SLAG is a broad term covering all non-metallic co products resulting from the separation of a metal from its ore, its chemistry and morphology depends on the metal being produced and the solidification process used. Ferrous lags can be broadly categorized as ferrous (iron/steel) and non-ferrous (copper, lead/zinc) depending on the industry from which they come. Depending on the iron and steel production process different slag types can be manufactured like blast furnace slag, basic oxygen furnace slag, electric arc furnace slag, secondary metallurgical slag and other slags. Based on the application global ferrous slag market is divided into pipe bedding, aggregates, hydraulic bound mixes, filter media, agricultural and others applications. Growing demand from construction activities is expected to drive the growth of ferrous slag market over the forecast period. According to industry experts, aggregates is expected to remain the key driver for ferrous slag market coupled with increasing demand for pipe bedding, agricultural and filter media owing to rapid industrialization especially in region such as BRIC which is anticipated to fuel the growth of ferrous slag market. Global ferrous slag market is segmented by geography into North America, Europe, Asia Pacific, Latin America and Middle East & Africa regions. In 2020, Asia pacific was observed as the largest and fastest growing market for ferrous slag. Due increasing industrialization, development in agricultural sector from China, India, Japan and South Korea; over past few years ferrous slag is gaining popularity in Asian countries.
The collapse of construction activity in Europe, global ferrous slag market is expected to increase slowly, changes in the Chinese steel industry, changing environmental legislation, direct intervention from governments and international bodies, etc. are the key trends observed in the industry. Lafarge-Holcim. (Switzerland), Lehigh Cement/Hanson. (U.S.), Ash Grove Cement. (U.S.), St Mary's Cement Inc. (Canada), Argos (U.S.), Harsco (U.S.), TMS International (U.S.) are few key manufacturers in ferrous slag market.
Ferrous Slag market is expected to reach over US$ 46.5 Bn by 2029, growing at a CAGR of 1.8% during the forecast period 2021-2029.
Purpose of the Report
The purpose of this strategic research study titled “Global Ferrous Slag Market – Growth, Future Prospects and Competitive Analysis, 2021 – 2029” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global ferrous slag market.
Target Audience
USP and Key Offerings
The report titled “Global Ferrous Slag Market – Growth, Future Prospects and Competitive Analysis, 2021 – 2029” offers strategic insights into the overall ferrous slag market along with the market size and estimates for the duration 2021 to 2029. The said research study covers in-depth analysis of multiple market segments based on, product type, application type and cross-sectional study across different regions.
In order to help strategic decision makers, the report also includes competitive profiling of the leading players in ferrous slag market and key strategies adopted by them. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global ferrous slag market, offering market size and estimates for the period from 2021 to 2029, keeping in mind the above mentioned factors.
On the basis of its application, the ferrous slag market is categorized into following segments:
Global ferrous slag market revenue is expected to grow at significant rate of 1.8% over the forecast period 2021-2029. Based on the application global ferrous slag market is divided into pipe bedding, aggregates, hydraulic bound mixes, filter media, agricultural and others applications. Growing demand from construction activities is expected to drive the growth of ferrous slag market over the forecast period. According to industry experts, aggregates is expected to remain the key driver for ferrous slag market coupled with increasing demand for pipe bedding, agricultural and filter media owing to rapid industrialization especially in region such as BRIC which is anticipated to fuel the growth of ferrous slag market. Increasing demand for ferrous slag especially in Asia pacific due to rapid growth of population in emerging economies such as India and China is anticipated to fuel the demand for global ferrous slag market over the forecast period 2021-2029. Other factors such as growing array of applications as hydraulic bound mixes and other applications are also expected to drive the growth of ferrous slag during the forecast period.
Global ferrous slag market is segmented by geography into North America, Europe, Asia Pacific, Latin America and Middle East & Africa regions. The total output of ferrous slag is expected to increase only slowly, or to stagnate and decline marginally, because electric arc furnace steelmaking capacity is expected to grow faster in upcoming years. In 2020, Asia pacific was observed as the largest and fastest growing market for ferrous slag. Due increasing industrialization, development in agricultural sector from China, India, Japan and South Korea; over past few years ferrous slag is gaining popularity in Asian countries. The market for ferrous slag in Latin America and Middle East & Africa is likely to grow considerably during the forecast period owing to increase in utilization of ferrous slag in aggregate and filters. The growth in demand has been accelerated by environmental legislation and by direct intervention from governments and international bodies
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Ferrous Slag market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
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Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
