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Ground Granulated Blast-Furnace Slag (GGBFS) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22534
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Ground Granulated Blast-Furnace Slag (GGBFS) Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Ground Granulated Blast-Furnace Slag (GGBFS) | Specialty Chemical | USA | 60 USD/MT |
| Ground Granulated Blast-Furnace Slag (GGBFS) | Specialty Chemical | China | 57 USD/MT |
| Ground Granulated Blast-Furnace Slag (GGBFS) | Specialty Chemical | Germany | 43 USD/MT |
The price of GGBFS in the United States for Q4 2023 reached 60 USD/MT in December. The market witnessed a fall in prices during November 2023, attributed to the high availability of GGBFS due to the operation of metal furnaces in the steel sector.
The price trend for GGBFS in China reached 57 USD/MT in December 2023. Prices remained unchanged, maintaining a balance between supply and demand. Besides this, the market saw moderate supplies and stable demand, resulting in a balanced equilibrium.
In Germany, GGBFS prices were recorded at 43 USD/MT in December Q4 2023. The market experienced price stability throughout the quarter. However, there is a minor fall in the rates from the previous quarter, reflecting the bearish sentiment and the challenges faced by the construction sector.
Ground Granulated Blast-Furnace Slag (GGBFS) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Ground Granulated Blast-Furnace Slag (GGBFS) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of ground granulated blast-furnace slag (GGBFS) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of ground granulated blast-furnace slag (GGBFS) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of ground granulated blast-furnace slag (GGBFS) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing ground granulated blast-furnace slag (GGBFS) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Ground Granulated Blast-Furnace Slag (GGBFS) Market Analysis
The global ground granulated blast-furnace slag (GGBFS) market size reached US$ 417.1 Million Tonnes in 2023. By 2032, IMARC Group expects the market to reach US$ 522.7 Million Tonnes, at a projected CAGR of 2.50% during 2023-2032.
- GGBFS encounters heightened demand in construction projects owing to its robust strength, durability, and low heat of hydration. As the construction sector expands, the need for reliable and high-performance materials such as GGBFS increases to meet infrastructure demands.
- Additionally, sustainable building practices are becoming more popular, resulting in the growth of green building materials, which is further contributing to the expanding demand for GGBFS. Concurrently, growing awareness and concerns of the negative environmental effects of conventional building materials, such as Portland cement, is further boosting the demand for more environmentally friendly development techniques, thereby providing an impetus to the market growth.
- Moreover, favorable government initiatives promoting sustainable construction practices and stricter environmental regulations are fueling the utilization of GGBFS as a substitution for Portland cement. These policies incentivize the adoption of eco-friendly materials, thereby reducing energy consumption and carbon emissions in the construction industry.
- The global rise in infrastructure development projects, including roads, bridges, dams, residential buildings, and others is acting as another significant growth-inducing factor as the demand for durable and efficient construction materials like GGBFS remains consistently high.
- GGBFS’ superior attributes, such as enhanced workability, reduced absorbency, improved chemical resistance, and higher long-term strength, making it an attractive choice for modern construction projects are creating a positive outlook for market expansion.
- Besides this, the cost-effectiveness of GGBFS renders it a preferred option for cost-conscious building projects. Its lower price point, linked with its durability and performance benefits, makes it an economical choice without compromising on quality or longevity, which is further impelling the market growth.
- Furthermore, escalating awareness regarding the environmental impact of construction activities propels the shift towards sustainable building materials. As stakeholders prioritize eco-friendly options, there is a surging utilization of GGBFS, a byproduct of the steel industry, thereby aligning with efforts to reduce industrial waste and promote sustainability.
- Ongoing research and development (R&D) efforts aimed at enhancing the properties and compatibility of GGBFS with diverse concrete formulations are supporting its market expansion. These technological advancements extend its applications and improve its performance, thereby bolstering its adoption in the construction industry.
Ground Granulated Blast-Furnace Slag (GGBFS) News
The report covers the latest developments, updates, and trends impacting the global ground granulated blast-furnace slag (GGBFS) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in ground granulated blast-furnace slag (GGBFS) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the ground granulated blast-furnace slag (GGBFS) price trend.
Latest developments in the ground granulated blast-furnace slag (GGBFS) industry:
- In December 2023, Tata Steel launched Tata Dureco-a branded GGBFS made from the by-product of blast furnace slag. GGBFS has been successfully established as an alternative cementitious material in the construction industry.
- In August 2022, ECOCEM launched Superfine, a low-carbon super-high-grade GGBFS for specialist applications in Europe. Ecocem Superfine is a finer GGBFS designed to be used as a specialist additive in binders, industrial mortars, ultra-high-performance concrete (UHPC) , and precast concrete.
Product Description
Ground granulated blast-furnace slag (GGBFS) is a byproduct of iron and steel production processes. While producing iron, a molten blast furnace is rapidly cooled with water, resulting in the creation of a glassy and granular material. This material is then finely ground into a powder, resulting in ground granulated blast-furnace slag (GGBFS). It possesses cementitious properties when mixed with water, making it a valuable supplementary cementitious material in concrete production.
ground granulated blast-furnace slag (GGBFS) finds massive applications in the construction industry, remarkably in the production of concrete. It is frequently used as a partial replacement in concrete mixtures, leading to improved workability, reduced heat evolution, and enriched long-term strength and durability.
Additionally, ground granulated blast-furnace slag (GGBFS) is employed in specialized concrete applications such as high-performance concrete, mass concrete, and marine structures, owing to its ability to mitigate alkali-silica reactions and sulfate attacks, resulting in improved resistance to aggressive surroundings.
Regional Coverage
The report provides a detailed analysis of the ground granulated blast-furnace slag (GGBFS) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the ground granulated blast-furnace slag (GGBFS) price trend.
Global Ground Granulated Blast-Furnace Slag (GGBFS) Price
The report offers a holistic view of the global ground granulated blast-furnace slag (GGBFS) pricing trends in the form of ground granulated blast-furnace slag (GGBFS) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of ground granulated blast-furnace slag (GGBFS) but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed ground granulated blast-furnace slag (GGBFS) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Ground Granulated Blast-Furnace Slag (GGBFS) Price
The European region has experienced a stable and balanced ground granulated blast-furnace slag (GGBFS) demand, with no significant changes in prices. The market was influenced by several key factors, like the heightened availability of ground granulated blast-furnace slag (GGBFS) due to the continued operation of metal furnaces, driven by strong demand in the steel sector. This led to ample supplies in the market, which exceeded the moderate demand from the construction sector. The manufacturing purchasing managers index (PMI) of the region declined, indicating a downturn in economic activity.
This analysis can be extended to include detailed ground granulated blast-furnace slag (GGBFS) price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Ground Granulated Blast-Furnace Slag (GGBFS) Price
In North America, the ground granulated blast-furnace slag (GGBFS) market has experienced an overall stable price trend during the fourth quarter of 2023, except for a slight price breakdown in November, remaining relatively unchanged. Additionally, there was a balanced demand-supply situation, with moderate demand from the downstream construction sector and consistent supplies of the product. This equilibrium in the market contributed to price stability.
Specific ground granulated blast-furnace slag (GGBFS) historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Ground Granulated Blast-Furnace Slag (GGBFS) Price
The report explores the ground granulated blast-furnace slag (GGBFS) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on ground granulated blast-furnace slag (GGBFS) prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Ground Granulated Blast-Furnace Slag (GGBFS) Price
The ground granulated blast-furnace slag (GGBFS) pricing in the Asia Pacific region was influenced by increased product availability, stable demand, and a balanced supply-demand gap. The market experienced a surplus in supply due to the high operating rates of furnaces, which led to a decline in prices. Despite this, demand remained stable, with no significant change in queries from regular buyers. However, the economic slowdown in countries like China remained a concern, affecting overall industrial activities.
This ground granulated blast-furnace slag (GGBFS) price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Ground Granulated Blast-Furnace Slag (GGBFS) Price
The analysis of ground granulated blast-furnace slag (GGBFS) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Ground Granulated Blast-Furnace Slag (GGBFS) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Ground Granulated Blast-Furnace Slag (GGBFS) Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
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| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
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| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of ground granulated blast-furnace slag (GGBFS) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting ground granulated blast-furnace slag (GGBFS) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The ground granulated blast-furnace slag (GGBFS) price charts ensure our clients remain at the forefront of the industry.
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