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In 2022, the global steel slag market was worth USD $25.68 billion, and it is expected to increase to USD $36.83 billion by 2030, a CAGR of 6.2% between 2023 and 2030.
When impurities in the raw materials react with oxidants and fluxes during the steelmaking process, a byproduct known as steel slag is created. Its mineral makeup makes it suitable for use in construction because of its great hardness, durability, and capacity to enhance concrete's inherent qualities.
Slag supply has increased as a result of expanding steel production, which has contributed to the expansion of the market. It's a key ingredient in making cement, which has great durability and takes a long time to heat up when mixed with water. It is highly resistant to chemicals. For these reasons, it represents a superb choice for the cement and building sectors. However, slag's presence of hazardous elements has slowed market expansion. Nickel, chromium, strontium, and cadmium are just some of the toxic chemicals that can be found in slag. Both the environment and human health are at risk from these substances.
Trade restrictions in important industrial countries like India and China have left steel makers short of raw materials since the COVID-19 breakout in late 2019, at least for the first half of 2020. Because of this, businesses were unable to produce as much, and fewer people wanted the end result. In addition, it has found extensive application in the building sector. A lack of workers and raw materials, disruptions in the supply chain, and stringent government control all had devastating effects on this sector during the pandemic. This resulted in an even lower level of product consumption in this sector. A number of steel manufacturers have reduced or ceased production as a result of supply chain disruptions and the breakdown of machinery. Since the restrictions have been lifted, the supply chain has resumed normal operations, and market participants have looked for ways to lessen the negative effect of coronavirus on their annual results. Efforts to revive economies and impose pro-business policies on the part of national governments are driving increased demand for new infrastructure. It's a more cost-effective and environmentally friendly alternative to using natural aggregate in concrete, asphalt, and railroad ballast.
Trade restrictions in important industrial countries like India and China have left steel makers short of raw materials since the COVID-19 breakout in late 2019, at least for the first half of 2020. Because of this, businesses were unable to produce as much, and fewer people wanted the end result. In addition, it has found extensive application in the building sector. A lack of workers and raw materials, disruptions in the supply chain, and stringent government control all had devastating effects on this sector during the pandemic. This resulted in an even lower level of product consumption in this sector. A number of steel manufacturers have reduced or ceased production as a result of supply chain disruptions and the breakdown of machinery. Since the restrictions have been lifted, the supply chain has resumed normal operations, and market participants have looked for ways to lessen the negative effect of coronavirus on their annual results. Efforts to revive economies and impose pro-business policies on the part of national governments are driving increased demand for new infrastructure. It's a more cost-effective and environmentally friendly alternative to using natural aggregate in concrete, asphalt, and railroad ballast.
Trade restrictions in important industrial countries like India and China have left steel makers short of raw materials since the COVID-19 breakout in late 2019, at least for the first half of 2020. Because of this, businesses were unable to produce as much, and fewer people wanted the end result. In addition, it has found extensive application in the building sector. A lack of workers and raw materials, disruptions in the supply chain, and stringent government control all had devastating effects on this sector during the pandemic. This resulted in an even lower level of product consumption in this sector. A number of steel manufacturers have reduced or ceased production as a result of supply chain disruptions and the breakdown of machinery. Since the restrictions have been lifted, the supply chain has resumed normal operations, and market participants have looked for ways to lessen the negative effect of coronavirus on their annual results. Efforts to revive economies and impose pro-business policies on the part of national governments are driving increased demand for new infrastructure. It's a more cost-effective and environmentally friendly alternative to using natural aggregate in concrete, asphalt, and railroad ballast.
Report Coverage
Global Steel Slag research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Steel Slag report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Steel Slag competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Steel Slag market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Steel Slag market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Steel Slag market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ArcelorMittal (Luxembourg), Nippon Steel Corporation (Japan), Baosteel Group Corporation (China), JFE Steel Corporation (Japan), Tata Steel (India), POSCO (South Korea), Voestalpine Group (Austria), thyssenkrupp Steel Europe (Germany), Optimus Steel (U.S.), KOBE STEEL, LTD. (Japan)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Steel Slag market based on the below-mentioned segments:
Global Steel Slag Market, By Type
Blast Furnace Slag
Steelmaking Slag
Global Steel Slag market, By Application
Construction
Cement & Concrete
Fertilizers
Others
Global Steel Slag market, Regional Analysis
When impurities in the raw materials react with oxidants and fluxes during the steelmaking process, a byproduct known as steel slag is created. Its mineral makeup makes it suitable for use in construction because of its great hardness, durability, and capacity to enhance concrete's inherent qualities.
Slag supply has increased as a result of expanding steel production, which has contributed to the expansion of the market. It's a key ingredient in making cement, which has great durability and takes a long time to heat up when mixed with water. It is highly resistant to chemicals. For these reasons, it represents a superb choice for the cement and building sectors. However, slag's presence of hazardous elements has slowed market expansion. Nickel, chromium, strontium, and cadmium are just some of the toxic chemicals that can be found in slag. Both the environment and human health are at risk from these substances.
Trade restrictions in important industrial countries like India and China have left steel makers short of raw materials since the COVID-19 breakout in late 2019, at least for the first half of 2020. Because of this, businesses were unable to produce as much, and fewer people wanted the end result. In addition, it has found extensive application in the building sector. A lack of workers and raw materials, disruptions in the supply chain, and stringent government control all had devastating effects on this sector during the pandemic. This resulted in an even lower level of product consumption in this sector. A number of steel manufacturers have reduced or ceased production as a result of supply chain disruptions and the breakdown of machinery. Since the restrictions have been lifted, the supply chain has resumed normal operations, and market participants have looked for ways to lessen the negative effect of coronavirus on their annual results. Efforts to revive economies and impose pro-business policies on the part of national governments are driving increased demand for new infrastructure. It's a more cost-effective and environmentally friendly alternative to using natural aggregate in concrete, asphalt, and railroad ballast.
Trade restrictions in important industrial countries like India and China have left steel makers short of raw materials since the COVID-19 breakout in late 2019, at least for the first half of 2020. Because of this, businesses were unable to produce as much, and fewer people wanted the end result. In addition, it has found extensive application in the building sector. A lack of workers and raw materials, disruptions in the supply chain, and stringent government control all had devastating effects on this sector during the pandemic. This resulted in an even lower level of product consumption in this sector. A number of steel manufacturers have reduced or ceased production as a result of supply chain disruptions and the breakdown of machinery. Since the restrictions have been lifted, the supply chain has resumed normal operations, and market participants have looked for ways to lessen the negative effect of coronavirus on their annual results. Efforts to revive economies and impose pro-business policies on the part of national governments are driving increased demand for new infrastructure. It's a more cost-effective and environmentally friendly alternative to using natural aggregate in concrete, asphalt, and railroad ballast.
Trade restrictions in important industrial countries like India and China have left steel makers short of raw materials since the COVID-19 breakout in late 2019, at least for the first half of 2020. Because of this, businesses were unable to produce as much, and fewer people wanted the end result. In addition, it has found extensive application in the building sector. A lack of workers and raw materials, disruptions in the supply chain, and stringent government control all had devastating effects on this sector during the pandemic. This resulted in an even lower level of product consumption in this sector. A number of steel manufacturers have reduced or ceased production as a result of supply chain disruptions and the breakdown of machinery. Since the restrictions have been lifted, the supply chain has resumed normal operations, and market participants have looked for ways to lessen the negative effect of coronavirus on their annual results. Efforts to revive economies and impose pro-business policies on the part of national governments are driving increased demand for new infrastructure. It's a more cost-effective and environmentally friendly alternative to using natural aggregate in concrete, asphalt, and railroad ballast.
Report Coverage
Global Steel Slag research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Steel Slag report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Steel Slag competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Steel Slag market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | ArcelorMittal (Luxembourg), Nippon Steel Corporation (Japan), Baosteel Group Corporation (China), JFE Steel Corporation (Japan), Tata Steel (India), POSCO (South Korea), Voestalpine Group (Austria), thyssenkrupp Steel Europe (Germany), Optimus Steel (U.S.), KOBE STEEL, LTD. (Japan) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Steel Slag Market from 2021 to 2030.
- Market Forecast for Steel Slag Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Steel Slag competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Steel Slag
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Steel Slag market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Steel Slag market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ArcelorMittal (Luxembourg), Nippon Steel Corporation (Japan), Baosteel Group Corporation (China), JFE Steel Corporation (Japan), Tata Steel (India), POSCO (South Korea), Voestalpine Group (Austria), thyssenkrupp Steel Europe (Germany), Optimus Steel (U.S.), KOBE STEEL, LTD. (Japan)
Primary Target Market
- Market Players of Steel Slag
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Steel Slag market based on the below-mentioned segments:
Global Steel Slag Market, By Type
Blast Furnace Slag
Steelmaking Slag
Global Steel Slag market, By Application
Construction
Cement & Concrete
Fertilizers
Others
Global Steel Slag market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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