PUBLISHER: The Business Research Company | PRODUCT CODE: 1414228
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414228
“Fly Ash Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fly ash market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for fly ash? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The fly ash market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Fly ash consists of small, solid particles of ash, dust, and soot, carried by the draft from the combustion of fuels such as coal or oil. Its utilization enhances concrete durability and workability while reducing permeability.
There are two main types of fly ash, class F and class C. Class F fly ash is a pozzolanic variant with minimal inherent cementing value, serving as a substitute for Portland cement. Widely applied in the petroleum, ceramic, and construction industries, class F fly ash finds use in Portland cement, concrete, bricks, blocks, and road construction.
The fly ash market research report is one of a series of new reports from The Business Research Company that provides fly ash market statistics, including the fly ash industry's global market size, regional shares, competitors with a fly ash market share, detailed fly ash market segments, market trends, and opportunities, and any further data you may need to thrive in the fly ash industry. This fly ash market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The fly ash market size has grown strongly in recent years. It will grow from $6.55 billion in 2023 to $7.06 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The expansion observed in the historical period can be ascribed to a rise in construction and infrastructure development, the management of coal combustion residue, improvements in concrete performance, government efforts to promote sustainable construction, and the substitution of Portland cement with fly ash.
The fly ash market size is expected to see strong growth in the next few years. It will grow to $9.2 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The anticipated expansion in the forecast period can be linked to an emphasis on sustainable construction materials, the evolution of environmental policies, the worldwide increase in renewable energy sources, the incorporation of fly ash in road construction, and the broadening utilization of fly ash in agriculture. Prominent trends expected in the forecast period encompass advancements in fly ash beneficiation technologies, its application in soil stabilization, collaborative partnerships within the industry, heightened focus on quality control and certification, and ongoing research and development in various fly ash applications.
The anticipated growth in the fly ash market is expected to be propelled by the rapid expansion of the construction industry. The construction industry encompasses the commercial sectors involved in the development, preservation, and repair of infrastructure. Fly ash, known for its cost-effectiveness, is utilized in construction to enhance the strength and durability of hardened concrete, as well as the workability of plastic concrete. A notable example is the record 12.7% increase in the annual construction sector reported by the UK's Office for National Statistics in February 2022, compared to the previous year. Additionally, the United States Census Bureau, in March 2023, indicated a 13.8% rise in the number of privately owned housing units approved by building permits in February on a seasonally adjusted yearly basis. This surge further underscores how the booming construction industry is driving the growth of the fly ash market.
The increasing focus on waste management solutions is anticipated to contribute to the growth of the fly ash market. Waste management solutions encompass comprehensive strategies and practices aimed at efficiently handling, controlling, and minimizing the generation, collection, transportation, treatment, and disposal of waste materials. Effective waste management practices that promote the safe and efficient utilization of fly ash play a vital role in expanding its applications across various industries. For example, data from the UK Department of Environment, Food and Rural Affairs in June 2023 revealed an increase in the percentage of waste from households (WfH) recycled, including incinerator bottom ash metal (IBAm), from 44.4% in 2020 to 44.6% in 2021. This emphasizes how the growing emphasis on waste management solutions is a key driver for the fly ash market.
Technological advancement stands out as a key trend gaining traction in the fly ash market, with major companies directing their focus toward the development of innovative technologies. An illustrative example comes from Separation Technologies LLC, a US-based provider of environmentally sustainable fly ash solutions, which, in May 2022, introduced ProAsh and EcoTherm based on a novel industrial technology that recycles fly ash from landfills. This groundbreaking technology not only aids in landfill cleanup and rehabilitation but also contributes to creating greener and more environmentally friendly surroundings for local communities. Separation Technologies LLC has pioneered the world's first industrial-scale fly ash drying and electrostatic separation plant for this innovative process, resulting in CO2 reduction through its adoption across the power generation and construction material sectors.
Major players in the fly ash market are actively engaging in partnerships to drive market revenues. Collaborative efforts in fly ash partnerships focus on finding environmentally friendly and economically viable solutions for managing this byproduct, with the goal of reducing waste and promoting sustainable practices. A notable example is the partnership between Eco Material Technologies, a US-based company offering sustainable cement alternatives, and Georgia Power at Plant Branch in Putnam County. This collaboration involves the construction of a second fly ash harvesting facility, following the first one at Plant Bowen in Bartow County, scheduled to commence harvesting in 2024.
In February 2022, Eco Material Technologies, a US-based marketer of fly ash and coal combustion products, acquired Boral Limited's North American fly ash business for $755 million. This acquisition not only yielded immediate synergies for Boral but also positioned Eco Material Technologies to capitalize on new growth opportunities. Boral, an Australia-based construction materials company operating in the fly ash market, became an integral part of this strategic move.
Major companies operating in the fly ash market report are R-E-D Industrial Products, Charah Solutions Inc., Holcim Ltd., FlyAshDirect Ltd., Aggregate Industries Ltd., Ashtech India Pvt. Ltd., Tarmac International Inc., Cement Australia Pty Limited, Duromar Inc., WM Intellectual Property Holdings LLC, Titan America LLC, SEFA Group, HeidelbergCement AG, ENX Inc., Royal Mineral, Salt River Materials Group, Southeastern Fly Ash Company, Sephaku Cement Ltd., China National Building Material Company, UltraTech Cement Ltd., ACC Limited, Ambuja Cements Limited, Dalmia Bharat Limited, JK Cement Ltd., Shree Cement Ltd., Prism Johnson Limited, Ramco Cements Limited, India Cements Limited, Nuvoco Vistas Corp. Ltd., JSW Cement Ltd., Orient Cement Ltd.
Asia-Pacific was the largest region in the fly ash market in 2023,and is expected to be the fastest-growing region in the global fly ash market during the forecast period. The regions covered in the fly ash market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the fly ash market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The fly ash market consists of sales of oxides of silicon, aluminum iron and calcium. Magnesium, potassium, sodium, titanium, and sulfur. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.