Dublin, May 21, 2024 (GLOBE NEWSWIRE) -- The "Global Ground Granulated Blast-Furnace Slag Market 2024-2028" report has been added to ResearchAndMarkets.com's offering.
The global ground granulated blast-furnace slag market is poised for significant growth, with a forecasted increase of USD 1385.2 million over the period from 2023 to 2028, maintaining a steady CAGR of 2.99%.
This growth trajectory is underpinned by the escalating demand for sustainable building materials, a robust expansion within the construction industry, and a surge in infrastructure investment.
Market Segmentation Insights
The comprehensive analysis segments the market into various categories to understand specific growth dynamics. By end-user, the demand in Portland cement and concrete, as well as bricks and blocks, illustrates the diverse applications of ground granulated blast-furnace slag.
Types of slag, such as alkalinity and acidic blast-furnace slag, offer further categorization, highlighting particular preferences in usage. Geographically, the report spans several key regions, including APAC, Europe, North America, the Middle East and Africa, and South America. This extensive regional analysis shines a light on different market behaviors and opportunities across the globe.
Strategic Industry Developments
Key factors such as the deceleration of China's economy are identified as significant influencers affecting market dynamics. However, the silver lining is found in expansions within manufacturing facilities and increased product innovation. New product launches and an augmented utilization of ground granulated blast-furnace slag by leading market vendors will likely generate substantial demand.
Vendor Analysis and Competitive Landscape
The market features a robust and competitive vendor landscape. Prominent players include Ashtech India, Astrra Chemicals, Balaha Group, Betolar Plc, Boral Ltd., and numerous other influential companies that contribute to the vitality of the market. An in-depth analysis within the report underscores the efforts made by these enterprises to improve their market positions, while also anticipating the emergence of future growth opportunities.
The ground granulated blast-furnace slag market is segmented as below:
By End-user
- Portland cement and concrete
- Bricks and blocks
By Type
- Alkalinity blast-furnace slag
- Acidic blast-furnace slag
Companies Profiled:
- Ashtech India
- Astrra Chemicals
- Balaha Group
- Betolar Plc
- Boral Ltd.
- Cementation India Pvt. Ltd.
- DONG SON Resources.
- Ecocem
- Fico YTL Vietnam
- Heidelberg Materials AG
- Henan Zhengzhou Mining Machinery Co. Ltd.
- Holcim Ltd.
- IVS industries
- JFE Holdings Inc.
- JSW Group
- Luossavaara Kiirunavaara AB
- Millennium Multi Trade Pvt. Ltd.
- Nippon Steel Corp.
- Saudi Readymix Concrete Company Ltd.
- Tata Sons Pvt. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/lqgvh8
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