Global Ground Granulated Blast-Furnace Slag (GGBFS) Market to 2028: Growing Use in Road Construction Fuels the Sector

Dublin, Oct. 31, 2023 (GLOBE NEWSWIRE) -- The "Ground Granulated Blast-Furnace Slag (GGBFS) Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028" report has been added to's offering.

The global Ground Granulated Blast-Furnace Slag (GGBFS) market, which achieved a volume of 405.45 million tonnes in 2022, is poised for robust growth with a projected Compound Annual Growth Rate (CAGR) of 2.85% until 2028. It is expected to reach an estimated volume of 475.26 million tonnes by 2028.

GGBFS, a valuable by-product from raw iron production, enhances concrete properties such as strength, workability, and durability.

Key Market Drivers:

Growing Use in Road Construction:

  • GGBFS is increasingly favored in the construction industry, particularly in road construction, due to its ability to improve concrete strength and durability.
  • Its sustainability benefits align with the industry's environmental focus, making it an eco-friendly choice. GGBFS reduces waste, lowers energy consumption, and minimizes carbon emissions during production.

Demand for Strong and Durable Concrete Structures:

  • The construction industry is witnessing rising demand for durable concrete structures capable of withstanding various environmental conditions.
  • GGBFS is used as a partial replacement for cement in concrete mixtures to enhance compressive and flexural strength, as well as resistance to chemical attacks, resulting in longer-lasting structures.

Expansion in Steel and Iron Production:

  • The increase in steel and iron production, driven by infrastructure development and urbanization, contributes to the availability of blast-furnace slag, a raw material for GGBFS.
  • GGBFS reduces waste from steel and iron production, aligning with sustainability goals and regulatory requirements.

Key Market Challenges:

Initial Investment and Cost Considerations:

  • Setting up GGBFS production infrastructure requires a significant initial investment, potentially limiting accessibility.
  • Cost differentials with conventional materials and fluctuating supply and demand dynamics can impact market penetration.

Compatibility with Concrete Mixtures:

  • Achieving the desired balance of strength, workability, and durability in concrete mixtures when using GGBFS can be challenging.
  • GGBFS properties may affect early-age strength and workability, requiring adjustments in mix design and careful consideration of compatibility.

Key Market Trends:

Surge in Research and Development (R&D):

  • R&D activities are driving advancements in GGBFS properties, aiming to enhance concrete performance and sustainability.
  • Innovative applications beyond traditional construction materials are being explored, including soil stabilization and waste management.
  • Sustainability-focused R&D seeks to reduce GGBFS production's carbon footprint and expand the use of alternative sources and recycled materials.

Companies Mentioned

  • 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.

Report Scope:

In this report, the Global Ground Granulated Blast-Furnace Slag (GGBFS) Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Ground Granulated Blast-Furnace Slag (GGBFS) Market, By Type:

  • Alkalinity Blast-Furnace Slag
  • Acidic Blast-Furnace Slag

Ground Granulated Blast-Furnace Slag (GGBFS) Market, By Application:

  • Portland Cement and Concrete
  • Bricks and Blocks
  • Road Construction
  • Soil Stabilization
  • Waste Treatment
  • Others

Ground Granulated Blast-Furnace Slag (GGBFS) Market, By Region:

  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Key Attributes:

Report AttributeDetails
No. of Pages180
Forecast Period2022 - 2028
Estimated Market Value (Tonnes) in 2022Tonnes405.45 Million
Forecasted Market Value (Tonnes) by 2028Tonnes475.26 Million
Compound Annual Growth Rate2.8%
Regions CoveredGlobal

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Ground Granulated Blast-Furnace Slag (GGBFS) Market

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