Fly Ash Market to Grow at a CAGR of 7.9%, Globally by 2027 : Boral Limited, CEMEX, LafargeHolcim, Sephaku Cement, Tarmac
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.
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The List of Companies;
• 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.
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. 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.
Reasons To Buy:
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Global Fly Ash Market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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