Fly Ash Market worth 5.97 Billion USD by 2021
Added: (Mon Apr 10 2017)
Pressbox (Press Release) - The fly ash market was valued at USD 4.54 Billion in 2016 and is projected to reach USD 5.97 Billion by 2021, at a CAGR of 5.7% between 2016 and 2021. This growth can be attributed to the growth in the construction industry, promotion of fly ash by governments of various countries, and increasing focus on the use of environment-friendly products.
The fly ash market has been growing owing to the growth in the construction industry, increasing focus on infrastructure and road paving, problems related to dumping fly ash, promotion of fly ash by governments of various countries, and increasing focus on the use of environment-friendly products. Leading players such as Boral Limited (Australia), Headwaters Inc. (U.S.), CEMEX S.A.B. de C.V. (Mexico), Lafarge North America Inc. (U.S.), Charah Inc. (U.S.), Separation Technologies LLC (U.S.), Aggregate Industries (U.K.), FlyAshDirect (U.S.), Salt River Materials Group (U.S.), and Ashtech (India) Pvt. Ltd. (India) are focusing on entering new markets, which is expected to drive the fly ash market in the future.
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Based on type, the Class F segment accounted for the largest share of the fly ash market in 2015
Based on type, the Class F segment accounts for the largest share of the fly ash market is expected to witness significant growth in the coming years. It is generally low-calcium fly ash with carbon content varying from 5% to 10%. The use of Class F fly ash is mostly in Portland cement where it is used in mass concrete and high strength mixes. It is also suitable for concreting in summer as it moderates heat gain during concrete curing. The growth in the consumption of cement and cementitious materials from the construction sectors in Asia-Pacific and North America regions has driven the demand for Class F fly ash.
Based on application, the Portland cement & concrete segment accounted for the largest share of the fly ash market in 2015
Fly ash is added to concrete to make it more durable and strong. Fly ash has low unit weight. On pound for pound basis, fly ash contributes 30% more volume of cementitious material per pound as compared to cement. Hence, it is a suitable material to partially replace cement in construction activities. There is an increase in the construction expenditure in the Asia-Pacific region due to the rising demand for residential and non-residential buildings, which in turn will increase the demand of fly ash in the Portland cement & concrete application segment.
Asia-Pacific region dominated the fly ash market in 2015
Asia-Pacific dominated the fly ash market in 2015 owing to the increasing demand for fly ash from developing economies, such as India and China. China is the leading consumer of fly ash in the Asia-Pacific region, followed by India. Industrialization has fueled urbanization in China and India through the migration of rural populations to urban areas and the development of towns into cities. As a result of the steady economic growth, construction activities have increased, thus leading to an increased demand for fly ash.
The fly ash market is projected to reach USD 5.97 Billion by 2021, at a CAGR of 5.7% between 2016 and 2021. The years considered for the study are:
Base Year – 2015
Estimated Year – 2016
Projected Year – 2021
Forecast Period – 2016 to 2021
For the companies profiled in the report, 2015 has been considered as the base year. Wherein information is unavailable for the base year, the years prior to it have been considered.
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