The ‘Global Fly Ash Market Price, Size, Share, Report and Forecast 2024-2032’ by Expert Market Research gives an extensive outlook of the global fly ash market, assessing the market on the basis of its segments like types, applications, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Fly Ash Market Price, Trends, Growth, Analysis, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2032)
• Historical Market Size (2023): Around USD 6.14 Billion
• Forecast CAGR (2024-2032): 5.4%
• Forecast Market Size (2032): Nearly USD 9.85 Billion
A major factor driving the global fly ash market is the rapid economic development of both developed and developing countries. The demand for cement and concrete has significantly risen due to an increase in the construction of malls, shopping complexes, airports, roads, and buildings across major cities. There is also an increase in the number of residential complexes due to the growing housing demand. Hence, surging residential and non-residential construction activities is boosting the requirement for precast products like tiles, panels, and rooftops, among others, fuelling the usage of fly ash.
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Another factor aiding the market growth is the growing demand for class F fly ash in concrete products. Class F fly ash is produced from the combustion of sub-bituminous coals and is pozzolanic in nature, making it suitable as a cementing agent. It also finds its usage in products which require high strength and durability. Moreover, it aids in preventing the breakage or permeability of concrete. These favourable properties make it useful as a Portland cement replacement, favouring the fly ash market growth.
A major application of fly ash is its usage in fills and embankments due to its lightweight benefits and better pressure percentage as compared to natural soil. It is less sensitive to the presence of water and provides better slope stability than natural soil, making it suitable for wet embankments. Moreover, the abundance of fly ash is another factor that makes it a preferable choice among manufacturers to prevent the depletion of natural resources.
The growing soil stabilisation activities positively impact the fly ash market demand as the product can be used as a bonding agent to strengthen the soil. It reduces the moisture level in the soil and is more affordable than stabilising agents like lime or cement. Its compatibility with almost all soil types and durability also makes it a preferred additive in stabilisation processes. Moreover, fly ash is used in the mining sector as a stowing material as it reduces water consumption by nearly 50%.
Fly Ash Industry Definition and Major Segments
Fly ash is a finely divided residual or powder by-product form from the combustion of pulverised coal. It typically exists in combustion chambers with flue gases in coal-powered stations. It is used to increase the durability of concrete for the construction of roads and homes.
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On the basis of type, the market is classified into:
• Class F
• Class C
Based on application, the fly ash market is segmented into:
• Cement and Concrete
• Fills and Embankments
• Waste Stabilisation
• Road Stabilisation
• Mining
• Oilfield Service
• Others
Based on region, the market is divided into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Fly Ash Market Trends
A key trend propelling the global fly ash market demand is the presence of oxides like Al2O3, CaO2, and SiO2 in the product, which is useful for manufacturers of ceramics and glass ceramics. In the manufacturing of ceramic tiles, fly ash can be used with kaolin clay in the ratio 60:40. During the thermal treatment, the organic matter in fly ash breaks down while the inorganic matter transforms into glassy slag, hence contributing to the formation of ceramic tiles. There is also an increasing focus to recycle fly ash for preventing land contamination and reducing the utilisation of other natural resources.
There has been a surge in renovation and remodelling activities in the construction sector due to a rise in disposable incomes. Consumers are investing in high-quality ceramic tiles that provide protection from bacteria, are scratch resistant, and boast low slippage. Thus, the increasing appeal of ceramic tiles in interior décor surge fly ash utilisation. Moreover, fly ash provides a uniform shape with increased compressive strength, which is increasing its demand in infrastructural development.
Another crucial trend in the global fly ash market is the surging recycling of coal fly ash into eco-bricks. In this sustainable practice, plastic sachets are mixed with fly ash, which is a cheaper and more durable alternative to cement. This process also reduces waste management and construction cost, due to which it has piqued the interest of several government bodies.
Increasing merger and acquisition activities by key players are likely to favour the fly ash market development. For instance, in May 2023, Heidelberg Materials announced that it entered into an agreement to acquire the SEFA Group, a leading fly ash company. This acquisition is likely to strengthen its presence in the cement sector.
Region-wise, the Asia Pacific holds a substantial share of the market due to the presence of key players. The rapid expansion of the building and construction sector and the surging attempts by governments to expand infrastructural development are some of the key fly ash market trends.
In Europe, fly ash finds multiple uses in underground mining as well as construction, renovation, and restoration of coal mines and quarries. It is also used in concrete mixtures with blended cement and raw materials, among others. Furthermore, the growing utilisation of the product in geopolymers, lightweight aggregate, bricks, construction of roads, and embankments and agriculture is anticipated to bolster the market in upcoming years.
Key Market Players
The major players in the global fly ash market report are:
- The SEFA Group
- Australia Holdings Pty Limited
- Titan America LLC.
- Salt River Materials Group
- Ashtech India Pvt. Ltd.
- CEMEX S.A.B. de C.V.
- Holcim Ltd
- Boral Limited
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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