The Global Fly Ash Market was valued at US$ 8.98 billion in 2020 and is predictable to reach US$ 15.67 billion in 2030; growing at a CAGR of 5.7 % during the forecast period from 2021- 2030.
Fly Ash also referred to as pulverized fuel ash, is a by-product develops from coal combustion procedures. Every thermal power plant produces fly ash on a huge amount and its disposal is the major environmental concern presently. However, the addition of fly ash in the cement has become a major factor in the demand for fly ash in the global market. Usage of fly ash in several industries like construction or road paving reduces the problem of dumping.
Increasing construction along with industrialization in the developing and developed economies owing to the sustainable construction activities Fly ash helps in removing about 20% of total Portland cement used in construction activities. The need for infrastructure has been increased owing to the rapid population surge globally which has created the growth of construction activities in the global market. Construction of fly ash bricks and the formation of Portland pozzolana cement saw in the reduction of soil conservation and don’t emit greenhouse emissions.
However, shifting towards renewable energy sources, environment-friendly sustainable alternatives for the production of energy or power as a curb to control CO2 emissions which is the prime reason for hampering the fly ash production and its usage thus resulting to disrupt the market growth in the global market. Higher carbon materials in the fly ash need more amount of water and blacken the concrete thereby increasing the cost of ash hindering the global fly ash market during the forecast period.
The Global Fly Ash Market is segmented by type, application, and region. Based on type, it is categorized into Class F and Class C. By application, it bifurcates into bricks & blocks, agriculture, Portland cement & concrete, road construction, and others (mining, chemicals, flowable fills, waste management, structural fills). Based on regional insights, the global fly ash market is categorized into North America (US, Canada, Mexico, Rest of America), Asia Pacific (India, China, Rest of Asia Pacific), Europe (UK, Germany, Russia, Rest of Europe) and Rest of the world (Latin America and Middle East & Africa).
By type, the Class F segment is expected to rise at the highest rate owing to rising demand from the infrastructure and construction sectors. By application segment, Portland cement & concrete application earns the highest revenue owing to demand from the construction of residential and non-residential sectors. Regionally, Asia Pacific is projected for the largest CAGR and revenue during the forecast period owing to the increasing population base in the region, lack of infrastructure for the growing population, and the government involvement in the usage of fly ash in road construction in the economies like India.
Prominent players inducing the global fly ash market are Charah Solutions, Lafarge North America Inc., Separation Technologies LLC, Salt River Materials Group, Boral Limited, CEMEX S.A.B. de C.V., FlyAshDirect, Aggregate Industries, and Ashech Pvt. Ltd. among others.
Segmentation and Scope of the Global Fly Ash Market
Global Fly Ash Market is segmented by type, application, and region.
Rest of World
Middle East & Africa
Prominent players in the Global Fly Ash Market among other includes