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Global Fly Ash Market Gaining Traction from Prospering Construction Industry in BRICS Nations, observes TMR
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Global Fly Ash Market to Breach US$9.0 Bn Mark by 2025
The aforementioned companies stand for a fruitful future too, as the TMR report has projected the demand in the global fly ash market to expand at a noteworthy CAGR of 7.1% during the forecast period of 2017 to 2025. Revenue-wise, it has been estimated that the opportunities in the fly ash market, worldwide, will translate into US$9,080.9 mn by the end of 2025, substantially more than the market’s evaluated worth of US$5,237.1 mn as of 2017. Going forward, in order to gain ground over their competitors, the key companies of the fly ash market are expected to expand geographically via mergers and acquisitions.
Based on product type, the TMR report segments the fly ash market into Class C and Class F, whereas application-wise, the market has been bifurcated into cement and concrete, mining applications, structural fills, road construction, waste stabilization, and others. Region-wise, Asia Pacific has been highlighted as the most lucrative region, promising to provide for a demand of fly ash that will be worth US$4,217.6 mn in 2025.
Rapid Road Construction in APAC a Boon for Fly Ash Market
The prosperity of the building and construction industry in various emerging economies is the primary driver of the global fly ash market. When mixed with concrete, fly ash can significantly improve the strength of the structures ultimately constructed. In addition to that, a number of governments in APAC are emphasizing on road construction in order to manage their thriving transportation sector. In addition to that, easy availability of raw materials, which are essentially a waste out of coal-based power generation process, is another factor driving the demand in the global fly ash market. On the other hand, detrimental properties of the material and reducing dependency on thermal power are two key restraints over the fly ash market. Nevertheless, the vendors operating in this market are anticipated to gain new opportunities by adopting ecofriendly cement technology, basic immobilized amine sorbents (BIAS), and finding alternatives to fly ash.
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Key Takeaways:
The demand in the global fly ash market will expand at an impressive CAGR of 7.1% during the forecast period of 2017 to 2025
Emerging economies, wherein the constructing industry is flourishing, are providing for the maximum demand
Competitive landscape moderately consolidated among a few players with strong emphasis on strengthening distribution network
The information presented in this review is based on a Transparency Market Research report, titled, “Fly Ash Market (Type - Class C and Class F; Application - Cement & Concrete, Structural Fills, Mining, Waste Stabilization, and Road Construction) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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