The global Fly Ash Market is expected to expand at a CAGR of 7.1%

Posted by Satr Martin on May 18th, 2018

Global Fly Ash Market Overview

Fly ash is a fine powder substance which is a by-product of electric generation power plants produced by burning of pulverized coal. Fly ash contains aluminous and siliceous material that forms cement in the presence of water. Fly ash when mixed with lime and water forms a compound similar to portland cement. Coal fired power plant produces fly ash which provides an excellent prime material used in embedded cement, mosaic tiles and hollow blocks.

Market Size & Forecast

Global fly ash market was valued at USD 40 billion in 2015; the market is anticipated to reach USD 70 billion by the end of 2023 witnessing a compound annual growth rate of 7.1% over the forecast period.

Portland cement segment is expected to be the largest segment of fly ash market and is anticipated to maintain its “all time high” position over the forecast period i.e. 2016-2023.

Road construction and fire bricks segment is anticipated to be the second most attractive market in terms of compound annual growth rate. This is mainly attributed to the increasing demand of fly ash for emerging megaprojects of expressways and highways in the developing countries.

Asia Pacific is the largest market for fly ash followed by North America owing to the wide availability of product in this region. Due to increasing construction activities and growing urbanization, the region is anticipated to show a strong growth over the forecast period. Agriculture sector accounted for more than 14% of the global fly ash market and is expected to experience steady growth in the near future due to availability of substitutes for soil stabilization.

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Fly ash has been successfully used as structural fills in many developed countries. However, this particular bulk utilization of ash is yet to be implemented in developing and under-developed countries. The growth of fly ash market is mainly driven by the construction sector. Extensive use of fly ash in construction industry is going to create a strong demand of fly ash in the global market.

Fly ash fills the gap between cement particles in concrete mixture this results in less usage of water which increases the durability of concrete. Fly ash concrete reduces crack problems, reduces heat of hydration and makes the infrastructure resistant to cold weather.

Market Segmentation

By Product

Deep dive industry analysis has been carried out on the following product segments:-

Class F

Class C

Others

By Application

By application, the global fly ash market is analyzed on the following end uses:-

Portland Cement

Road Construction

Fire Bricks

Agriculture

Decorative Glass

Others (water treatment etc.)

By Region

Global Fly Ash Market is further classified on the basis of region as follows:

North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis

Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis

Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis

Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis

Middle East and Africa (GCC, North Africa, South Africa and Rest of Middle East and Africa)

Growth Drivers and Challenges

Increasing awareness among consumers towards the benefit of using fly ash as a substitute for portland cement in concrete along with the cost reduction is expected to uplift the fly ash market across the globe.

According to WHO, global urban population comprises 55% of the global population in 2015. Growing urbanization has led to strong demand for infrastructure in urban areas, this will further boost the demand of fly ash in construction sector therefore propelling the over-all growth of the market.

Increasing construction activities across the globe has led to strong demand of fly ash in the market owing to its properties such as strength, long term durability, cost effectiveness and improved quality of finished product.

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Fly ash is an environment friendly product because it is a by-product and has low embodied energy, increasing environmental concerns along with the government initiatives to reduce the fly ash emissions, by disposing it into waste landfills have boosted the growth of global fly ash market. However, higher permeability of cement due to poor quality of fly ash is expected to be the major reasons restraining the market growth over the forecast period.

Key Players

Ash Improvement Technology

Boral Limited

Cemex

Ceratech Inc.

Ecocem Materials Ltd.

LafargeHolcim Ltd.

Sephaku Cement Ltd.

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

By Product Market Size & Y-O-Y Growth Analysis

By Application Market Size & Y-O-Y Growth Analysis

By Region Market Size & Y-O-Y Growth Analysis

By Regions

Global Fly ash market has been studied on countries and regions like:

North America (U.S., Canada) Market Size & Y-O-Y Growth Analysis

Latin America (Mexico, Brazil, Rest of Latin America) Market Size & Y-O-Y Growth Analysis

Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size & Y-O-Y Growth Analysis

Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia) Market Size & Y-O-Y Growth Analysis

Middle East and North Africa (MENA) Market Size & Y-O-Y Growth Analysis

Rest of World  Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

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