Fly Ash Market Overview
The Global "Fly Ash Market" is expected to grow at a high CAGR of 6.5% during the forecasting period 2024-2031.
- Fly ash is a fine-gray powder consisting mostly of spherical, glassy particles that are produced as a byproduct in coal-fired power stations. It has pozzolanic properties, meaning that it reacts with lime to form cementitious compounds.
- Fly ash is commonly known as a supplementary cementitious material.
Fly Ash Market Scope
| Metrics | Details |
| Market CAGR | 6.5% |
| Segments Covered | By Type, By Application, and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | Asia Pacific |
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Fly Ash Market Dynamics
- Rapid development in the construction industry has led to an increase in the sale of fly ash and its products across the world.
- For instance, in May 2018, – Charah®, LLC acquired SCB International, Inc. (SCB) to jointly develop and deploy innovative technologies, including fly ash beneficiation and mineral grinding technologies and potentially doubling its output of materials for concrete and cement customers.
- Further, Advanced material properties, cost-effectiveness, and environment-friendly are some of the factors responsible for the rising popularity of fly ash in the construction industry.
- On the other side, fly ash applications may face struggles from smaller builders and housing builders owing to its tendency to effloresce along with concerns about thaw/freeze performance. Other concerns about using fly ash in concrete include slower strength gain, seasonal limitation, and increased need for air-entraining admixtures.
Fly Ash Market Segmentation Analysis
- Based on application, the global fly ash market is segmented into portland cement & concrete (PCC), agriculture, bricks & blocks, road construction, and others. of these, portland cement & concrete (PCC) dominates the market due to maximum utilization and largest users.
- According to the International Journal of Engineering Research report in 2018, Around 23.98% of the total fly ash generated is in the cement sector.
- Also, the cement Industry uses fly ash as a pozzolanic material (artificial or natural material that contains silica in the reactive form) in the manufacturing of Portland Pozzolana Cement. Around, 2.45 million tons of fly ash were used by the cement Industry in 1998-99 which increased to 40.59 million tons during 2016-17.
- Also, Fly ash is used in the manufacturing of tiles, bricks, blocks, and other construction materials, which saves the fertile top layer of soil.
- The fly ash bricks carry High compressive strength, they provide excellent thermal insulation to red clay bricks, fly ash bricks are cheaper as compared to clay bricks, and fly ash bricks are environment-friendly. These are some of the key driving factors which may fuel the demand over the forecast period
Fly Ash Market Geographical Share
- Geographically, the global fly ash market is segmented into North America, Europe, South America, Asia Pacific, and RoW. Of these, Asia Pacific dominates the market due to increasing urbanization and the growing population in the region has led to increasing demand for construction activities.
- Improvement in road construction and steps adopted for ease of transport through building highways etc. have also led to high demand for fly ash thereby promoting the growth of the global fly ash market.
- Further, Increasing demand from the building and construction industry in North America is also expected to boost the growth of the fly ash market. Europe is projected to fuel demand for fly ash due to environmental measures adopted in the region.
Fly Ash Companies and Competitive Landscape
- Major companies have adopted agreements, product launches, expansion, and mergers to sustain the intense competition in this market.
- The key players profiled in the report include Boral, CEMEX, LafargeHolcim, SCB International, Titan America, Aggregate Industries, Charah Solutions, Inc., Ashtech India Pvt. Ltd., United Conveyor Corporation, ACC, and Pavcon.
- For instance, in March 2018, ACC and Ambuja Cements entered into a master supply agreement for the supply of cement, clinker, and raw materials such as fuels, fly ash, slag, and gypsum.
