Global Iron and Steel Slag Market, By Type (Blast Furnace, Steel Making), By Application (Constructi

Published Date: | Report Code : MT1958293

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Growing demand from end-use industry applications in developing regions and promotion of application specific grades by companies is expected to drive the iron and steel slag market during the forecast period. This market has witnessed a number of key developments in terms of application specific grade developments and strategic investments in emerging regions by companies to strengthen their market position in the global market. Some of the other key factors governing the market dynamics include regulatory scenario, exchange rates, environmental constraints, and so on. All these factors are expected to have a significant impact on the dynamics of iron and steel slag market during the forecast period.

An iron and steel slag is a glass-like by-product left over after the metal has been separated from its raw ore. Iron and steel slag, also known as ferrous slag, is generally produced by adding limestone (or dolomite), lime and silica sand to blast furnaces and steel furnaces to strip impurities from iron ore, scrap and other ferrous feed materials to lower the heat requirements of the iron- and steel making processes.

Segment Analysis:

On the basis of type, it is segmented into a blast furnace slag and steel making slag. The steel making slag is most commonly used than the blast furnace slag as it contains a higher amount of iron and tends to be hard and dense. Thus making it very suitable for use in ready-mixed concrete, concrete products, road bases and similar applications in construction. The steel making slag is used up to 10% in the manufacture of Portland Cement.

By application, it is segregated into construction, railways, and fertilizers. The construction sector majorly uses iron and steel slag as it has numerous benefits, such as it increases the binding capacity of the cement, and hence provides the necessary strength to hold large structures.

Key Factors Impacting Market Growth:

  • Rapidly growing demand of iron and steel slag from the construction industry.

  • The increasing environmental awareness about iron and steel slag, which is considered as a significantly recycled material

Regional Analysis:

The regional outlook section for iron and steel slag market provides the region-wise market projections along with related market dynamics. In addition, this section provides further information about segments in the market on regional basis and country-wise outlook. Major regions considered in this report include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and Rest of the World. North America and Western Europe have been traditional markets with sizeable demand for advanced materials from end-use industries. North America and Western Europe with an established industrial sector having substantial contribution towards respective economies are estimated to dominate overall demand by region. Some of the major industries in this regionincludes automotive, heavy engineering, building & construction, aerospace & defense, mining, and so on. This industries are expected to register steady growth in North America and Western Europe region during the forecast period.

Asia Pacific region is estimated to register highest CAGRwith strong industrial and infrastructural growth. Some of the major economies, in the region include China, India, South Korea, Japan, Australia, and so on. In addition, favourable conditions for production activities in addition to the growing market demand has attracted global companies to make strategic investments in this region. Middle East and Eastern Europe with countries including UAE, Russia, Saudi Arabia, Turkey, and Qatar are expected to be potential markets with growth of industrial sector in the region. Rest of the World consisting of South America and Africa are estimated to be emerging regions for iron and steel slag market during the forecast period.

Companies Covered: Steel Authority of India Limited, Nippon Steel & Sumitomo Metal Corporation, Edw. C. Levy CO., Stein, Inc., JFE Steel Corporation, Arcelor Mittal, TATA Steel, NLMK, Harsco Corporation, POSCO, TMS International, and JSW Steel.

Market Segmentation:

By Type:

  • Blast Furnace

  • Steel Making

By Application:

  • Construction

  • Railways

  • Fertilizers

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Type

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Type

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Application

Reasons to Buy This Report:

  • Market size estimation of the global iron and steel slag market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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