According to the latest report by IMARC Group "Fly Ash Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global fly ash market is expected to exhibit a CAGR of 6.40% during 2022-2027.
Fly ash, also known as flue-ash, is a fine-gray powder consisting primarily of spherical, glassy particles made as a byproduct in coal-fired power stations. It is also produced by steam-generating plants that consist of aluminous and siliceous oxides, such as silicon dioxide, aluminum dioxide, ferric oxide, and calcium oxide. It is captured by particle filtration equipment, including scrubbers, electrostatic precipitators, or fabric filters, before reaching the chimneys. It offers durability, low heat of hydration to prevent thermal cracking, and resistance to acid and sulfate attacks. As it offers cost-effectiveness and protection against cracks, permeability, and bleeding, the demand for fly ash is rising worldwide.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The burgeoning construction sector, along with the increasing utilization of fly ash for constructing bridges, parking decks, and marine structures, represents one of the major factors bolstering the growth of the market. It is also used as an alternative to cement and in the production of numerous cement-based products, including bricks, blocks, poured concrete, and other products like asbestos sheets, and asbestos pressure pipes. In addition, rapid urbanization, expanding global population, and rising investments in the development of smart cities by governments of numerous countries are catalyzing the usage of fly ash in industrial, commercial, and residential complexes.
Moreover, due to rising environmental concerns, several initiatives are being undertaken by governments of numerous countries to encourage the adoption of sustainable construction materials and minimize carbon emissions. This, in turn, is contributing to the growth of the market. Various measures to prevent the dumping of fly ash into landfills and ponds and resulting increase in the product uptake for producing various glasses, ceramics, and tiles are bolstering the market growth.
Apart from this, the growing demand for water treatment facilities on account of the increasing industrial waste polluting fresh water and the rising need for clean drinking water is catalyzing the demand for fly ash as an absorbent worldwide. Besides this, there is a rise in the need for fly ash to enhance the condition and improve the productivity and safety of mining equipment, which is propelling the market growth. Furthermore, it is employed in the agriculture sector as a liming material to neutralize soil acidity and provide plant-available nutrients. This, in confluence with the expanding number of farming activities, is creating a positive outlook for the market. Additionally, extensive research and development (R&D) activities by leading players are anticipated to provide a positive outlook tothe market.
Breakup by Type:
- Class F
- Class C
Breakup by Application:
- Construction
- Bricks and Blocks
- Road Construction
- Portland Cement and Concrete
- Agriculture
- Mining
- Water Treatment
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Aceton Industries LLP
- Ashtech India Pvt. Ltd.
- Boral Limited
- Cemex S.A.B. de C.V.
- Charah Solutions Inc.
- Holcim Group
- National Minerals Corporation
- Salt River Materials Group
- Suyog Suppliers
- The SEFA Group
- Titan America LLC (Titan Cement International SA)
- Waste Management Inc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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