Fly Ash Market Size, Competitive Landscape and key Country Analysis to 2027

The global fly ash market accounted to US$ 6,863.5 Mn in 2018 and is expected to grow at a CAGR of 7.9% during the forecast period 2019 – 2027, to account to US$ 13,502.7 Mn by 2027.

The Asia Pacific accounted for the largest market share in the global fly ash market. The growth of fly ash market in this region is primarily attributed to the rising spending on infrastructure and increasing growth in the construction sector. Moreover, higher population rate in the countries such as China and India has led to increased demand for residential as well as commercial construction. The growing population of these countries is the main driver for the growth of the construction industry in the region. This would influence the fly ash market growth during the forecast period. Furthermore, the availability of vast coal reserve in this region and government initiatives for the disposable of fly ash are the major factors that provide a lucrative growth opportunity for the fly ash market players.

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Top Key Players: Charah Solutions, Inc., Salt River Materials Group, Separation Technologies LLC, Lafarge North America Inc., Cemex S.A.B. de C.V., SEFA, Boral Limited, Flyashdirect, Ash Improvement Technology, and Sephaku Cement Ltd among others.

The cement industry globally is facing a significant challenge in procuring raw materials due to the increase in scarcity of limestone, fossil fuels, and others. On the other hand, the growth in the construction sector worldwide is rising at a faster pace due to the growing demand for commercial, residential, and industries sectors. These factors are directly proportional to the growth in demand for cement. This factor has risen the demand for other alternatives to Ordinary Portland Cement (OPC), i.e., fly ash.

Fly Ash is a coal combustion by-product produced in the thermal power plants. The disposal of the high amount of fly ash from thermal power plants absorbs a high amount of energy, water, and land area. Therefore, fly-ash management is a critical issue faced by different countries. However, recent studies have proposed that fly ash can be applied in the agriculture sector as a soil ameliorate. Fly ash may improve physical, chemical and biological properties of the degraded soils and is also a source of readily available plant micronutrients and macronutrients.

Type Insights

The global fly ash market by type has been segmented into type C and type F. The type F fly ash segment, dominated the global fly ash market as it is commonly used in applications such as Portland cement & concrete and road & embankment construction. Type F fly ash contains less than 7% lime and is pozzolanic in nature. It needs cementing agents, such as Portland cement, quicklime, or hydrated lime mixed with water to react and yield cementations compounds to possess pozzolanic properties. On the other hand, adding a chemical activator such as sodium silicate to a Class F fly ash can form geopolymers. Hence, type F fly ash is driving the global fly ash market.

Application Insights

On the basis of application, the global fly ash market has been segmented into Portland cement & concrete, bricks & blocks, road & embankment construction, agriculture, and others. Under application segment, Portland cement & concrete is the leading segment in the global fly ash market. Fly ash used in Portland cement concrete (PCC) has numerous advantages and enhances concrete performance in both the fresh and hardened state. Fly ash use in concrete progresses the workability of plastic concrete and the strength and toughness of hardened concrete. Moreover, it is a cost-effective alternative which further propel the demand fly ash in the Portland cement & concrete application.

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