Fly Ash Market Key Players:
Bluestar Harbin Petrochemical Corp. (China), Thirumalai Chemicals Ltd (India), Fuso Chemical Co. (Japan), Changzhou Yabang Chemical Co. Ltd (China), Helm AG (Germany), Ashland Inc. (US), Polynt Group (Italy), Marathon Petroleum Corp. (US), Mitsubishi Chemical Corporation (Japan), Lanxess (Germany), Ningbo Jiangning Chemical (China), Nippon Shokubai Co. Ltd (Japan), Nan Ya Plastics Co.(China), Bartek Ingredients Inc. (Canada), and Huntsman Corporation (US) are the leading players in the global fly ash market.
Fly Ash Market Overview:
The global fly ash market was valued at USD 3.4 Bn in 2017 and is projected to reach USD 5.5 Bn in 2023. As per the analysis of Market Research Future (MRFR), the global fly ash market is expected to capture a CAGR of 6.65% over the forecast period of 2018-2023.
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Heightened demand for unsaturated polyester resin (UPR) is one of the preliminary factors that is fostering the growth of the global fly ash market. Desirable properties of UPR such as tensile strength, flexural strength, impact strength, damping, thermal expansion, and corrosion resistance in particular results in increased demand from the construction industry. They are used for roofing, building panels, reinforcement, and for the formulation of simulated stones, rocks, marbles, and fiber-strengthened plastics (FRP).
Fly Ash Market Segmentation:
The global fly ash market has been segmented based on raw material, application, and end-use industries.
By raw material, the global fly ash market has been segmented into N-Butane and Benzene. The N-Butane segment accounted for the largest share of the market in 2017.
By end-use industries, the global fly ash market has been segmented into Construction, Automotive, Food & Beverages, Textile, Pharmaceuticals, Personal Care, Agriculture, and Others. The construction segment was the largest in 2017 while the automotive segment is expected to be the fastest growing segment over the forecast period.
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Fly Ash Market Regional Analysis:
Geographically, the fly ash market spreads across the regions of the Americas, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
APAC led the global market in 2017. Rapid industrialization in the region coupled with the enormous growth of the construction industry in the region due to fast-track urbanization can be accredited for the growth of the APAC market. Also, fly ash is found in abundance in the region which acts as a plus for the growth of the APAC fly ash market. In addition, the governments in the region have initiated actions for energy conservation which serves a significant driving factor.
Europe is a significant growth pocket and is expected to exhibit substantial growth over the forecast period. The economic recovery in Europe coupled with the rise in a number of smart city projects provides an impetus for the growth of the Europe fly ash market. Regulations pertaining to the utilization of coal combustion products in the region is driving the market.
Fly Ash Market Table of Content to be Continue…...,
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