Steel Slag Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Steel Slag Market
The steel slag market size was valued at USD 25.66 billion in 2022, and the market is now projected to grow from USD 26.83 billion in 2023 to USD 38.28 billion by 2030, exhibiting a CAGR of 5.2% during the forecast period of 2023-2030.
Since the COVID-19 outbreak in overdue 2019, steel producers confronted good sized deliver shortages, mainly within the first 1/2 of 2020, because of alternate regulations in key industrial countries like India and China. These constraints severely hampered businesses' manufacturing capacities, main to reduced manufacturing ranges. Consequently, the call for steel products additionally saw a notable decline throughout this period. Overall, the pandemic-brought on disruptions created a tough environment for the steel enterprise, affecting both supply and demand dynamics.
Increasing demand for metal in road production is anticipated to force market growth. Steel's high load-bearing capability makes it best for constructing highways and roads, highlighting its crucial role in the creation industry. It’s a couple of useful properties, consisting of durability and electricity, make a contribution to its massive use in infrastructure projects. This developing software in avenue production underscores metal's importance in helping market expansion.
Water remedy and land reclamation applications are set to enhance steel slag marketplace boom. Steel slag's extremely good adsorption competencies make it powerful for cleaning contaminated water, absorbing elements like phosphate and silica from sewage. It serves as filter out media in artificial wetlands, where microorganisms use it to decompose organic cloth and do away with contaminants. These special homes open giant possibilities in industrial effluent and wastewater remedy.
Comprehensive Analysis of Steel Slag Market
The steel slag market growth is rising at an exponential rate due to its market segmentation. This marketplace enlargement successfully affords an in-depth local exam thinking about the dominant deliver and demand forces that effect the enterprise. These segmentations are methodically segregated by type analysis, by application analysis. By application analysis include, blast furnace slag and steelmaking slag. By type analysis include, construction, cement & concrete, fertilizers, and others.
The Asia Pacific region lead the steel slag market share by benefitting a market size of USD 17.49 billion in 2022 due to increased demand from the building material industry from China, Japan, and India.
The pinnacle players inside the market play a critical function in the enterprise assuring market growth and placing marketplace requirements. These players include, ArcelorMittal (Luxembourg), Nippon Steel Corporation (Japan), Baosteel Group Corporation (China), JFE Steel Corporation (Japan), Tata Steel (India), POSCO (South Korea), Voestalpine Group (Austria), thyssenkrupp Steel Europe (Germany), Optimus Steel (U.S.), KOBE STEEL, LTD. (Japan) these market players provide a level-playing competitive landscape.
In February 2023, Nippon Steel Corporation announced an agreement to indirectly acquire up to 10% of common shares, preferred shares, and royalty interest in Elk Valley Resources Ltd. (EVR).
Segmentation Table
Attribute Details
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 5.2% from 2023 to 2030
Unit Value (USD Billion) and Volume (Kiloton)
Segmentation By Type, Application, and Geography
By Type Blast Furnace Slag
Steelmaking Slag
By Application Construction
Cement & Concrete
Fertilizers
Others
By Geography North America (By Type, By Application)
- U.S. (By Application)
- Canada (By Application)
Europe (By Type, By Application)
- Germany (By Application)
- France (By Application)
- U.K. (By Application)
- Italy (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Type, By Application)
- China (By Application)
- Japan (By Application)
- India (By Application)
- South Korea (By Application)
- Rest of Asia Pacific (By Application)
Latin America (By Type, By Distribution, By Application)
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America (By Application)
Middle East & Africa (By Type, By Application)
- GCC (By Application)
- South Africa (By Application)
- Rest of Middle East & Africa (By Application)
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Electronic Data Interchange (EDI) Key Players Market Share/Ranking, 2022
- 5. Global Electronic Data Interchange (EDI) Market Size Estimates and Forecasts, By Segments, 2019-2030
- 5.1. Key Findings
- 5.2. By Deployment (USD)
- 5.2.1. Cloud
- 5.2.2. On-premise
- 5.3. By Industry (USD)
- 5.3.1. Healthcare
- 5.3.2. Automotive
- 5.3.3. Financial Services
- 5.3.4. High-Tech / Manufacturing
- 5.3.5. Retail
- 5.3.6. Logistics
- 5.3.7. Others (Telecom, etc.)
- 5.4. By Region (USD)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Middle East & Africa
- 5.4.5. South America
- 6. North America Electronic Data Interchange (EDI) Market Size Estimates and Forecasts, By Segments, 2019-2030
- 6.1. Key Findings
- 6.2. By Deployment (USD)
- 6.2.1. Cloud
- 6.2.2. On-premise
- 6.3. By Industry (USD)
- 6.3.1. Healthcare
- 6.3.2. Automotive
- 6.3.3. Financial Services
- 6.3.4. High-Tech / Manufacturing
- 6.3.5. Retail
- 6.3.6. Logistics
- 6.3.7. Others
- 6.4. By Country (USD)
- 6.4.1. U.S.
- 6.4.1.1. By Industry
- 6.4.2. Canada
- 6.4.2.1. By Industry
- 6.4.3. Mexico
- 6.4.3.1. By Industry
- 7. Europe Electronic Data Interchange (EDI) Market Size Estimates and Forecasts, By Segments, 2019-2030
- 7.1. Key Findings
- 7.2. By Deployment (USD)
- 7.2.1. Cloud
- 7.2.2. On-premise
- 7.3. By Industry (USD)
- 7.3.1. Healthcare
- 7.3.2. Automotive
- 7.3.3. Financial Services
- 7.3.4. High-Tech / Manufacturing
- 7.3.5. Retail
- 7.3.6. Logistics
- 7.3.7. Others
- 7.4. By Country (USD)
- 7.4.1. U.K.
- 7.4.1.1. By Industry
- 7.4.2. Germany
- 7.4.2.1. By Industry
- 7.4.3. France
- 7.4.3.1. By Industry
- 7.4.4. Italy
- 7.4.4.1. By Industry
- 7.4.5. Spain
- 7.4.5.1. By Industry
- 7.4.6. Russia
- 7.4.6.1. By Industry
- 7.4.7. Benelux
- 7.4.7.1. By Industry
- 7.4.8. Nordics
- 7.4.8.1. By Industry
- 7.4.9. Rest of Europe
- 8. Asia Pacific Electronic Data Interchange (EDI) Market Size Estimates and Forecasts, By Segments, 2019-2030
- 8.1. Key Findings
- 8.2. By Deployment (USD)
- 8.2.1. Cloud
- 8.2.2. On-premise
- 8.3. By Industry (USD)
- 8.3.1. Healthcare
- 8.3.2. Automotive
- 8.3.3. Financial Services
- 8.3.4. High-Tech / Manufacturing
- 8.3.5. Retail
- 8.3.6. Logistics
- 8.3.7. Others
- 8.4. By Country (USD)
- 8.4.1. China
- 8.4.1.1. By Industry
- 8.4.2. Japan
- 8.4.2.1. By Industry
- 8.4.3. India
- 8.4.3.1. By Industry
- 8.4.4. South Korea
- 8.4.4.1. By Industry
- 8.4.5. ASEAN
- 8.4.5.1. By Industry
- 8.4.6. Oceania
- 8.4.6.1. By Industry
- 8.4.7. Rest of Asia Pacific
- 9. Middle East & Africa Electronic Data Interchange (EDI) Market Size Estimates and Forecasts, By Segments, 2019-2030
- 9.1. Key Findings
- 9.2. By Deployment (USD)
- 9.2.1. Cloud
- 9.2.2. On-premise
- 9.3. By Industry (USD)
- 9.3.1. Healthcare
- 9.3.2. Automotive
- 9.3.3. Financial Services
- 9.3.4. High-Tech / Manufacturing
- 9.3.5. Retail
- 9.3.6. Logistics
- 9.3.7. Others
- 9.4. By Country (USD)
- 9.4.1. Turkey
- 9.4.1.1. By Industry
- 9.4.2. Israel
- 9.4.2.1. By Industry
- 9.4.3. GCC
- 9.4.3.1. By Industry
- 9.4.4. North America
- 9.4.4.1. By Industry
- 9.4.5. South Africa
- 9.4.5.1. By Industry
- 9.4.6. Rest of MEA
- 10. South America Electronic Data Interchange (EDI) Market Size Estimates and Forecasts, By Segments, 2019-2030
- 10.1. Key Findings
- 10.2. By Deployment (USD)
- 10.2.1. Cloud
- 10.2.2. On-premise
- 10.3. By Industry (USD)
- 10.3.1. Healthcare
- 10.3.2. Automotive
- 10.3.3. Financial Services
- 10.3.4. High-Tech / Manufacturing
- 10.3.5. Retail
- 10.3.6. Logistics
- 10.3.7. Others
- 10.4. By Country (USD)
- 10.4.1. Brazil
- 10.4.1.1. By Industry
- 10.4.2. Argentina
- 10.4.2.1. By Industry
- 10.4.3. Rest of South America
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Boomi, Inc.
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. SPS Commerce, Inc.
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Software AG
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Mulesoft, LLC
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Epicor Software Corporation
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Truecommerce, Inc.
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Rocket Software, Inc.
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Open Text Corporation
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Babelway
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Comarch SA
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Development
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