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Global Fly Ash Market Gaining Traction from Prospering Construction Industry in BRICS Nations, observes TMR
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Bricks and Blocks Key Application Segment of Fly Ash Market
Based on product type, the fly ash market has been segmented into Class F and Class C. The Class F fly ash segment is the one that is most commonly used, owing to its excessive usage in mass concrete and high strength mixes. On the other hand, the Class C segment provided for a healthy share of demand in 2016, primarily due to the ease of availability and excellent cost to performance ratio. In terms of application, the fly ash market has been bifurcated into Portland cement and concrete, bricks and blocks, road construction, agriculture, mining applications, waste stabilization, and others. Among these, the bricks and blocks segment is poised for a fruitful future owing to its properties such as zero efflorescence, low water absorption, high compressive strength, and high strength-to-weight ratio.
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Asia Pacific Fly Ash Market to be worth US$4,217.6 mn by 2025
Geographically, Asia Pacific and Europe are the two regions with greatest potential. Emerging economies such as China and India have a thriving building and construction industry as a result of rapid urbanization. In addition to that, easy availability of fly ash due to large number of coal fired power plants is anticipated to boost the Asia Pacific fly ash market, which is estimated to be worth US$US$4,217.6 mn by the end of 2025. China is the leading consumer of fly ash in Asia Pacific, which is a reflection of a large number of coal fired power plants in the country. Europe has significant share in the fly ash market due to the strong infrastructure for wind power in this region. The Europe fly ash market is projected to provide for a demand worth of US$3,320.0 mn by 2025. Similarly, North America, and Latin America are also expected to witness remarkable growth during the forecast period.
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Headwaters Inc., Lafarge North America Inc., Charah Inc., FlyAshDirect, CEMEX S.A.B. de C.V., Boral Limited, Separation Technologies LLC, Ashtech, and Aggregate Industries are a few key players in the global fly ash market.
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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