The global Slag Cement market is projected to reach US$18.4 billion by 2027, growing at a CAGR of 6.1%
Growth of the market is predicted to be the highest, with an overall growth of about 5% over the forecast period. Slag is the term which is used as siliceous melt that grows in substantial amount from several processes used for the production of steel and iron specifically forming solid materials when the melted material cools. Slag on the production of ferrochrome is produced and is mainly used in the industry of steel. Slag is also produced from several processes like melting the non-ferrous metals, these materials can be studied independently.
The value of the Boiler Slag Cement market is projected to grow to US$18.4 billion with an estimated CAGR of 6.1% by 2027
The market is experiencing a demand in ferrous slag which is basically used in cement manufacturing. Portland and ground slag cement is anticipated to increase the production of ferrous slag cement by about 50%. Another main application is construction of roads followed by use of internal recycling of ferrous slag in terms of volume of about 12%. Because of its high value, demand for cement manufacturing is predicted to use about 90% of ferrous slag.
The global boiler slag market trends are charging the extra incentives on spreading the government rules for protecting the environment. The main objective is to charge the source of cost in the revenue production. Boiler slag is the melted form of ash of coal which is bound at the bottom of boiler or to the exhaust in filters. Boiler slag has the sizing of particles, mainly grinded with the aggregates for using the mixtures of asphalt. Stability of paving mixture suffers if the total percentage of boiler slag extends up to about 60%.
Boiler slags are continuously used in hot mix asphalt due to the surface wear resistant, durable and hard particles. Boiler slag is used in hot mix asphalt mixtures owing to the dust-free surface, adhesion, resistant to stripping and affinity of asphalt. The other property of boiler slag increases the value in overall flooring is the permanent black color not affecting the weather. Black color also helps in melting of snow from the surface of road in winters. This application of boiler slag is increasing the growth of global boiler slag market.
Boiler slag is used in asphalt paving in the past in Hammond, Indiana, for the experiment to solve the issue of overall polishing. Boiler slag is used as an aggregate in the hot mixture in several cities like Columbus, Cincinnati, Ohio and Tampa, Florida. These initiatives of government regarding the usage of boiler slag is fueling the boiler slag market growth.
Global boiler slag market is segmented on the basis of end-use, type and region. On considering the end-use, boiler slag market is divided into industrial, residential and commercial. On the basis of type, boiler slag market is divided into fly ash, coal ash, ferrous slag and more.
Geographically, regions involved in the development of boiler slag market size are North America, Asia Pacific, Europe and Middle East & Africa. Asia Pacific holds the largest boiler slag market share over the forecast period.
Boiler Slag Cement Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2027||US$18.4 billion|
|Growth Rate||CAGR of 6.1 % during 2021-2027|
|Segment Covered||By End-Use, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Nippon Steel, Edw. C. Levy Co., Stein, Inc., JFE Steel Corporation, Arcelor Mittal, TATA Steel, Harsco Corporation, TMS International, JSW Steel.|
Key Segments in the “Global Boiler Slag Market” are-
By End-Use, market is segmented into:
By Type, market is segmented into:
- Fly Ash
- Coal Ash
- Ferrous Slag
By Regions market is segmented into:
- North America
- Asia Pacific
- Middle East & Africa