Global Ground Granulated Blast-Furnace Slag (GGBFS) Market Growth 2025-2031

The global Ground Granulated Blast-Furnace Slag (GGBFS) market size is predicted to grow from US$ 9448 million in 2025 to US$ 10620 million in 2031; it is expected to grow at a CAGR of 2.0% from 2025 to 2031.

The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.

Ground-granulated blast-furnace slag (GGBS or GGBFS) is obtained by quenching molten iron slag (a by-product of iron and steel-making) from a blast furnace in water or steam, to produce a glassy, granular product that is then dried and ground into a fine powder. Ground -granulated blast furnace is highly cementitious and high in CSH (calcium silicate hydrates) which is a strength enhancing compound which increases the strength, durability and appearance of the concrete.

Market Drivers

Sustainable Construction Demand: Growing emphasis on eco-friendly building materials is boosting GGBFS adoption.

Infrastructure Development: Increased investments in infrastructure projects worldwide are fueling market growth.

Carbon Reduction Initiatives: GGBFS's ability to reduce CO₂ emissions in cement production aligns with global sustainability goals.

The main manufacturers in this industry include ArcelorMittal, Nippon Steel, Baowu Steel, POSCO, Hesteel Group, JFE Steel, Tata Steel, Nucor Corporation, etc. The market concentration is dispersed, and the top five manufacturers account for about 20%.

LP Information, Inc. (LPI) ' newest research report, the “Ground Granulated Blast-Furnace Slag (GGBFS) Industry Forecast” looks at past sales and reviews total world Ground Granulated Blast-Furnace Slag (GGBFS) sales in 2024, providing a comprehensive analysis by region and market sector of projected Ground Granulated Blast-Furnace Slag (GGBFS) sales for 2025 through 2031. With Ground Granulated Blast-Furnace Slag (GGBFS) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ground Granulated Blast-Furnace Slag (GGBFS) industry.

This Insight Report provides a comprehensive analysis of the global Ground Granulated Blast-Furnace Slag (GGBFS) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ground Granulated Blast-Furnace Slag (GGBFS) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Ground Granulated Blast-Furnace Slag (GGBFS) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ground Granulated Blast-Furnace Slag (GGBFS) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ground Granulated Blast-Furnace Slag (GGBFS).

This report presents a comprehensive overview, market shares, and growth opportunities of Ground Granulated Blast-Furnace Slag (GGBFS) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
SSA ≥ 300m²/Kg
SSA ≥ 400m²/Kg
SSA ≥ 500m²/Kg

Segmentation by Application:
Cement Production
Concrete Aggregate
Roadbed Material
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
ArcelorMittal
Nippon Steel
China Baowu Steel
POSCO
Hesteel Group
JFE Steel
Tata Steel
Nucor Corporation
Hyundai Steel
Jiangsu Shagang
Ansteel Group
NLMK Group
Gerdau
Shougang Group
US Steel
EnGro Building Material
LKAB Minerals
Liberty Galati S.A.
Heidelberg Materials

Key Questions Addressed in this Report

What is the 10-year outlook for the global Ground Granulated Blast-Furnace Slag (GGBFS) market?

What factors are driving Ground Granulated Blast-Furnace Slag (GGBFS) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Ground Granulated Blast-Furnace Slag (GGBFS) market opportunities vary by end market size?

How does Ground Granulated Blast-Furnace Slag (GGBFS) break out by Type, by Application?

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