Fly Ash Market Overview:
As per Market Research Future (MRFR)’s new study, the global fly ash market is set to strike a CAGR of 6.30% during the forecast period 2018 to 2023. The valuation of the market is expected to reach 4.9 Bn by the end of 2023. The strong value maintained by the construction industry is poised to drive the growth of the fly ash market globally significantly.
The governments in multiple countries have mandated the use of materials containing fly ash for the purpose of construction of new buildings, in a bid to dispose of quantities of fly ash produced without out causing environmental degradation and health hazards which is expected to reflect positively on the growth of the global fly ash market.
Fly ash also finds application in the construction of roads and fire bricks. Fly ash is experiencing towering demand from the building projects of expressways and highways since using them provides significant economic benefits which are likely to arouse the growth of the global fly ash market.
However, the global fly ash market is met with certain factors which are likely to restrict growth over the forecast period. High disposal costs and growing scarcity of landfill sites can impede the growth of the market. Detrimental environmental effects of fly ash might also constrain market growth. Meanwhile, commercialization of bio-based maleic anhydride is expected to offer opportunities for market expansion over the forecast period.
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Fly Ash Market Key Players:
- Bluestar Harbin Petrochemical Corp. (China)
- Thirumalai Chemicals Ltd (India)
- Fuso Chemical Co. (Japan)
- Changzhou Yabang Chemical Co. Ltd (China)
- Helm AG (Germany)
- Ashland Inc. (US)
- Polynt Group (Italy)
- Marathon Petroleum Corp. (US)
- Mitsubishi Chemical Corporation (Japan)
- Lanxess (Germany)
- Ningbo Jiangning Chemical (China)
- Nippon Shokubai Co. Ltd (Japan)
- Nan Ya Plastics Co. (China)
- Bartek Ingredients Inc. (Canada)
- Huntsman Corporation (US)
Fly Ash Market Regional Analysis:
Geographically, the fly ash market spreads across the regions of the Americas, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
APAC led the global market in 2017. Rapid industrialization in the region coupled with the enormous growth of the construction industry in the region due to fast-track urbanization can be accredited for the growth of the APAC market. Also, fly ash is found in abundance in the region which acts as a plus for the growth of the APAC fly ash market. In addition, the governments in the region have initiated actions for energy conservation which serves a significant driving factor.
Fly Ash Market Segmentation:
The global fly ash market has been segmented based on raw material, application, and end-use industries.
By raw material, the global fly ash market has been segmented into N-Butane and Benzene. The N-Butane segment accounted for the largest share of the market in 2017.
By application, the global fly ash market has been segmented into Unsaturated Polyester Resin (UPR), Copolymers, Lubricant Additives, Alkenyl Succinic Anhydrides, Malic Acid, Fumaric Acid, and Others. The unsaturated polyester resin segment led the market in 2017 while the copolymers segment is projected to be the fastest growing segment.
By end-use industries, the global fly ash market has been segmented into Construction, Automotive, Food & Beverages, Textile, Pharmaceuticals, Personal Care, Agriculture, and Others. The construction segment was the largest in 2017 while the automotive segment is expected to be the fastest growing segment over the forecast period.
Fly Ash Market Table of Content to be Continue….,
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