Granulated Ground Blast Furnace Slag (GGBFS) Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Type (Alkalinity Blast-Furnace Slag, Acidic Blast-Furnace Slag); By Cover (Specific Surface Area ≥ 300m2/Kg, Specific Surface Area ≥ 400m2/Kg, Specific Surface Area ≥ 500m2/Kg); By Application (Cement Production, Concrete Aggregate, Roadbed Material, Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
Global Granulated Ground Blast Furnace Slag (GGBFS) Market Size Set to Touch USD 11 Billion by 2029
Global granulated ground blast furnace slag (GGBFS) market is gaining traction because of the rising urbanization and growth and expansion in the construction sector.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Global granulated ground blast furnace slag (GGBFS) market size at USD 9,021.7 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global granulated ground blast furnace slag (GGBFS) market size to grow at a CAGR of 3.38% reaching a value of USD 11,010.67 million by 2029. The booming construction sector and the major application of GGBFS in cement manufacturing are significant driving factors for the global granulated ground blast furnace slag (GGBFS) market. Utilizing GGBFS reduces the carbon impact of concrete production and provides a sustainable option for the construction industry.
Global Granulated Ground Blast Furnace Slag (GGBFS) Market – Overview
Ground granulated blast-furnace slag, or GGBFS, is a by-product of iron making in a blast furnace. Most of it is made up of silicate and aluminosilicate from molten calcium that had to be regularly removed from the blast furnace. GGBFS slag is produced by pulverizing the granulated blast furnace slag that blast furnaces produce as a byproduct of the iron-making process. This hydraulic additive is widely used in raw concrete, as an admixture for Portland blast furnace slag cement, and in other applications.
Global Granulated Ground Blast Furnace Slag (GGBFS) Market
Segmental Information
Global Granulated Ground Blast Furnace Slag (GGBFS) Market – By Application
Based on application, the global granulated ground blast furnace slag (GGBFS) market is segmented into cement production, concrete aggregate, roadbed material, and others. Cement production accounts for the highest share of the market. Granulated ground blast furnace slag is mixed with cement to increase the strength and durability of the building. The high prices of cement and concrete due to their production being an energy-intensive process play a crucial role in the rising demand for GGBFS globally.
Impact of COVID-19 on Global Granulated Ground Blast Furnace Slag (GGBFS) Market
The unprecedented COVID-19 pandemic disrupted the growth of the global granulated ground blast furnace slag (GGBFS) market. The implementation of lockdown in several nations to slow the spread of the virus immediately hampered production and end-user sector activities, including the iron and construction industries. The market expansion during the COVID-19 period was further constrained by a lack of workers and supply chain disruption. However, it is expected that the market will regain its momentum after COVID-19 with the start of operations as usual.
Competitive Landscape
Major players operating in the global granulated ground blast furnace slag (GGBFS) market include China Baowu Steel Group Corp., Ltd, Nippon Steel Corporation, ArcelorMittal S.A., JFE Steel Corporation, Maanshan Iron & Steel Company Limited, Changcheng Special Steels Co. Ltd, Hunan Valin Xiangtan Iron and Steel Co., Ltd, Zenith Steel Group Co. Ltd, Gansu Jiu Steel Group Hongxing Iron and Steel Co Ltd, TATA Steel, POSCO, Hesteel Group, Nucor Corporation, Hyundai Steel, and Ansteel Group.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Global Granulated Ground Blast Furnace Slag (GGBFS) Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Granulated Ground Blast Furnace Slag (GGBFS) Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Global Granulated Ground Blast Furnace Slag (GGBFS) Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising urbanization
- 3.2.1.2. Good Surface Finish and Aesthetic Quality
- 3.2.1.3. Lower Chances of Efflorescence
- 3.2.2. Restraints
- 3.2.2.1. Fluctuations in the Steel Industry
- 3.2.2.2. Availability and Adoption of Alternative Supplementary Cementitious Materials (SCMs) or Other Construction Materials
- 3.2.3. Opportunities
- 3.2.3.1. Growth and Expansion in the Construction Sector
- 3.2.3.2. Technological Advancements
- 3.2.4. Challenges
- 3.2.4.1. Lack of Awareness Regarding GGBFS
- 3.2.4.2. Slowdowns or Delays in Infrastructure Projects
- 3.2.5. Technological Advancements/Recent Developments
- 3.3. Regulatory Framework
- 3.4. Porter’s Five Forces Analysis
- 3.4.1. Bargaining Power of Suppliers
- 3.4.2. Bargaining Power of Buyers
- 3.4.3. Threat of New Entrants
- 3.4.4. Threat of Substitutes
- 3.4.5. Intensity of Rivalry
- 4. Global Granulated Ground Blast Furnace Slag (GGBFS) Market Overview
- 4.1. Market Size & Forecast, 2019–2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share and Forecast
- 4.2.1. By Type
- 4.2.1.1. Alkalinity Blast-Furnace Slag
- 4.2.1.2. Acidic Blast-Furnace Slag
- 4.2.2. By Cover
- 4.2.2.1. Specific Surface Area ≥ 300m2/Kg
- 4.2.2.2. Specific Surface Area ≥ 400m2/Kg
- 4.2.2.3. Specific Surface Area ≥ 500m2/Kg
- 4.2.3. By Application
- 4.2.3.1. Cement Production
- 4.2.3.2. Concrete Aggregate
- 4.2.3.3. Roadbed Material
- 4.2.3.4. Others
- 4.2.4. By Region
- 4.2.4.1. North America
- 4.2.4.2. Europe
- 4.2.4.3. Asia Pacific (APAC)
- 4.2.4.4. Latin America (LATAM)
- 4.2.4.5. Middle East and Africa (MEA)
- 5. North America Granulated Ground Blast Furnace Slag (GGBFS) Market
- 5.1. Market Size & Forecast, 2019–2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Cover
- 5.2.3. By Application
- 5.2.4. By Country
- 5.2.4.1. United States
- 5.2.4.1.1. By Type
- 5.2.4.1.2. By Cover
- 5.2.4.1.3. By Application
- 5.2.4.2. Canada
- 5.2.4.2.1. By Type
- 5.2.4.2.2. By Cover
- 5.2.4.2.3. By Application
- 6. Europe Granulated Ground Blast Furnace Slag (GGBFS) Market
- 6.1. Market Size & Forecast, 2019–2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Cover
- 6.2.3. By Application
- 6.2.4. By Country
- 6.2.4.1. Germany
- 6.2.4.1.1. By Type
- 6.2.4.1.2. By Cover
- 6.2.4.1.3. By Application
- 6.2.4.2. United Kingdom
- 6.2.4.2.1. By Type
- 6.2.4.2.2. By Cover
- 6.2.4.2.3. By Application
- 6.2.4.3. Italy
- 6.2.4.3.1. By Type
- 6.2.4.3.2. By Cover
- 6.2.4.3.3. By Application
- 6.2.4.4. France
- 6.2.4.4.1. By Type
- 6.2.4.4.2. By Cover
- 6.2.4.4.3. By Application
- 6.2.4.5. Spain
- 6.2.4.5.1. By Type
- 6.2.4.5.2. By Cover
- 6.2.4.5.3. By Application
- 6.2.4.6. Belgium
- 6.2.4.6.1. By Type
- 6.2.4.6.2. By Cover
- 6.2.4.6.3. By Application
- 6.2.4.7. Russia
- 6.2.4.7.1. By Type
- 6.2.4.7.2. By Cover
- 6.2.4.7.3. By Application
- 6.2.4.8. The Netherlands
- 6.2.4.8.1. By Type
- 6.2.4.8.2. By Cover
- 6.2.4.8.3. By Application
- 6.2.4.9. Rest of Europe
- 6.2.4.9.1. By Type
- 6.2.4.9.2. By Cover
- 6.2.4.9.3. By Application
- 7. Asia-Pacific Granulated Ground Blast Furnace Slag (GGBFS) Market
- 7.1. Market Size & Forecast, 2019–2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Cover
- 7.2.3. By Application
- 7.2.4. By Country
- 7.2.4.1. China
- 7.2.4.1.1. By Type
- 7.2.4.1.2. By Cover
- 7.2.4.1.3. By Application
- 7.2.4.2. India
- 7.2.4.2.1. By Type
- 7.2.4.2.2. By Cover
- 7.2.4.2.3. By Application
- 7.2.4.3. Japan
- 7.2.4.3.1. By Type
- 7.2.4.3.2. By Cover
- 7.2.4.3.3. By Application
- 7.2.4.4. South Korea
- 7.2.4.4.1. By Type
- 7.2.4.4.2. By Cover
- 7.2.4.4.3. By Application
- 7.2.4.5. Australia & New Zealand
- 7.2.4.5.1. By Type
- 7.2.4.5.2. By Cover
- 7.2.4.5.3. By Application
- 7.2.4.6. Indonesia
- 7.2.4.6.1. By Type
- 7.2.4.6.2. By Cover
- 7.2.4.6.3. By Application
- 7.2.4.7. Malaysia
- 7.2.4.7.1. By Type
- 7.2.4.7.2. By Cover
- 7.2.4.7.3. By Application
- 7.2.4.8. Singapore
- 7.2.4.8.1. By Type
- 7.2.4.8.2. By Cover
- 7.2.4.8.3. By Application
- 7.2.4.9. Vietnam
- 7.2.4.9.1. By Type
- 7.2.4.9.2. By Cover
- 7.2.4.9.3. By Application
- 7.2.4.10. Rest of APAC
- 7.2.4.10.1. By Type
- 7.2.4.10.2. By Cover
- 7.2.4.10.3. By Application
- 8. Latin America Granulated Ground Blast Furnace Slag (GGBFS) Market
- 8.1. Market Size & Forecast, 2019–2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Cover
- 8.2.3. By Application
- 8.2.4. By Country
- 8.2.4.1. Brazil
- 8.2.4.1.1. By Type
- 8.2.4.1.2. By Cover
- 8.2.4.1.3. By Application
- 8.2.4.2. Mexico
- 8.2.4.2.1. By Type
- 8.2.4.2.2. By Cover
- 8.2.4.2.3. By Application
- 8.2.4.3. Argentina
- 8.2.4.3.1. By Type
- 8.2.4.3.2. By Cover
- 8.2.4.3.3. By Application
- 8.2.4.4. Peru
- 8.2.4.4.1. By Type
- 8.2.4.4.2. By Cover
- 8.2.4.4.3. By Application
- 8.2.4.5. Rest of LATAM
- 8.2.4.5.1. By Type
- 8.2.4.5.2. By Cover
- 8.2.4.5.3. By Application
- 9. Middle East & Africa Granulated Ground Blast Furnace Slag (GGBFS) Market
- 9.1. Market Size & Forecast, 2019–2029
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Cover
- 9.2.3. By Application
- 9.2.4. By Country
- 9.2.4.1. Saudi Arabia
- 9.2.4.1.1. By Type
- 9.2.4.1.2. By Cover
- 9.2.4.1.3. By Application
- 9.2.4.2. UAE
- 9.2.4.2.1. By Type
- 9.2.4.2.2. By Cover
- 9.2.4.2.3. By Application
- 9.2.4.3. Qatar
- 9.2.4.3.1. By Type
- 9.2.4.3.2. By Cover
- 9.2.4.3.3. By Application
- 9.2.4.4. Kuwait
- 9.2.4.4.1. By Type
- 9.2.4.4.2. By Cover
- 9.2.4.4.3. By Application
- 9.2.4.5. South Africa
- 9.2.4.5.1. By Type
- 9.2.4.5.2. By Cover
- 9.2.4.5.3. By Application
- 9.2.4.6. Nigeria
- 9.2.4.6.1. By Type
- 9.2.4.6.2. By Cover
- 9.2.4.6.3. By Application
- 9.2.4.7. Algeria
- 9.2.4.7.1. By Type
- 9.2.4.7.2. By Cover
- 9.2.4.7.3. By Application
- 9.2.4.8. Rest of MEA
- 9.2.4.8.1. By Type
- 9.2.4.8.2. By Cover
- 9.2.4.8.3. By Application
- 10. Competitive Landscape
- 10.1. List of Key Players and Their Offerings
- 10.2. Global Granulated Ground Blast Furnace Slag (GGBFS) Market Share Analysis, 2022
- 10.3. Competitive Benchmarking, By Operating Parameters
- 10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 11. Impact of Covid-19 on Global Granulated Ground Blast Furnace Slag (GGBFS) Market
- 12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 12.1. China Baowu Steel Group Corp., Ltd
- 12.2. Nippon Steel Corporation
- 12.3. ArcelorMittal S.A.
- 12.4. JFE Steel Corporation
- 12.5. Maanshan Iron & Steel Company Limited
- 12.6. Changcheng Special Steels Co Ltd
- 12.7. Hunan Valin Xiangtan Iron and Steel Co., Ltd.
- 12.8. Zenith Steel Group Co. Ltd.
- 12.9. Gansu Jiu Steel Group Hongxing Iron and Steel Co ltd.
- 12.10. TATA Steel
- 12.11. POSCO
- 12.12. Hesteel Group
- 12.13. Nucor Corporation
- 12.14. Hyundai Steel
- 12.15. Ansteel Group
- 12.16. Other Prominent Players
- 13. Key Strategic Recommendations
- 14. Research Methodology
- 14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
- 14.2. Quantitative Research
- 14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
- 14.4. Breakdown of Primary Research Respondents, By Region
- 14.5. Assumptions & Limitations
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