK, the U.S., Asia and South-East Asia, and Japan. In 2023 Singapore’s construction sector will extend by 2.1%, accomplishing SGD 35,919 million. This ascending trend is projected to remain in the coming years. The construction area has played a critical role in Singapore’s urban growth and economic modification, with the nation channeling investments into infrastructure to minister to its developing population and economy.
  • It Acts as a Great Substitute for Cement-A usual mixture is 50 percent GGBS associated with 50 percent Portland cement; however, GGBS in any percentage between 20 and 80 percent is often used as a stand-alone component in several construction applications. The bigger the percentage of GGBS in the mix, the higher the probability of a negative impact on concrete qualities. Concrete has basic clear, fee-effective, and without-difficulty approachable factors such as cement, sand, mixture, and water. The first technique is the conventional mixing technique, which involves the addition of slag straight with other concrete percentages like cement, sand, water, coarse total, and fine total. The second technique is the novel mixing methodology, which includes the immersion of slag in water before combining its involvement with the other concrete constituents.
  • Increasing Requirement for Aesthetically Beautiful Products-The aesthetics of a building is one of the principal prospects acknowledged in architecture. The charm of a building encircles the blended impacts of a building’s shape, size, texture, color, offset, unity, movement, focus, contrast, proportion, harmony, space, adjustment, pattern, decoration, culture, and context. The exceptional properties and natural beauty of wood and other bio-dependent components make them sought-after for different applications comprising construction, facades, and interior design.

Challenges

  • Heavy Cost of Ground Granulated Blast-furnace Slag-Because of the dearth of conventional resources and taking into account energy conservation, people felt that they could reuse industrial technique wastes, and deliver towards renewable growth. It may be marked herein that reusing industrial trash in construction components has been acquiring great eminence around the world. GGBS is one of the few industrial waste materials, which could be utilized as a construction component through several processing layers. As an alternative, the global yearly production of conventional scorched clay bricks is just about 1391 billion units, which scarcely suffices the bursting population expansion and economic growth, because of this, the requirement for brick has constantly been on the increase.
  • Lack of Workforce
  • Lack of Raw Materials

Ground Granulated Blast-furnace Slag (GGBFS) Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

∼6%

Base Year Market Size (2023)

~USD 22 Billion

Forecast Year Market Size (2036)

~USD 33 Billion

Regional Scope

  • North America (North America, Canada, Mexico)
  • Europe (Germany, Spain, UK, France, Italy, Russia, Others)
  • Asia Pacific (Japan, China, India, Australia, Others)
  • Middle East and Africa (South Africa, UAE, Others)
  • Latin America (Brazil, Argentina, Others)
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Ground Granulated Blast-furnace Slag [GGBFS] Segmentation

Type (Acidic, Alkaline, Neutral)

The alkaline segment in the ground granulated blast-furnace slag market is anticipated to hold 59% of the revenue share by 2036. because of its wide use in the construction industry because it helps in durability. Thus, the alkaline stimulating technique is acknowledged as a viable substitute for the enhanced utilization of this fraction (>75%) of the CDW. This technique is highly practical for converting industrial waste and by-products with appropriate attributions into helpful components. Alkaline (or geopolymer) cements have evident to be a renewable substitute for the ordinary Portland cement component. The laboratory reagents usually utilized as alkaline activators establish the most expensive and on occasion polluting components of cementitious systems. This study focused on exploring the use of a done-with-a-cleaning solution (CS), coming from the aluminum conversion industry, as a catalyst for high and low-calcium aluminosilicate precursors. Alkaline activation needs fundamentally two materials, a precursor and an alkaline activator. The precursors conventionally utilized comprise aluminosilicate components like burnt clays (metakaolin), coal fly ash, and blast furnace slag. Execution in such cementitious systems relies primarily on the kind and quality of both the precursor(s) and the alkaline activator.

Application (Cement Production, Concrete Aggregate, Roadbed Material)

The cement production segment in the ground granulated blast-furnace slag market is anticipated to hold 50% of the revenue share by 2036. owing to the increasing population worldwide and the use of cement in residential production will propel the growth of this segment by the end of 2036. In line with UN projects, the world population reached 8 billion on 15 November. More than the past 25 years, the number of people on the planet has increased by one-third, or 2.1 billion. Humanity is projected to increase by another fifth to just under 10 billion by 2050. In the last 25 years, almost all the growth happened in growing economies, primarily in Asia and Oceania (1.2 billion more people) and Africa (an extra 700 million people). This trend is projected to go on, with half of the anticipated rise in world population between now and 2050 projected to appear in a few bigger countries in Africa and Asia. As the population has increased, the share of people living in growing countries has enhanced from 66% in 1950 to 83% now and should touch 86% by 2050.

Our In-Depth Analysis of The Global Market Includes the Following Segments:

          Type

  • Acidic
  • Alkaline
  • Neutral

          Grade

  • Grade 80
  • Grade 100
  • Grade 120

          Cover

  • Specific Surface Area ≥ 300m2/Kg
  • Specific Surface Area ≥ 400m2/Kg
  • Specific Surface Area ≥ 500m2/Kg

          Application

  • Cement Production
  • Concrete Aggregate
  • Roadbed Material

          End-Use Industry

  • Portland Cement & Concrete
  • Bricks & Blocks

          Sales Channel

  • Direct Sale
  • Indirect Sale

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Ground Granulated Blast-furnace Slag Industry - Regional Synopsis

APAC Market Forecast

The ground granulated blast-furnace slag market in the APAC region will have the biggest growth during the forecast period with a revenue share of around 34%. This growth will be noticed owing to the rising expansion of urbanization and smart cities across developing countries like China, Japan, India etc. By 2030, the UN anticipates that the percentage will be 60 percent, aggregating 4.9 billion people. Approximately 95 percent of this huge urban growth will appear in less-growing countries. In Asia and elsewhere, the chance for urbanization on such a huge scale fuels issues that the world may not be capable of keeping such large urban populations. For some, cities are noticed as possible disasters. The increasing focus of people poses a basic challenge to the supply of economic opportunity, the growth of sufficient infrastructure and habitable housing, and the management of healthy environments.

North American Market Statistics

The ground granulated blast-furnace slag market in the North American region will also encounter huge growth during the forecast period and will hold the second position owing to the rising expansion of construction activities in this region. Since 2021, the United States has noticed an exceptional increase in construction activity, marking a substantial phase of economic expansion and industrial growth. This period has noticed a huge amount of construction projects, jointly valued at a stunning USD 500 billion, each project surpassing the billion-dollar mark.

Research Nester
Ground Granulated Blast-furnace Slag Market Size
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Companies Dominating the Ground Granulated Blast-furnace Slag (GGBFS) Market

top-features-companies
    • ASTRRA CHEMICALS
      • Company Overview
      • Business Planning
      • Main Product Offerings
      • Financial Execution
      • Main Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • TATA STEEL
    • Sharjah Cement and Industrial Development Co
    • JAYCEE BUILDCORP LLP
    • JSW Group
    • Boral
    • IVS Industries
    • HOLCIM
    • ArcelorMittal
    • Sovanex International

In-the-news

In The News

  • IVS Industries created GGBS (Ground Granulated Blast Furnace Slag) is a by-product of the steel industry that is utilized as a partial substitute for conventional cement in the generation of high-execution concrete. It is acquired by grinding the blast furnace slag, which is a non-metallic leftover produced during the production of iron and steel, into a fine powder.
  • ArcelorMittal declared its entry into the additive manufacturing (AdM) market as a steel powder supplier. The organization is building an industrial-scale inert gas atomizer in Aviles, Spain, to generate steel powders for AdM technologies like laser powder bed fusion (LPBF), binder jetting (BJ), and direct energy deposition (DED).

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5856
  • Published Date: Mar 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The rising need to use environmentally friendly products across the world will majorly drive the market growth of the wood moisture tester market.

The market size of the wood moisture tester market is expected to get a CAGR of approximately 6% over the forecast period, i.e., 2024 – 2036.

The major players in the market are ASTRRA CHEMICALS, TATA STEEL, Sharjah Cement and Industrial Development Co., JAYCEE BUILDCORP LLP, JSW Group, Boral, IVS Industries, HOLCIM, ArcelorMittal, Sovanex International, Nippon Steel Corporation, Osaka Steel Co., Ltd., Chiyoda-Steel Co., Ltd., Japan Metals & Chemicals Co., Ltd.

The cement production segment is anticipated to reap the largest market size with almost 56% by the end of 2036 and demonstrate substantial growth scopes.

The market in the APAC region is expected to have the largest market share by the end of 2036 and provide more business opportunities in the future.
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