Fly Ash Market is calculated to touch USD 8.0 billion in 2029, growing at 5.8% during 2022-2029 | Size, Share & Growth

Fly Ash Market

Fly Ash Market size reached USD 5.1 billion in 2021 and is estimated to reach USD 8.0 billion in 2029 and the market is estimated to grow at a CAGR of 5.8%.

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The factors driving the growth of Fly Ash Market includes expansion of the construction industry worldwide, growing focus on developing environment friendly products, rise in the number of renovation and replacement activities and increasing demand for residential projects in urban areas.  According to the report published by Statista, the residential construction in the United States was calculated around USD 784.37 billion in 2021 and is expected to reach USD 926.06 billion by the end of 2023, which will accelerate the Global Fly Ash Market in the approaching years. Moreover, the rise in Government's spending on improving rail infrastructure, increase in the production of cement and concrete around the world and regulations imposed by governing bodies to prevent dumping pf fly ash in landfills and ponds, are some of the additional factors supplementing the Fly Ash Market Size. In addition, fly ash is highly economical, enhances the paste flow behavior, makes concrete highly dense, resistant to acid and sulphate attacks and is environment friendly, are some of the features, further contributing towards the market growth.

However, poor quality of fly ash can cause more damage to the building, is the major factor restricting the growth of Fly Ash Market.

The leading players operating in the market are Separation Technologies LLC, Aggregate Industry, Salt River Materials Group, Boral, CEMEX S.A.B. de C.V., Charah Solutions, Inc., Ashtech India Pvt. Ltd., Waste Management, LafargeHolcim, and SEFA, among others.

Based on Class, the Class F segment is predicted to capture the largest market share during the forecast period

Rise in the consumption of cement and cementitious materials in the construction sector, is the major factor responsible for the segment's growth.

Based on End Use Industry, the Cement Industry segment is projected to lead the market over the forecast period

As per the Fly Ash Market Report, rise in the production of cement across the globe and increasing expenditure by Government on infrastructure projects, are propelling the growth of the segment.

Based on Region, the Asia-Pacific region is estimated to hold the highest market share during the forecast period

Rise in the numen of infrastructure projects, rapid economic growth across India, China and Indonesia over the last decade, increasing consumption of cement, improvements in the living standards and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.

Key Development

In 2018, Boral acquired Carbon Burn-out (CBO) technology developed by PMI Ash Technologies, LLC. This acquisition will help Boral to create more string presence in the North American region.
In 2018, Charah Solutions, Inc. publicized the acquisition of SCB International, Inc. (SCB) for developing innovative technologies for fly ash benefaction for sale to concrete producers, processing kiln dust to remove mercury, and to grind granulated blast furnace slag to be sold to concrete producers. This acquisition will help Charah Solutions to expand its MultiSource fly ash offerings to cater the changing customer demand.

Market Segmentation

Segmentation by Class

Class F
Class C

Segmentation by End Use Industry

Cement Industry
Agriculture Industry
Chemical Industry
Others

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

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This release was published on openPR.