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Fly Ash Market - Snapshot

Fly ash, also known as pulverized fuel ash, is a byproduct obtained from coal-fired electric power plants. Mineral impurities in coal (such as quartz, feldspar, clay, and shale) fuse in the suspension and float out of the combustion chamber as waste gases during the power generation process. These gases get solidified into orbicular particles upon cooling. These particles are known as fly ash. Fly ash is widely employed as a superior substitute for Portland cement in the construction industry. When added to concrete, fly ash improves strength, ease of pumping of concrete, and segregation. These advantages of fly ash over Portland cement make it a preferred material for construction activities. Cement and concrete used in construction activities is one of the major applications of fly ash. The fly ash market is expected to expand at a significant pace during the forecast period owing to the increase in construction activities in different regions and several initiatives taken by government authorities to promote the utilization of fly ash.

fly ash industry

In terms of application, the cement & concrete segment is anticipated to expand significantly during the forecast period, due to the rise in the demand for sustainable construction materials and increase in construction output in developing countries. Fly ash typically replaces around 20% to 30% of the total Portland cement used in construction activities. The need for infrastructure has been increasing at significant pace since the last few years due to the rapid growth in global population. This has led to an increase in construction activities throughout the globe. Furthermore, developing countries such as China and India are experiencing substantial industrial, economic, and infrastructural development. Fly ash is extensively used in the construction industry as an environmentally-sustainable substitute for Portland cement. It is also employed to enhance the overall performance of ready-mix concrete. Furthermore, fly ash is used in the manufacture of bricks and blocks in the construction industry. It is also used in road construction. Fly ash is also employed in sectors such as mining, water treatment, and agriculture. Rise in demand for fly ash in these end-use industries is anticipated to fuel the global fly ash market. The structural fills segment is projected to expand at a rapid pace during the forecast period, led by the increase in usage of fly ash for highway embankment across the globe.

Fly ash is used widely in the construction industry in developed countries. However, lack of global awareness about the benefits of using fly ash as construction material is hampering the fly ash market. For instance, lack of awareness about potential uses of fly ash as construction material or as soil stabilizer in the agriculture sector is adversely affecting the global fly ash market. Increase in greenhouse gas (GHG) emissions across the world is a major factor responsible for global warming. Thermal power generation accounts for prominent share of the global carbon dioxide emissions. Regulatory bodies in developed regions such as Europe and North America are seeking renewable, environmentally sustainable alternatives for producing power as a measure to control CO2 emissions. This is estimated to negatively impact the overall production of fly ash. These factors are projected to restrain the fly ash market during the forecast period.

The fly ash market has been segmented based on type, application, and region. Based on type, the fly ash market has been bifurcated into class C and class F. In terms of revenue, the class F segment held major share of the fly ash market in 2017. Based on application, the fly ash market has been divided into cement & concrete, structural fills, mining waste stabilization, road constructions, and others. In terms of revenue and volume, the cement & concrete segment constituted significant share of the market in 2017, and is anticipated to expand at a rapid pace during the forecast period.

Based on region, the global fly ash market has been classified into Europe, North America, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global fly ash market in 2017. This trend is estimated to continue during the forecast period. The region is projected to create lucrative opportunities for the fly ash market in the near future. China is likely to dominate the market in Asia Pacific, led by the increase in construction activities in the country. Furthermore, India contributes significantly to the fly ash market in Asia Pacific. Expansion in the fly ash market in Asia Pacific can also be ascribed to the high growth potential of the market in India, Japan, and ASEAN. The cement & concrete segment is a major consumer of fly ash in Asia Pacific.

The global fly ash market is fragmented. Large numbers of small and medium scale local suppliers of fly ash operate in the market. Key players functioning in the global fly ash market include Lafarge Holicim, Cemex S.A.B. De C.V., and Boral Ltd.

Revival of Construction Activity Post Covid-19 to Leverage Engineering Value of Fly Ash

Fly ash is a useful constituent of byproduct of coal when fired in wide range of electric boilers or industrial boilers, and most commonly in cogeneration facilities. Millions of tons of fly ash has been extracted year-over-year. With this, studies that expand the understanding of the chemistries and features of fly ash remarkably, thereby constantly reshaping the contours of the fly ash market. The rise in demand for fly ash formulations in wide range of engineering applications particularly for highway constructions is a key trend in the market. The material forms part of Portland cement concrete (PCC), flowable fills, soil and road base stabilization, grouts, and structural fill and asphalt filler. A variety of PCC applications have utilized fly ash.

The Covid-19 pandemic has ravaged the macroeconomic of almost all nations around the world in a span of just few months. The lockdowns stalled various high-value construction projects in urban as well as in rural areas. This has had vast repercussions on the overall construction sector, and on the fly ash market. The shipments carrying fly ash has also suffered substantially in the early 2020. However, with economies opening up, new construction activities have picked up, resulting in the rise in demand in the fly ash market. In the first Q1 of 2021, the demand will pick up rapid pace especially coming from stalled residential projects in urban and rural centers.

The striking environmental benefits that fly ash endow is a key factor propelling the expansion of the fly ash market. Rise in number of concrete road making activities in developing economies in the last months fueled the expansion of the fly ash market. It has also emerged as an attractive material in application of displacing cement. Further, the demand for fly ash is one of the key aspects that make coal combustion more environmental friendly, since it reduces the burden of disposing of the byproduct in landfills. 

Fly Ash Market - Overview   

This report analyzes and forecasts the fly ash market at the global and regional level. The market has been forecast based on revenue (US$ Mn) and volume (million tons) from 2018 to 2026. The study includes drivers and restraints of the global fly ash market. It also covers the impact of drivers and restraints on demand for fly ash during the forecast period. The report also highlights opportunities in the fly ash market at the global and regional level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global fly ash market. The Porter’s Five Forces model for the fly ash market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein fly ash types and applications are benchmarked based on their Market Value, growth rate, and general attractiveness.

The study provides a decisive view of the global fly ash market by segmenting it in terms of type, application, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for fly ash in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also encompasses demand for individual application segments in all the regions.

The study includes profiles of major companies operating in the global fly ash market. Prominent players functioning in the fly ash market include Lafarge Holicim, Cemex S.A.B. De C.V., and Boral Ltd. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

The global fly ash market is primarily driven by the expansion of end-use industries such as construction and mining, implementation of stringent regulations related to dumping of fly ash, and rise in focus on sustainable construction. Governments across the world are striving to manufacture environmentally sustainable products in order to lessen the effects of global warming. Companies operating in the construction industry are continuously making efforts to develop new and sustainable solutions.

Production of one ton of cement releases one ton of carbon dioxide in the atmosphere. Use of waste materials such as fly ash can significantly lower the carbon footprint of the construction industry. This factor is anticipated to drive the global fly ash market in the near future.

The report provides an estimated Market Value of the fly ash market for 2017 and forecast for the next eight years. The size of the global fly ash market has been provided in terms of revenue and volume. Market numbers have been estimated based on key application and regional segments of the fly ash market. Market Value and forecast for each major segment have been provided in terms of global and regional/country markets.

Key Takeaways of Study

  • Extensive analysis of the fly ash market trends and shares from 2017 to 2026 to identify market opportunities and industry development
  • Consumption of fly ash by region and list of manufacturers
  • Key factors responsible for upcoming opportunities for the fly ash market at the global, regional, and country level
  • Comprehensive analysis with respect to investments and price trends that are likely to impact the market outlook and forecast of the global fly ash market between 2018 and 2026
  • Market opportunities for various stakeholders in the value chain and detailed competition landscape for key players dominating the market to understand competition level
  • Porters’ Five Forces analysis that highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and analyze the strengths and weaknesses of competitors in order to gain strategic position in the market

The global fly ash market has been segmented as follows:

by Type

  • Class C
  • Class F

by Application

  • Cement & Concrete
  • Structural Fills
  • Mining
  • Waste Stabilization
  • Road Construction
  • Others

by Region/Country/Sub-region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • Spain
    • UK
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Australia
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • South Africa
    • GCC
    • Rest of Middle East & Africa

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Fly Ash Market 2018 2026