Fly Ash Market By Product (Class F & Class C); By Application (Portland Cement, Road Construction, Fire Bricks, Agriculture, Decorative, & Others) – Global Industry Analysis & Opportunity Evaluation 2017-2025

Market Trends

• The companies are entering into mergers and acquisitions in order to expand their presence in the fly ash market. They are acquiring the cement companies and technological construction-based solution providers for increasing their market share and expanding global footprints. For example, LafargeHolcim, which is a leading global company, deals with building materials solutions and it acquired Tarrant Concrete, a leading company of ready-mix concrete, based in Texas. This acquisition enables LafargeHolcim to capture various growth opportunities and to strengthen existing operations in the US.
• The companies are actively engaged in designing innovative products to protect environment. For instance, Lafarge - a construction company headquartered in France, signed an agreement with Solidia Technologies, an US-based start-up firm, to industrialize the innovative technologies that could reduce the environmental footprint of pre-cast concrete. The technology allows lower carbon –dioxide emissions in the cement production process.

Introductory Overview

Fly ash, also referred as pulverized fuel ash, is a combustion product of coal. It contains aluminous and siliceous material that forms cement in the presence of water.

Market Size and Forecast

The rapid growth in the number of construction activities around the world, is enhancing the market demand during the forecast period. The construction sector across the globe has been witnessing a rapid growth, predominantly in the Asian countries such as India and China.  In India, the market size of construction industry is approximately USD 38 million, which is increasing each year. Consequently, the demand for fly ash witnessed an increase, over the past few years. In addition, the global construction industry is witnessing an upsurge on the back of rising prevalence of skyscrapers and commercial facilities across various developing regions. For instance, the global construction sector is anticipated to grow by 85%, in terms of volume, by 2030. The countries such as the US, China, and India, are expected to significantly contribute to this growth. Moreover, factors such as durability, low prices, and scarcity of natural resources are augmenting the demand of fly ash in the construction sector.

Furthermore, emerging innovations in terms of applications of fly ash in various fields coupled with R&D activities are also expected to foster the market growth.

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Region-Wise Growth Highlights – 2017-2025

The global fly ash market is segmented into 5 major regions comprising North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, the market in Asia Pacific held the largest market share of 70.86% in 2017. Rising infrastructure development in the region honed by a wide number of domestic rural and urban road-development mega projects in the region. The overhauling of the economy primarily depends on the infrastructure to provide secondary support to the industries. Also, elevation in the demand of fly ash amongst the industry is greatly propagated to subside the cost of construction.

Concurrently, the market in Europe held second largest market share, across the globe. The perseverance of the market is distinguished due to the elevation in the improvement of infrastructure across the countries in Europe. The higher rate of utilization of fly ash in cement and agriculture would further boost the market growth, over the forecast period.  

The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC, Hungary, Turkey, Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa).

Market Segmentation Synopsis

By Product

The global fly ash market is bifurcated by product into class F and class C. The Class F segment held a major share of 59.58% in 2017 and is estimated to grow at a CAGR of 7.29% during the forecast period.

By Application

In terms of application, the global market is segmented on the lines of Portland cement, road construction, fire bricks, agriculture, decorative, and others, out of which the Portland cement segment held the largest market size in 2017.

Growth Drivers

The growth of the fly ash market is significantly driven by the high-end properties of fly ash. The high strength and advanced material properties of the fly ash along with its attributes such as economical and environment friendly in nature, are some of the major factors that result in the rising popularity of fly ash in the construction industry. It is also used for landfilling applications in various countries on the back of large-scale availability. Additionally, the high degree of thermal resistance of fly ash helps the buildings to resist from cracks. Moreover, the shrinkage of fly ash is very less, which allows the construction players to prefer it instead of cement. Moreover, fly ash is used in concrete to enhance the strength of skyscrapers and to protect it from cracking. Such rising applications is anticipated to propel the global demand for fly ash.

Furthermore, surge in global urbanization is paving new opportunities for fly ash industry players to meet the enhancing demand amongst various industries.

Restraints

One of the major restraining factors for the growth of the fly ash market is poor quality fly ash and certain government regulations pertaining to the use and manufacturing of fly ash. In addition, non-suitability of fly ash in cold weather conditions is also expected to hamper the market growth over the forecast period.

Top Featured Companies Dominating the Market

Boral Limited, Ashtech India Pvt Ltd., Cenin Ltd., LafargeHolcim Ltd., Headwaters Inc., Tosoh Corporation, Titan America LLC, Cemex, Separation Technologies, and Charah Inc are some of the leading players in the global fly ash market.

Boral Limited is an Australia-based company, which is engaged in the provision of building and construction materials. The company’s products include ash, blocks, cement, concrete and timber flooring.  The company also improvised its operations to meet the rapidly increasing demand in the construction industry.

Additionally, the market players are increasingly adopting innovative ways to establish themselves in the fragmented and competitive market. Concurrently, new players in the market are also adopting the advanced strategies in order to increase their product portfolio and gain a global prevalence in the market.