Fly Ash Market by Product Type (Class F and Class C), by Application (Portland Cement & Concrete, Bricks & Blocks, Road Construction, Agriculture, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 – 2024

Global fly ash market expected to generate revenue of around USD 11.0 billion by the end of 2024, growing at a CAGR of around 20.2% between 2018 and 2024. The rapid development in the construction industry has led to the upsurge in the sale of fly ash and its products across the world.

03-Oct-2018 | Number of pages: 110 | Report Code: ZMR-3389 | Report Format : | Status : Published

Analysis

Fly ash is a fine powder which consists of sphere-shaped particles size ranging from 45-55 micron size. Fly ash is generated when coal combustion process takes place in order to produce electric current. The chemical properties of fly ash exhibit when the compound is mixed with various chemical elements. The particles in the fly ash are far minor when compared to the particles of cement. Not only spherical, but the particles of the fly ash are also found in a cylindrical shape. The particles of fly ash are used to seal the gaps between cement particles in the solid mixture which results in less water consumption. This makes the concrete mixture stable and usable. The lesser water content in the mixture increases the solid density which improves the durability of the mixture. The lower water content also contributes to other attributes for example cracking, less shrinkage, and many more. 

Fly ash is experiencing the highest growth rate particularly in the construction sector in developed as well as developing nations. The most important factor that is contributing to the growth and development of the market is the increased capital expenditure and investments in the construction industry across the globe. Over the years, there has been a significant improvement in the construction speed because of the on-time allocation of budget for infrastructure and industrial projects. Rapid urbanization is also putting a positive impact on the market. The increasing demand for smart infrastructure especially in developing nations is contributing towards urbanization. This increasing demand is rather because of the changing lifestyle of the people across the globe. In addition, the special attributes of fly ash including stability, durability, and many more is actually boosting the market growth. Also, as compared to the traditional and recreational bricks, fly ash brick causes less pollution to the environment. Such factors are contributing to the e-waste management market growth over the forecast period.

Global Fly Ash Market

Based on product type, the fly ash market is segmented into class C and class F. On the basis of application, the market is segmented into Portland cement & concrete, bricks & blocks, road construction, agriculture, and others. 

Asia Pacific is experiencing the highest CAGR growth rate in the global fly ash market and the region is expected to continue with its regional superiority over the forecast period. The growth of this regional market is attributed due to rapid industrialization and urbanization happening across the region due to increasing demand for better infrastructure. Moreover, the region is a manufacturing hub. Such factors are contributing to the growth of the market. Europe is expected to hold substantial revenue share in global fly ash market. The growth of the market is attributed because of the rising number of coal combustion electric power leading to increased production of fly ash in the region. In addition, the shrinkage of fly ash is very less which allows the construction players to prefer it instead of cement. Such factors are contributing to the growth and development of the global fly ash market.  

Some of the industry players operating in the fly ash market include Boral Limited, EMEX S.A.B. DE C.V, Pavcon, Nuvoco Vistas Corp Ltd., LafargeHolcim, Jayem Manufacturing Co., MR Enterprises, Puzzolana Green Bricks, Jebajeyam Brick Company, Paul Bricks, Pyramid Chemicals (P) Ltd, HansonDoha, NCL Group and others..


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