Global Fly Ash Market to Reach US$ 21.7 Billion by 2032, Propelled by Exponential Expansion in Construction Industry

March 17, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “­Fly Ash Market Report by Type (Class F, Class C), Application (Construction, Agriculture, Mining, Water Treatment, and Others), and Region 2024-2032,” the global fly ash market size reached US$ 13.5 Billion in 2023. Fly ash, or fuel ash, refers to a very fine, dark-fleck powdery substance consisting of spherical and glassy particles with fewer microns that flies in residue from the coal combustion of pulverized coal. It is transported from the chambers along with flue gases and is captured by particle filtration equipment, such as scrubbers, electrostatic precipitators, or fabric filters. It is mainly composed of aluminous and siliceous oxides, such as aluminum oxide (Al2O3), silicon dioxide (SiO2), calcium oxide (CaO), and ferric oxide (Fe2O3). Previously, fly ash was produced as a by-product through burning coal-fired power plants and was considered very low in value, mostly used for landfilling purposes. However, at present, a huge amount of fly ash is generated from various coal-fired electric steam generating and thermal power plants that are useful as a pozzolanic additive in cement. Apart from this, fly ash contains aluminous and is eco-friendly as it does not emit greenhouse gas (GHG) emissions; thus, it is extensively used as a substitute for traditional material in concrete, which further helps engineer tiles, ceramics, and hollow blocks.

Global Fly Ash Market Trends:

The exponential growth of the construction industry across the globe represents one of the prime factors driving the market growth. Fly ash is frequently utilized as an additive in concrete and as an alternative to cement due to its improved strength, segregation, and durability, reduced permeability and workload, and ease of pumping. In line with this, the increasing number of infrastructural development and renovation projects, particularly roadways and highway construction, is acting as another growth-inducing factor. Additionally, the large-scale product utilization to manufacture numerous cement-based products, such as concrete blocks, cement bricks, and poured concrete, is contributing to the market growth. Furthermore, the escalating need for clean water across residential and industrial areas has prompted workers to deploy fly ash in wastewater treatment operations as they remove pollutants from the asset. This, in turn, is favoring the market growth. Moreover, the enforcement of stringent green government regulations has intensified the uptake of fly ash as its coal combustion is eco-friendly, which further reduces the burden of disposing of the by-products into landfills and ponds. Apart from this, rapid urbanization, recent mergers and acquisitions (M&A) amongst key players, and extensive research and development (R&D) activities to identify other suitable product deployments are creating a positive outlook for the market. Looking forward, the market value is expected to reach US$ 21.7 Billion by 2032, at a projected CAGR of 5.37% during 2024-2032.

Market Summary:

  • Based on the type, the market has been bifurcated into class F and class C.
  • On the basis of the application, the market is segregated into construction (bricks and blocks, road construction, and portland cement and concrete), agriculture, mining, water treatment, and others.
  • On a regional basis, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some of the key playerg being Aceton Industries LLP, Ashtech India Pvt. Ltd., Boral Limited, Cemex S.A.B. de C.V., Charah Solutions Inc., Holcim Group, National Minerals Corporation, Salt River Materials Group, Suyog Suppliers, The SEFA Group, Titan America LLC (Titan Cement International SA) and Waste Management Inc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aceton Industries LLP, Ashtech India Pvt. Ltd., Boral Limited, Cemex S.A.B. de C.V., Charah Solutions Inc., Holcim Group, National Minerals Corporation, Salt River Materials Group, Suyog Suppliers, The SEFA Group, Titan America LLC (Titan Cement International SA) and Waste Management Inc.
Customization Scope 10% Free Customization
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Global Fly Ash Market to Reach US$ 21.7 Billion by 2032, Propelled by Exponential Expansion in Construction Industry
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