Ground Granulated Blast-Furnace Slag (GGBFS) Prices In USA
- United States: 60 USD/MT
The price of GGBFS in the United States for Q4 2023 reached 60 USD/MT in December.
The latest report by IMARC Group, titled "Ground Granulated Blast-Furnace Slag (GGBFS) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the Ground Granulated Blast-Furnace Slag (GGBFS) Prices. This report delves into the price of Ground Granulated Blast-Furnace Slag (GGBFS) globally, presenting a detailed analysis, along with informative Price Chart. Through comprehensive Price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Ground Granulated Blast-Furnace Slag (GGBFS) Prices Analysis
- China: 57 USD/MT
- Germany: 43 USD/MT
Report Offering:
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The study delves into the factors affecting Ground Granulated Blast-Furnace Slag (GGBFS) price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Ground Granulated Blast-Furnace Slag (GGBFS) Price Trend Last Quarter
Ground Granulated Blast-Furnace Slag (GGBFS) is a byproduct derived from the iron and steel manufacturing process. It is produced by quenching molten iron slag from a blast furnace in water or steam, to produce a glassy, granular product that is then dried and ground into a fine powder. GGBFS is primarily used in the construction industry as a supplementary cementitious material (SCM) in concrete and cement products.
It enhances the durability, strength, and sustainability of concrete structures by reducing the permeability and improving the workability of the mix. Additionally, GGBFS helps in minimizing the carbon footprint of concrete by partially replacing Portland cement, thereby contributing to environmental conservation efforts. Its application extends to the construction of roads, bridges, high-rise buildings, and other infrastructure projects where long-term performance and sustainability are critical.
Ground Granulated Blast-Furnace Slag (GGBFS) Industry 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. The Ground Granulated Blast-Furnace Slag (GGBFS) market is witnessing significant growth primarily driven by the increasing demand for sustainable construction materials, propelled by stringent environmental regulations and growing awareness about reducing carbon emissions in the construction industry. Furthermore, the rise in infrastructure development projects, particularly in emerging economies, is bolstering the demand for GGBFS. As governments and private entities invest in large-scale construction projects, the need for high-performance, cost-effective building materials is escalating.
In line with this, the growing adoption of green building standards and certifications, such as LEED (Leadership in Energy and Environmental Design), is further propelling the market. GGBFS is recognized for its eco-friendly properties, and its use can contribute to achieving higher LEED ratings, which are increasingly sought after in modern construction projects. Moreover, advancements in production technology are enhancing the quality and efficiency of GGBFS, making it more accessible and affordable for a broader range of applications. The development of new applications, such as its use in soil stabilization and road construction, is also expanding the market potential of GGBFS. These factors are collectively creating a positive outlook
Regional Price Analysis:
- 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
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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