Rebounding Construction Activities in Developed Countries and Rapid Urbanization in Developing Countries Have Significantly Impelled the Demand for Fly Ash in Cement Manufacturing Industry Across the Globe.
Global Fly Ash market is expected to expand at a compound annual growth rate (CAGR) of 5.4% over the forecast period i.e. 2016-2024.The fly ash market witnessed growth across the globe in recent years as developing countries are undergoing rapid urbanization and intense construction activities.
Market Landscape
The existing consumption of fly ash is only about 55%, mainly in the areas of cement as well as concrete manufacturing and building products and to some magnitude in earth fill. About 41% electricity is produced from the thermal electric plants across the globe generating an extensive amount of fly ash, about which only 43% is used for the creation of hydraulic cement and Portland cement rest is placed in the landfills. Regardless of, the retirement of coal plants fly ash production expected to increase by 2.6 % by the year 2033, and production of 131 million tons of fly ash per year in the USA only. Rapid urbanization and construction in Asia-pacific and Latin-America ate the major forces behind the healthy growth of fly ash products like Portland cement and other compounds used in construction and agricultural sector.
Global Fly Ash Market Outlook, 2016-2024 covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, the competitive analysis includes the in-depth analysis of the major players and leaders in Fly Ash industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler, and others. Our primary research team conducted various interviews, surveys and group discussions of industry professionals, Fly Ash manufacturers, aftermarket vendors, and component suppliers to analyze the future prospects of the overall Fly Ash industry.
Global Fly Ash Market Segmentation can be classified on the basis of:-
- By Product Type
o F-type
o C-type
- By Applications
o Portland Cement
o Embankments
o Waste Treatment
o Bricks
o Others (Geopolymers etc.)
- By Geography
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Production (Units)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion, Production (Units)}
o The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Production (Units)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Production (Units)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Production (Units)}
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Market Trends, Drivers, and Challenges
Awareness among the construction industry regarding the fly ash as a substitute for the common Portland cement which provides improved strength and properties to eradicate water and chemical penetration. Generation of fly ash in abundance provide it at much lower cost and significantly driving the growth of global fly ash market. However, the poor quality of fly ash which escalates the rate of permeability in cement seems to be the major challenge for the fly ash market. In some regions, thermal power plants are also shutting down owing to the increasing concerns for the environment, which will consequently create the fly ash shortage in coming years.
Fly ash market industry report has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes Porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Fly Ash market report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.
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