Fly Ash Market Scope
Fly ash also known as flue ash or pulverised fuel is a powder which contains aluminous and siliceous material that forms cement if mixed with water. Fly ash helps to improve the strength, ease of pumping concrete, and segregation. The growing construction sector around the globe has led to the increasing demand for fly ash. Rapid urbanization boosted the demand for new housing units in developing countries, which is fueling demand for global fly ash market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Salt River Materials Group (United States), Boral Limited (Australia), Charah Inc. (United States), Cemex S.A.B. De C.V. (Mexico), Lafarge North America Inc. (United States), Separation Technologies Llc (United States), Flyashdirect (United States) and Aggregate Industries (United Kingdom) |
CAGR | 20.2% |
"According to AMA, the Global Fly Ash market is expected to see growth rate of 20.2% and may see market size of USD10.86 Million by 2030."The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Fly Ash market throughout the predicted period.
Salt River Materials Group (United States), Boral Limited (Australia), Charah Inc. (United States), Cemex S.A.B. De C.V. (Mexico), Lafarge North America Inc. (United States), Separation Technologies Llc (United States), Flyashdirect (United States) and Aggregate Industries (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Ashtech (India) Pvt. Ltd. (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Fly Ash market by Type , by Application (Portland Cement & Concrete, Bricks & Blocks, Road Construction, Agriculture and Others (Mining, Chemicals, Water Treatment, Flowable Fills, Structural Fills, Waste Management)) and Region with country level break-up.
On the basis of geography, the market of Fly Ash has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In July 2023, China National Building Materials Group (CNBM) merged with China National Materials, creating a massive state-owned entity involved in various construction materials, including fly ash utilization.
In October 2023, Larsen & Toubro (L&T) released FlyashX, a sustainable construction material made from recycled fly ash, in India.
Influencing Trend:
Innovation In The Sector Of Fly Ash Devices
Market Growth Drivers:
Increasing Use Of Fly Ash, Increasing Demand In Construction Sector and Government Support For Promotion Of Fly Ash
Challenges:
Decline In Use of Thermal Power in the Energy Mix
Restraints:
Undesirable Environmental Properties Of Fly Ash
Opportunities:
Focus Of Bricks And Tiles Manufacturers In Fly Ash and Environment-Friendly Construction Product
Key Target Audience
Concrete Block and Brick Manufacturers, Raw Materials Suppliers, Traders and Distributors of Fly Ash, Government and Research Organizations, Regional Manufacturers Associations, Industry Associations, Construction Industry and Others