Fly Ash Market Witnessing Hugh Growth During Forecast Period 2020-2027‎

The 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.‎

Under application segment, the Portland cement & concrete is the leading segment. Fly ash, ‎commonly as pulverized fuel ash, is a byproduct of coal combustion, comprised of the particulates ‎driven out of coal-fired boilers combined with the flue gases. Fly ash used in Portland cement ‎concrete (PCC) has numerous advantages and enhances concrete performance in both the fresh and ‎hardened state. The use of fly ash in concrete progresses the workability of plastic concrete and the ‎strength and toughness of hardened concrete. However, the quality of fly ash must be carefully ‎examined when the material is used in PCC. Furthermore, road & embankment construction ‎segment is anticipated to grow at a faster pace, which is anticipated to boost the demand for fly ash ‎over the forecast period.‎

Fly ash is obtained from one of the biggest sources of air pollution and carbon dioxide emissions ‎on Earth. The main reason that fly ash is considered to be eco-friendly when used in construction is ‎that it is recycled material. Fly ash concrete has the ability to simultaneously curb global carbon ‎emissions while developing better and more durable infrastructure. Fly ash products do not require ‎the high-temperature processing of cement and have the same compressive strength as cement. ‎Furthermore, it requires only a small fraction of the sodium-based activation chemicals used to ‎harden the cement. The researchers are focusing on developing new and innovative products of fly ‎ash that can be used in a variety of applications. For instance, the researchers from Rice University ‎have developed a new composite binder that can completely replace cement and also reduce waste ‎from power plants. Fly ash is composed of airborne particles created as coal is burned in power ‎plants. This material is usually captured, and while some are recycled, most ends up in the ‎landfill.  In the developed and developing nations such as the United States, Germany, China, and ‎India, among others, the building and constructing industry is prospering on the back of rapid ‎urbanization. For the construction sector, cement is an important material, and the consumers are ‎looking for more environment-friendly versions of it in order to build robust skyscrapers and other ‎concrete structures. Therefore, fly ash has emerged as a premium substitute for Portland cement for ‎the building and construction industry.‎

The market for fly ash is concentrated with some very well-established players. Some of the key ‎players in the fly ash market include Ashtech India Pvt Ltd, Boral Limited, CEMEX, S.A.B. de C.V, ‎Hi-Tech FlyAsh (India) Private Limited, LafargeHolcim Ltd., Salt River Materials Group, Sephaku ‎Cement, Tarmac, The, SEFA Group, Titan America LLC, Charah Solutions, Inc., and FlyAshDirect.‎

Strategic Insights

Merger & acquisition were observed as the most adopted strategies in global fly ash market. Few of ‎the recent developments in the global fly ash market are listed below:‎

‎2019: Boral Resource acquired marketing rights for fly ash produced at two large coal-fueled ‎power plants in Mexico. The power plants are capable of producing more than 1 million tons ‎annually of concrete quality Class F fly ash that will be available for distribution through Boral’s ‎extensive western United States network.‎

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‎2018: Charah Solutions, Inc signed a partnership agreement with Oklahoma Construction Materials ‎and also completed the installation of new fly ash storage silos at Oklahoma Construction Materials ‎rail terminal near Oklahoma City. Oklahoma Construction Materials is a leading provider of ‎transload and aggregate supply services.‎

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‎2018: Charah Solutions, Inc. launched the proprietary fly ash thermal beneficiation technology that ‎improves the quality of fly ash. Charah Solutions’ new MP618 Multi-Process technology reduces ‎the loss on ignition (LOI), ammonia, activated carbon and moisture in fly ash.‎