Global Portland Blast-Furnace Slag Cement Market Revenue Reached $82.16 Billion in 2023


Portland blast-furnace slag cement, mainly composed of blast furnace slag, Portland cement clinker, and an appropriate amount of gypsum, is a special type of cement. Its appearance and performance are similar to Portland cement, but its raw material cost is lower and it can significantly reduce carbon dioxide emissions, in line with the concept of sustainable development.

Segmented Market Analysis

According to the different chemical compositions, Portland blast-furnace slag cement can be divided into silicate Portland blast-furnace slag cement and aluminate Portland blast-furnace slag cement, etc; According to the different compressive strengths, Portland blast-furnace slag cement can be classified into different grades, such as CEM III/A, CEM III/B, CEM III/C, etc. Among them, the CEM III/A sub-product category has the highest sales volume and occupies the largest market share.

From the perspective of downstream applications, the current application of Portland blast-furnace slag cement mainly involves infrastructure construction fields such as building, transportation, ports and marine structures, and dam construction. In the future, with the development of emerging industries such as new energy and green buildings, the application of Portland blast-furnace slag cement in renewable energy, energy conservation, and environmental protection will gradually increase.

Global Portland Blast-Furnace Slag Cement Sales and Proportion by Type and Application in 2023

 

Sales (Million Tons)

Proportion

Segmented by Type

CEM III/A

646

49.69%

CEM III/B

343

26.40%

CEM III/C

311

23.92%

Segmented by Application

Buildings

285

21.88%

Transportation

245

18.87%

Port and Marine Structures

429

32.99%

Dam Construction

155

11.90%

Others

187

14.36%

Source: www.globalmarketmonitor.com

Overview of Market Development and Analysis of Market Development in Major Regions
With the steady growth of the global economy and the acceleration of infrastructure construction in various countries, as an important component of building materials, the demand for Portland blast furnace slag cement is increasing year by year, and its market is facing unprecedented development opportunities. According to our research data, the global Portland blast-furnace slag cement market revenue reached $82.16 billion in 2023. In the coming years, driven by factors such as the continued steady growth of the global economy, the prosperity of infrastructure construction and the real estate market, as well as the promotion and application of new industries and standards, the market will usher in greater development space. It is expected that by 2025, the global Portland blast furnace slag cement market revenue will increase to $90.09 billion.
Research shows that the Asia Pacific region is the core region of the global Portland blast furnace slag cement market. The Asia Pacific region is experiencing rapid economic growth, with booming infrastructure construction and real estate markets. The demand for Portland blast furnace slag cement continues to be strong. Data shows that in 2023, the sales of Portland blast-furnace slag cement in the Asia Pacific region reached 1113 million tons, accounting for 85.57% of the global total sales. In addition, although the Portland blast-furnace slag cement market in developed regions such as North America and Europe is relatively small, the demand is maintaining stable growth.
Global Portland Blast-Furnace Slag Cement Market Revenue and Sales Proportion by Region  

Global Portland Blast-Furnace Slag Cement Market Revenue and Sales Proportion by Region
Source: www.globalmarketmonitor.com




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