Fly Ash Market to Grow at 7.9% CAGR to Reach $13,502.7 Million by 2027 Led by Key Players LafargeHolcim, Ashtech, Boral, CEMEX, Hi-Tech FlyAsh, Salt River Materials, Sephaku Cement, Tarmac, The SEFA Group, Titan America, Charah Solutions, FlyAshDirect
The research thoroughly establishes critical Fly Ash Market drivers, well-identified restraints, future opportunities, and ongoing trends of the market with essential statistics to provide precise data in terms of value and volume. The report focuses on the competitive landscape along with the SWOT analysis of some leading company profiles that have a significant impact on global market practices.
Fly Ash is a coal combustion by-product produced in the thermal power plants. The disposal of the high amount of fly ash from thermal power plants absorbs a high amount of energy, water, and land area. Therefore, fly-ash management is a critical issue faced by different countries. However, recent studies have proposed that fly ash can be applied in the agriculture sector as a soil ameliorate. Fly ash may improve physical, chemical and biological properties of the degraded soils and is also a source of readily available plant micronutrients and macronutrients.
The report actively includes informative aspects relating to product developments, launches, and trends, to assist Fly Ash Market players, shareholders, and investors in strategic decision making. Besides, the report highlights the potential opportunities for the market players and future trends of the market by a logical and calculative study of the past and current market scenario.
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Fly-ash has potential in agriculture application due to its efficacy in the modification of soil health and crop performance. Also, the high concentration of elements such as Ca, Mg, K, Na, Zn, and Fe in fly ash increases the yield of many agricultural crops. Therefore, rising demand for fly ash in agriculture is expected to provide growth opportunities to industry players in the global Fly Ash market.
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The cement industry globally is facing a significant challenge in procuring raw materials due to the increase in scarcity of limestone, fossil fuels, and others. On the other hand, the growth in the construction sector worldwide is rising at a faster pace due to the growing demand for commercial, residential, and industries sectors. These factors are directly proportional to the growth in demand for cement. This factor has risen the demand for other alternatives to Ordinary Portland Cement (OPC), i.e., fly ash.
Fly Ash Market Company Profiles:
• Ashtech India Pvt Ltd
• Boral Limited
• CEMEX, S.A.B. de C.V
• Hi-Tech FlyAsh (India) Private Limited
• LafargeHolcim Ltd.
• Salt River Materials Group
• Sephaku Cement
• The SEFA Group
• Titan America LLC
• Charah Solutions, Inc.
The Asia Pacific accounted for the largest market share in the global fly ash market. The growth of fly ash market in this region is primarily attributed to the rising spending on infrastructure and increasing growth in the construction sector. Moreover, higher population rate in the countries such as China and India has led to increased demand for residential as well as commercial construction. The growing population of these countries is the main driver for the growth of the construction industry in the region. This would influence the fly ash market growth during the forecast period. Furthermore, the availability of vast coal reserve in this region and government initiatives for the disposable of fly ash are the major factors that provide a lucrative growth opportunity for the fly ash market players.
Merger & acquisition were observed as the most adopted strategies in global fly ash market. Few of the recent developments in the global fly ash market are listed below:
2019: Boral Resource acquired marketing rights for fly ash produced at two large coal-fueled power plants in Mexico. The power plants are capable of producing more than 1 million tons annually of concrete quality Class F fly ash that will be available for distribution through Boral's extensive western United States network.
2018: Charah Solutions, Inc signed a partnership agreement with Oklahoma Construction Materials and also completed the installation of new fly ash storage silos at Oklahoma Construction Materials rail terminal near Oklahoma City. Oklahoma Construction Materials is a leading provider of transload and aggregate supply services.
2018: Charah Solutions, Inc. launched the proprietary fly ash thermal beneficiation technology that improves the quality of fly ash. Charah Solutions’ new MP618 Multi-Process technology reduces the loss on ignition (LOI), ammonia, activated carbon and moisture in fly ash.
The increasing demand for cement, as well as the rising quantity of industrial byproducts, has propelled the governments of various countries to undertake initiatives to utilize the industrial byproducts into cement manufacturing. For instance, in 2017, the government of India has issued a decision on setting up of cement factories near various thermal power plant across the country. This step is expected to reuse the fly ash produced from the thermal power plants, in manufacturing cement. Therefore, increasing government initiatives towards utilization of fly ash further drive the global fly ash market.
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The report also puts forward the current and future Fly Ash Market scenario derived precisely from a thorough analysis of the markets across five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The exhaustive PEST analysis is done for each region to assess major external factors which may influence the Fly Ash Market in the coming years.
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The global fly ash market by type has been segmented into type C and type F. The type F fly ash segment, dominated the global fly ash market as it is commonly used in applications such as Portland cement & concrete and road & embankment construction. Type F fly ash contains less than 7% lime and is pozzolanic in nature. It needs cementing agents, such as Portland cement, quicklime, or hydrated lime mixed with water to react and yield cementations compounds to possess pozzolanic properties. On the other hand, adding a chemical activator such as sodium silicate to a Class F fly ash can form geopolymers. Hence, type F fly ash is driving the global fly ash market.
This Research Report Examines Company share by region and sector; Global and regional market positions; Category and country opportunities for growth; New product developments; Strengths and weaknesses; Brand portfolio; Marketing and distribution strategies; Challenges and threats from current competition and future prospects.
The Fly Ash Market study also includes the key drivers expected to boost the market growth and restraining factors along with future opportunities during the forecast.
The Fly Ash Market is likely to showcase symbolic growth opportunities owing to growing demands for Fly Ash across the globe. The market report highlights top ten companies’ operation strategy in the market through a descriptive SWOT analysis of each company, business overview, products and services, financial statements of last three years, and key developments and product launches by the company in recent years.
The impact of the political, economic, social, and technological factors on the market across these regions help in giving insightful knowledge of the favorable and unfavorable conditions for the major market players including manufacturers, investors, and shareholders.
On the basis of application, the global fly ash market has been segmented into Portland cement & concrete, bricks & blocks, road & embankment construction, agriculture, and others. Under application segment, Portland cement & concrete is the leading segment in the global fly ash market. Fly ash used in Portland cement concrete (PCC) has numerous advantages and enhances concrete performance in both the fresh and hardened state. Fly ash use in concrete progresses the workability of plastic concrete and the strength and toughness of hardened concrete. Moreover, it is a cost-effective alternative which further propel the demand fly ash in the Portland cement & concrete application.
Key Insights that the report covers:-
• Key drivers, restraints, and prevailing trends
• Market size, growth rate, and opportunities
• Market share and position of the top players
• PEST Analysis of the five major regions
• Detailed SWOT analysis of top 10 companies
• Recent developments and new product launches
• Major challenges faced by the market players
The insights also cover the production, value, market share, and growth rate of these top manufacturers and investigate the competitive landscapes for a better understanding of the market scenario. The report is intended to help the readers develop a practical and intelligent approach to market dynamics and exploit opportunities accordingly.
The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. It also provides the overview and forecast for the global Fly Ash market based on all the segmentation provided with respect to five major reasons. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the logistics industry.
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