Fly Ash Market 2019 to 2027 Analysis and In-depth Research on Trends, Size, Emerging Growth Factors With key Players Such as Ashtech India Pvt Ltd,Boral Limited,CEMEX, S.A.B. de C.V,Hi-Tech FlyAsh (India) Private Limited

The global fly ash market accounted to US$ 6,863.5 Mn in 2018 and is expected to grow at a CAGR of 7.9% during the forecast period 2019 - 2027, to account to US$ 13,502.7 Mn by 2027.

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.

Top Key Players: 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,Tarmac,The SEFA Group,Titan America LLC,Charah Solutions, Inc.,FlyAshDirect

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Market Insights

Increasing Governmental Initiatives towards Utilization of Fly Ash

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.

Rising Use of Fly Ash in Agriculture provides opportunity for the market growth

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.

Type Insights

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.

Application Insights

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

By Type

• Type C
• Type F

By Application

• Portland Cement & Concrete
• Bricks & Blocks
• Road & Embankment Construction
• Agriculture
• Others

Strategic Insights

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.

2017: 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.

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