The global Fly Ash Market is growing dramatically, mainly due to the construction boom in various developing economies. The market growth is significant in many developing countries, where large-scale industrialization is creating a need for rapid improvements in infrastructure. Besides, highly populated countries foster market growth, witnessing the increasing demand for higher-quality housing, and better living conditions.
According
to Market Research Future (MRFR), the valuation of the global Fly Ash Market is poised to reach USD 4.9 BN by the end of
2023. In its recent study report, MRFR, also confirms that the market would
register 6.30% CAGR during the forecast period (2016 – 2023). Furthermore,
rising usages of fly ash in cement-based products and government initiatives
for energy conservation are major growth fuelling factors for the market.
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Besides,
factors such as the increasing urbanization in different regions, led by the
improving GDP and massive consumption of fly ash in Portland cement concrete
pavement or PCC pavement, boost the size of the market. Substituting fly ash
provides significant economic benefits. Therefore, usages of fly ash are
increasing in residential as well as non-residential construction activities.
Moreover,
fly ash is also used as embankment and mine fill, and it has been increasingly
gaining acceptance by the Federal Highway Administration. The cost-effectiveness
of fly ash is a prime factor creating substantial market demand. Additionally,
the economic growth and the rising numbers of smart city projects provide a
considerable impetus to the growth of the global Fly Ash Market .
Conversely,
some of the disadvantages of fly ash, such as its tendency to effloresce and
concerns about freeze/thaw performance, are challenging the growth of the
market. Also, the lack of knowledge about the benefits of fly ash acts as a
significant block for market growth. Nevertheless, increasing usages of fly ash
as a cost-effective substitute for Portland cement would support the market
growth throughout the assessment period.
Global Fly
Ash Market - Segmentation
The report
has been segmented into four major dynamics.
By Type
: Class F and Class C.
By Application : Portland Cement, Concrete, Bricks &
Blocks, and others.
By End-uses : Road Construction,
Agriculture, and others.
By Regions : Europe, Americas, Asia
Pacific, Middle East & Africa, and Rest-of-the-World.
Global Fly
Ash Market - Regional Analysis
The Asia
Pacific region is forecasted to retain its dominance over the global Fly Ash Market . Rapid industrialization and
urbanization, alongside the growing population, foster market growth, driving
the construction industry in the region. In addition, initiatives by the
governments for energy conservation serves as a significant growth driver for
the Fly Ash Market in the region. APAC has been attracting foreign investors
with its easy availability of cost-competitive workforce and the raw material
advantage. Furthermore, favorable government policies are boosting the
commercial construction in the region, allowing the increase in the foreign
direct investment (FDI).
Europe is
another consistently growing market for fly ash. The region accounts for a key consumer due to
the increasing consumption of fly ash in rising public & private
construction activities. The rising population that demands better living
conditions, higher-quality housing, and infrastructure is expected to drive
market growth in the region.
The Fly Ash
Market in North America holds a
substantial share. Rapid growth in commercial and infrastructure construction
is estimated to boost the growth of the regional market. Besides, rapid
industrialization and the increasing number of construction activities in the
region are projected to contribute to the growth of the North American Fly Ash
Market .
Global Fly
Ash Market - Competitive Analysis
The Fly Ash
Market appears to be highly competitive,
characterized by the presence of several well-established players. To gain a
substantially large market share, players incorporate strategic initiatives
such as mergers & acquisitions, collaboration, expansion, and product
launch. Manufacturers are drawing up investments for production expansion
program, which can help them to cut down logistics cost and increase capacity
with a potential to fetch a larger turnover.
Major Players
Players
leading the global Fly Ash Market , include CEMEX SAB de CV (Mexico), Boral
(US), LafargeHolcim (US), Salt River Materials Group (US), Charah Solutions,
Inc. (US), Aceton Industries LLP (India), and Ashtech India Pvt. Ltd. (India),
among others.
Industry/ Innovation/ Related News:
August 20, 2019 ---- Researchers from the Indian
Institute of Technology (IIT-Hyderabad) have found a new technology that can
convert fly ash into waterproofing material. Fly ash waste, a by-product of
power plants poses a threat to the environment. The new technology discovered
by scientists of IIT can modify fly ash into superhydrophobic fly ash
particles, a waterproofing material, by using this binding ability of stearic
acid.
The newly
developed material is highly cost-effective as the fly ash abundantly
available, and stearic acid is also not an expensive chemical. Also, the
synthesis process is so simple that even an untrained individual can prepare
these superhydrophobic materials with ease.
