IMARC Group, a leading market research company, has recently released a report titled “Fly Ash Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global fly ash market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Fly Ash Industry?
According to the report, The global fly ash market size reached US$ 12.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.65% during 2023-2028.
What is Fly Ash?
Fly ash refers to the residual product of burning pulverized coal in electric generation power plants. It comprises aluminous and silicious compounds that form cement when they react with water. It is used to prepare blended cement, mosaic tiles, and hollow blocks utilized in construction activities. It is also required in producing slabs, asbestos sheets, and asbestos pressure pipes. It finds application in concrete mixes to improve the strength and segregation of the material and make it easier to pump.
It is applied as an adsorbent for removing various organic pollutants from wastewater. It is also employed in embankment and mine fill to reduce mine fire, improve the quality of coal, and eliminate ground stability issues in the form of land subsidence. It reduces cracks, permeability, and leakage issues in walls and provides a smooth texture on surfaces. Fly ash is mixed with clay for manufacturing bricks as it provides strength and makes them less porous. It enables buildings to absorb less heat and water and remain dry during warm seasons. Fly ash is also used in the agriculture industry to increase soil pH, improve soil texture, and enhance the nutrient status of the soil.
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What are the growth prospects and trends in the Fly Ash industry?
At present, the increasing demand for fly ash due to the rising construction of residential apartments and commercial buildings, such as shopping malls, hospitals, and educational centers, around the world represents one of the key factors influencing the market positively. Besides this, the growing adoption of environment-friendly construction ingredients to reduce waste production and carbon emissions in the air is offering a favorable market outlook. In addition, the rising construction of roads and highways to connect different destinations and facilitate smooth transportation across the globe is propelling the growth of the market.
Apart from this, governing agencies of various countries are undertaking initiatives to encourage the utilization of fly ash in the construction industry instead of dumping it into landfills and ponds. They are also investing in the renovation of various government buildings and monuments, which is contributing to the growth of the market. Additionally, the rising demand for various low-cost construction materials, such as glass-ceramics, ceramics, and porcelain, to manufacture scratch-resistant and anti-slip tiles is supporting the growth of the market. Moreover, construction companies are using geopolymer concrete (GPC) in building road pavements, electric power poles, precast bridge decks, and water tanks as an alternative to portland cement, which is strengthening the growth of the market. Furthermore, the increasing employment of fly ash in leveling overburden dumps produced during opencast mining activities is bolstering the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Class F
- Class C
Breakup by Application:
- Construction
- Bricks and Blocks
- Road Construction
- Portland Cement and Concrete
- Agriculture
- Mining
- Water Treatment
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Aceton Industries LLP
- Ashtech India Pvt. Ltd.
- Boral Limited
- Cemex S.A.B. de C.V.
- Charah Solutions Inc.
- Holcim Group
- National Minerals Corporation
- Salt River Materials Group
- Suyog Suppliers
- The SEFA Group
- Titan America LLC (Titan Cement International SA)
- Waste Management Inc.
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