Increased usage of fly ash into concrete and its corrosion resistance properties as well as alkali-silica reactivity is expected to increase demand for the product.
The global Fly Ash Market size was USD 13 Billion in 2022 and is expected to reach USD 23.9 Billion in 2032, and register a rapid revenue CAGR of 7 % during the forecast period. Rising demand for environment-friendly building materials and increasing use of fly ash across numerous sectors are major factors driving market revenue growth.
Power stations that burn coal frequently produce fly ash, a byproduct of coal combustion, which is frequently used in the building sector as an environment-friendly Portland cement replacement. Fly ash is a valuable ingredient for creation of cement, concrete, and other building materials due to their silica, alumina, and iron content.
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Top Leading Players in The Global Fly Ash Market Are:
Boral Limited, CEMEX S.A.B. de C.V, Lafarge North America Inc, Separation Technologies LLC, Charah Inc., Aggregate Industries, FlyAshDirect, Ashtech, Salt River Materials Group, Sephaku Cement Ltd, Titan America LLC
Further key findings from the report suggest
- Type F segment dominant the fly ash market. Type F is registered with the CAGR of 6.7%. It is growing high due to the properties such as resistance to sulfate attack, Low Cost, high workability makes it popular in the market of fly ash
- Coal-fired electricity production falls from 2013 to 2016 due to the major boom in renewable energy. It is expected that China's coal powered generating electricity increase to 1300 GW by 2020, from 960 GW in 2016, despite official plans to limit that growth to 1100 GW
- India has a road network of over 5,903,293 KM it is the second largest road network in the world. The national highways in India has expanded from 70,934 km in 2010-11 and reaches to 101,011 km in 2015-16
- Population in the world is currently growing at a rate of around 1.07% per year in the year 2019-2019. Increase in population generates demand for the electricity, this helps in growth of the fly ash market
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Segments covered in the report:
By Type Outlook:
- Class F
- Class C
- Others
By Application Outlook:
- Portland Cement and Concrete
- Bricks and Blocks
- Road Construction
- Agriculture
- Others
Regional scope:
North America; Europe; Asia Pacific; Latin America ; Middle East & Africa
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