The global iron and steel slag market is expected to grow at a CAGR of 2.10% during the forecast period of 2025-2034, driven by the rapid technological advancements.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
2.1%
Value in USD Million
2025-2034
Iron and Steel Slag Market Outlook
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Iron and steel slag are the by-products that are created during the smelting process of ores. The slag is a complex solution of silicates and oxides that are produced during the separation of impurities from molten steel and iron ore inside a furnace. The slags have moderate water absorption, rough surface texture, and moderate water absorption capacity.
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Global Iron and Steel Slag Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Breakup by Process
Breakup by Application
Breakup by Region
The market for iron and steel slag, based on application, can be divided into building and construction, railways, fertilisers, and metallurgical, among others.
Among these segments, the building and construction segment is expected to hold a major share of the market owing to the growing application of steel slag in road construction. The building and construction sector has increased its focus on the utilisation of waste materials and materials from demolished structures with an aim to reduce environmental impact.
The use of recycled or waste materials can also aid in developing sustainability, which can further increase the demand for iron and steel slag.
The regional markets for iron and steel slag market include North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa.
The Asia Pacific region is likely to have significant demand for iron and steel slag, owing to the rapid urbanisation and infrastructural development. Some of the major countries in the market include India, China, and Indonesia, among others countries. North America is expected to hold a significant share of the market owing to the rising awareness of the environmental impact, which can propel the utilisation of waste and reused materials.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global iron and steel slag market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
ArcelorMittal S.A. has been operating in the steel manufacturing industry since 2006, headquartered in Luxemburg. The company was formed with the merger of Arcelor and Mittal Steel. They are engaged in innovating steel production processes that can aid in reducing energy consumption and carbon emissions. It is one of the world’s largest corporations with business expanded across various industries, including automotive and mobility, construction, transport, mining, energy, appliances, and packaging.
POSCO International Corporation is one of the largest trading companies in the world. The company was formed in 1967 with the name Daewoo Corporation. It has established itself as a leading global player, engaging in different fields like international trade, development and management of infrastructure, and resource development, among others. The company’s export and import business deal with different materials, such as steel, cement, crude oil, heavy machinery, automobile parts, and textiles.
Tata Steel Limited is one of India’s largest companies and a leading player actively operating in the steel manufacturing industry. The company is headquartered in Maharashtra, India, and it was founded in 1907. The company works extensively in the steel industry and has developed various products, such as automotive steels, Galvano, pipes, bearings, ferroalloys, minerals, agriculture, construction, and related tools, among many others.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other market players include Nippon Steel Corporation and Stein, Inc., among others.
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The market is expected to grow at a CAGR of 2.10% during the forecast period of 2025-2034.
The market growth is driven by the growing utilization of steel slags in various civil engineering projects and the rising demand for waste and recycled materials by the construction industry.
The growing awareness among people regarding the environmental impact due to the exploitation of natural resources has compelled companies to utilise slags for various constructional activities, which can further aid the market development.
The regional markets for the global iron and steel slag market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The processes available in the market include blast furnace slag and steelmaking slag.
The different applications in the iron and steel slag market include building and construction, railways, fertilisers, and metallurgical, among others.
The key players in the market include ArcelorMittal S.A., POSCO International Corporation, Tata Steel Limited, Nippon Steel Corporation, and Stein, Inc., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Process |
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| Breakup by Application |
|
| reakup by Region |
|
| Market Dynamics |
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| Trade Data Analysis |
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| Competitive Landscape |
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| Companies Covered |
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