New York, United States , April 15, 2024 (GLOBE NEWSWIRE) -- The Global Fly Ash Market Size is to Grow from USD 12.78 Billion in 2023 to USD 23.61 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 6.33% during the projected period.
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Fly or flue ash is a fine particle that emerges from coal combustion chambers and is captured by emission control equipment such as scrubbers, electrostatic precipitators, and fabric filters. A large amount of ash is produced by various thermal power plants, and its disposal has become one of the most serious environmental challenges. Flue ash was created by the combustion of coal-fired power plants, and it was thought to be of extremely low value, only useful for landfill disposal. Fly ash has greater strength, durability, and flexibility than standard concrete. The rising environmental concerns will encourage market participants to use fly ash in the building and construction industries. Demand for fly ash will rise worldwide due to increased investment in governmental, commercial, and private infrastructure. As a result, rising demand for construction and buildings will drive market expansion over the forecast period. However, material irregularity increases permeability, making damage to the concrete more likely. This risk rises throughout the winter, restricting the usage of fly ash in buildings and construction to a few months. As a consequence, variability combined with low-quality fly ash makes it unsuitable for the building and construction industries, impeding market growth.
Browse key industry insights spread across 200 pages with 120 Market data tables and figures & charts from the report on the "Global Fly Ash Market Size, Share, and COVID-19 Impact Analysis, Global Fly Ash Market Size, Share, and COVID-19 Impact Analysis, By Type (Type F, Type C), By Application (Cement & Concretes, Fills & Embankments, Waste Stabilization, Mining, Oilfield Service, Road Stabilization, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The type F segment is expected to hold the largest share of the global fly ash market during the forecast period.
Based on the type, the global fly ash market is categorized into type F, and type C. Among these, the type F segment is expected to hold the largest share of the global fly ash market during the forecast period. Type F ash has various advantages over other types of ash, including increased compressive strength, resistance to the alkali-silica reaction, resistance to sulphate attack, decreased heat generation, and a lower water demand.
The cement & concretes segment is expected to grow at the fastest CAGR during the forecast period.
Based on the application, the global fly ash market is categorized into cement & concretes, fills & embankments, waste stabilization, mining, oilfield service, road stabilization, and others. Among these, the cement & concretes segment is expected to grow at the fastest CAGR during the forecast period. The use of cement concrete has various advantages and improves concrete performance in both the fresh and hardened phases. Ash used in concrete improves both the workability of plastic concrete and the durability and strength of hardened concrete.
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Asia Pacific dominates the market with the largest market share over the forecast period.
Asia Pacific dominates the market with the largest market share over the forecast period. The region's cement demand is high as the building and construction industry expands rapidly. Furthermore, both countries are significant cement exporters worldwide. South Korea, Japan, and Southeast Asian countries also contribute significantly to market growth. Changing demographics, increased disposable income in emerging and densely populated countries, and urbanization activities are key drivers of the fly ash market's growth. The region is the most technologically advanced in the building industry, and the growing popularity of sustainable and time-saving construction methods will drive up demand for precast materials.
Europe is expected to grow the fastest during the forecast period. According to the European Coal Combustion Products Association (ECOBA), flue ash is widely utilized in concrete addition, blended cement, cement raw materials, road construction, concrete blocks, and other applications. Several studies have reported the potential use of fly ash in the production of concrete and cement-based materials, roadways and embankments, filler minerals in mixed asphalt, lightweight aggregate, bricks, geopolymers, mine backfilling, environmental applications, rare earth element acquisition, and agriculture.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global fly ash market are Cement Australia Pty Limited, Salt River Materials Group, Tarmac Holdings Limited, Aggregate Industries, Boral Ltd., Cemex S.A.B. De C.V., Holcim Ltd., Charah, LLC., Titan America LLC, Southeastern Fly Ash Company, and others.
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Recent Developments
- In January 2024, The India Environment Portal reported on changes to India's fly ash consumption notification that encourage environmentally beneficial practices, particularly among small and micro businesses. This legislative change may affect both power plants that manage fly ash and businesses who employ it in a range of applications.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global fly ash market based on the below-mentioned segments:
Global Fly Ash Market, By Type
- Type F
- Type C
Global Fly Ash Market, By Application
- Cement & Concretes
- Fills & Embankments
- Waste Stabilization
- Mining
- Oilfield Service
- Road Stabilization
- Others
Global Fly Ash Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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