The global fly ash market size is projected to reach USD 13.33 billion by 2027 owing to the rapid urbanization and industrialization worldwide. Fly ash is a fine, powdered substance that is the byproduct of burning pulverized coal in electric generation power plants. They are captured by emission control equipment such as scrubbers, fabric filters, or electrostatic precipitators. As per a recent report by Fortune Business Insights titled, “Fly Ash Market Size, Share & Industry Analysis, By Type (Class F and Class C), By Application (Cement & concretes, Fills & embankments, Waste Stabilization, Mining, Oil field Service and Road Stabilization and Others), and Regional Forecast, 2020-2027,” the market value stood at USD 8.54 billion in 2019 and is likely to rise at a CAGR of 5.83% between 2020 to 2027.
List of Top Players Profiled in Fly Ash Market Research Report:
Cemex S.A.B. De C.V.
Cement Australia Pty Limited
Titan America LLC.
Salt River Materials Group
Tarmac Holdings Limited
What is the Scope of the Report?
The report is based on a comprehensive overview of the market and highlights key factors such as drivers, restraints, future opportunities, and challenges of the market. The report also discusses the table of segmentation in detail based on factors such as application, type, and geography. It also lists the names of market manufacturers and the major strategies adopted by them to reach for the top position in the market. Furthermore, the report discusses notable industry developments, current trends prevalent in the market, and other interesting insights into the market. The report is available for sale on the company website.
Rising Demand for Environment-friendly Cement will Contribute to the Market Growth
Fly ash is mainly used in portland pozzolana cement and for manufacturing bricks. This acts as the major driver. Besides this, fly ashes also do not emit carbon or greenhouse gases into the atmosphere at the time of production and have additional environmental benefits. Various academic institutions, government and private stakeholders, and R & D institutions are taking the task of promoting the use of fly ash in construction materials. This will also aid in the expansion of the market in the coming years.
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On the flip side, poor quality fly ash may harm the concrete, thereby hampering the market in the long run. Nevertheless, the increasing efforts to introduce environment-friendly cement is likely to create lucrative growth opportunities for the market in the coming years.
Asia Pacific will Dominate Market with Increasing Construction Activities
In 2019, Asia Pacific emerged as the region holding the largest fly ash market share with a revenue of USD 4.15 billion. This is owing to the rapidly growing population and the rise in the number of construction activities. On the other side, the North American market is likely to grow notably owing to the improving transportation systems and wide range of major construction projects such as the building of dams, bridges, skyscrapers, roads, and others. Manufacturers in this region use high-performance fly ash mixes for gaining superior strength and longevity in the respective projects.
Consolidated Nature of Market will Intensify Competition
The market is consolidated in nature with the top 10 companies holding an average of 50% or more fly ash market share. This is owing to the massive investment made on resources for research and development of various fly ash products, and expansion of product portfolio into various geographies. On the other side, small and medium-sized companies are engaging in collaborative efforts such as mergers and acquisitions, agreements and contracts, joint ventures, and partnerships to attract more revenue to the market during the forecast period.