Global Ferrous Slag Market Overview:
Ferrous slag, a by-product manufactured in the process of iron and steel manufacturing, is gaining increased popularity as a substitute product for natural aggregates in a variety of applications. Ferrous slags derived from the production of stainless steel, alloyed steel, or ferroalloys have to some extent different compositions than carbon steel slags in that they are enriched in Ca-Mg-silicate phases and contain less free lime or magnesia Some of the players profiled in the study are The Levy Company Inc. (United States), Novolipetsk Steel (Russia), ArcelorMittal (Luxembourg), Evraz (United Kingdom), Tata Steel (India), CRH (Ireland), JFE Steel (Japan), China Baowu Group (China), HBIS Group (China) and Shagang Group (China).
On the basis of geography, the market of Ferrous Slag has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channels, the sub-segment i.e. Direct Channels will boost the Ferrous Slag market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Equipment, the sub-segment i.e. Slag Handling Cranes will boost the Ferrous Slag market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing Requirement of Filling Materials in Construction and Building Activities
- Increase Production Steel Across the Globe
- Continuous Increase in Steel Manufacturing
- High Presence of Substitute Materials
- Fluctuation in Price of Raw Materials
- Increase in Construction and Building Activities
- Growing Demand in Asia Pacific Region
- Disruption in Supply Chain
The Service Providers are operating in the market are exploring their footprint in new geographical regions and also heavily investing in business growth strategies such as mergers & acquisitions, expansions, investments, new service launches, and others. The market key players are exploring new market opportunity areas through expansions and acquisitions across the globe to avail a competitive advantage through combined synergies.
Target Audience:Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Ferrous Slag Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study To define, describe, and forecast the Global Ferrous Slag market on the basis of product [Blast Furnace Slag and Steel Making Slag] , application [Construction, Cement Production, Agricultural and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Ferrous Slag market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Ferrous Slag industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Nippon Steel Corporation (Japan), POSCO (South Korea) and Ansteel Group (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Ferrous Slag market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.