Fly Ash Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Source (Power Plant and Landfill/Pond); Type (Class F and Class C); Application (Portland Cement & Concrete, Bricks & Blocks, Road Construction, Agriculture, and Others); and Region and Country
The global fly ash market is likely to showcase a growth of around 6% during the forecast period. Over the year, the utilization rate of fly ash has showcased a considerable increase due to the increasing production base of end-use industries. Fly ash commonly finds application in cement/concrete production, road embankment, low-lying area filling, ash bund raising, mine fill, brick manufacturing, and agriculture to name a few. Since a large portion of fly ash is used in construction activities, therefore growth in the construction sector owing to the increasing focus of governments across the globe on improving and upgrading the infrastructure sector is driving the market for fly ash. For instance, according to International Energy Agency, in 2020, about 4.3 billion tons of cement were produced a modest increase from 4.2 billion tons in 2019 and 4.0 billion tons in 2018, despite being a pandemic year. However, still, the utilization rate of fly ash is too low thereby requiring large areas for disposal as well as remains a source of environmental pollution.
Insights Presented in the Report
“Amongst sources, power plant held a prominent share in the market in 2020”
Based on source, the market is categorized into the power plant and landfill/pond. Among both, the power plant captured a significant portion of the pie and is expected to maintain its position during the forecast period despite decreasing dependency on thermal energy sources. This can be attributed to a large number of coal-fired power plants across the globe which generate millions of tons of fly ash each year.
“Amongst applications, Portland cement & concrete accounted for a significant share in 2020”
Based on application, the market is categorized into Portland cement & concrete, bricks & blocks, road construction, agriculture, and others. Among these, Portland cement & concrete captured a significant portion of the pie and is expected to retain the position during the forecast period owing to the huge production of cement & concrete that is further going to increase with the growth in the construction industry.
“Asia-Pacific is expected to retain its position during the forecast period”
For a better understanding of the market adoption of fly ash, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. Asia-Pacific accounted for a significant share of the market and is expected to showcase significant growth over the forecast period. This can be ascribed to the large production base of the cement industry in the regional economies mainly in countries like China and India. Further, the rapid infrastructure development in order to meet the growing demand of the population is further increasing the demand for cement & concrete and bricks & blocks. Thereby, increasing the consumption of fly ash.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive country-level analysis of the industry
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|1.1. Market Definitions|
|1.2. Main Objective|
|2.1. Research Process of the Fly Ash Market|
|2.2. Research Methodology of the Fly Ash Market|
|2.3. Respondent Profile|
|3. MARKET SYNOPSIS|
|4. EXECUTIVE SUMMARY|
|5. IMPACT OF COVID-19 ON THE FLY ASH MARKET|
|6. FLY ASH MARKET REVENUE (USD MN), 2020-2028F|
|7.1. Power Plant|
|8.1. Class F|
|8.2. Class C|
|9.1. Portland Cement & Concrete|
|9.2. Bricks & Blocks|
|9.3. Road Construction|
|10.1. North America|
|10.1.1. The United States|
|10.1.3. Rest of North America|
|10.2.2. The United Kingdom|
|10.2.6. Rest of Europe|
|10.3.4. Rest of Asia-Pacific|
|10.4. Rest of World|
|11.1. Market Drivers|
|11.2. Market Challenges|
|11.3. Impact Analysis|
|12. GEOFOAM MARKET OPPORTUNITIES|
|13. FLY ASH MARKET TRENDS|
|14.1. Demand Side Analysis|
|14.2. Supply Side Analysis|
|15. VALUE CHAIN ANALYSIS|
|16.1. Competitive Landscape|
|16.1.1. Porters Fiver Forces Analysis|
|17.1. Boral Limited|
|17.2. CEMEX S.A.B. de C.V.|
|17.3. Holcim Group|
|17.4. Charah Solutions Inc.|
|17.5. WM Intellectual Property Holdings LLC|
|17.6. Separation Technologies LLC|
|17.7. Salt River Materials Group|
|17.8. Ashtech India Private Limited|
|17.9. SEFA Group|
|17.10. Cement Australia Holdings Pty Limited|
Research Methodology for Global Fly Ash Market Analysis (2019-2027)
Analyzing the historical market, estimating the current market, and forecasting the future market of fly ash, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the fly ash industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of fly ash through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the fly ash market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by source, type, and application. Further regional and country-level analyses were conducted to evaluate the overall adoption of fly ash globally.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of fly ash. Further, we conducted factor analysis using dependent and independent variables such as growing demand for cement and increasing construction activities. A thorough analysis was conducted for demand and supply-side scenarios considering an increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the Fly Ash industry.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global fly ash market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of fly ash across the major markets
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Fly Ash market. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants by Stakeholders and Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global fly ash market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of source, type, and application.
The main objective of the Fly Ash market study
The current & future market trends of global Fly Ash were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of fly ash in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segment in the study include the area of the source, type, and application
- Defined analysis of the regulatory framework for the fly ash industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of fly ash for the major countries
- Major regions/countries analyzed in the report include North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), and Rest of World
- Company profiles of the fly ash market players and the growth strategies adopted by them to sustain in the growing market
Deep dive country-level analysis of the industry