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CHEMICALS AND ADVANCED MATERIALS

Rice Husk Ash Market Segmentation by Silica Content (Below 80%, 80-89%, and Above 90%); by Application (Construction, Steel Industry, Rubber, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Rice Husk Ash Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Global Rice Husk Ash Market Highlights over 2022 – 2030

The global rice husk ash market is estimated to grow at CAGR of ~5% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the high surface area, porous nature, and lightweight of rice husk ash or RHA, which makes it useful for construction, steel industry and other applications. The growing adoption of RHA as an additive for concrete in construction industry instead of fly ash, along with the increasing production of concrete, and other chemical-based additives is estimated to further boost the market growth. Globally, in the year 2020, over 3.9 billion metric tons of concrete was produced. The use of RHA can reduce the overall construction cost, which is also estimated to fuel its demand. In addition to this, the cost of rice husk ash is very low, and the raw material is also inexpensive, which is estimated to increase the demand for RHA amongst various end-users. The presence of high contents of silica is also estimated to boost the market growth as it can be used to produce high purity silica.  

Rice Husk Ash Market

The global rice husk ash market is segmented by silica content into below 80%, 80-89%, and above 90%, out of which, the above 90% segment is anticipated to hold the largest share in the market over the forecast period on account of increasing use of RHA with 90% silica as a filler, concrete additive, abrasive agent, oil adsorbent, as a suspension agent for porcelain enamels, and sweeping component amongst various end-user industries. On the basis of application, the market is segmented into construction, steel industry, rubber, and others, out of which, the construction segment is expected to witness significant growth over the forecast period, owing to the increasing construction activities on a global level, along with growing use of RHA as a replacement of concrete for making low-cost building blocks. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Refinery-Catalyst-Market

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Rice Husk Ash Market Regional Synopsis

On the basis of geographical analysis, the global rice husk ash market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is estimated to witness highest growth over the forecast period on the back of ample availability of raw material for RHA industry in this region, backed by the high paddy cultivation practices in India, China, Japan, and Sri Lanka. In 2019, the total production of rice in India crossed 2500 kg per hectare, while in China, 210 million metric tons of rice was produced in the same year.   

The market in the Latin America is also estimated to witness notable growth by the end of 2030, on the back of rising paddy cultivation along with increasing demand for low-cost construction.

Rice Husk Ash Market

The global rice husk ash market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global rice husk ash market includes the following segments:

By Silica Content

  • Below 80%
  • 80-89%
  • Above 90%

By Application

  • Construction
  • Steel Industry
  • Rubber
  • Others

Growth Drivers

  • Presence of Large Amounts of Silica
  • Low Cost of Raw Material and Production
  • Increasing Construction Activities Globally

Challenges

  • High Dependance on the Cultivation of Rice Paddy

Top Featured Companies Dominating the Market

  • Jasoriya Rice Mill
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Guru Corporation
  • Yihai Kerry
  • Usher Agro Ltd.
  • Rescon (India) Pvt. Ltd
  • KRBL Limited
  • VIET DELTA Corp
  • The Agrilectric Companies
  • Agrasen Rice Mill Pvt. Ltd.
  • Astrra Chemicals

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