PUBLISHER: Value Market Research | PRODUCT CODE: 1458042
PUBLISHER: Value Market Research | PRODUCT CODE: 1458042
The global demand for Ground Granulated Blast-furnace Slag (GGBFS) Market is presumed to reach the market size of nearly USD 35.78 BN by 2032 from USD 20.81 BN in 2023 with a CAGR of 6.21% under the study period 2024 - 2032.
Ground granulated blast-furnace slag, or GGBFS, is a byproduct of iron and steel manufacturing. Produced by quenching molten blast-furnace slag with water and grinding it into a fine powder, GGBFS is a supplementary cementitious material in the construction industry. Its inclusion in cement formulations improves durability, reduces environmental impact, and enhances concrete performance. It is recognized for its ability to contribute to sustainable construction practices by recycling industrial waste and reducing the carbon footprint concerned with traditional cement production.
The ground granulated blast-furnace slag market is driven by the escalating demand for sustainable construction materials, the focus on reducing carbon emissions in the construction industry, and the benefits of GGBFS in enhancing the properties of concrete. The growing emphasis on green building practices, LEED certification requirements, and the quest for durable and high-performance concrete contribute to the market expansion. Ground granulated blast-furnace slag improves concrete durability, reduces heat of hydration, and enhances resistance to aggressive chemical environments. Additionally, the push for sustainable construction practices, government regulations promoting the use of alternative materials, and the growing awareness concerning the environmental impact of construction materials drive the adoption of GGBFS in the construction industry. The ongoing infrastructure projects in emerging economies further support the growth of the ground granulated blast-furnace slag market.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of ground granulated blast-furnace slag (ggbfs). The growth and trends of Ground Granulated Blast-furnace Slag (GGBFS) Industry provide a holistic approach to this study.
This section of the ground granulated blast-furnace slag (ggbfs) market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Ground Granulated Blast-furnace Slag (GGBFS) market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the ground granulated blast-furnace slag (ggbfs) market include JSW Steel, JFE Mineral & Alloy Company Ltd., Tata Steel, Sagar Cement, Nippon Steel Corporation, LKAB Minerals, IVS industries, Saudi ReadyMix, Astrra Chemicals, Ecocem, Kosmos Cement Company LLC. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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