Research Nester recently published a report titled “Global Fly Ash Market: Outlook, Industry Analysis & Opportunity Evaluation – 2017-2025” that delivers detailed overview of the global market in terms of market segmentation by product, application, and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force analysis.
Fly ash is a highly economical and environment friendly combustion product, which has high-strength and advanced material properties that makes it popular in the construction sector. Fly ash is also being used for landfilling applications in various countries, which is expected to foster the market growth, during the forecast period.
The growing demand from the construction industry owing to the high prevalence of skyscrapers and commercial infrastructures across developing nations is one of the prime factors driving the growth of the fly ash market. Also, the precise execution of the well-defined housing schemes for the under-privileged by the government is driving the demand for fly ash in the construction industries, which results in the market growth. In 2017, the global market was valued at USD 7,025 million, which is predicted to grow at a significant CAGR of 7.02%, over the forecast period (2018-2025).
Considering the phase of global urbanization, there are a large number of opportunities for the industry players to meet the growing demand amongst various industries over the past few years. The frantic calls for elevation of consumers towards a decent standard of living has increased significantly over time, which is expected to propel the market demand for fly ash, over the next few decades.
The government regulations to utilize the coal combustion product in various countries around the globe is also driving the demand for fly ash. The market is ameliorated by countries of Asia Pacific, including India, China, Bangladesh, Cambodia, Vietnam, Malaysia, Indonesia, and Singapore. Regionally, the market in Asia Pacific generated the highest market share of 70.86% in 2017, and is expected to grow at a CAGR of 7.14% over the forecast period. Staggering development in the infrastructure along with the requisition of cost optimization of material used has brightened the prospects for the market growth in Asia Pacific. In addition, Europe is apprehended to stand as the second largest fly ash market worldwide. The perseverance of the market is distinguished on the back of elevation in the improvement of infrastructure across the countries in Europe.
However, the poor quality of fly ash and limitations associated with the same such as strength loss and inconsistent workability, is anticipated to hamper the market growth. Thus, the companies that are engaged in manufacturing fly ash have to take government regulations into consideration while manufacturing fly ash which may adversely impact the market growth, over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the fly ash market, which includes company profiling of Boral Limited, Cenin Ltd., LafargeHolcim Ltd, Headwaters Inc., Tosoh Corporation, Titan America LLC, Cemex, Separation Technologies, Charah Inc, and Ashtech India Pvt Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts detailed overview of the global fly ash market that will help industry consultants, existing players searching for expansion opportunities, new players searching possibilities, and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.