Ground Granulated Blast-furnace Slag Market size was valued at USD 22.85 billion in 2024 and is set to exceed USD 48.14 billion by 2037, registering over 5.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of ground granulated blast-furnace slag is evaluated at USD 23.93 billion.
The rising need to use environmentally friendly products across the world will increase the market of ground granulated blast-furnace slag [GGBFS] by the end of 2037. Current studies have studied the components that impact the buying of environmentally friendly goods under the attitude-behavior-context (ABC) opinion and the mitigating influence of applications of information and communication technology (ICT) creation. Additionally, this study has been executed in a growing country, and the behavioral impact of growing countries’ consumers is various from those of developed. Another study in Italy measured the non-green and green adult consumer purchase behavior. Researchers calculated factors like self-identity, environmental results, Sensory personal trouble of buying, and moral responsibilities.
Another reason that will propel the GGBFS Market by the end of 2037 is the quick expansion of the construction industry mainly in developing countries. A badly functioning sector has two basic results: first, it inclines to translate into high prices, taking to low levels of output for a provided level of expense. For instance, if a kilometer of road costs USD 1 million in country A and USD 2 million in country B, the latter can provide exactly half the length of the road. The enormous observation station utilizes encouragement and other technologies, which signifies modifying the leakproofness of the building and injecting air into the internal, to adjust the indoor main human arrangement environment markers to the low altitude level in the plain field, expressed Wang Kaiqiang, chief of the China Construction Institute of Advanced Technology. The project kinds in this sector comprise leisure and hospitality buildings, office infrastructures, outdoor leisure capabilities, and retail buildings.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
5.9% |
Base Year Market Size (2024) |
USD 22.85 billion |
Forecast Year Market Size (2037) |
USD 48.14 billion |
Regional Scope |
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Type (Acidic, Alkaline, Neutral)
The alkaline segment in the ground granulated blast-furnace slag market is anticipated to hold 59% of the revenue share by 2037. because of its wide use in the construction industry because it helps in durability. Thus, the alkaline stimulating technique is acknowledged as a viable substitute for the enhanced utilization of this fraction (>75%) of the CDW. This technique is highly practical for converting industrial waste and by-products with appropriate attributions into helpful components. Alkaline (or geopolymer) cements have evident to be a renewable substitute for the ordinary Portland cement component. The laboratory reagents usually utilized as alkaline activators establish the most expensive and on occasion polluting components of cementitious systems. This study focused on exploring the use of a done-with-a-cleaning solution (CS), coming from the aluminum conversion industry, as a catalyst for high and low-calcium aluminosilicate precursors. Alkaline activation needs fundamentally two materials, a precursor and an alkaline activator. The precursors conventionally utilized comprise aluminosilicate components like burnt clays (metakaolin), coal fly ash, and blast furnace slag. Execution in such cementitious systems relies primarily on the kind and quality of both the precursor(s) and the alkaline activator.
Application (Cement Production, Concrete Aggregate, Roadbed Material)
The cement production segment in the ground granulated blast-furnace slag market is anticipated to hold 50% of the revenue share by 2037. owing to the increasing population worldwide and the use of cement in residential production will propel the growth of this segment by the end of 2037. In line with UN projects, the world population reached 8 billion on 15 November. More than the past 25 years, the number of people on the planet has increased by one-third, or 2.1 billion. Humanity is projected to increase by another fifth to just under 10 billion by 2050. In the last 25 years, almost all the growth happened in growing economies, primarily in Asia and Oceania (1.2 billion more people) and Africa (an extra 700 million people). This trend is projected to go on, with half of the anticipated rise in world population between now and 2050 projected to appear in a few bigger countries in Africa and Asia. As the population has increased, the share of people living in growing countries has enhanced from 66% in 1950 to 83% now and should touch 86% by 2050.
Our In-Depth Analysis of The Global Market Includes the Following Segments:
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APAC Market Forecast
The ground granulated blast-furnace slag market in the APAC region will have the biggest growth during the forecast period with a revenue share of around 34%. This growth will be noticed owing to the rising expansion of urbanization and smart cities across developing countries like China, Japan, India etc. By 2030, the UN anticipates that the percentage will be 60 percent, aggregating 4.9 billion people. Approximately 95 percent of this huge urban growth will appear in less-growing countries. In Asia and elsewhere, the chance for urbanization on such a huge scale fuels issues that the world may not be capable of keeping such large urban populations. For some, cities are noticed as possible disasters. The increasing focus of people poses a basic challenge to the supply of economic opportunity, the growth of sufficient infrastructure and habitable housing, and the management of healthy environments.
North American Market Statistics
The ground granulated blast-furnace slag market in the North American region will also encounter huge growth during the forecast period and will hold the second position owing to the rising expansion of construction activities in this region. Since 2021, the United States has noticed an exceptional increase in construction activity, marking a substantial phase of economic expansion and industrial growth. This period has noticed a huge amount of construction projects, jointly valued at a stunning USD 500 billion, each project surpassing the billion-dollar mark.
Author Credits: Rajrani Baghel
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