Global fly ash market is expected to showcase a tremendous CAGR of 7.1% over the forecast period i.e. 2016-2023. Additionally, the market is riding on the back of growing application of fly ash and increasing construction activities. Moreover, the global fly ash accounted for noteworthy revenue of USD 4.5 Billion in 2015.
The Portland cement segment by application is predicted to capture the dominating market of overall fly ash over the forecast period. Further, increasing number of construction activities all over the globe is projected to foster the growth of global Portland cement market. In terms of regional platform, Asia-Pacific region accounted for the top position in the global fly ash market. Moreover, India and China are the dominating country in this region owing high demand for fly ash. In addition to this, India fly ash production has witnessed significant increase during 2010-2016. The production of fly ash was held at 123.5 million tons in 2009-2010 and raised to 184.1 million tons in 2014-2015.
Rapid urbanization coupled with strengthened GDP figure has boosted the growth of construction sector which is projected to intensify the demand for Portland cement. Furthermore, urbanization is giving rise to construction companies as well in order to expand their business in civilized and developed areas which is also expected to foster the growth of fly ash market.
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Advantages and High End Properties of Fly Ash
High strength, advanced material properties, highly economical and environment friendly are some of the factors for rising popularity of fly ash among the construction industry. Fly ash is also used for landfilling application in various countries in Europe on the back of large scale availability. This factor is anticipated to flourish the growth of fly ash market in near future.
On the contrary, poor quality of the fly ash and the limitations of the fly ash such as strength loss and inconsistent workability is one of the major factors hampering the market of fly ash all across the globe.
The report titled “Fly Ash Market: Global Demand, Growth Analysis & Opportunity Outlook 2023” delivers detailed overview of the global fly ash market in terms of market segmentation by product, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global fly ash market which includes company profiling ofAsh Improvement Technology, Boral Limited, Cemex, Ceratech Inc., Ecocem Materials Ltd., LafargeHolcim Ltd., Sephaku Cement Ltd., SCB International, and Titan America. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global fly ash market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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