Fly Ash Market: Current Analysis and Forecast (2022-2028)

The global fly ash market is likely to showcase a growth of around 6% during the forecast period. Over the year, the utilization rate of fly ash has showcased a considerable increase due to the increasing production base of end-use industries. Fly ash commonly finds application in cement/concrete production, road embankment, low-lying area filling, ash bund raising, mine fill, brick manufacturing, and agriculture to name a few. Since a large portion of fly ash is used in construction activities, therefore growth in the construction sector owing to the increasing focus of governments across the globe on improving and upgrading the infrastructure sector is driving the market for fly ash. For instance, according to International Energy Agency, in 2020, about 4.3 billion tons of cement were produced a modest increase from 4.2 billion tons in 2019 and 4.0 billion tons in 2018, despite being a pandemic year. However, still, the utilization rate of fly ash is too low thereby requiring large areas for disposal as well as remains a source of environmental pollution.

Insights Presented in the Report:

"Amongst sources, power plant held a prominent share in the market in 2020"

Based on source, the market is categorized into the power plant and landfill/pond. Among both, the power plant captured a significant portion of the pie and is expected to maintain its position during the forecast period despite decreasing dependency on thermal energy sources. This can be attributed to a large number of coal-fired power plants across the globe which generate millions of tons of fly ash each year. 

"Amongst applications, Portland cement & concrete accounted for a significant share in 2020"

Based on application, the market is categorized into Portland cement & concrete, bricks & blocks, road construction, agriculture, and others. Among these, Portland cement & concrete captured a significant portion of the pie and is expected to retain the position during the forecast period owing to the huge production of cement & concrete that is further going to increase with the growth in the construction industry.

"Asia-Pacific is expected to retain its position during the forecast period"

For a better understanding of the market adoption of fly ash, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. Asia-Pacific accounted for a significant share of the market and is expected to showcase significant growth over the forecast period. This can be ascribed to the large production base of the cement industry in the regional economies mainly in countries like China and India. Further, the rapid infrastructure development in order to meet the growing demand of the population is further increasing the demand for cement & concrete and bricks & blocks. Thereby, increasing the consumption of fly ash.

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Deep dive country-level analysis of the industry

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