United States Ground Granulated Blast-Furnace Slag (GGBFS) Market was valued at USD 4.10 Billion in 2022 and is projected to reach USD 5.90 Billion by 2030, growing at a CAGR of 5.4% from 2024 to 2030.
The US Ground Granulated Blast-Furnace Slag (GGBFS) market is growing rapidly, driven by its increasing demand across several industries. GGBFS is a by-product of iron and steel production and is primarily used as a supplementary cementitious material in concrete. It plays a critical role in reducing the carbon footprint of construction projects, making it highly desirable in the construction and infrastructure sectors. The market has witnessed a significant rise in adoption due to its environmental benefits and cost-effectiveness compared to traditional cement.
One of the key drivers of the GGBFS market is the construction industry's need for sustainable building materials. As governments and organizations push for green building practices, GGBFS provides a viable solution to reduce the environmental impact of construction projects. With the rise in eco-consciousness and regulatory policies pushing for reduced carbon emissions, GGBFS has found applications in producing low-carbon concrete, which is essential for meeting sustainability goals in various infrastructure projects.
The demand for GGBFS is also on the rise in the road construction, cement, and concrete manufacturing industries. Road construction projects, in particular, benefit from GGBFS due to its ability to improve the durability and performance of pavements, particularly in regions with harsh weather conditions. Additionally, its high resistance to chemical attacks and long-term strength enhancement make it a sought-after material for manufacturing cement and concrete.
Another industry that significantly contributes to the GGBFS market growth is the agriculture industry, where it is utilized for soil stabilization and improving agricultural land quality. Moreover, as industries such as construction and manufacturing focus on reducing their environmental impact, GGBFS usage has expanded across various sectors.
As demand for GGBFS continues to rise, industries are expected to increasingly incorporate this sustainable material into their processes. The growing need for construction materials that align with green initiatives and environmental sustainability goals indicates a promising future for the US Ground Granulated Blast-Furnace Slag market, enhancing its role across multiple industries.
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Boral Limited
Lafarge North America
Titan America
Aggregate Industries
Salt River Materials Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Ground Granulated Blast-Furnace Slag (GGBFS) Market
Standard GGBFS
Low Alkali GGBFS
High Reactivity GGBFS
Other Specialized GGBFS Products
Cement and Concrete Production
Road Construction
Infrastructure Projects
Landfill Applications
Other Industrial Applications
Construction
Infrastructure Development
Mining
Waste Management
Manufacturing
Blended Cement
Powdered GGBFS
Granulated GGBFS
Other Formulations
Calcium Silicate-Based
Sulfate-Based
Silica-Based
Other Chemical Compositions
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Ground Granulated Blast-Furnace Slag (GGBFS) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Ground Granulated Blast-Furnace Slag (GGBFS) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Ground Granulated Blast-Furnace Slag (GGBFS) Market, By Type
6. US Ground Granulated Blast-Furnace Slag (GGBFS) Market, By Application
7. US Ground Granulated Blast-Furnace Slag (GGBFS) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Ground Granulated Blast-Furnace Slag (GGBFS) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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