Fly ash is a fine powder having compounds of silica and /or alumina and is obtained from coal-fired power plants. Fly ash is considered as an environment friendly choice compared to portland cement, and is used to replace a small portion of portland cement in concrete, since the latter is a major contributor of CO2.
A major factor driving growth of the global fly ash market is increasing demand for fly ash from construction sector. In addition, increasing adoption of fly ash for applications in agriculture and water treatment is another factor fueling growth of the global fly ash market.
The global market is segmented on the basis of type, application, and region. On the basis of types, the global market is segmented into class F and class C. The class F segment is expected to witness highest growth in the global market over the forecast period.
On the basis of application, the global market is segmented into portland cement & concrete, bricks and blocks, road construction, agriculture, and others. The others segment includes mining, chemicals, water treatment, and glass ceramics. The bricks and blocks segment is expected to witness significant growth in terms of revenue in the global market over the forecast period.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific accounts for highest share in terms of revenue in the global market. This can be attributed to increasing demand from construction sector in countries in the region. The North America market is expected to witness moderate growth in terms of revenue in the global market over the forecast period.
Key players in the global fly ash market are Ash Improvement Technology, Inc., Boral Limited, Cemex S.A.B. de C.V., Ceratech Inc., LafargeHolcim Ltd., Sephaku Cement Ltd., SCB International, Titan America LLC, Waste Management, and Headwaters Inc.