NEW YORK, Aug. 9, 2024 /PRNewswire/ -- The global fly
ash market size is estimated to grow by USD 20.51 billion from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of over 6.78%
during the forecast period. Rising construction activities is
driving market growth, with a trend towards eco-friendly cement
technology. However, limitations in use of fly ash poses a
challenge. Key market players include Ashtech India Pvt. Ltd.,
Boral Ltd., CEMEX SAB de CV, Charah Solutions Inc., CRH Plc, Ecocem
Ireland Ltd., HeidelbergCement AG, Holcim Ltd., National Minerals
Corp., NTPC Ltd., Salt River Materials Group, Sephaku Holdings
Ltd., Suyog Elements India Pvt. Ltd., The SEFA Group LLC, Titan
Cement Group, Usb Chemicals, and Waste Management Inc..
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Fly Ash Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
6.78%
|
Market growth
2024-2028
|
USD 20511.7
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
5.9
|
Regional
analysis
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Performing market
contribution
|
APAC at 34%
|
Key
countries
|
US, China, India,
Germany, and United Arab Emirates
|
Key companies
profiled
|
Ashtech India Pvt.
Ltd., Boral Ltd., CEMEX SAB de CV, Charah Solutions Inc., CRH Plc,
Ecocem Ireland Ltd., HeidelbergCement AG, Holcim Ltd., National
Minerals Corp., NTPC Ltd., Salt River Materials Group, Sephaku
Holdings Ltd., Suyog Elements India Pvt. Ltd., The SEFA Group LLC,
Titan Cement Group, Usb Chemicals, and Waste Management
Inc.
|
Market Driver
The global construction industry is experiencing significant
growth, with an anticipated increase in output of over USD15 trillion by 2030. Major contributors to
this growth include China, the US,
and India, accounting for over 55%
of the market. Cement and bricks are the most widely used materials
in construction, making up a substantial portion of resources
consumed in building and infrastructure projects. In response to
increasing demand and environmental concerns, eco-friendly
construction materials are gaining popularity. One such innovation
is Low-Carbon Cement (LC3), also known as Limestone Calcined Clay
Portland Cement. This initiative, led by research institutes in
India and the Swiss government,
aims to produce more cement with less clinker, extending limestone
mine production by 45-65% and reducing CO2 emissions by up to 31%.
The production of 250 million tons of LC3 could potentially reduce
annual CO2 emissions by approximately 79.5 million tons. This
breakthrough technology benefits both the cement industry and the
environment by increasing resource efficiency and reducing carbon
footprint.
The Fly Ash market is experiencing significant growth,
particularly in the road construction industry, due to its usage as
an eco-friendly material. With stringent environmental regulations,
the demand for fly ash as a replacement for traditional materials
like Portland Cement is increasing. Two main types of fly ash,
Class F and Class C, offer varying compressive strengths and are
used in embankments, road stabilization, and waste stabilization.
However, challenges like sulfate attack and alkali-silica reaction
must be addressed. Mining and oilfield industries are major
contributors to fly ash production. In road construction, fly ash
is used as an additive for oilfield service applications and in oil
well cement. Additionally, fly ash is utilized in building
materials, power stations, and coal industries for wastewater
management and agriculture soil restoration. Fly ash is also used
in geopolymer concrete production, which is a sustainable
alternative to traditional concrete. Key components like sodium
silicate and sodium hydroxide are used in the production of glass,
ceramics, and metal refining, further expanding the market. The use
of fly ash in these industries reduces carbon emissions,
contributing to sustainable development.
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Market Challenges
- Fly ash is a crucial component in concrete production,
contributing to a decrease in water content without affecting
workability, thereby increasing its usage from 15-25% to 40-60% by
mass. However, high volume usage may lead to extended setting times
and slower strength development, particularly in cold European
regions. The quality of fly ash is paramount, as poor-quality ash
can enhance permeability, potentially damaging structures.
Traditional builders have expressed resistance due to fly ash's
efflorescence tendency and concerns over freezing and thaw
performance. Other challenges include slow strength gain, seasonal
limitations, and increased air entraining admixture
requirements.
- The Fly Ash market faces several challenges in its growth
trajectory. Substitute materials like blast furnace slag and silica
fume pose competition. Coal combustion residuals, the primary
source of fly ash, require careful management due to environmental
consciousness. The Road Construction segment and Agricultural
category offer significant opportunities, with fly ash used as road
paving materials and stabilizing agents. However, challenges like
permeability and efflorescence in concrete applications persist.
Infrastructure development in rail networks and roadways presents
potential markets, but proper disposal of fly ash remains a
concern. Coal combustion chambers in thermal power plants must
comply with emission control equipment like scrubbers,
electrostatic precipitators, and fabric filters. Cementitious
materials, including Pozzolanic additives, glass-ceramics, and
glass materials, find applications in various industries like
ceramics, bricks, and concrete. Government departments push for
commercialization of fly ash in infrastructure construction and
non-residential establishments. Precast products, blocks, panels,
roof tiles, and stabilizing agents for sub-grade and base materials
are in demand. Ultimately, environmental sustainability is crucial
to the Fly Ash market's growth.
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Segment Overview
This fly ash market report extensively covers market
segmentation by
- Application
- 1.1 Portland cement
- 1.2 Agriculture
- 1.3 Road construction
- 1.4 Fire bricks
- 1.5 Others
- Type
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Fly Ash market is primarily associated with the power
generation industry, where it is produced as a by-product of Coal
combustion in thermal power plants. Fly Ash, a fine powder, is rich
in silica, alumina, iron, and other minerals, making it an
excellent building material. It is used as a pozzolanic additive in
Portland Cement production, reducing the need for virgin raw
materials and lowering carbon emissions. In infrastructure
development, fly ash is used for road paving and in the production
of cementitious materials. In the construction sector, it is used
in both residential and non-residential construction as a
substitute for sand and gravel in concrete production. Its use in
emission control equipment, such as scrubbers, electrostatic
precipitators, and fabric filters, also helps in reducing carbon
emissions from power stations. Additionally, fly ash is used in the
production of glass-ceramics and glass materials. However, the
improper disposal of fly ash through dumping can pose environmental
concerns. Sustainable development and infrastructure growth are key
drivers for the Fly Ash market.
Market Research Overview
The Fly Ash market is a significant byproduct of coal combustion
in power stations, which finds extensive applications in various
industries. Building materials are a major segment for fly ash,
with its usage as a pozzolanic additive in Portland cement, improving its properties such
as compressive strength and reducing carbon emissions. Coal
combustion residuals are utilized in the production of cementitious
materials like geopolymer concrete, sodium silicate, and sodium
hydroxide. Fly ash also finds applications in the manufacturing of
glass, ceramics, and metal refining. In the infrastructure sector,
it is used in road construction, rail networks, and embankments as
a stabilizing agent and base material. The residential and
non-residential construction sectors use fly ash in concrete
production, reducing the need for virgin materials and promoting
environmental sustainability. The Road Construction segment and
Agricultural category are significant end-users, with fly ash being
used as sub-grade materials and soil conservation agents. The
market is driven by the increasing demand for eco-friendly
materials and stringent environmental regulations. Class F and
Class C ash are the two major types, with Class F ash having a
lower calcium content and higher silica content, making it suitable
for use in cement and concrete production. Fly ash is also used in
waste stabilization, mining, oilfield service, and road
stabilization. Its usage in agriculture soil restoration and
wastewater management is gaining popularity due to its ability to
improve soil quality and reduce water pollution. The market is
expected to grow significantly in oil-producing countries due to
the increasing demand for oilfield cement and the need for
environmental consciousness in the mining and oil industries.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Portland Cement
- Agriculture
- Road Construction
- Fire Bricks
- Others
- Type
-
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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