Fly Ash Market Research Report - Forecast to 2028

Fly Ash Market Information By Type Outlook (Class F and Class C), By Application Outlook (Bricks & Blocks, Portland Cement & Concrete, Road Construction, Agriculture, and Others), and By Region (North America, Europe, Asia-Pacific, and the Rest of the World)—Forecast till 2030

ID: MRFR/CnM/5257-HCR | February 2023 | Region: Global | 185 Pages         

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Fly Ash Market

As per Market Research Future (MRFR)’s new study, Fly Ash Market is projected to be worth USD 15.87 billion by 2028, registering a CAGR of 6.65% during the forecast period (2021 - 2028), The market was valued at USD 9.44 billion in 2020.

Segmentation
By Type Class F Class C
Application Portland Cement & Concrete Bricks & Blocks Road Construction Agriculture Others
Key Players
Companies Profiled   Lafarge North America Inc. (US)   Ashtech Pvt. Ltd. (India)   FlyAshDirect (US)   Salt River Materials Group (US)   Separation Technologies LLC (US)   Aggregate Industries (UK)
Drivers
Market Driving Forces   The strong value maintained by the construction industry is poised to drive the growth
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Global Fly Ash Market Research (MRFR Insights)


The fly ash market is projected to register a CAGR of 6.65% from 2022 to 2030. Fly ash is a fine particle byproduct of burning pulverized coal that coal-based power plants typically produce. The fly ash market size is expected to reach approximately USD 15.87 billion by 2030. The need for electrical energy is currently at an all-time high due to the exponential growth in the population. Coal-based power plants are primarily responsible for satisfying this demand, particularly in emerging nations. Due to the increased demand for coal-based plants, the fly ash generation from these units has significantly increased.


COVID-19 Impact Analysis


The construction industry is majorly labor-based; thus, the COVID-19 pandemic has impacted heavily on the market. The pandemic has severely impacted cement production and operations in many countries. For instance, China produced 769 million tons of cement from January to May 2020, which decreased by 8.2% annually. The operations of mining businesses were also seriously impacted. The businesses had to halt operations because of transportation limitations. The decline in crude oil demand on a  scale also impacted the market. Citizens' freedom of movement was curtailed, which decreased the demand for fuel and caused the price of crude oil to decline. It led to a fall in the consumption of oil & gas applications.


Fly Ash Market Dynamics


Fly ash provides nutrients to the soil and can restore the biological capabilities of deteriorated soil. With increased urbanization and industrialization over the past few years, population growth has decreased farmland area, making it imperative to boost crop productivity. It encourages the usage of fly ash in the majority of agricultural nations. The growing population is anticipated to impact infrastructure and residential construction requirements substantially. It is also anticipated that rising building investment in developing and least developed nations will support the market during the projected period.


Market Drivers:



  • Increasing adoption as an additive for Portland cement in the building & construction industry


Using fly ash as an additional cementitious component in Portland cement concrete has many advantages. It enhances the concrete's performance in fresh and hardened states. Hardened concrete aids in improving characteristics through pozzolanic and hydraulic activity, but freshly laid concrete aids in reducing water consumption and improving the paste's workability and flow. Additionally, it serves as an economical supplemental element and lowers the requirement for Portland cement in the concrete. It can be found in sufficient quantities for various applications, such as bricks and concrete mixtures.


Market Restraints:



  • Stringent environmental regulations


One of the main obstacles to the market's revenue growth is the government's strict laws on landfills and air quality. Fly ash from thermal power stations using coal or lignite, which contains harmful metals including selenium, aluminum, arsenic, lead, vanadium, mercury, uranium, and thorium, among others, may harm the ground and topsoil if it is dumped. It has sparked environmental concerns, leading to the implementation of strict environmental protection legislation, which is anticipated to harm businesses involved in producing and selling these products. To avoid embankment failures and fly ash spilling into the nearby water body, the standards state that fly ash disposal should not be done within 500 meters of water bodies.


Market Opportunities:



  • Increase in the application of environment-friendly products


When cement is made, much carbon dioxide is released into the atmosphere. Carbon dioxide is released into the atmosphere in units of one tonne. Cement production accounts for 7% of the world's carbon dioxide emissions. Since there is a lot of this ash, using it in cement can cut carbon emissions by 25% to 30%. The goal of producing more ecologically friendly concrete by using less cement and partially replacing some cement in concrete with a by-product of other materials is expected to drive the market potential for fly ash bricks.


Fly Ash Market Segmentation


Type Insight


The fly ash market segmentation, based on type, is class F and class C. The fly ash market growth was prominently high under the class F category in 2021 due to the increasing adoption of the Portland cement product for excellent strength mixes and mass concrete. Furthermore, benefits associated with the product, including high compressive strength, increased resistance to ASR (Alkali silica reaction), decreased permeability and water demand, and less heat generation during hydration, are expected to increase its adoption and, thus, drive revenue growth of this segment.


Application Insight


The fly ash market segmentation, based on application, is bricks & blocks, Portland cement & concrete, road construction, agriculture, and others. In 2021, the bricks & blocks segment accounted for the largest market share of the  market. Fly ash gives bricks and blocks a significant amount of compressive strength. High-quality fly ash bricks are frequently used to build brick masonry structures and make an excellent alternative to regular clay bricks. Fly ash provides blocks with a superior mold, sharper corners, and superb gloss and texture. By reducing carbon dioxide emissions by 90%, these bricks and blocks can help preserve natural resources and enhance environmental preservation. They are becoming increasingly in demand as carbon dioxide-efficient materials, and this demand is expected to rise over the projected period.


Global Fly Ash Market Share, by Region, 2021 (%) Fly Ash Market Share, by Region, 2021Fly Ash Market Overview, by Region


By region, the fly ash market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific accounted for the most extensive market share. North America will exhibit the highest CAGR during the forecast period.


Asia-Pacific


Asia-Pacific dominated the market share in 2021. China holds the major share of the regional market, backed by higher demand from the cement market. India and China ly are the leading manufacturers of cement and cement products. The region is experiencing high demand for cement due to the rapid expansion of the building & construction industry. Additionally, both countries are major exporters of cement ly. Key factors such as changing demographics, increasing disposable income in emerging & highly populated countries, and urbanization activities are fueling the market growth.


North America


North America accounted for the fastest growth rate in the market in 2021. Construction is one of the major sectors in the US economy, and according to the United States Census Bureau, overall expenditure of this industry was estimated at an adjusted annual rate of USD 1704.4 billion (0.5%) above in February 2022 over January 2022. The construction industry in Canada and the United States is shifting towards prefabricated building compounds. The region's key cement and concrete manufacturers are adopting automation and digitalization for prefabricated construction.


Fly Ash Market Competitive Landscape


The market's competitive landscape depicts a consolidated market with the top 10 companies accounting for about 50% of the market revenue. Key players in the market have invested a considerable amount of resources in the research & development of several ash products. A product portfolio supported by superior operational efficiency and safe & novel technology development for composites application is the strategy used by the market leaders for their growth. For instance, in February, 2022, Charah Solutions, Inc. declared that it had been given a sales and marketing contract for fly ash from a western utility for the company's plant's sustainable recycling.


Prominent players in the fly ash market research include Holcim Group, Boral Limited, CEMEX S.A.B. de C.V., Charah Solutions, Inc., Titan Cement Group, Salt River Materials Group, Waste Management, Inc., The SEFA Group, Ashtech India Pvt. Ltd., and Cement Australia, among others.


Scope of the Fly Ash Market Report


Type Outlook



  • Class F

  • Class C


Application Outlook



  • Bricks & Blocks

  • Portland Cement & Concrete

  • Road Construction

  • Agriculture

  • Others


Region Outlook




  • North America

    • US

    • Canada

    • Mexico




  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe




  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia and New Zealand

    • Rest of Asia-Pacific




  • Rest of the World

    • South America

    • Middle East

    • Africa




Objectives of the Study


The objectives of the study are summarized in 5 stages. They are as mentioned below:


Fly Ash Market Forecast & Size:


To identify and estimate the market size for the fly ash market report segmented by type and application by value (in US dollars). Also, to understand the consumption/ demand created by consumers of  fly ash market forecast between 2022 and 2030


Market Landscape and Trends:


To identify the fly ash market growth and infer the drivers, restraints, opportunities, and challenges.


Market Influencing Factors:


To find out the factors which are affecting the  fly ash market size


Impact of COVID-19:


To identify and understand the various factors involved in the market affected by the pandemic


Company Profiling:


To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company in the past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.


Intended Audience



  • Fly ash producers

  • Raw material suppliers

  • Retailers, wholesalers, and distributors

  • Governments, associations, and industrial bodies

  • Fly ash companies



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 15.87 billion
  CAGR   6.65% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type Outlook and Application Outlook
  Geographies Covered   North America, Europe, Asia-Pacific, and the Rest of the World (RoW)
  Key Vendors   Holcim Group, Boral Limited, CEMEX S.A.B. de C.V., Charah Solutions, Inc., Titan Cement Group, Salt River Materials Group, Waste Management, Inc., The SEFA Group, Ashtech India Pvt. Ltd., and Cement Australia
  Key Market Opportunities   Increase in the application of environment-friendly products
  Key Market Drivers   Increasing adoption as an additive for Portland cement in the building & construction industry


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Frequently Asked Questions (FAQ) :

The fly ash market forecast period is 2022 - 2030

The market is expected to register a CAGR of ~6.650% over the next 10 years, according to  fly ash market research.

North America is expected to register the highest CAGR during 2022 - 2030

Asia-Pacific held the largest share in 2021

The market size is expected to be USD 15.87 billion by 2030.

Holcim Group, Boral Limited, CEMEX S.A.B. de C.V., Charah Solutions, Inc., Titan Cement Group, Salt River Materials Group, Waste Management, Inc., The SEFA Group, Ashtech India Pvt. Ltd., and Cement Australia are the major companies operating in the market.