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The Global Fly Ash Market size is estimated to grow by USD 18,358.52 million between 2022 and 2027 accelerating at a CAGR of 6.45%. The growth of the fly ash market size forecast depends on several factors, including rising construction activities, growing urbanization in developing countries, and the use of fly ash promoted by governments in APAC.
This market report extensively covers market segmentation by application (portland cement, agriculture, road construction, fire bricks, and others), type (class F and class C), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges.
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The rising construction activities are the key factor driving global fly ash growth. The global construction industry is expected to grow by USD 12 trillion during the forecast period. APAC has one of the world's major emerging economies, such as India, China, Indonesia, and the Philippines. Apart from these countries, Vietnam and Malaysia have considerable potential, while Singapore is one of the leading markets in terms of the quality of infrastructure.
Moreover, on average, the cost of building materials for a structure accounts for nearly 50% of the total cost of the building. For lower-income shelters, this percentage could rise to 80%, depending on the country. As fly ash is used as a cement substitute in the construction industry, the market is expected to grow in the region during the forecast period.
Eco-friendly cement technology is the primary trend in the global fly ash market. The increasing demand for bricks and cement in construction projects is increasing the pressure on these industries. The current scenario suggests that the development of eco-friendly and low-cost variants of construction materials ensures that economic interests do not undermine environmental concerns. It is expected that the volume of the global construction output will grow by more than USD 15 trillion by 2030, with China, the US, and India as the major markets, leading the global market by accounting for more than 55% of the growth.
None of the sectors of the economy consumes more material than construction, and of all materials used in construction, cement and bricks account for the largest resources used in buildings and infrastructure. Eco-friendly construction materials represent a sustainable alternative that can be useful in the current environment. Such factors will increase the market growth during the forecast period.
The limitations in the use of fly ash are a major challenge to the global fly ash market growth. Fly ash is used in the concrete mixture to decrease the water content in concrete without reducing its workability, leading to an increase in its use from the range of 15%-25% to 40%-60% by mass. However, there are certain limitations to fly ash. When used in high volumes, there may be problems related to extended setting time and slower strength development. These issues are more pronounced in cold weather conditions in the regions of Europe.
The quality of fly ash is very vital. Bad-quality fly ash can increase permeability, thus damaging the building. Fly ash has been encountering resistance from traditional builders due to its tendency to effloresce, along with major concerns regarding freezing or thaw performance. Other concerns about using fly ash concrete include slow strength gain, seasonal limitation, and an increase in the air entraining admixtures.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Fly Ash Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Ashtechindia - The company offers fly ash such as Ashtech SUPERPOZZ and Ashtech DURACRETE. Also, the company manufactures, distributes, and exports fly ash and other infrastructure-related products. Some of the offerings are ultra fine fly ash (P500), cement, gypsum powder, ready mix plaster, solid concrete blocks and uni pavers, and ready mix concrete among others.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the portland cement segment will be significant during the forecast period. The portland cement segment was valued at USD 16,304.23 million in 2017 and continue to grow by 2021. The use of fly ash as additive in Portland cement has many advantages, and it also improves the performance of the concrete that is manufactured in both fresh and hardened states. The fly ash used in concrete improves the workability of plastic concrete and the strength and durability of hardened concrete.
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The concrete manufactured using fly ash requires less mix of water, improves flowability, and it bleeds lesser than PCC. Furthermore, PCC becomes less permeable when fly ash is added to it, as the outside moisture will not penetrate easily. Fly ash is also less expensive than cement. The primary benefits of fly ash are its reaction with available lime and alkali in concrete, producing additional cementitious compounds. The market for fly ash for Portland cement is expected to grow because of low water content; low permeability protects steel better than Portland cement and other benefits.
In the type segment Class F fly ash is dominating the market. Class F fly ash is manufactured by the burning of harder and older anthracite and bituminous coal. This type of fly ash is pozzolanic in nature, and it contains less than 7% lime (CaO). The demand for Class F fly ash is expected to grow due to its properties in mass concrete and high-strength mixes. Class F fly ash is generally used in the form of dosages in the range of 15% to 25% by mass of cementitious material. By adding a chemical activator, such as sodium silicate, to a Class F fly ash, it can form a geopolymer It is generally suitable for concreting in summer as it moderates the heat gain during the curing of concrete. Hence, rising demand for class F will propel the demand for Class F fly ash segment during the forecast period.
APAC is projected to contribute 36% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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APAC accounted for the largest share of the global fly ash market in 2020. This can be attributed to the increasing demand for fly ash in developing economies, such as India, Malaysia, and China. Industrialization has fueled the growth of urbanization in China and India due to rapid urbanization. There is an increase in construction expenditure in APAC due to the increase in demand for residential and non-residential buildings, which in turn will increase the demand for fly ash in Portland cement and concrete applications. The increase in the consumption of cement and cementitious materials in the construction sector in APAC has boosted the use of Class F fly ash.
COVID-19 led to an upsurge in the demand for APAC. However, with the ongoing COVID-19 vaccination drives, the number of COVID-19 cases is expected to decline during the forecast period. The operations at fly ash manufacturing sites are expected to rebound during the forecast period, which is anticipated to fuel the growth of the market during the forecast period.
The fly ash market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Fly Ash Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.45% |
Market growth 2023-2027 |
USD 18,358.52 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.56 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 36% |
Key countries |
US, United Arab Emirates, China, India, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Ashtech India Pvt. Ltd., Boral Ltd., CEMEX SAB de CV, Charah Solutions Inc., CRH Plc, Ecocem Ireland Ltd., HeidelbergCement AG, Holcim Ltd., National Minerals Corp., NTPC Ltd., Salt River Materials Group, Sephaku Holdings Ltd., Suyog Elements India Pvt. Ltd., The SEFA Group, Titan Cement Group, Usb Chemicals, and Waste Management Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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