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Ferrous Slag Market By Application (Pipe bedding, Aggregates, Hydraulic bound mixes, Filter media, Agricultural And Others (Granular, Capping, Glass Making, Plaster etc.)) - Growth, Future Prospects And Competitive Analysis, 2016 – 2023

Ferrous Slag Market

SLAG is a broad term covering all non-metallic co-products resulting from the separation of a metal from its ore; its chemistry and morphology depend on the metal being produced and the solidification process used. Ferrous lags can be broadly categorized as ferrous (iron and steel) and non-ferrous (copper, lead, and zinc), depending on the industry from which they come. Depending on the iron and steel production process, different slag types can be manufactured, like blast furnace slag, basic oxygen furnace slag, electric arc furnace slag, secondary metallurgical slag, and other slag.

Based on the application, the global ferrous slag market is divided into pipe bedding, aggregates, hydraulic bound mixes, filter media, agricultural, and other applications. Growing demand from construction activities is expected to drive the growth of the ferrous slag market over the forecast period. According to industry experts, aggregates are expected to remain the key driver for the ferrous slag market, coupled with increasing demand for pipe bedding, agricultural, and filter media owing to rapid industrialization, especially in regions such as BRIC, which is anticipated to fuel the growth of the ferrous slag market.

The global ferrous slag market is segmented by geography into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa regions. In 2015, Asia Pacific was observed as the largest and fastest-growing market for ferrous slag. Due to increasing industrialization and development in the agricultural sector in China, India, Japan, and South Korea over the past few years, ferrous slag is gaining popularity in Asian countries.

With the collapse of construction activity in Europe, the global ferrous slag market is expected to increase slowly; changes in the Chinese steel industry, changing environmental legislation, direct intervention from governments and international bodies, etc., are the key trends observed in the industry.

A few key manufacturers in the ferrous slag market include Lafarge-Holcim (Switzerland), Lehigh Cement/Hanson (U.S.), Ash Grove Cement (U.S.), St. Mary's Cement Inc. (Canada), Argos (U.S.), Harsco (U.S.), and TMS International (U.S.).The ferrous slag market is expected to exceed US$ 36.5 billion by 2023, growing at a CAGR of 1.8% between 2016 and 2023.

Purpose of the Report

The purpose of this strategic research study titled "Global Ferrous Slag Market: Growth, Future Prospects, and Competitive Analysis, 2016–2023" is to offer industry investors, company executives, and industry participants in-depth insights to enable them to make informed strategic decisions related to the opportunities in the global ferrous slag market.

Target Audience

  • Industry Investors
  • Procurement Managers from End User Companies
  • Ferrous Slag Manufacturers
  • Distributors

On the basis of its application, the ferrous slag market is categorized into the following segments:

  • Pipe bedding
  • Aggregates
  • Hydraulic-bound mixes
  • Filter media
  • Agricultural
  • Others (granular, capping, glass making, plaster, etc.)

Global ferrous slag market revenue is expected to grow at a significant rate of 1.8% over the forecast period of 2016–2023. Based on the application, the global ferrous slag market is divided into pipe bedding, aggregates, hydraulic bound mixes, filter media, agricultural, and other applications. Growing demand from construction activities is expected to drive the growth of the ferrous slag market over the forecast period.

According to industry experts, aggregates are expected to remain the key driver for the ferrous slag market, coupled with increasing demand for pipe bedding, agricultural, and filter media owing to rapid industrialization, especially in regions such as BRIC, which is anticipated to fuel the growth of the ferrous slag market.

Increasing demand for ferrous slag, especially in the Asia Pacific, due to rapid population growth in emerging economies such as India and China is anticipated to fuel demand for the global ferrous slag market over the forecast period of 2016–2023. Other factors, such as the expanding range of applications such as hydraulic bound mixes and other applications, are expected to drive ferrous slag growth during the forecast period.

On the basis of geography, the global ferrous slag market is segmented into the following categories:

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • rest of Latin America
  • Middle East and Africa

The global ferrous slag market is segmented by geography into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa regions. The total output of ferrous slag is expected to increase only slowly or to stagnate and decline marginally because electric arc furnace steelmaking capacity is expected to grow faster in upcoming years. In 2015, Asia Pacific was observed as the largest and fastest-growing market for ferrous slag.

Due to increasing industrialization and development in the agricultural sector in China, India, Japan, and South Korea over the past few years, ferrous slag is gaining popularity in Asian countries.

The market for ferrous slag in Latin America, the Middle East, and Africa is likely to grow considerably during the forecast period owing to an increase in the utilization of ferrous slag in aggregate and filters. The growth in demand has been accelerated by environmental legislation and by direct intervention from governments and international bodies.

Frequently Asked Questions:

The market for Ferrous Slag Market is expected to reach US$ 36.5 Bn By 2023.

The Ferrous Slag Market is expected to see significant CAGR growth over the coming years, at 1.8%.

The report is forecasted from 2016-2023.

The base year of this report is 2015.

Lafarge-Holcim (Switzerland), Lehigh Cement/Hanson (U.S.), Ash Grove Cement (U.S.), St. Mary's Cement Inc. (Canada), Argos (U.S.), Harsco (U.S.), and TMS International (U.S.) are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jan 2017
Category:  Chemicals
Report ID:   58302
Report Format:   PDF
Pages:   120
Rating:    4.4 (60)
Delivery Time: 24 Hours to 48 Hours   
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