Fly Ash Market to Grow at +7.9% CAGR to Reach $13,502.7 Mn by 2027 Led by LafargeHolcim Ltd., Salt River Materials Group, Sephaku Cement, Tarmac, The SEFA Group, Titan America LLC, Charah Solutions, FlyAshDirect
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.
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Under application segment, the Portland cement & concrete is the leading segment. Fly ash, commonly as pulverized fuel ash, is a byproduct of coal combustion, comprised of the particulates driven out of coal-fired boilers combined with the flue gases. Fly ash used in Portland cement concrete (PCC) has numerous advantages and enhances concrete performance in both the fresh and hardened state. The use of fly ash in concrete progresses the workability of plastic concrete and the strength and toughness of hardened concrete. However, the quality of fly ash must be carefully examined when the material is used in PCC. Furthermore, road & embankment construction segment is anticipated to grow at a faster pace, which is anticipated to boost the demand for fly ash over the forecast period.
Global Fly Ash Market Key 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 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.
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.
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GLOBAL FLY ASH MARKET SEGMENTATION
• Type C
• Type F
• Portland Cement & Concrete
• Bricks & Blocks
• Road & Embankment Construction
• North America
o Rest of Europe
• Asia Pacific
o South Korea
o Rest of Asia Pacific
• Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
• South America
o Rest of South America (SAM)
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