The global fly ash market size was valued at USD 13.51 billion in 2023. The market is projected to grow from USD 14.31 billion in 2024 to USD 23.85 billion by 2032 at a CAGR of 6.6% during the forecast period. Asia Pacific dominated the fly ash market with a market share of 74.69% in 2023. The expansion is on account of increasing awareness regarding the usage of the product as an additive in cement.

Fortune Business Insights™ publishes this information in a report titled, "Fly Ash Market, 2024-2032".

Tariff Impact Analysis for Fly Ash Market: https://www.fortunebusinessinsights.com/enquiry/sample/fly-ash-market-101087

List of Key Players Profiled in the Report:

• Boral Ltd. (Australia)
• Cemex S.A.B. De C.V. (Mexico)
• Holcim Ltd. (Switzerland)
• Charah, LLC. (U.S.)
• Titan America LLC (U.S.)
• Cement Australia Pty Limited (Australia)
• Salt River Materials Group (U.S.)
• Southeastern Fly Ash Company (U.S.)
• Tarmac Holdings Limited (U.K.)
• Aggregate Industries (U.K.)

Segments:

Class F Segment to Dominate Global Market Owing to Advantage of Less Heat Generation

By type, the market is bifurcated into Class F and Class C. Class F ash is created from bituminous and anthracite coals. This class consists of silica and alumina and lower calcium content. The Class F segment is expected to lead the market due to its advantages such as increased compressive strength and less heat generation.

Fly, or flue ash is a fine substance that flies from coal combustion chambers and is captured by emission control equipment such as scrubbers, electrostatic precipitators, or fabric filters. A huge amount of ash is produced from various thermal power plants, and its disposal has become a crucial environmental challenge. Traditionally, flue ash was generated by burning coal-fired power plants, and the material was considered of very low value as it was only used for landfilling. In recent days, its utilization in cement has become an important discovery as it is used as a pozzolanic additive in cement. In the U.S., more than half of the concrete produced today uses coal ash in some quantity as a substitute for traditional material.

Cement & Concrete Segment Leads the Market Due to Increased Demand from Construction Sector

Based on application, the market is categorized into cement & concretes, fills & embankments, waste stabilization, mining, oil field service, road stabilization, and others. The cement & concrete segment is anticipated to dominate the global market share due to rising product demand in the construction industry.    

Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage:

The report provides insightful data regarding recent trends and advancements in the market. The impact of the COVID-19 pandemic on market expansion has been mentioned along with recent business development strategies adopted by the leading players. Also, drivers and restraints affecting the market growth during the forecast period are highlighted further in this report. Regional insights on segmented areas are given and a list of key market players is mentioned further.

Drivers & Restraints:

Rising Commercialization & Industrialization to Augment Market Growth

The market is expected to grow significantly during the forecast period due to the increasing utilization of fly ash in ceramics. Also, rising renovation and replacement activities are expected to drive market growth in the coming years. Furthermore, increasing product demand from the construction industry is anticipated to fuel the market growth. The rising industrialization and commercialization activities are projected to bolster market development and expansion.

However, poor ash quality and issues pertaining to unavailability may hamper the market growth during the forecast period.

Regional Insights:

Asia Pacific Dominates the Global Market Due to Emerging Construction Industry

Asia Pacific dominates the global fly ash market share due to increasing demand for the product from the cement industry. Also, leading companies in the region are expected to fuel the regional market growth.

Europe holds the second-highest global market share due to the rising demand for civil engineering and construction materials, which is anticipated to fuel the regional market growth. Furthermore, rapid infrastructure development in developed countries is expected to propel industry growth.     

Information Source: https://www.fortunebusinessinsights.com/industry-reports/fly-ash-market-101087

Competitive Landscape:

Leading Companies to Augment Growth by Forming Business Agreements

The leading players in the global market focus on forming business agreements with supporting companies to expand their business reach and improve their performance. The companies adopt recent technologies to launch new products to meet customer demands and ensure customer satisfaction. These factors ensure enhanced brand image to strengthen industry footing.

Key Industry Development:

• December 2021: Boral entered into an agreement with Eco Material Technologies Inc. to sell its North American fly ash business for USD 755.0 million. The transaction will complete Boral’s portfolio realignment and strategic refocus on its construction materials business in Australia.