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Fly Ash Market By type (Class F, Class C) By Application (Portland Cement & Concrete, Bricks & Blocks, Road Construction, Agriculture, Others) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2028

What is the Global Consumption of Fly Ash?

The global consumption of Fly Ash increased to more than 370 million tons in 2021 and is projected to witness substantial growth in the near future. In 2021, Asia Pacific dominated the global market consumption with India leading the way. The region's rising population is putting a strain on the current infrastructure, necessitating significant expansions in rail networks, residential buildings, and streets. Thus, the governments of Asia Pacific area countries are likely to promote the worldwide fly ash market through road development initiatives.

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What is the Market Size of Fly Ash in terms of value?

Global Fly Ash Market is projected to increase at a significant CAGR of 5.8 % in the coming years. In 2021, the global Fly Ash Market was valued at USD 6792.5 million and is projected to reach at the value of USD 10,079.28 million by 2028. The demand for Fly Ash is projected to increase substantially in the coming years and is presumed to generate revenue opportunities for the key industry players that worth USD 66.74 billion during the forecast period between 2022 and 2028.

What is the Price Trends for Fly Ash Market?

The price of Fly Ash has been very volatile in the past few years. The rapid growth in the construction sector with the increased use of Fly Ash bricks is one of the prominent factors for the overall rise in the market price. In addition, the decreasing operating capacity in the thermal power plants due to increased preference for renewable sources and shortage of coal, the production capacity of Fly Ash is estimated to decrease in the coming years.

Interesting Facts about Fly Ash Industry

  • The top 5 countries for fly ash exports are India, China, Australia, Indonesia, Italy, and UK.
  • The top 5 countries for fly ash imports are the US, Nepal, Bangladesh, Bhutan, and Poland.
  • The fly ash market revenue is expected to rise during the forecast period, as its utility in cement is emerging as a significant finding, as it is employed as a pozzolanic ingredient in cement.
  • Constraints and limits related to rising concerns about environmental degradation are some of the factors that may restrain the market growth during the projected period.
  • The Asia-Pacific region is likely to lead the market, with India and China accounting for the majority of consumption.
  • The class F fly ash segment is expanding rapidly due to its use in Portland cement, mass concrete, and high-strength mixes. It's found in things like embedded cement, mosaic tiles, and hollow blocks.

Who are the Top 10 players/companies in the Fly Ash Market in terms of value and volume?

The key players in the global Fly Ash Market in terms of value and volume include Separation Technologies LLC (US),  Boral Limited (US), Charah Solutions (US), Lafarge North America Inc. (US), CEMEX S.A.B. DE C.V. (Mexico),  FlyAshDirect (US), Aggregate Industries (UK), Salt River Materials Group (US), and Ashtech (India) Pvt. Ltd. (India). These key players are concentrating on new product developments as well as technological innovation to enhance their production of fly ash to gain competitive market share at a global level. Moreover, some regional and country-level players are also investing heavily to expand their product portfolio and enhance their sales. For instance, in September 2021, Charah Solutions, Inc. a leading provider of mission-critical environmental services and by-product sales to the power generation industry, received a five-year sales and marketing contract for the beneficial recycling of fly ash from the Gavin Power Plant in Cheshire, Ohio. The Gen. James M. Gavin Power Plant is Ohio's largest coal-fired power plant, with two working units and a capacity of 2,665 megawatts.

Who are the Top 10 Countries in the Fly Ash Market?

In the global Fly Ash Market, the major countries are India, China, Australia, US, Germany, Italy, UK, France, Spain, and Saudi Arabia. India is the major producer and consumer of Fly Ash in the global market in 2021. The growing interest in sustainable and green construction activities that employ more resource-efficient construction methods, such as the use of alternative materials is the major factor driving the growth of the country’s market. Furthermore, the use of fly ash in brick manufacturing provides an opportunity to manage the rising amount of fly ash created and lower the environmental footprint. As a result of the growing trend toward sustainable and green constructions, the increased usage of fly ash in the production of green building materials is likely to provide significant potential prospects for the country’s market in the future years.

Which is the Key Application Area in the Fly Ash Market?

The cement and concretes segment accounts for the majority of the fly ash market. This ash is frequently employed in cement applications, as the building sector is seeing very strong expansion, resulting in a rapid increase in cement demand. The use of this product in cement concrete has numerous advantages and improves the performance of the concrete in both the fresh and hardened states. It is used in concrete to increase the workability of plastic concretes, as well as the durability and strength of hardened concrete. Fly ash helps concrete by lowering the amount of water required for mixing and improving paste flow behavior. The aforementioned causes will contribute to increased demand for cement and concretes in the next years.

What are the Major Driving Factors for Fly Ash Market?

The market is expected to be driven by rising demand for fly ash bricks in the construction industry. Aside from soil protection, this ash does not release greenhouse gases throughout the manufacturing process, providing environmental benefits. Various stakeholders, including government agencies and ministries, as well as academic and R&D institutes, are working to promote the usage of this product in construction materials. The market potential for fly ash bricks is also likely to be driven by the endeavor to make more environmentally friendly concrete by reducing the usage of cement by partially substituting the quantity of cement in concrete with by-products material.

What are the Major Restraints for Fly Ash Market?

One important impediment to the expansion of the fly ash bricks market is the availability of widely used red bricks derived from red clay, but fly ash must be carried from thermal power plants to production plants, increasing manufacturing costs. Another key impediment to the expansion of the worldwide fly ash bricks market is that red bricks can be easily created by small-scale enterprises, however, fly ash brick makers must pay sales taxes, excise duties, and service taxes, among other things.

Which Region Dominated the World Fly Ash Market?

Asia-Pacific region is expected to be the largest and fastest-growing market over the projection period due to rising demand from countries such as China, India, and Japan. China and India are expected to grow at a quick pace over the predicted period, because of increased investment and construction spending, which has resulted in rapid industrial and infrastructure development. The main factors for the region's market growth are the increasing population, which puts pressure on the current marketing infrastructure, followed by the pressing demand for further improvements in railway networks, residential buildings, and roadways. In addition, Boral Limited and Ashtech (India) Pvt Ltd are two major companies in the region, thus supporting the growth of the market. The aforementioned factors, together with government support, have contributed to the rising demand for fly ash.

The fly ash industry in North America is predicted to develop significantly in the next years as a result of increased use of fly ash in concrete, a growing construction sector, and increased recycling rates of fly ash. North America's construction industry is a substantial contribution to the region's economy. Furthermore, rising environmental concerns across the region are driving the use of fly ash in a variety of applications such as building and construction, road embankments, soil stabilization, and so on. The existence of major fly ash manufacturers such as Salt River Materials Group, Boral, Charah Solutions, Inc., Holcim, and Titan America, LLC. are also considered contributing to the industry. These factors are boosting the growth of the fly ash market in North America.

Segmentation of Global Fly Ash Market-

Fly Ash Market- By type

  • Class F
  • Class C

Fly Ash Market- By Application

  • Portland Cement & Concrete
  • Bricks & Blocks
  • Road Construction
  • Agriculture
  • Others (Chemicals, Mining, Water Treatment, Structural Fills, Flowable Fills, Waste Management)

Frequently asked questions about the global Fly Ash industry

The decreased construction activity during the pandemic period hampered the growth of the Fly Ash Market. According to studies, India is the worst-affected country, with a reduction in investment for construction operations of 13 to 30 percent and a loss of Rs.30,000 crores per day during the pandemic period.

Asia-Pacific region is expected to be the largest and fastest-growing market over the projection period due to rising demand from countries such as China, India, and Japan.

The fly ash market has grown as a result of the construction industry's expansion, increased emphasis on infrastructure and road paving, problems associated with dumping fly ash, government promotion of fly ash in various countries, and increased emphasis on the use of environmentally friendly products.

The class F fly ash segment is expanding rapidly due to its use in Portland cement, mass concrete, and high-strength mixes. It's found in things like embedded cement, mosaic tiles, and hollow blocks.

The cement and concretes segment accounts for the majority of the fly ash market. This ash is frequently employed in cement applications, as the building sector is seeing very strong expansion, resulting in a rapid increase in cement demand.

Fly Ash Market Scope

Report Attribute Details
Market Value in 2021 USD 6792.5 million
Market Value in 2028 USD 10,079.28 million
CAGR 5.8 % between 2021 and 2028
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Published Date:  Jun 2022
Category:  Chemicals
Report ID:   57710
Report Format:   PDF
Pages:   130
Rating:    4.6 (43)
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