Ground Granulated Blast-furnace Slag Market Share

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.