https://www.fortunebusinessinsights.com/steel-slag-market-104124


https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/steel-slag-market-104124

Steel Slag Market Size, Share & Industry Forecast to 2032
The global steel slag market size was valued at USD 25.66 billion in 2022 and is projected to reach a
valuation of USD 26.83 billion in 2023. The market is expected to reach USD 38.28 billion by 2030
with a CAGR of 5.2% during the forecast period. Steel slag has various minerals which are used in
construction materials owing to its high hardness, durability, and ability to improve concrete
properties. The demand for road construction is supporting the market growth. Fortune Business
Insights™ shares this information in its report titled “Global Steel Slag Market, 2025-2030.”
Get a Free Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/steel-slag-market-104124
Segments
Blast Furnace Slag to Dominate Due to its Increasing
Usage in the Form of Hyttsten
On the basis of type, the market is divided into blast
furnace slag and steelmaking slag. The blast furnace
slag segment dominated as it is used in building roads,
pavements, drainage systems, and canals in the form
of hyttsten. Steelmaking slag is set to have market
growth as the material is highly used in civil
engineering and ground excavation for sand pile
compaction.
Cement & Concrete to Dominate Due to Beneficial
Properties of the Product
On the basis of application, the market is classified into construction, cement & concrete, fertilizers,
and others. Cement & concrete segment is set to hold the largest share due to increasing demand
for these products owing to various benefits such as high tensile strength, water resistance,
hardness, and chemical compatibility.
Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It
comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the
market. Additionally, it examines the regional developments and the strategies undertaken by the
market's key players.
Drivers and Restraints
Water Treatment and Land Reclamation Applications to Drive Market Growth
Water treatment and land reclamation applications are anticipated to drive the steel slag market
growth. The market offers opportunities for growth due to distinguished properties of the product
such as its excellent adsorption capabilities in water treatment. It has various elements such as

https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/steel-slag-market-104124


https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/steel-slag-market-104124

phosphate, silica, magnesium, iron, aluminum, and calcium which can be absorbed from sewage. It
can be used several and can help in land reclamation in various ways.
Regional Insights
Urbanization and Construction Activitiesto Drive Market Growth in Asia Pacific
Asia Pacific is set to lead the global steel slag market share due to economic expansion, urbanization,
and construction activities. The market reached the valuation of USD 17.49 billion in 2022 due to
demand for building material in countries such as China, Japan, and India.
Europe is driven by the demand for the product in infrastructure and industrial developments.
Electric arc furnace slag has high stability, durability, and frictional properties, making it suitable as a
ballast.
Key Industry Development
 March 2022- ArcelorMittal completed the acquisition of John Lawrie Metals Ltd. to increase
the usage of scrap steel to reduce carbon dioxide emissions from steelmaking.
List of Key Players Profiled in the Report: -
 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)
Get Your Customization Research Report:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/steel-slag-market-
104124
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping
organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients,
assisting them to address various challenges distinct to their businesses. Our aim is to empower
them with holistic market intelligence, providing a granular overview of the market they are
operating in.
Address:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower, Baner –

mailto:sales@fortunebusinessinsights.com


https://www.linkedin.com/company/fortune-business-insights/


https://twitter.com/FBInsightPvtLtd


https://fortunebusinessinsights.blogspot.com/

Mahalunge Road, Baner, Pune-411045,
Maharashtra, India.
Phone
US: +18339092966
UK: +448085020280
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Linkedin | Twitter | Blogs