About Slag Handling Equipment
Slag is a byproduct of steel production and it is similar to volcanic rocks like basalt and granite. Slag handling begins with the removal of hot slag and continues through storage, planning, and recycling or disposal. Customer-specific and local requirements are used to plan and implement slag handling. Slag handling equipment is an efficient way to handle the bulk of slag. Slag handling is ever more important as many products and things are being manufactured from slag. This makes it important to recycle slag for further use. As steel production increases, the demand for Slag Handling Equipment is also increasing.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
With the increasing steel production, the demand for slag handling equipment is also increasing. China, USA are the biggest markets for Slag Handling Equipment. As the countries in Africa start increasing their economic growth, the market there will also be important for manufacturers. There is no distinct market leader in this industry. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Vortex (United States), Slag Handling Equipment (United States), American Crane (United States), N.M. Heilig (Netherlands), KSR Group (Austria), Konecranes (Finland), Bandit Industries, Inc. (United States), BHS-Sonthofen (Germany), Harsco Corporation (United States) and RHC Deutschland GmbH (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Slag Handling Equipment market by Type (Slag Handling Cranes, Slide Gates, Filtration Systems and Loading Sprouts) and Region.
On the basis of geography, the market of Slag Handling Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Slag, the sub-segment i.e. Ferrous will boost the Slag Handling Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Slag Handling Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Slag Handling Equipment Market Dynamics:
Attributes | Details |
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Growth Drivers | - Slag Is By-Product of Steel Production Which Needs to Handled
- Increasing Steel Production is Driving the Demand of Slag Handling Equipment
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Influencing Trends | - Rise of Slag Handling Services Which Make Use of Slag Handling Equipment
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Restraints | - Negative Effect of Covid-19 Pandemic in Slag Handling Equipment Market
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Road Blocks / Challenges | - Dependency of Demand of Slag Handling Equipment on Production of Steel
- Slag Handling Equipment Are Pricier
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Gaps & Opportunities | - Growing Adoption of Slag Handling Equipment by Steel Companies Will Boost Its Demand
- Increasing Infrastructure Spending of Developing Economies Will Increase the Demand of Slag Handling Equipment
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According to Vietnamese regulations, “the thermal power plants (TPP) are operating or have had the investment decision must invest (or cooperate investment) the chains and equipment ensuring technical standards, regulations for treating and using ash and slag as a raw material for building materials production before 2020.”
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Slag Handling Equipment Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.