GROUND GRANULATED BLAST-FURNACE
SLAG (GGBFS)
MARKET OVERVIEW
Ground Granulated Blast Furnace Slag (GGBFS) is a byproduct of iron production used in construction to enhance concrete properties, including strength and durability. It's recognized for its sustainability benefits, reducing the carbon footprint of construction.
MARKET SIZE AND GROWTH
01 02
MARKET SIZE (2023):
APPROXIMATELY USD 9.02 BILLION
PROJECTED MARKET SIZE (2032): AROUND USD 10.4 BILLION
COMPOUND ANNUAL GROWTH RATE (CAGR): 1.6% DURING THE FORECAST PERIOD.
By Type
Cement production
Concrete aggregate
Roadbed material.
MARKET SEGMENTATION
By Application
Specific surface area
> 300m²/Kg
> 400m²/Kg
> 500m²/Kg
REGIONAL ANALYSIS
Study focuses on evaluating the market landscape, consumer trends, and competition pertinent to the new product.
EUROPE
LATIN AMERICA &MIDDLE EAST
Emerging markets with opportunities.
Strong presence due to adoption in construction.
NORTH AMERICA
Steady growth with infrastructure demands.
ASIA-PACIFIC
Largest market, driven by industrial growth.
KEY PLAYERS
Arcelor
Nippon Steel
China
Baowu Steel
Group
