South Korea Non-Ferrous Metallic Slag Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
South Korea's Non-Ferrous Metallic Slag Market: Types and Industry Requirements
South Korea has established itself as a leader in the recycling of metallic slag, achieving a remarkable 99.8% recycling rate in 2009. This impressive figure underscores the country's commitment to sustainable industrial practices and the efficient utilization of by-products. The non-ferrous metallic slag market in South Korea encompasses various types of slags, each with distinct characteristics and applications.
Types of Non-Ferrous Metallic Slag in South Korea:
Copper Slag: Produced during copper smelting, this slag is rich in iron and silicates, making it suitable for use as an abrasive material and in cement production.
Aluminum Slag: Generated from aluminum refining, aluminum slag contains aluminum oxides and is often processed further to recover aluminum. The residual material can be utilized in construction materials.
Zinc Slag: Resulting from zinc extraction processes, zinc slag contains zinc oxides and can be used in the production of cement and as a filler material in road construction.
Lead Slag: Produced during lead smelting, lead slag contains lead compounds and is processed to recover lead. Treated lead slag can be used as a supplementary cementitious material.
Industry Requirements and Applications:
The construction industry in South Korea is a major consumer of non-ferrous metallic slags. These materials are valued for their durability, strength, and resistance to harsh environmental conditions. The incorporation of non-ferrous slags in construction materials not only enhances the mechanical properties of the end products but also contributes to environmental sustainability by reducing the need for natural raw materials.
In cement production, non-ferrous slags serve as supplementary cementitious materials (SCMs). Research has shown that treated copper and lead slags can partially replace cement in concrete mixtures, contributing to strength development and durability. This practice aligns with global efforts to reduce the carbon footprint of cement production by incorporating industrial by-products.
The road construction sector also benefits from the use of non-ferrous slags. Zinc and copper slags, for instance, are utilized as aggregates in road base layers, providing stability and longevity to road infrastructures. Their application in road construction not only improves the quality of roads but also offers a cost-effective alternative to traditional materials.
Market Trends and Future Outlook:
The global non-ferrous metallic slag market is projected to grow at a compound annual growth rate (CAGR) of 4.8% from 2023 to 2032, reaching approximately USD 2.3 billion by 2032. This growth is driven by the increasing utilization of non-ferrous slags in various industrial applications, particularly in construction and cement production. South Korea's robust recycling infrastructure and commitment to sustainable practices position it well to capitalize on this growing market.
As industries worldwide continue to seek sustainable and cost-effective materials, the demand for non-ferrous metallic slags is expected to rise. South Korea's experience and expertise in recycling and utilizing these materials can serve as a model for other countries aiming to enhance their industrial sustainability practices.
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Aurubis
STEINERT
Recco
Sims Metal
OmniSource
Schnitzer Steel
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 South Korea Non-Ferrous Metallic Slag Market
Processed Slag
Unprocessed Slag
Aluminium Slag
Copper Slag
Zinc Slag
Nickel Slag
Lead Slag
Construction Materials
Fertilizers
Road Base Materials
Glass Manufacturing
Cement Production
Oxides
Metalliferous Recovery
Silicates
Other Chemical Compositions
Thermal Treatment
Chemical Treatment
Physical Separation
Hydrometallurgical Treatment
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Non-Ferrous Metallic Slag 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. South Korea Non-Ferrous Metallic Slag Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Non-Ferrous Metallic Slag Market, By Type
6. South Korea Non-Ferrous Metallic Slag Market, By Application
7. South Korea Non-Ferrous Metallic Slag Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Non-Ferrous Metallic Slag Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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