According to TechSci Research report, “Ground granulated blast-furnace slag (GGBFS) Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Ground Granulated Blast-Furnace Slag (GGBFS) Market stood at 405.45 million tonnes in 2022 and is anticipated to grow with a CAGR of 2.85% in the forecast period, 2024-2028. The initiatives taken by government based on Ground granulated blast-furnace slag (GGBFS) has led to favorable market conditions for the Global Ground Granulated Blast-Furnace Slag (GGBFS) Market. Several factors contribute to the growth of various ground granulated blast-furnace slag (GGBFS) products.
In 2023, the Government has launched a web portal and a mobile application called “ASHTRACK” to monitor fly ash generation and utilization data of Thermal Power Plants. This initiative aims to facilitate 100% ash utilization by all coal-based thermal power plants.
The Indian government is placing high emphasis on infrastructure development to drive economic growth. Despite the setback caused by the pandemic, efforts on housing, transport infrastructure, and power have regained momentum. Cement usage in these projects has contributed to India being the world’s second-largest cement producer, just behind China.
To reduce emissions during cement production, companies are adopting various technologies such as Waste Heat Recovery (WHR) power generation systems, transitioning away from fossil fuels, harnessing solar energy, and converting fossil-fuel-based facilities into renewable biomass fuel-based units.
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GGBFS is renowned for its pozzolanic properties, which enhance the performance of bricks and blocks. Incorporating GGBFS as a partial replacement for Portland cement in brick and block manufacturing significantly improves their strength, durability, and resistance to chemical attacks. The incorporation of GGBFS in the production process results in denser and more impermeable bricks and blocks, making them ideal for a wide range of construction applications.
Moreover, the utilization of GGBFS in bricks and blocks contributes to enhanced energy efficiency during the manufacturing process. GGBFS exhibits a lower heat of hydration compared to traditional cement, thereby reducing the energy required for curing. Additionally, the use of GGBFS can lead to lower firing temperatures in brick production, resulting in reduced energy consumption. These energy-saving benefits make GGBFS an appealing choice for manufacturers seeking to optimize their production processes while minimizing environmental impact.
Global Ground Granulated Blast-Furnace Slag (GGBFS) Market is segmented into type, application, regional distribution, and company
Based on its type, the Alkalinity Blast-Furnace Slag segment has emerged as the predominant market leader. Alkalinity blast-furnace slag, a specific type of slag formed during the production of ferronickel in a blast furnace, is known for its moderate calcium content and the presence of heavy metals. This slag has garnered significant attention in research, with a focus on understanding its reaction mechanisms, engineering properties, and leaching behavior. Numerous studies have been conducted to evaluate the characteristics and environmental impact of slag, particularly blast furnace slag.
Furthermore, investigations have been carried out to examine how the chemistry of slag influences the hydration of alkali-activated ground-granulated blast furnace slags. These studies have explored the potential of utilizing a carbonate in the alkali activation process of blast furnace slag as a substitute for ordinary Portland cement (OPC). By delving into the intricate details and intricacies of slag chemistry and its applications, researchers aim to uncover more sustainable and efficient practices in the realm of slag utilization.
Based on region, Asia Pacific segment is expected to grow during the forecast period. With a focus on transportation, alongside other relief programs, the 1.9 trillion-dollar stimulus aims to bolster infrastructure spending. In 2022, the Asia Pacific region accounted for a significant market share, projected to maintain this substantial share throughout the forecast period. Factors contributing to this trend include the increasing globalization, rising disposable income, and growth of the building and construction industry in the region. In North America, the market held a notable share and is expected to exhibit a high compound annual growth rate (CAGR) during the forecast period. This growth is attributed to the growing demand for residential construction and increased investments in the iron and steel industry by key players in the region. Notably, President Joe Biden’s coronavirus relief plan is expected to stimulate construction output in the United States beyond 2021.
Major companies operating in Global Ground Granulated Blast-Furnace Slag (GGBFS) Market are:
- JSW Cement Limited
- Sagar Cement Limited
- TATA Steel Limited
- Boral Limited
- JFE Mineral & Alloy Company, Ltd.
- Lafarge Group
- Super Cement Manufacturing Company LLC
- Ecocem
- AfriSam South Africa Pty Ltd.
- ArcelorMittal S.A.
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“Growing application of ground granulated blast-furnace slag (GGBFS) in various end user industries are key drivers of the ground granulated blast-furnace slag (GGBFS) market. Growth in competitive landscape and presence of well-established countries in the market who are dedicated to enhance their productivity of ground granulated blast-furnace slag (GGBFS) with every passing year are anticipated to register an impressive growth to Global Ground Granulated Blast-Furnace Slag (GGBFS) Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Ground granulated blast-furnace slag (GGBFS) Market By Type (Alkalinity Blast-Furnace Slag, Acidic Blast-Furnace Slag), By Application (Portland Cement and Concrete, Bricks and Blocks, Road Construction, Soil Stabilization, Waste Treatment, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Ground Granulated Blast-Furnace Slag (GGBFS) Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Ground Granulated Blast-Furnace Slag (GGBFS) Market.
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