Publication Month: Nov 2021 | Report Code: TIPRE00002801 | No. of Pages: 203 | Category: Chemicals and Materials | Status: Published
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.
|Market Size Value in||US$ 32.83 billion in 2021|
|Market Size Value by||US$ 45.73 billion by 2028|
|Growth rate||CAGR of 4.8% from 2021 to 2028|
|No. of Pages||203|
|No. of Tables||84|
|No. of Charts & Figures||94|
|Historical data available||Yes|
|Segments covered||Type and Application|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
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.
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.
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.
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.
The List of Companies - Fly Ash Market