Copper Slag Market By Grain Size (0-1.0mm, 1.1-2.0mm, > 2.0 mm), By Type of Application (Blasting Agent, Concrete Filler, Colorant, Others), and By Region (North America, Europe, Asia Pacific, Latin America, MEA) — Global Forecasts 2016 to 2026

Date : Apr 2021

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Report ID : 69

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Category : Metals and Mining

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Report Format:  PDF EXCEL PPT WORD

Copper Slag Market Report Overview:

The Copper Slag market is projected to grow at a CAGR of 5.5% to reach USD 800.1 million by 2026 from 550 million in 2019. The utilization of solid waste is emerging as a key challenge for the mining and metallurgy industry.  Civil and environmental engineers are working towards developing processes and technologies for utilizing the waste generated from different industries in order to achieve sustainable development, and at the same time, assist companies in the metallurgy value chain in getting additional revenue from waste disposal. Copper slag is one such by-product that is obtained during the smelting and refining of copper. The waste copper slag can be used in areas such as abrasive tools, road construction, and ballast.

Governments in various countries are also encouraging recycling to promote effective waste management. The market is growing due to an increasing preference for Copper Slag on account of environmental concerns, depleting natural reserves and increasing prices of raw metal ores, and the emergence of new technologies. Other factors favoring the growth of this market include increasing urbanization and increasing rate of industrialization in developing countries.

Copper Slag Market

Cement and concrete production has emerged as one of the greatest emerging potential applications where the copper slag can be reused. Companies are reusing copper slag in the production of cement, mortar, and concrete where the copper slag is mixed with lime stone powder, dust and cement. It is being used as a partial replacement of coarse and fine aggregates. The use of copper slag in cement and concrete thus addresses sustainability issues as well as it provides economic benefits for all related industries in copper value chain, particularly in areas where a considerable amount of copper slag is generated.

The research report analyses the ecosystem and value chain of Copper Slag market t. The report categorizes the Copper Slag Market to forecast the revenues and analyze the trends in each of the following below-mentioned market segments.

Copper Slag Market Segmentation:

  • Market Size by Grain Size

    • 0-1.0mm
    • 1.1-2.0mm
    • > 2.0 mm
  • Market Size by Application

    • Blasting Agent
    • Concrete Filler
    • Colorant
    • Others
  • Geography

    • North America
      • US
      • Canada
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Rest of Europe
    • APAC
      • China
      • India
      • Japan
      • South Korea
      • Singapore
      • Rest of APAC
    • RoW
      • Middle East
      • Africa
      • LATAM

The unique insights provided by this report also includes the following:

  1. In-depth value chain analysis
  2. Opportunity mapping
  3. Sector snapshot
  4. Technology landscape
  5. Regulatory scenario
  6. Patent trends
  7. Market trends
  8. Covid-19 impact analysis
  9. Raw material supply analysis
  10. Pricing trends
  11. Sustainability trends and environmental concerns
  12. Critical Success Factors
  13. Competitive Landscape
  14. Customer preferences

The report also provides an in-depth impact analysis of market trends of the Copper Slag market:

Trends Impact
Increasing utilization of copper slag as a sustainable construction material in road constructions Positive
Increasing research and studies related to use of carbon slag as cement replacement in high-performance concrete Positive
Pressing need globally to tackle the ever-increasing demand for development using innovative and environment-friendly ways and optimizing the use of natural resources is one of the key focal points of the organizations  Positive

In terms of market by application type, the Concrete Filler segment is estimated to be the fastest-growing segment of the Copper Slag market during the forecast period

Based on the application the copper slag market is segmented as a blasting agent, concrete filler, colorant, and others. Copper slag is a highly efficient blasting agent in addition to its properties of cleaning and blasting multiple types of surfaces. The product can be successfully used in open space blasting being an ecological product with minimum impact on the environment. This is anticipated to accelerate the demand for copper slag in blasting applications during the forecast period.

Additionally, concrete and mortar produced by replacing parts of the river sand by copper slag are found to be more resistant in time, has lower water absorption, and have low permeability, which further increases its use as concrete filler.

The Concrete Filler segment was the fastest-growing segment of the Copper Slag market during the forecast period. This can also be attributed to the growing consumption of copper slag material in the construction industry.

The Copper Slag market for the Concrete Filler segment is also expected to grow at a healthy CAGR. The Copper Slag is being increasingly adopted by various organizations across the globe. Building and Construction are estimated to be the largest and fastest-growing end-use industry of the Copper Slag market in terms of market size and CAGR trend during the forecast period.

The Asia Pacific is expected to be the largest region in the forecast period

Asia Pacific region accounted for the largest share of the Copper Slag market followed by the other regions. The North America Copper Slag market is also projected to witness a higher product demand in the coming years on account of increasing consumption in end-user industries. The demand in Asia Pacific region is primarily driven on account of demand from end-user industries. The Asia Pacific region is growing on account of rising urbanization, industrialization, and the presence of a large number of copper manufacturing units that generate the copper slag as waste or by-product. The government initiatives and rise in residential and commercial construction projects have also helped in contributing to a growing market of copper slag.

The report also provides an in-depth analysis of market dynamics such as drivers, restraints opportunities, and challenges:

Drivers:

  • The growing market for green buildings
  • Government initiatives supporting effective waste management
  • Increasing awareness among people regarding environmental sustainability, waste management, and recycling has turned out to be a driving force behind the fast-growing market of Copper Slag
  • Increasing demand for environmentally friendly alternatives for construction material
  • Shortage of waste landfill space for waste disposal

Restraints:

  • Regulations hampering free trade of scrap
  • Dumping of copper slag in landfills

Opportunities:

  • Demand from emerging economies
  • Rising development of advanced recycling technologies
  • New processes for Copper recovery from bioleaching of copper slag

Challenges:

  • Poor segregation of waste at source

The report also provides an analysis of recent news and developments in the copper slag market value chain:

Sr. No. Date News Category Description
1 Feb-21 Product Launch Japan’s Mitsubishi Materials Corp completes the purchase of a 30% stake in Chile’s Mantoverde copper mine from Mantos Copper. Mitsubishi agreed to provide a US$ 60 Mn credit facility for the completion of a project that provides the company an incremental copper concentrates that it produces. Mitsubishi is Japan’s one of the largest smelters and the project will increase the company’s production of copper slag.

Company Profiles and Competitive Intelligence

The key players operating in the copper slag market are:

  1. Star Trace Pvt. Ltd.
  2. GritSablare
  3. Rolex Enterprise
  4. STAR-GRIT
  5. Mitssubishi Materials Trading Corporation
  6. Abrasive Shot
  7. Opta Group LLC.
  8. Copag Abrasives & Minerals
  9. Maxhot Metal Cast Solutions Sdn Bhd
  10. BlastOne International
  11. Gritankos
  12. Uralgrit
  13. Black Diamond
  14. Brümmer Strahlmittel GmbH & Co. KG
  15. Navdeep Trradex
  16. Sterlite copper
  17. Kalyan Industries
  18. West India Chemicals
  19. Elemetal B.V.
  20. Euroblastme Middle East LLC
  21. Sibelco
  22. Brümmer Strahlmittel GmbH & Co. KG
  23. Rio Tinto
  24. KGHM
  25. First Quantum
  26. BHP Copper Inc.
  27. Codelco
  28. Glencore
  29. Barrick Gold Corporation
  30. Freeport-McMoRan
  31. Teck Resources
  32. Newmont Corporation
  33. Southern Copper Corporation
  34. Others

Author Credentials

Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.

  1. Market Introduction
    1. Definition
    2. Scope Of The Study
    3. List Of Assumptions
    4. Market Structure
  2. Executive Summary
    1. Market Summary
    2. Market Snapshot
    3. Regional Snapshot
    4. Country Snapshot
  3. Research Methodology
    1. 3P Research Approach
    2. Market Sizing Approach
    3. Data Sources
    4. Primary Research Coverage
  4. Market Overview
    1. Market Drivers
    2. Opportunities
    3. Value Chain Analysis
    4. Recycling Rates
    5. Pricing Analysis
  5. Premium Insights
    1. Key Trends
    2. Recent News and Developments
    3. Strategies Adopted-Benchmarking Heat Map
    4. Product Comparison
    5. Competitive Benchmarking
    6. Copper Slag Production, by Country
    7. Raw Material Analysis
    8. Price Trend Analysis
    9. Porters Five Forces Analysis
    10. Investment Scenario
    11. SWOT Analysis  
    12. PEST Analysis
    13. Value Chain Analysis
    14. Opportunity Mapping
      1. By Grain Size
      2. By Application
      3. By Geography
  6. COVID – 19 Opportunity Mapping
    1. Revenue Impact & Opportunity
    2. Strategic Adjustments
    3. Supply Chain Impact
    4. Impact Outlook
  7. Market Overview & Competitive Landscape
    1. Competitive Landscape
    2. Investment Scenario by key Players
    3. Key Player Overview
    4. Product comparison
    5. Player Wise Geographic Presence
    6. Player Wise Target Customer Segment
    7. Recent News
      1. Product Launches & upgrades
      2. R&D / Innovation
      3. Merger & Acquisition
      4. JV & Partnership
      5. Recognition and others
  8. Market Segmentation
    1. Global Market Size & Historic Growth
    2. Market Size by Grain Size
      1. 0-1.0mm
      2. 1.1-2.0mm
      3. > 2.0 mm
    3.  By Application
      1. Blasting Agent
      2. Concrete Filler
      3. Colorant
      4. Others
    4.  Geography
      1. North America
        1. US
        2. Canada
      2. Europe
        1. UK
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
      3. APAC
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Singapore
        6. Rest of APAC
      4. RoW
        1. Middle East
        2. Africa
        3. LATAM
  9. Company Profiles
    1. Star Trace Pvt. Ltd.
      1. Company Fundamentals
      2. Financial Analysis (Subject to Availability)
      3. Product Portfolio
      4. SWOT Analysis
    2. GritSablare
    3. Rolex Enterprise
    4. STAR-GRIT
    5. Mitssubishi Materials Trading Corporation
    6. Abrasive Shot
    7. Opta Group LLC.
    8. Copag Abrasives & Minerals
    9. Maxhot Metal Cast Solutions Sdn Bhd
    10. BlastOne International
    11. Gritankos
    12. Uralgrit
    13. Black Diamond
    14. Brümmer Strahlmittel GmbH & Co. KG
    15. Navdeep Trradex
    16. Sterlite copper
    17. Kalyan Industries
    18. West India Chemicals
    19. Elemetal B.V.
    20. Euroblastme Middle East LLC
    21. Sibelco
    22. Brümmer Strahlmittel GmbH & Co. KG
    23. Rio Tinto
    24. KGHM
    25. First Quantum
    26. BHP Copper Inc.
    27. Codelco
    28. Glencore
    29. Barrick Gold Corporation
    30. Freeport-McMoRan
    31. Teck Resources
    32. Newmont Corporation
    33. Southern Copper Corporation
    34. Others
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