Fly Ash Market worth USD 45.73 billion by 2028 – Exclusive Research by The Insight Partners

The fly ash market was valued at US$ 32.83 billion in 2021 and is projected to reach US$ 45.73 billion by 2028; it is expected to grow at a CAGR of 4.8% from 2021 to 2028. Fly ash is produced as a residue in combustion and contains fine particles such as silicon dioxide, aluminum oxide, ferric oxide, and calcium oxide (sometimes). It is a fine gray powder that has pozzolanic properties, and it can react with lime to form cement compounds that are used in a wide range of applications such as cement and concrete mixing, mines and dams, landfills, and geopolymer concrete. Fly ash improves the performance of the concrete upon mixing and also acts a catalyst for converting polyethylene during pyrolysis.

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Companies Profiled in this report includes:

• Boral
• CEMEX S.A.B. DE C.V.
• HOLCIM
• Waste Management, Inc.
• Charah Solutions, Inc.
• Salt River Materials Group
• Cement Australia Pty Limited
• Ashtech India Pvt. Ltd.
• Titan America, LLC.
• Aceton Industries, LLP

Asia Pacific countries, such as China and India, have the largest construction industries in the world. The high rate of construction activities creates an enormous demand for various construction materials. Fly ash is utilized in multiple construction-specific applications, such as cement, concrete, bricks, and blocks. The rise in residential and commercial construction activities and surging infrastructural developments propel fly ash demands. In North America, the construction industry is one of the main contributors to the average economy of the region. The increasing population and rapidly growing commercial sector across the region is driving the North America construction sector, which, in turn, is creating demand for fly ash.

Global Fly Ash Market

Type

• Type F
• Type C

Application

• Cement and Concrete
• Block and Brick
• Mining
• Road Stabilization
• Fills and Embankments
• Waste Stabilization

Impact of COVID-19 Pandemic on Fly Ash Market

The COVID-19 ongoing pandemic has drastically altered the chemicals & materials sector’s status and limited the fly ash market growth. The implementation of measures to combat the spread of the virus has aggravated the situation and impacted the growth of several industrial sectors. Many of the thermal power plants were not operational or operating at a lower capacity. This has negatively impacted fly ash production. Reduced economic activity has resulted in less demand for new commercial or industrial facilities. The loss of income and lack of consumer confidence have lowered the demand for housing construction.

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