Fly Ash Market

Fly Ash Market size reached USD 5.4 billion in 2022 and is estimated to reach USD 8.5 billion in 2030 and the market is estimated to grow at a CAGR of 5.8%.

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Major Fly Ash Market Drivers

The main usage of fly ash is for the production of Portland pozzolana cement and other evolving uses of cement. For example, rising industrialization and living standards has led to the increase in construction activities for the development of roads and building, which has driven the demand for fly ash in cement construction. Government strategies for expansion of the industry, for example, “Government Construction Strategy 2016-2020”, stated the investment of US$ 1.4 billion for authority projects and authority has further surged the growth of the fly ash market. Furthermore, scarcity of the raw materials for making cement which include fossil fuels, limestone, since they are present in limited amount and need1000 of years for formation, is surging the growth of the fly ash market size.

Strategic initiatives by the Indian government is surging the demand for fly ash. For example, the constant push by the Indian government to increase the usage of fly ash by 10 times, which has led to an increase in the overall market growth. In addition, the rapid expansion of the construction sector, for example, according to the “European Construction Industry Federation”, a survey was done in the U.K. which projected that around 46% of the respondents noted an increase in housing and construction. In QATAR robust growth in the construction industry, is due to the FIFA world cup is scheduled in 2022, which requires new buildings, hotels, roads, etc., thus leading to more demand for dry ash for cement production, which in turn, is driving the growth of the global fly ash industry.

Restraint in the Fly Ash Market

However, the higher permeability of the cement due to the poor quality of cement and emissions of volatile organic compounds from coal combustion are the major factors that are hampering the growth of the global fly ash market.

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Class – Segment Analysis

Based on the Class, class F is expected to dominate the global fly ash market. Due to its increased usage in Portland cement for high-strength mixes and mass concentrate, it is holding the major share of the fly ash market size. Increased late compressive strengths, less heath generation during hydration, increased resistance to sulfate attack are some of the features provided by the class F fly ash, which are increasing its use.

End Use Industry – Segment Analysis

Based on the end use Industry, the cement industry is expected to dominate the global fly ash market. Mass percentage of fly ash goes into the production of cement, as it is a supplementary cementitious material with Portland cement. The increase in the production and expansions of the cement production grinding plants are driving the growth of the market.

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Regional – Segment Analysis:

On the basis of regional coverage, Asia Pacific is expected to dominate the global fly ash market over the forecast period. Various governmental bodies of the countries like China, are investing more in construction and infrastructure from fly ash, which is contributing to the growth of the market. For example, China and India are the leading producers of coal, which shows the major production fly ash occurs. According to the Journal of Materials and Environmental Science, India alone produces more than 217 million tons of fly ash. Talking about consumption, according to science direct, China and India consume more than 60% of the total fly ash production, thus contributing to the market growth.

Top Market Players

Various notable players operating in the market include Boral, CEMEX S.A.B. de C.V., Charah Solutions, Inc., Waste Management, LafargeHolcim, Separation Technologies LLC, Aggregate Industry, Salt River Materials Group, Ashtech India Pvt. Ltd., and SEFA, among others. 

Key Developments:

• • In 2018, Boral announced the acquisition of the Carbon Burn-out (CBO) technology developed by PMI Ash Technologies, LLC. This acquisition helped in creating more string presence in the North American region.
  • In 2018, Charah Solutions, Inc. announced the acquisition of SCB International, Inc. (SCB) to develop and deploy innovative technologies for fly ash benefaction for sale to concrete producers, processing kiln dust to remove mercury, and to grind granulated blast furnace slag to be sold to concrete producers. This helped Charah Solutions to expand its MultiSource fly ash offerings and capture the changing customer demand.

Segments covered in the Report:                              

The global Fly Ash Market has been segmented based on class, end use Industry, and regions. Based on class, the market is segmented into class F and class C. Based on end use Industry, the market is segmented into cement Industry, agriculture Industry, chemical Industry and others. 

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Report Coverage	Details
Market Revenues (2022)	USD 5.4 billion
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Class, By End Use Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Boral, CEMEX S.A.B. de C.V., Charah Solutions, Inc., Waste Management, LafargeHolcim, Separation Technologies LLC, Aggregate Industry, Salt River Materials Group, Ashtech India Pvt. Ltd., SEFA, among others; a total of 10 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Fly Ash Market by Class

• • Class F
  • Class C

Global Fly Ash Market by End Use Industry

• • Cement Industry
  • Agriculture Industry
  • Chemical Industry
  • Others

Global Fly Ash Market by Region

• • North America Fly Ash Market (Option 1: As a part of the free 25% customization)

    • By Class
    • By End Use Industry
    • US Market All-Up
    • Canada Market All-Up

  • Europe Fly Ash Market (Option 2: As a part of the free 25% customization)

    • By Class
    • By End Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Fly Ash Market (Option 3: As a part of the free 25% customization)

    • By Class
    • By End Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Fly Ash Market (Option 4: As a part of the free 25% customization)

    • By Class
    • By End Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Fly ash (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Boral
  • CEMEX S.A.B. de C.V.
  • Charah Solutions, Inc. 
  • Waste Management
  • LafargeHolcim 
  • Separation Technologies LLC
  • Aggregate Industry
  • Salt River Materials Group 
  • Ashtech India Pvt. Ltd. 
  • SEFA