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Fly Ash Market Opportunities & Global Analysis -2028
Fly ash is produced as a residue in combustion and contains fine particles such as silicon dioxide, aluminum oxide, ferric oxide and sometimes calcium oxide. It is a fine gray powder that has pozzolanic properties and it can react with lime to form cement compounds. They are used in a wide range of applications such as cement and concrete mixing, mines and dams, landfills, geopolymer concrete among others. It improves the performance of the concrete upon mixing and also acts a catalyst for converting polyethylene during pyrolysis.
Asia Pacific countries, such as the US, China, India, have the largest construction in the world. The high rate of construction activities creates an enormous demand for various construction materials. Fly ash is utilized in multiple construction-specific applications, such as cement, concrete, bricks, and blocks. There is increasing use of fly ash for a variety of applications in the construction industry. The rise in residential and commercial construction activities and increasing infrastructural development encourage fly ash market utilization. In North America, the construction industry ...
... is one of the main contributors to the region's economy. The increasing population and rapidly growing commercial sector is driving the North America construction sector. This, in turn, is creating demand for fly ash.
Construction activities have also increased in Asia Pacific. The region's rising population is putting a strain on current infrastructure, necessitating the development of new rail networks, residential structures, and roadways. The governments and regulatory bodies in this region are actively focusing on additional infrastructure investments. For instance, China recently announced the ‘New Infrastructure’ program in an effort to mitigate the economic impact of the COVID-19 pandemic while also promoting long-term developments. All these factors are driving the demand for fly ash.
Some of the key market players in the global fly ash market include Boral; CEMEX S.A.B. DE C.V.; HOLCIM; Waste Management, Inc.; Charah Solutions, Inc.; Salt River Materials Group; Cement Australia Pty Limited; Ashtech India Pvt. Ltd.; Titan America, LLC.; Aceton Industries, LLP; among others. The market players are highly focused on providing high-quality fly ash products for various applications.
Impact of COVID-19 Pandemic on Fly Ash Market
The COVID-19 ongoing pandemic has drastically altered the chemicals & materials sector's status and limited the fly ash market growth. The implementation of measures to combat the spread of the virus has aggravated the situation and impacted the growth of several industrial sectors. Many of the thermal power plants were not operational or operating at a lower capacity. This has negatively impacted fly ash production. Reduced economic activity has resulted in less demand for new commercial or industrial facilities. The loss of income and lack of consumer confidence have lowered the demand for housing construction. Also, the construction sites exhibited suboptimal performance due to disrupted supply chains and operational restrictions. However, as the economies are
planning to revive their operations, the demand for fly ash is expected to rise globally. Moreover, the previously postponed construction projects are ready to resume, which is further providing opportunities for the fly ash market players to regain normalcy.
The report segments the fly ash market as follows:
Based on type, the fly ash market is segmented into type F and type C. Based on application, the market is segmented into cement and concrete, block and brick, mining, road stabilization, fills and embankments, waste stabilization, and others. Based on geography, the fly ash market is primarily segmented into North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), Oceania, and South & Central America (SAM)
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