Ground Granulated Blast-Furnace Slag (GGBFS) Market

Global Ground Granulated Blast-Furnace Slag (GGBFS) Market

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Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook 2031

The global ground granulated blast furnace slag market size was valued at USD 8.24 Billion in 2022 and is expected to reach USD 9.93 Billion by 2031 projected to expand at a CAGR of 2.1% during the forecast period, 2023 – 2031.

Ground granulated blast furnace slag (GGBFS) is a by-product of raw iron production. Thus, through the addition of the concreate into GGBFS increases its properties such as strength, workability, and durability, as slag concrete develops its strength slower than concrete without GGBFS. It is attained by heating limestone, iron ore, and coke at a temperature of 1500°Celsius.

Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook

The main constituents of blast furnace slag are CaO, SiO2, Al2O3 and MgO, along with other minor oxides in small quantities. Furthermore, by using granulated blast furnace slag, the consumption of limestone (the main raw material of cement) reduces by approximately 40%For more than a century GGBFS has been used as a chief supplementary cementing material due to its cementitious and pozzolanic properties. Additionally, it is the only component of concrete that contains appreciable quantities of sulfide.

GGBFS is perhaps the utmost widely investigated and effective cement replacement material used in concrete manufacturing; therefore, it is used as an eco-friendly and cost-effective building material, as it is an ideal replacement of OPC cement. Increased research & developments and rising number of launches of various GGBFS by key players are driving the market.

For instance, Tata Steel is one of the leading GGBS manufacturers in India offers premium quality products. Furthermore, in July 2021, JFE Steel Corporation in collaboration with Tohoku University and Nihon University developed an alkali-activated material (AAM), which is expected to drive the demand for GGBFS during the forecast period.

Ground Granulated Blast-Furnace Slag (GGBFS) Market Dynamics

Rising Urbanization

Urbanization is at its peak in present because of the advancement and break through coming in every field across the world. Workers and labors are attracted to cities to earn and mostly they get job into Manufacturing industries like steel, Iron etc. This leads to increase in production of iron and steel across the Globe. Hence, the production of GGBFS is also increased.

Good surface finish and Aesthetics quality boosts the GGBFS market

Adding surface finishing to the product can add value to it in a variety of ways. It can enhance component appearance and appeal, as well as provide surface protection and improve component function and performance. A surface finish that is environmentally friendly, which will align with many consumers’ values. GGBFS provides this, and this can drive the market growth.

Lower chances of Efflorescence

Efflorescence is the white staining that forms on the surface of concrete products such as blocks and paving. The two key factors to prevent Efflorescence are to reduce the amount of calcium hydroxide and to reduce the permeability of the product that minimize the ability of water and salt solutions to migrate from the surface.

By replacing traditional cement with ecocem GGBFS one can immediately removing a direct portion of calcium CA(OH)2 in a mix as ecocem GGBFS hydration does not produce any calcium hydroxide. Thus, there is a less chance of Efflorescence in the GGBFS.

Expanding Steel and Iron Production

The demand drivers for the Iron and Steel industry are increase in the activities of the automobiles industry, real estate’s industry, transportation system, aircraft industry, Defense, ship building industry, etc. Due to the Mass production of iron and steel in these industries, this leads to increase in GGBFS Production.

The Iron and Steel industry is closely related to Chemical industry and light industry, It shows that the iron and steel industry has the potential to contribute to the competitiveness of GGBFS and global producers and to the growth of global economy.

Scope of Ground Granulated Blast-Furnace Slag (GGBFS) Market Report

The report on Ground Granulated Blast-Furnace Slag (GGBFS) market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Ground Granulated Blast-Furnace Slag (GGBFS) Market- Global Industry Analysis, Size, Share, Growth, Trends & Forecast

Base Year

2022

Historical Data

2016 - 2021

Forecast Period

2023 - 2031

Segmentation

Type (Alkalinity Blast-Furnace Slag and Acidic Blast-Furnace Slag), Cover (Specific Surface Area ≥ 300m2/Kg, Specific Surface Area ≥ 400m2/Kg, and Specific Surface Area ≥ 500m2/Kg), By Application (Cement Production, Concrete Aggregate, Roadbed Material, Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered

ASTRRA CHEMICALS, TATA STEEL, Sharjah Cement and Industrial Development Co., JAYCEE BUILDCORP LLP, JSW Group, Boral, Sagar Cements Ltd., HOLCIM, ArcelorMittal, Sovanex International

Ground Granulated Blast-Furnace Slag (GGBFS) Market Segmental Outlook

The global ground granulated blast-furnace slag (GGBFS) market is segmented on the basis of type, cover, application, and regions.

Based on type, the global ground granulated blast furnace slag market is divided into alkalinity blast-furnace slag and acidic blast-furnace slag. The alkalinity blast-furnace segment is growing owing to the rising number of launches across the globe and increasing R&D to understand and increase the applications of slag.

The alkalinity blast-furnace slag segment accounted for a key share of the market and is projected to expand at a rapid pace during the forecast period, owing to its rising awareness about its properties such as mechanical and physical durability.

Ground Granulated Blast-Furnace Slag (GGBFS) Market Type

In terms of cover, the market is segmented into specific surface area ≥ 300m2/kg, specific surface area ≥ 400m2/kg, and specific surface area ≥ 500m2/kg. The specific surface area ≥ 400m2/Kg segment is expected to expand at a high CAGR during the forecast period due to rising need for concrete bridges across the globe.

In terms of application, the global ground granulated blast furnace slag (GGBFS) market is segmented into cement production, concrete aggregate, roadbed material, others. The cement production segment is anticipated to account for a substantial share of the market and expand at a significant CAGR. The demand for residential constructions has increased as the population has grown.

Cement production has risen dramatically over the world as a result of this. Growing need for public infrastructure and non-residential buildings, such as hospitals and healthcare centers, has created need for cement production. These factors are expected to boost the cement segment in the coming years.

Ground Granulated Blast-Furnace Slag (GGBFS) Market Application

Ground Granulated Blast-Furnace Slag (GGBFS) Market Regional Outlook

Based on regions, the global ground granulated blast furnace Slag Market is divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.

North America held a significant share of the market in 2020 and is anticipated to expand at a high CAGR during the forecast period, due to growing demand for residential construction and increasing investments in the iron and steel industry by key players in the region. For instance, President Joe Biden's coronavirus relief plan is projected to drive construction output in the US in the years after 2021.

With other relief programs focusing on transportation, the 1.9 trillion-dollar stimulus is intended to increase infrastructure spending. Asia Pacific accounted for a considerable share of the market in 2020 and is projected to account for a substantial share of the market during the forecast period, owing to increasing trend of globalization, rising disposable income, and rising growth of the building and construction industry in the region.

Ground Granulated Blast-Furnace Slag (GGBFS) Market Region

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the global Ground Granulated Blast-Furnace Slag (GGBFS) market
  • Historical, Current and Projected Market Size in terms of Value and Volume
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Ground Granulated Blast-Furnace Slag (GGBFS) Market Performance

Segments

Type

  • Alkalinity Blast-Furnace Slag
  • Acidic Blast-Furnace Slag

Cover

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

Application

  • Cement Production
  • Concrete Aggregate
  • Roadbed Material
  • Others

Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Player

  • ASTRRA CHEMICALS
  • TATA STEEL
  • Sharjah Cement and Industrial Development Co
  • JAYCEE BUILDCORP LLP
  • JSW Group
  • Boral
  • Sagar Cements Ltd
  • HOLCIM
  • ArcelorMittal
  • Sovanex International

Competitive Landscape

Top players in the market include ASTRRA CHEMICALS, TATA STEEL, Sharjah Cement and Industrial Development Co, JAYCEE BUILDCORP LLP, JSW Group, Boral, Sagar Cements Ltd, HOLCIM, ArcelorMittal, and Sovanex International.
 
These companies are considered as key manufacturers of Ground Granulated Blast-Furnace Slag (GGBFS) based on their revenue, product offerings, regional presence, and supply chain management system. The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunity for the Ground Granulated Blast-Furnace Slag (GGBFS) market.
 
Ground Granulated Blast-Furnace Slag (GGBFS) Market Key Players
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Granulated Blast Furnace Slag Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Granulated Blast Furnace Slag Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Granulated Blast Furnace Slag Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Granulated Blast Furnace Slag Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Granulated Blast Furnace Slag Market Size & Forecast, 2018-2028
      4.5.1 Granulated Blast Furnace Slag Market Size and Y-o-Y Growth
      4.5.2 Granulated Blast Furnace Slag Market Absolute $ Opportunity
   4.6 Global Ground Granulated Blast-Furnace Slag (GGBFS) Market: Impact of Key Regulations
   4.7 Global Ground Granulated Blast-Furnace Slag (GGBFS) Market: Technological Advancements
   4.8 Global Ground Granulated Blast-Furnace Slag (GGBFS) Market: Import & Export Analysis
   4.9 Global Iron Market: Overview
Chapter 5 Global Granulated Blast Furnace Slag Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Granulated Blast Furnace Slag Market Size Forecast By Type
      5.2.1 Alkalinity Blast-Furnace Slag
      5.2.2 Acidic Blast-Furnace Slag
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Granulated Blast Furnace Slag Market Analysis and Forecast By Cover
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Cover
      6.1.2 Basis Point Share (BPS) Analysis By Cover
      6.1.3 Absolute $ Opportunity Assessment By Cover
   6.2 Granulated Blast Furnace Slag Market Size Forecast By Cover
      6.2.1 Specific Surface Area ≥ 300m2/Kg
      6.2.2 Specific Surface Area ≥ 400m2/Kg
      6.2.3 Specific Surface Area ≥ 500m2/Kg
   6.3 Market Attractiveness Analysis By Cover
Chapter 7 Global Granulated Blast Furnace Slag Market Analysis and Forecast By Application
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Application
      7.1.2 Basis Point Share (BPS) Analysis By Application
      7.1.3 Absolute $ Opportunity Assessment By Application
   7.2 Granulated Blast Furnace Slag Market Size Forecast By Application
      7.2.1 Cement Production
      7.2.2 Concrete Aggregate
      7.2.3 Roadbed Material
      7.2.4  Others
   7.3 Market Attractiveness Analysis By Application

Chapter 8 Global Granulated Blast Furnace Slag Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Granulated Blast Furnace Slag Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
   9.1 Introduction
   9.2 Current & Future Impact Analysis
   9.3 Economic Impact Analysis
   9.4 Government Policies
   9.5 Investment Scenario
Chapter 10 North America Granulated Blast Furnace Slag Analysis and Forecast
   10.1 Introduction
   10.2 North America Granulated Blast Furnace Slag Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Granulated Blast Furnace Slag Market Size Forecast By Type
      10.6.1 Alkalinity Blast-Furnace Slag
      10.6.2 Acidic Blast-Furnace Slag
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 North America Granulated Blast Furnace Slag Market Size Forecast By Cover
      10.10.1 Specific Surface Area ≥ 300m2/Kg
      10.10.2 Specific Surface Area ≥ 400m2/Kg
      10.10.3 Specific Surface Area ≥ 500m2/Kg
   10.11 Basis Point Share (BPS) Analysis By Cover
   10.12 Absolute $ Opportunity Assessment By Cover
   10.13 Market Attractiveness Analysis By Cover
   10.14 North America Granulated Blast Furnace Slag Market Size Forecast By Application
      10.14.1 Cement Production
      10.14.2 Concrete Aggregate
      10.14.3 Roadbed Material
      10.14.4  Others
   10.15 Basis Point Share (BPS) Analysis By Application
   10.16 Absolute $ Opportunity Assessment By Application
   10.17 Market Attractiveness Analysis By Application
Chapter 11 Europe Granulated Blast Furnace Slag Analysis and Forecast
   11.1 Introduction
   11.2 Europe Granulated Blast Furnace Slag Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Granulated Blast Furnace Slag Market Size Forecast By Type
      11.6.1 Alkalinity Blast-Furnace Slag
      11.6.2 Acidic Blast-Furnace Slag
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Europe Granulated Blast Furnace Slag Market Size Forecast By Cover
      11.10.1 Specific Surface Area ≥ 300m2/Kg
      11.10.2 Specific Surface Area ≥ 400m2/Kg
      11.10.3 Specific Surface Area ≥ 500m2/Kg
   11.11 Basis Point Share (BPS) Analysis By Cover
   11.12 Absolute $ Opportunity Assessment By Cover
   11.13 Market Attractiveness Analysis By Cover
   11.14 Europe Granulated Blast Furnace Slag Market Size Forecast By Application
      11.14.1 Cement Production
      11.14.2 Concrete Aggregate
      11.14.3 Roadbed Material
      11.14.4  Others
   11.15 Basis Point Share (BPS) Analysis By Application
   11.16 Absolute $ Opportunity Assessment By Application
   11.17 Market Attractiveness Analysis By Application
Chapter 12 Asia Pacific Granulated Blast Furnace Slag Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Granulated Blast Furnace Slag Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Granulated Blast Furnace Slag Market Size Forecast By Type
      12.6.1 Alkalinity Blast-Furnace Slag
      12.6.2 Acidic Blast-Furnace Slag
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Asia Pacific Granulated Blast Furnace Slag Market Size Forecast By Cover
      12.10.1 Specific Surface Area ≥ 300m2/Kg
      12.10.2 Specific Surface Area ≥ 400m2/Kg
      12.10.3 Specific Surface Area ≥ 500m2/Kg
   12.11 Basis Point Share (BPS) Analysis By Cover
   12.12 Absolute $ Opportunity Assessment By Cover
   12.13 Market Attractiveness Analysis By Cover
   12.14 Asia Pacific Granulated Blast Furnace Slag Market Size Forecast By Application
      12.14.1 Cement Production
      12.14.2 Concrete Aggregate
      12.14.3 Roadbed Material
      12.14.4  Others
   12.15 Basis Point Share (BPS) Analysis By Application
   12.16 Absolute $ Opportunity Assessment By Application
   12.17 Market Attractiveness Analysis By Application
Chapter 13 Latin America Granulated Blast Furnace Slag Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Granulated Blast Furnace Slag Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Granulated Blast Furnace Slag Market Size Forecast By Type
      13.6.1 Alkalinity Blast-Furnace Slag
      13.6.2 Acidic Blast-Furnace Slag
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Latin America Granulated Blast Furnace Slag Market Size Forecast By Cover
      13.10.1 Specific Surface Area ≥ 300m2/Kg
      13.10.2 Specific Surface Area ≥ 400m2/Kg
      13.10.3 Specific Surface Area ≥ 500m2/Kg
   13.11 Basis Point Share (BPS) Analysis By Cover
   13.12 Absolute $ Opportunity Assessment By Cover
   13.13 Market Attractiveness Analysis By Cover
   13.14 Latin America Granulated Blast Furnace Slag Market Size Forecast By Application
      13.14.1 Cement Production
      13.14.2 Concrete Aggregate
      13.14.3 Roadbed Material
      13.14.4  Others
   13.15 Basis Point Share (BPS) Analysis By Application
   13.16 Absolute $ Opportunity Assessment By Application
   13.17 Market Attractiveness Analysis By Application
Chapter 14 Middle East & Africa (MEA) Granulated Blast Furnace Slag Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Granulated Blast Furnace Slag Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Granulated Blast Furnace Slag Market Size Forecast By Type
      14.6.1 Alkalinity Blast-Furnace Slag
      14.6.2 Acidic Blast-Furnace Slag
   14.7 Basis Point Share (BPS) Analysis By Type
   14.8 Absolute $ Opportunity Assessment By Type
   14.9 Market Attractiveness Analysis By Type
   14.10 Middle East & Africa (MEA) Granulated Blast Furnace Slag Market Size Forecast By Cover
      14.10.1 Specific Surface Area ≥ 300m2/Kg
      14.10.2 Specific Surface Area ≥ 400m2/Kg
      14.10.3 Specific Surface Area ≥ 500m2/Kg
   14.11 Basis Point Share (BPS) Analysis By Cover
   14.12 Absolute $ Opportunity Assessment By Cover
   14.13 Market Attractiveness Analysis By Cover
   14.14 Middle East & Africa (MEA) Granulated Blast Furnace Slag Market Size Forecast By Application
      14.14.1 Cement Production
      14.14.2 Concrete Aggregate
      14.14.3 Roadbed Material
      14.14.4  Others
   14.15 Basis Point Share (BPS) Analysis By Application
   14.16 Absolute $ Opportunity Assessment By Application
   14.17 Market Attractiveness Analysis By Application
Chapter 15 Competition Landscape
   15.1 Granulated Blast Furnace Slag Market: Competitive Dashboard
   15.2 Global Granulated Blast Furnace Slag Market: Market Share Analysis, 2020
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      15.3.1 ASTRRA CHEMICALS
      15.3.2 Sharjah Cement and Industrial Development Co
      15.3.3 TATA STEEL
      15.3.4 JAYCEE BUILDCORP LLP
      15.3.5 JSW Group
      15.3.6 Boral
      15.3.7 Sagar Cements Ltd
      15.3.8 HOLCIM
      15.3.9 ArcelorMittal
      15.3.10 Sovanex International

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