As per a report by Fortune Business Insights The global fly ash market size is projected to reach USD 13.33 billion by 2027 owing to the rapid urbanization and industrialization worldwide. Fly ash is a fine, powdered substance that is the byproduct of burning pulverized coal in electric generation power plants. They are captured by emission control equipment such as scrubbers, fabric filters, or electrostatic precipitators. As per a recent report by Fortune Business, the market value stood at USD 8.54 billion in 2019 and is likely to rise at a CAGR of 5.83% between 2020 to 2027.
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this, too, shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling, and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Request Sample PDF file:
Key Players Assessment in this Research:
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in this market
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
Rising Demand for Environment-friendly Cement will Contribute to the Market Growth
Fly ash is mainly used in portland pozzolana cement and for manufacturing bricks. This acts as the major driver. Besides this, fly ashes also do not emit carbon or greenhouse gases into the atmosphere at the time of production and have additional environmental benefits. Various academic institutions, government and private stakeholders, and R & D institutions are taking the task of promoting the use of fly ash in construction materials. This will also aid in the expansion of the market in the coming years.
On the flip side, poor quality fly ash may harm the concrete, thereby hampering the market in the long run. Nevertheless, the increasing efforts to introduce environment-friendly cement is likely to create lucrative growth opportunities for the market in the coming years.
Asia Pacific will Dominate Market with Increasing Construction Activities
In 2019, Asia Pacific emerged as the region holding the largest fly ash market share with a revenue of USD 4.15 billion. This is owing to the rapidly growing population and the rise in the number of construction activities. On the other side, the North American market is likely to grow notably owing to the improving transportation systems and wide range of major construction projects such as the building of dams, bridges, skyscrapers, roads, and others. Manufacturers in this region use high-performance fly ash mixes for gaining superior strength and longevity in the respective projects.
Consolidated Nature of Market will Intensify Competition
The market is consolidated in nature with the top 10 companies holding an average of 50% or more fly ash market share. This is owing to the massive investment made on resources for research and development of various fly ash products, and expansion of product portfolio into various geographies. On the other side, small and medium-sized companies are engaging in collaborative efforts such as mergers and acquisitions, agreements and contracts, joint ventures, and partnerships to attract more revenue to the market during the forecast period.
Inquire before buying:
Report Aim & Scope:
- An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
- The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
List of Fly Ash Market Manufacturers include:
- Cemex S.A.B. De C.V.
- Charah, LLC.
- Cement Australia Pty Limited
- Duromar, Inc.
- Aggregate Industries
- Boral Ltd.
- LafargeHolcim Ltd.
- Titan America LLC.
- Salt River Materials Group
- Tarmac Holdings Limited
- Other Players
Major Industry Developments of the Market include:
September 2018 – A major company dealing with coal combustion products called Boral Limited acquired 4.5 million tons of pozzolanic deposits located in central Utah, United States of America.
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: [email protected]