Market Snapshot:
Ferrous slag, a by-product manufactured in the process of iron and steel manufacturing, is gaining increased popularity as a substitute product for natural aggregates in a variety of applications. Ferrous slags derived from the production of stainless steel, alloyed steel, or ferroalloys have to some extent different compositions than carbon steel slags in that they are enriched in Ca-Mg-silicate phases and contain less free lime or magnesia
Highlights from Ferrous Slag Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.2% |
The key Vendors profiled in the report are The Levy Company Inc. (United States), Novolipetsk Steel (Russia), ArcelorMittal (Luxembourg), Evraz (United Kingdom), Tata Steel (India), CRH (Ireland), JFE Steel (Japan), China Baowu Group (China), HBIS Group (China) and Shagang Group (China). Additionally, other players that are part of this comprehensive study are Nippon Steel Corporation (Japan), POSCO (South Korea) and Ansteel Group (China).
Geographic Breakdown and Segment Analysis
The Global Ferrous Slag market presents a comprehensive analysis of the Ferrous Slag market by product type (Blast Furnace Slag and Steel Making Slag), by end-user/application (Construction, Cement Production, Agricultural and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Ferrous Slag industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Ferrous Slag market
Analyst at AMA have segmented the market study of Global Ferrous Slag market by Type, Application and Region.
Influencing Trend:
Continuous Increase in Steel Manufacturing
Market Growth Drivers:
Growing Requirement of Filling Materials in Construction and Building Activities and Increase Production Steel Across the Globe
Challenges:
Disruption in Supply Chain
Restraints:
High Presence of Substitute Materials and Fluctuation in Price of Raw Materials
Opportunities:
Increase in Construction and Building Activities and Growing Demand in Asia Pacific Region
Market Developments Activities:
In July 2022, Hoffmann Green Cement Technologies has acquired ABC Broyage, which operates a slag grinding plant in North Dordogne. The producer says that ABC Broyage will import granulated blast furnace slag (GBFS) via La Rochelle and supply ground GBFS to its H1 and H2 green cement plants in Bournezeau. This will give Hoffmann Green Cement Technologies self-sufficiency in its raw materials processing.
In June 2022, JSW Steel Vijayanagar Works, one of the major steel makers in India, has launched a steel slag sand making plant, to mark the World Environment Day recently. JSW has said that the plant, which will produce sand from steel slag, has an installed capacity of 0.30 Mtpa
The Service Providers are operating in the market are exploring their footprint in new geographical regions and also heavily investing in business growth strategies such as mergers & acquisitions, expansions, investments, new service launches, and others. The market key players are exploring new market opportunity areas through expansions and acquisitions across the globe to avail a competitive advantage through combined synergies.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Ferrous Slag Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries