Ferrous Slag Market to Grow at a CAGR of 5.5% in the Forecast Period of 2023-2030
Ferrous Slag Market Overview The ferrous slag market report has witnessed significant growth in recent years due to its wide range of applications across various industries. Ferrous slag, also known as iron slag, is a by-product of iron and steel production. It is obtained during the smelting of iron ore and contains valuable components that can be utilized in different sectors. Ferrous Slag Market is USD 13,112.44 million in 2022. It is projected to reach USD 19,925.96 Million by 2030, indicating a CAGR of 5.5% during the forecast period. Market Drivers: The rising demand for sustainable construction materials, coupled with the increasing adoption of green building practices, is driving the market growth. Additionally, the growing emphasis on reducing carbon emissions and the use of recycled materials has further propelled the demand for ferrous slag. Furthermore, advancements in technology and manufacturing processes have led to the development of innovative applicat...