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Global Iron and Steel Slag Market Share, Size, Growth, Analysis, Forecast: By Process: Blast Furnace Slag, Steelmaking Slag; By Application: Building and Construction, Railways, Fertilisers, Metallurgical, Others; Regional Analysis; Market Dynamics; Trade Data Analysis; Competitive Landscape; Industry Events and Developments; 2023-2028
Global Iron and Steel Slag Market Outlook
The global iron and steel slag market is expected to grow at a CAGR of 2.10% during the forecast period of 2023-2028, driven by the rapid technological advancements.
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Global Iron and Steel Slag Market Trends
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.
- The growing demand for iron and steel slag from the construction industry, due to industry players looking to improve building expenditure, is expected to significantly affect the market. The growing population and rapidly increasing urbanization will further enhance the market development.
- Iron and steel slags are rising in application in various fields owing to the growing trend of utilizing recycled materials to address environmental concerns. Iron and steel slag also have several beneficial properties, including their density and hardness, that can be favourable for various civil engineering works.
- The increase in iron and steel-making processes around the world is a key factor driving the production of iron and steel production. With technological advancements, the slag removal and cooling of slags can be further enhanced, which can propel the market value.
Global Iron and Steel Slag Market Analysis
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Based on the process, the market can be segmented into blast furnace slag and steelmaking slag. The blast furnace slag segment can be further divided by type into granulated blast furnace slag and air-cooled blast furnace slag. The steelmaking slag segment is further bifurcated, based on type, into converter slag and electric arc furnace slag. Based on application, it can be bifurcated into building and construction, railways, fertilisers, and metallurgical, among others. The regional markets for the iron and steel slag can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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.
- POSCO International Corporation
- Tata Steel Limited
- Nippon Steel Corporation
- Stein, Inc.
- Others
Applications of Iron and Steel Slag in the Market
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.
Regional Outlook 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.
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Competitive Landscape
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.
Other market players include Nippon Steel Corporation and Stein, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Process |
|
| Breakup by Application |
|
| reakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Opportunities and Challenges in the Market
8 Global Iron and Steel Slag Market Analysis
8.1 Key Industry Highlights
8.2 Global Iron and Steel Slag Historical Market (2018-2022)
8.3 Global Iron and Steel Slag Market Forecast (2023-2028)
8.4 Global Iron and Steel Slag Market by Process
8.4.1 Blast Furnace Slag
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.1.4 Breakup by Blast Furnace Slag Type
8.4.1.4.1 Granulated Blast Furnace Slag
8.4.1.4.2 Air cooled Blast Furnace Slag
8.4.2 Steelmaking Slag
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.2.4 Breakup by Steelmaking Slag Type
8.4.2.4.1 Converter Slag
8.4.2.4.2 Electric Arc Furnace Slag
8.5 Global Iron and Steel Slag Market by Application
8.5.1 Building and Construction
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Railways
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Fertilisers
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Metallurgical
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Iron and Steel Slag Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Iron and Steel Slag Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Iron and Steel Slag Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Iron and Steel Slag Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Iron and Steel Slag Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Iron and Steel Slag Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code – 2619)
15.1 Major importing countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Exporting Countries
15.2.1 By Value
15.2.2 By Volume
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 ArcelorMittal S.A.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 POSCO International Corporation
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Tata Steel Limited
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Nippon Steel Corporation
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Stein, Inc.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Industry Events and Developments
List of Key Figures and Tables
1. Global Iron and Steel Slag Market: Key Industry Highlights, 2018 and 2028
2. Global Iron and Steel Slag Historical Market: Breakup by Process (USD Million), 2018-2022
3. Global Iron and Steel Slag Market Forecast: Breakup by Process (USD Million), 2023-2028
4. Global Iron and Steel Slag Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Iron and Steel Slag Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Iron and Steel Slag Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Iron and Steel Slag Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Iron and Steel Slag Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Iron and Steel Slag Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Iron and Steel Slag Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Iron and Steel Slag Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Iron and Steel Slag Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Iron and Steel Slag Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Iron and Steel Slag Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Iron and Steel Slag Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Iron and Steel Slag Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Iron and Steel Slag Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Major Importing Countries by Value
19. Major Exporting Countries by Value
20. Major Importing Countries by Volume
21. Major Exporting Countries by Volume
22. Global Iron and Steel Slag Market Structure.
Key Questions Answered in the Report
The market is expected to grow at a CAGR of 2.10% during the forecast period of 2023-2028.
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.
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