Growing preference for greener construction material substitutes will escalate the fly ash market at a CAGR of 7.9%
Latest market study on “Fly Ash Market to 2027 – Global Analysis and Forecasts by Type (Type C and Type F); and application (Portland Cement & Concrete, Bricks & Blocks, Road & Embankment Construction, Agriculture, and Others)”, The Global Fly Ash Market is accounted to US$ 6,863.5 Mn in 2018 and is expected to grow at a CAGR of 7.9% during the forecast period 2019 – 2027, to account to US$ 13,502.7 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Under application segment, the Portland cement & concrete is the leading segment. Fly ash, commonly as pulverized fuel ash, is a byproduct of coal combustion, comprised of the particulates driven out of coal-fired boilers combined with the flue gases. Fly ash used in Portland cement concrete (PCC) has numerous advantages and enhances concrete performance in both the fresh and hardened state. The use of fly ash in concrete progresses the workability of plastic concrete and the strength and toughness of hardened concrete. However, the quality of fly ash must be carefully examined when the material is used in PCC. Furthermore, road & embankment construction segment is anticipated to grow at a faster pace, which is anticipated to boost the demand for fly ash over the forecast period.
Fly ash is obtained from one of the biggest sources of air pollution and carbon dioxide emissions on Earth. The main reason that fly ash is considered to be eco-friendly when used in construction is that it is recycled material. Fly ash concrete has the ability to simultaneously curb global carbon emissions while developing better and more durable infrastructure. Fly ash products do not require the high-temperature processing of cement and have the same compressive strength as cement. Furthermore, it requires only a small fraction of the sodium-based activation chemicals used to harden the cement. The researchers are focusing on developing new and innovative products of fly ash that can be used in a variety of applications. For instance, the researchers from Rice University have developed a new composite binder that can completely replace cement and also reduce waste from power plants. Fly ash is composed of airborne particles created as coal is burned in power plants. This material is usually captured, and while some are recycled, most ends up in the landfill. In the developed and developing nations such as the United States, Germany, China, and India, among others, the building and constructing industry is prospering on the back of rapid urbanization. For the construction sector, cement is an important material, and the consumers are looking for more environment-friendly versions of it in order to build robust skyscrapers and other concrete structures. Therefore, fly ash has emerged as a premium substitute for Portland cement for the building and construction industry.
The market for fly ash is concentrated with some very well-established players. Some of the key players in the fly ash market include Ashtech India Pvt Ltd, Boral Limited, CEMEX, S.A.B. de C.V, Hi-Tech FlyAsh (India) Private Limited, LafargeHolcim Ltd., Salt River Materials Group, Sephaku Cement, Tarmac, The, SEFA Group, Titan America LLC, Charah Solutions, Inc., and FlyAshDirect.
Global Fly Ash Market - By Region Breakdown, 2018
The report segments the global fly ash market as follows:
Global Fly Ash Market – By Type
Global Fly Ash Market – By Application
Global Fly Ash Market – By Geography
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