Global rice husk ash was valued at approximately USD 1.02 billion in 2018 and is expected to generate valued at around USD 1.5 billion by end of 2025, growing at a CAGR of around 5.4% between 2019 and 2025.
The report covers forecast and analysis for the rice husk ash market on a global and regional level. The study provides historic data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion) and volume (K Tons). The study includes drivers and restraints for the rice husk ash market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the rice husk ash market on a global level.
As per the report, the global rice husk ash was valued at approximately USD 1.02 billion in 2018 and is expected to generate valued at around USD 1.5 billion by end of 2025, growing at a CAGR of around 5.4% between 2019 and 2025.
Rice husks are tough protective outer coatings of rice grains. It protects the grains during their growing season. Rice husk ash is a major source of amorphous silica, which can be used in various applications such as high-performance concrete, refractory, and ceramic tiles. Its absorbent and isolating effects are useful for many industrial applications such as the use of building materials as a reinforcing agent.
Rice husk ash has a wide range of applications because it constitutes high amount of silica. The significant use of rice husk ash in the construction of lightweight materials, which are used heavily in the construction of durable cement and strong-fit concrete has been a major growth driving for rice husk ash market. The increasing use of rice husk ash in road construction activities, as fuel for boilers, and to manufacture ceramic tiles is anticipated to boost the global rice husk ash market. However, the availability of source of rice husk ash in regions, where rice husk is not produced, will be a restraint for the global rice husk ash market in some regions. In addition, the ash produced from rice husk will create challenges related to proper ash disposal, in turn harming the environment.
The global rice husk ash market is classified into product type, application, and region. By product type, the global rice husk ash market is segmented into nodules, powder, and granules. By application, the global rice husk ash market is segmented into building & construction, steel, ceramics & refractories, silica manufacturing, and others. Rice husk ash demand, in construction applications, is increasing due to its low costs and compliance with regulatory environmental regulations proposed by various governmental authorities.
Asia Pacific held the largest market share for the global rice husk ash market. As Asia Pacific is the largest source of rice paddy that generates rice husk, and this has been a major growth driving factor for the global rice husk ash market. Furthermore, the rice husk ash market is anticipated to increase in developed regions such as North America and Europe. The increasing investment in deriving biomass and developing green technologies is likely to boost the growth of rice husk ash market in the North American region. Increased investments in research and innovation to develop new rice husk ash applications will open up promising market opportunities in Europe.
Some of the key players in rice husk ash market include KRBL Ltd., Yihai Kerry Investments Co., Ltd., Rescon (India) Pvt. Ltd., Agrasen Rice Mill Pvt. Ltd., Viet Delta Co., Ltd., Usher Agro Ltd., Guru Metachem Pvt. Ltd., Jasoriya Rice Mill, Astrra Chemicals, Agrilectric Power Company, and J.M. Biotech Pvt. Ltd.
Global Rice Husk Ash Market: Product Type Segment Analysis
Global Rice Husk Ash Market: Application Segment Analysis
Global Rice Husk Ash Market: Regional Segment Analysis