The fly ash market is estimated to grow from USD 3.4 billion in 2018 to USD 4.5 billion by 2023, at a CAGR of 6.0%. 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.
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Concrete made from fly ash is slightly lower in strength than normal cement concrete of up to 30 days, around equal in strength in 30-40 days, and higher in strength than normal cement in around a year’s time. Fly ash concrete has lesser permeability and efflorescence than normal concrete. Construction expenditure in the Asia Pacific region has been increasing due to the rising demand for residential and non-residential buildings. The governments of countries such as China, India, Malaysia, and Indonesia are investing in infrastructure development, including the construction of new highways and freeways, thus driving the growth of the Portland cement & concrete segment.
The Asia Pacific market for fly ash majorly includes China, India, Japan, Australia, and Indonesia. Various measures have been undertaken by governments of these countries for the conservation of energy and prevention of dumping fly ash into landfills and ponds, resulting in the increasing utilization of fly ash and thus driving the market in this region. The North American fly ash market is driven by growth in the region’s construction sector in recent years and high utilization rate of fly ash. Europe is the world’s third-largest fly ash market.
The type F segment of the fly ash market is expected to grow at the highest CAGR during the forecast period.
The fly ash market has been segmented on the basis of providers into 2 categories: Class F and Class C. Among these types, type F is expected to be the fastest-growing segment in the fly ash market. The main application of Class F type fly ash is 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 class F type segment is expected to grow at the highest CAGR due to the extensive use of fly ash in countries such as China, India, Japan, the US, and Germany. This is the result of the increasing focus of governments of these countries to increase consumption of fly ash for environmental reasons.
Major vendors in the fly ash market include Boral Limited (Australia), CEMEX S.A.B. de C.V. (Mexico), Lafarge North America Inc. (US), Charah Inc. (US), Separation Technologies LLC (US), Aggregate Industries (UK), FlyAshDirect (US), Salt River Materials Group (US), and Ashtech (India) Pvt. Ltd. (India).
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