Report Overview
The market for fly ash was valued at USD 3.7 billion in 2021, and during the forecast period, it is anticipated to grow at a rate of 5.5%. A rise in the adoption of environmentally friendly products, an increase in infrastructure development activities around the world, including the construction of airports, bridges, dams, and metro stations, and quick technological advancements in the construction sector are the main factors influencing market revenue growth. It is anticipated that rising public and private investments in infrastructure, healthcare, housing, commercial, and educational projects in developing nations will boost demand for the products.
Pulverized coal is burned in power plants to produce fly ash, a fine powder byproduct. It is a siliceous and aluminous pozzolan that, when exposed to water, can solidify into cement. Given that it creates a better compound when combined uniformly with lime and water, the product can serve as a great alternative to Portland cement. As a result, it can be used as a key ingredient in a variety of building materials, such as bricks and blocks, blended cement, and mosaic tiles, among others. By adding this byproduct to concrete mixtures, you can increase strength and segregation, which makes it possible to pump the mixture under the best possible circumstances. The product also has the desired qualities at a lower cost and is a relatively inexpensive, environmentally friendly filler.
Additionally, the adoption of green construction technology is rising as a result of rising public awareness of environmental issues. The damaging effects of construction on the environment are being mitigated through ongoing research and development in sustainable building products. Governments around the world have been using a variety of measures and policies to hasten the expansion of the building sector. For instance, National Thermal Power Corporation (NTPC) Limited is anticipated to have a positive effect on the global market with its development of geopolymer and nano aggregates with residual fly ash for the construction of roads and homes.
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Growing usage as a Portland cement addition in the building and construction sector is a key market driver.
Portland cement concrete performs better in both its fresh and hardened states when fly ash is included as an additional cementitious element. For already-hardened concrete, it aids in improving characteristics through hydraulic and pozzolanic activity, whereas for recently-poured concrete, it aids in reducing water consumption and improving workability and paste flow. It also serves as a cost-effective auxiliary material, lowering the requirement for Portland cement in the concrete. It is accessible in sufficient quantities to be used in a variety of applications, such as concrete mixture, bricks, and others.
strict environmental regulations as a form of restraint
One of the main barriers to market revenue growth is the strict government laws governing landfills and air quality. Due to its organic contaminants and hazardous metal content, including selenium, aluminium, arsenic, lead, vanadium, mercury, uranium, and thorium, fly ash discharged from thermal power plants based on coal or lignite may have a severe impact on the land and soils. Due to the increased environmental concerns caused by this, strict environmental protection rules have been put in place. This is predicted to have a negative effect on businesses that are involved in the production and selling of these items. For example, the Ministry of Environment, Forest, and Climate Change of the Indian government has put into place many regulations for thermal power plants that also address the disposal of fly ash. The recommended distance between fly ash disposal sites and water bodies is 500 metres in order to avoid embankment failures and fly ash spilling into the nearby water body. Additionally, market revenue growth is anticipated to suffer as a result of feedstock price fluctuation.
Relevant Lessons
Outlook design:
The market for fly ash has been divided into class F and class C based on kind. Because Portland cement is using the product more frequently to create exceptional strength mixes and mass concrete, the Class F category is anticipated to see a significantly faster revenue CAGR over the projection period. Additionally, the product’s advantages—such as high compressive strength, improved resistance to ASR (Alkali silica reaction), decreased permeability and water demand, and less heat generation during hydration—are anticipated to boost adoption and, in turn, propel revenue growth in this market.
Outlook for Applications
The Portland cement & concrete, bricks & blocks, road construction, agricultural, and other segments make up the worldwide fly ash market. The category for bricks and blocks is anticipated to have the quickest revenue CAGR throughout the projection period. Bricks and blocks made with fly ash have a significant increase in compressive strength. High-quality fly ash bricks are a superb alternative to typical clay bricks and are frequently utilised for the construction of brick masonry projects. Fly ash provides superior texture and gloss, sharp corners, and better mould to blocks. Because they can reduce carbon dioxide emissions by 90%, using these bricks and blocks can help protect the environment and conserve natural resources. They are becoming more and more in demand as a carbon dioxide-efficient material, therefore demand for them is probably going to rise during the projected period.
Geographical Outlook: According to regional research, Asia-Pacific is anticipated to see a materially quicker rate of revenue growth over the projection period as a result of rising fly ash usage in the infrastructure sector and expanding infrastructure development activities in the area. China, India, Malaysia, South Korea, and Australia are the major fly ash users in this area. The region’s governments have prioritised energy saving and the avoidance of fly ash disposal in ponds and landfills. The National Infrastructure Pipeline (NIP) projects, for example, are part of the USD 1.4 trillion investment budget for infrastructure development made by the Indian government. Roads and highways (9%), urban infrastructure (6%), railways (6%), and renewable energy (24%) make up these projects (13 percent).
In terms of revenue share, Europe was third in the world market in 2021. Rising spending on residential, non-residential, and civil engineering projects in many European Union (EU) nations, including France, Germany, and the United Kingdom, among others, is anticipated to fuel this regional market’s revenue growth. The renovation of residential structures in conformity with sustainable regulations has been a focus of the British government. For instance, the Energy Company Obligation (ECO), a government programme for energy efficiency, attempts to lower carbon emissions. Additionally, it is anticipated that the region’s expanding residential and commercial sectors will benefit the industry in Europe.
Global markets are highly fragmented, and major corporations are investing more money in R&D projects. A few significant businesses that are active in the industry 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.
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By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
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