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Chemicals and Materials

Fly Ash Market is Surging with CAGR of 4.8% from 2021 to 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.

CONSTANT GROWTH IN CONSTRUCTION INDUSTRY TO INFLUENCE THE MARKET GLOBALLY

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 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.