Global Fly Ash market is majorly propelled by increasing construction activities and growing urbanization in developing countries according to our research report “Global Fly Ash Market Outlook 2023”.
Regionally, the fly ash market is segmented into North America, Europe, Asia-Pacific and Rest of World (ROW). Among these, Asia Pacific is anticipated to witness a significant growth and occupy the largest share of the fly ash market by 2023.
Global fly ash market is anticipated to reach USD 70 billion by 2023; this can be attributed towards increasing construction activities all across the globe. Global fly ash market was valued at USD 40 billion in 2015; the market is anticipated to expand with a CAGR of 7.1% over the forecast period.
Asia- Pacific region accounted the largest market share of global fly ash market in 2015. This can be credited towards wide availability of product in this region. Due to increasing construction activities and growing urbanization, Asia Pacific region is anticipated to show a strong growth over the forecast period.
Increasing Construction Activities: Thrust
The growth of fly ash market is mainly driven by the construction sector; extensive use of fly ash in construction industry along with increasing construction activities across the globe has led to strong demand of fly ash in the market.
Growing Urbanization in Developing Countries: Momentum
Global urban population comprises 55% of the global population in 2015. Growing urbanization has led to strong demand of infrastructure in urban sector this will further boost the demand of fly ash in construction sector therefore propelling the over-all growth of the market.
The report titled “Global Fly Ash Market Outlook 2023” delivers detailed overview of fly ash market in terms of market segmentation by product, by application and by region.
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 model.
This report also provides the existing competitive scenario of some of the key players of the fly ash industry which includes company profiling of Ash Improvement Technology., Barracuda Networks, Inc., Boral Limited, Ecocem Materials Ltd, Kaspersky Lab. etc. 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 on the global fly ash market that will help industry consultants, equipment manufacturers, 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.
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