Global Fly Ash Market Is Projected To Grow At A CAGR Of 5.3 Percent During The Forecast Period.

23-Jun-2022 | Zion Market Research

The global fly ash market was worth around USD 3.7 billion in 2021 and is predicted to grow to around USD 5.5 billion at a CAGR rate of 5.3 percent over the forecast period. Fly ash is a raw material for the cement production and building materials production units, and it is generated at a coal-based thermal power plant. It is also used as a building material in the construction of roads and flyover embankments, helping to conserve the earth and prevent the erosion of valuable agricultural land. Due to its vast application areas, demand for fly ash is increasing significantly with the development of emerging countries.

A surge in the construction industry and heavy demand for newer materials in construction is primarily fueling the growth of the global fly ash market. The construction sector and the fly ash market have seen increased demand due to rising population, industrialization, and improving living standards. Roller compacted concrete dams and embankments are constructed with fly ash. Fly ash is utilized as a filling agent in flowable and structural fills because it adds durability and insulative properties. It is often used as a filler material in the construction of asphalt roads to fill gaps. It is used in the production of Portland cement and also in the production of ash bricks for building, as fly ash bricks require 25-30 percent less cement.

COVID-19 outbreak has a significant influence on global suppliers. COVID-19-related productivity and cost consequences were experienced by almost 80 percent of facilities, resulting in a drop in revenue. Where demand has slowed and sufficient stockpiles are available, output has been curtailed to optimize cash flow, boost liquidity, and reduce cash expenses. Plant closures, prohibitions, business interruptions caused by COVID-19, and also production cuts to reduce inventory, all had a substantial impact on capital expenditure recoveries. COVID-19-related direct charges, manufacturing slowdowns, and interruptions reduced market earnings significantly.

Global  Fly Ash Market

The global fly ash market in this research analysis is segmented by type, end-use applications, and region. The type is classified into class F and class C. The end-use applications are Portland cement, concrete, bricks and blocks, and road construction. In the end-use applications, Portland cement and brick & blocks are prominent applications that use fly ashes as raw materials.

In 2021, the global fly ash market was dominated by Asia Pacific, with a 40% share, followed by North America and Europe. APAC is expected to remain one of the world's largest and fastest-growing infrastructure markets. Over the next years, large and established markets like China, Japan, India, and South Korea are anticipated to grow even faster. In the Asia-Pacific area, China leads the demand for fly ash and ceramic microspheres, trailed by India and Japan. Apart from the United States, the five fastest expanding regions in the construction sector are all Asian countries, including China and India, which boosts the need for infrastructure expenditure in these countries.

The key players in the global fly ash market are Lafarge Inc, Ashtech Pvt. Ltd., FlyAshDirect, Salt River Materials Group, Separation Technologies LLC, Aggregate Industries, Boral Ltd, Cemex S.A.B. De C.V., Titan America LLC, Duromar, INC., Tarmac Holdings Ltd, Aggregate Industries, Charah Solutions, and TechSci Research.

Recent Development:

  • In May 2020, Charah Solution, a prominent player in the fly ash market acquired SCB International to develop innovative technologies for fly ash benefaction.
  • In September 2019, Boral Limited acquired 4.5 million tons of pozzolanic deposits located in Central Utah which are used for western states' concrete market.

Browse the full Fly Ash Market By Type (Class F And Class C), By End-Use Applications (Portland Cement, Concrete, Bricks And Blocks, And Road Construction), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028. Report at https://www.zionmarketresearch.com/report/fly-ash-market

Global fly ash market is segmented as follows,

By Type

  • Class F
  • Class C

By End-Use Applications

  • Portland Cement
  • Concrete
  • Bricks and Blocks
  • Road Construction

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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