According to a new report published by Transparency Market Research(TMR) titled ‘Fly Ash Market – Global Industry Analysis, Size,Share, Growth, Trends, and Forecast, 2018–2026,’ the global fly ash marketis estimated to reach US$ 11,371.0 Mn by 2026 and is anticipated to expand at aCAGR of 7.1% during the forecast period. Expansion in the global fly ash market isprimarily driven by the growth in end-user industries such as construction. Thefly ash market in Asia Pacific is estimated to expand at a CAGR of more than7.0% during the forecast period, owing to the high demand for fly ash in variousend-use industries across the region, especially in China, India, and the ASEANsub-region.
Expansion in End-use Industries to Drive Market
Fly ash is extensively used as an environmentally sustainable substitutefor Portland cement in the construction industry. It is also used to enhancethe overall performance of ready-mix concrete. Furthermore, fly ash is used inthe manufacture of bricks and blocks. It is also employed in road constructionin the construction industry. Fly ash is also used in sectors such as mining,water treatment, and agriculture. Rise in demand for fly ash in these end-useindustries is anticipated to fuel the global fly ash market. Coal combustionproducts (CCPs) contain environmentally hazardous substances such as arsenic,cadmium, and mercury. If not monitored properly, these contaminants can poseserious threat to the environment. Hence, it is vital to regulate the disposalof CCPs such as fly ash from coal-fired power stations. Regulatory authoritiesacross the globe such as the U.S. EPA and the European Union’s WasteLegislation regulate the disposal of coal ash products. In October 2016, theU.S. EPA issued a set of rules for safe disposal of coal combustion products inthe U.S. This is likely to drive the fly ash market during the forecast period.
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Class F Type Segment and Cement & ConcreteApplication Segment to Dominate Global Fly Ash Market
In terms of type, the global fly ash market has been bifurcated intoclass C and class F. Based on application, the global fly ash market has beendivided into cement & concrete, structural fills, mining wastestabilization, road constructions, and others. The cement & concrete segmentis anticipated to dominate the market, as fly ash is one of the environmentallysustainable substitutes for Portland cement. Furthermore, rise in constructionactivities is likely to fuel the demand for fly ash in cement and concreteoperations. Based on type, the class F segment dominated the fly ash market interms of revenue in 2017.
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Asia Pacific to Dominate Fly Ash Market
Based on region, the global fly ash market has been split into LatinAmerica, North America, Asia Pacific, Europe, and Middle East & Africa. Thefly ash market in Asia Pacific is projected to expand at a CAGR of more than7.0% during the forecast period due to the high demand for fly ash in variousend-use industries across the region. The region offers significant expansionopportunities to the fly ash market. China dominates the market in Asia Pacificowing to the expansion in end-user industries, particularly the constructionindustry, in the country. The cement & concrete application segment is aprominent consumer of fly ash in Asia Pacific.
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Fragmented Market
The global fly ash market is fragmented. Large number of small andmedium scale local suppliers of fly ash operate in the market. Prominentplayers functioning in the fly ash market include Lafarge Holicim, Cemex S.A.B.De C.V., and Boral Ltd.
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