Fly Ash Market Size, Share | Industry Growth by 2028

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Fly Ash Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Type F and Type C) and Application (Cement and Concrete, Block and Brick, Mining, Road Stabilization, Fills and Embankments, Waste Stabilization, and Others)

Publication Month: Nov 2021 | Report Code: TIPRE00002801 | No. of Pages: 203 | Category: Chemicals and Materials | Status: Published

The fly ash market was valued at US$ 32.83 billion in 2021 and is projected to reach US$ 45.73 billion by 2028; it is expected to grow at a CAGR of 4.8% from 2021 to 2028.
 


Fly ash is produced as a residue in combustion and contains fine particles such as silicon dioxide, aluminum oxide, ferric oxide, and calcium oxide (sometimes). It is a fine gray powder that has pozzolanic properties, and it can react with lime to form cement compounds that are used in a wide range of applications such as cement and concrete mixing, mines and dams, landfills, and eopolymer concrete. Fly ash improves the performance of the concrete upon mixing and also acts a catalyst for converting polyethylene during pyrolysis.

In 2020, Asia Pacific held the largest share of the market. The fly ash market growth in this region is attributed to increasing infrastructural developments, such as the development of rail networks, fly overs, and highways; rising activities in residential and commercial construction; and high emphasis of governments and other regulatory bodies on recycling and reutilizing fly ash. Governments in countries such as India, China, and Japan have taken various initiatives to save energy and avoid dumping fly ash into landfills and ponds, resulting in the increased use of fly ash in concrete and Portland cement. Therefore, the growth of the fly ash market in Asia-Pacific is driven by rising government infrastructural development projects and increasing utilization of fly ash-based concrete for the construction of new infrastructures in the region.

 

Strategic Insights

Report Coverage - Fly Ash Market
Report CoverageDetails
Market Size Value inUS$ 32.83 billion in 2021
Market Size Value byUS$ 45.73 billion by 2028
Growth rateCAGR of 4.8% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
No. of Pages203
No. of Tables84
No. of Charts & Figures94
Historical data availableYes
Segments coveredType and Application
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Impact of COVID-19 Pandemic on Fly Ash Market

The COVID-19 ongoing pandemic has drastically altered the chemicals & materials sector's status and limited the fly ash market growth. The implementation of measures to combat the spread of the virus has aggravated the situation and impacted the growth of several industrial sectors. Many of the thermal power plants were not operational or operating at a lower capacity. This has negatively impacted fly ash production. Reduced economic activity has resulted in less demand for new commercial or industrial facilities. The loss of income and lack of consumer confidence have lowered the demand for housing construction. Also, the construction sites exhibited suboptimal performance due to disrupted supply chains and operational restrictions. However, as the economies are planning to revive their operations, the demand for fly ash is expected to rise globally. Moreover, the previously postponed construction projects are ready to resume, which is further providing opportunities for the fly ash market players to regain normalcy. 

Fly Ash Market Breakdown – by Region

Fly Ash Market Breakdown – by Region

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Market Insights

Continuous Growth in Construction Industry Bolsters Fly Ash Market Growth

Asia Pacific countries, such as China and India, have the largest construction industries in the world. The high rate of construction activities creates an enormous demand for various construction materials. Fly ash is utilized in multiple construction-specific applications, such as cement, concrete, bricks, and blocks. The rise in residential and commercial construction activities and surging infrastructural developments propel fly ash demands. In North America, the construction industry is one of the main contributors to the average economy of the region. The increasing population and rapidly growing commercial sector across the region is driving the North America construction sector, which, in turn, is creating demand for fly ash.

Application Insights

Based on application, the fly ash market is segmented into cement and concrete, block and brick, mining, road stabilization, fills and embankments, waste stabilization, and others. The cement and concrete segment held the largest share of the market in 2020. Fly ash is used as a supplementary cementitious material (SCM) to manufacture Portland cement concrete. Compared to Portland cement concrete of the same workability, the use of excellent-quality fly ash with high fineness and low carbon content reduces the water demand of concrete. Moreover, the heat of hydration of concrete can be reduced by replacing cement with the same quantity of fly ash. The rapid popularity of using fly ash in concrete to achieve high-performance and strength is one of the crucial factors driving the market for the cement and concrete segment.

Fly Ash Market, by Application – 2020 and 2028

Fly Ash Market, by Application – 2020 and 2028

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A few of the key players in the global fly ash market include Boral; CEMEX S.A.B. DE C.V.; HOLCIM; Waste Management, Inc.; Charah Solutions, Inc.; Salt River Materials Group; Cement Australia Pty Limited; Ashtech India Pvt. Ltd.; Titan America, LLC.; and Aceton Industries, LLP. The market players are highly focused on providing high-quality fly ash products for various applications.

Report Spotlights

  • Progressive industry trends in the fly ash market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the fly ash market from 2019 to 2028
  • Estimation of global demand for fly ash
  • Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook as well as factors driving and restraining the growth of the fly ash market
  • Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
  • The size of the fly ash market size at various nodes
  • Detailed overview and segmentation of the market, as well as the fly ash industry dynamics
  • Size of the fly ash market in various regions with promising growth opportunities

Global Fly Ash Market

Type

  • Type F
  • Type C

Application

  • Cement and Concrete
  • Block and Brick
  • Mining
  • Road Stabilization
  • Fills and Embankments
  • Waste Stabilization
  • Others

Company Profiles

  • Boral
  • CEMEX S.A.B. DE C.V.
  • HOLCIM
  • Waste Management, Inc.
  • Charah Solutions, Inc.
  • Salt River Materials Group
  • Cement Australia Pty Limited
  • Ashtech India Pvt. Ltd.
  • Titan America, LLC.
  • Aceton Industries, LLP

Frequently Asked Questions

The major players operating in the global fly ash market are Boral; CEMEX S.A.B. DE C.V.; HOLCIM; Waste Management, Inc.; Charah Solutions, Inc.; Salt River Materials Group; Cement Australia Pty Limited; Ashtech India Pvt. Ltd.; Titan America, LLC.; Aceton Industries, LLP; among others.
In 2021, Asia Pacific held the largest share of the global fly ash market. The market growth in this region is attributed to increasing infrastructural developments, such as the development of rail networks, fly overs, and highways; rising activities in residential and commercial construction; and high emphasis of governments and other regulatory bodies on recycling and reutilizing fly ash. Governments in countries such as India, China, and Japan have taken various initiatives to save energy and avoid dumping fly ash into landfills and ponds, resulting in the increased use of fly ash in concrete and Portland cement.
The type C fly ash segment held the largest share of the global fly ash market in 2021. Type C fly ash is often obtained from sub-bituminous and lignite coal. Type C fly ash's distinctive self-hardening properties are due to its high quicklime (CaO) concentration. Type C fly ash is best for performance blends, pre-stressed applications, and other applications that require greater early strengths.
The cement and concrete segment held the largest share of the market in 2021. Fly ash is used as a supplementary cementitious material (SCM) to manufacture Portland cement concrete. Compared to Portland cement concrete of the same workability, the use of excellent-quality fly ash with high fineness and low carbon content reduces the water demand of concrete. Moreover, the heat of hydration of concrete can be reduced by replacing cement with the same quantity of fly ash.
The cement and concrete segment is the fastest growing segment in the global fly ash market during the forecasted period. The rapid popularity of using fly ash in concrete to achieve high-performance and strength is one of the crucial factors driving the market for the cement and concrete segment.
Asia Pacific is estimated to register the fastest CAGR in the global fly ash market over the forecast period. The growth of the fly ash market in Asia-Pacific is driven by rising government infrastructural development projects and increasing utilization of fly ash-based concrete for the construction of new infrastructures in the region.

The List of Companies - Fly Ash Market

  1. Boral
  2. CEMEX S.A.B. DE C.V.
  3. HOLCIM
  4. Waste Management, Inc.
  5. Charah Solutions, Inc.
  6. Salt River Materials Group
  7. Cement Australia Pty Limited
  8. Ashtech India Pvt. Ltd
  9. Titan America, LLC.
  10. Aceton Industries, LLP
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global fly ash market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
TIPRE00002801
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