Fly Ash Market Size, Share & Industry Analysis, By Type (Class F and Class C), By Application (Cement & concretes, Fills & embankments, Waste Stabilization, Mining, Oil field Service and Road Stabilization and Others), and Regional Forecast, 2020-2027

The global fly ash market Size was valued at  USD 8.54 billion in 2019 and is projected to reach USD 13.33 billion by 2027, exhibiting a CAGR of 5.83 % during the forecast period.

Fly ash is a fine, powdered substance that emerges out of the coal combustion chambers and is captured by emission control such as scrubbers and electrostatic precipitators or fabric filters. A very large amount of this product is produced from various thermal power plants and their disposal has become one of the major environmental challenges. A few years back, this product was generated by the burning of coal-fired power plants and the material is considered to be of very low value and was only useful for landfilling. Its usefulness in cement has become an important discovery as it is used as a pozzolanic additive in cement. In the U.S., more than half of the concrete produced today uses this ash in some quantity as a substitute for traditional material. The factor mentioned above is likely to add impetus to the market in the long run.

MARKET TRENDS

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Utilization of Fly Ash in Ceramics is Expected To Drive The Market Further

This ash is made up of oxides such as Al₂O_3, SiO_2, CaO, and Fe₂O_3, and thus it gained attention from low-cost material manufacturers such as glass-ceramics, ceramics, and glass materials. The basic requirement for manufacture is the temperature activation of raw carbon fly ash with various temperatures and co-reagents directing the final form of glass or ceramics. It is used in 60:40 ratios with kaolinic clay to manufacture ceramic tiles. Carbon product type, mixed with high contains CaO and lower particle size would decrease the firing shrinkage in ceramics. The usage of this product in ceramic tiles increases its utilization and reduces the landfill coupled with the cost of raw materials in the tiles industry.

MARKET DRIVERS

Rising Market Demand of Fly Ash Bricks in Construction Industry Is Expected to Drive the Market

The main usage of this product is in the formation of portland pozzolana cement and the other emerging usage for the manufacturing of bricks. Apart from the conservation of soil, this ash also doesn’t emit greenhouse gases during the production process and thus it also has environmental benefits. The task of promoting the use of this product in construction materials is undertaken by various stakeholders including government departments and ministries, and academic and R&D institutions. In India, the responsibility of the formulation and implementation of policies and schemes is taken by the central and state governments. Government buildings such as banks and financial institutes, research institutes, technology service providers, private builders and government departments, and civil society organizations uses this ash in their construction materials, thereby augmenting the overall growth of the market in the forecast period.

Increased Focus on Environment-Friendly Products to Bode Well for the Market

Cement is a material whose production leads to a high amount of carbon dioxide during the manufacturing process. One ton of carbon dioxide liberates one ton of carbon dioxide to the environment. Globally, the production of cement contributes to seven percent of carbon dioxide. This ash is available in plenty and the addition of this product in cement can lead to lower carbon emission up to 25% to 30%. The effort to produce more environment-friendly concrete is to reduce the use of cement by partially replacing the amount of cement in concrete with by-products material the market is expected to drive the fly ash bricks market potential.

MARKET RESTRAINT

Poor quality of Fly Ash is Expected to Hamper Market

The quality of this product is important and it can have a negative effect on the concrete. Its primary advantage is that it reduces permeability at lower cost. However, its poor quality can lead to increase in permeability sometimes. Some fly ashes which are produced in the power plant are compatible with concrete, but some cannot be improved sufficiently for use in concrete. Moreover, high carbon materials with this product tend to use more water and could darken the concrete as well. Usage of high carbon content is recommended with the usage of an air-entraining agent which increases the cost of this ash, thereby challenging the market

SEGMENTATION

By Type Analysis

Class F to holds the Largest Share in Market

Based on type, the market is classified into class F and class C. Class F fly ash is originated from anthracite and bituminous coals. It consists mainly of silica, alumina, and lower calcium content as compared to class C. In Portland cement, class F is used as a replacement with 20-30% of cementitious materials. When class F is used it offers the following advantages such as increase in compressive strength, resistance to alkali-silica reaction, resistance to sulfate attack, less heat generation, decreased water demand, etc.

Class C fly ash mainly consists of calcium alumino-sulfate glass, quartz, tricalcium aluminate, and free lime (CaO). It typically contains more than 20% of CaO as this is also referred to as high calcium fly ash. Class C is mostly used in the concrete foundation to control the temperature rise.

By Application Analysis

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Cement & Concretes Segment to Hold the Largest Share in the Global Market

Based on application, the market is segmented into cement & concretes, fills & embankments, waste stabilization, mining, oil field service, and road stabilization and others. The cement & concretes segment holds the largest fly ash market share. This ash is widely used in cement applications, as the construction sector is registering very healthy growth, and thus the demand for cement is increasing at a fast pace. The usage of this product in cement concrete has many benefits and also improves the concrete performance in both fresh and hardened state. It is used in concrete to improve the workability of plastic concretes, durability, and strength of the hardened concrete. In concrete, fly ash benefits by reducing mixing water requirement and also improves paste flow behavior. The above factors will help increase the demand for the cement and concretes segment in the coming years.

Fly ashes are usually used as fill material for embankment construction application or for mixing with murum sand to improve the properties of murum sand. Faster rate of consolidation, a major part of decrease in volume that occurs during the primary consolidation phase, is generated rapidly, makes this product as an ideal material for fill embankment.

REGIONAL ANALYSIS

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The global market size in Asia Pacific stood dominant with a revenue of USD 4.15 billion in 2019. The fly ash market growth is owing to increasing urbanization and rapid population in the region, thus leading to an increase in demand for construction activities. Moreover, India and China are marching towards rapid industrialization which will drive the market. The market in North America is characterized by the increase in demand for construction industry, improvement in road construction activities and ease for transportation through building highways, and others.

Among the world’s most renowned bridges, roads, skyscrapers, dams and wide range of other construction projects were built using high-performance fly ash mixes to achieve longevity and superior strength. Furthermore, the market in Europe is expected to rise due to environmental measures adopted by the region. The market in Latin America and Middle East & Africa is expected to have a steady growth but expect to augment in the forecast period. The market is expected to witness strong demand due to increase in construction activities in these regions during the forecast period.

Moreover, pandemic COVID-19 is expected to have an adverse effect on the market all over the globe. The impact of COVID-19 is expected to reflect in the year 2020 and 2021 very severely, as the lockdowns in various developing countries is preventing people to go out and work. The construction industry is expected to be on hold for a few months or may be for a year. The construction industry is majorly a labor-based industry and thus the coronavirus pandemic is expected to have heavy impact on the market. In addition to this, all the production processes are on hold, and all the trades are also sealed, without which no import and export activity is possible. Hence, the market is expected to decline in the year 2020 and 2021, until the full elimination of the impact of COVID-19. The market is expected to grow again from 2022 and expected to have high growth at the forecast period 2027.

KEY INDUSTRY PLAYERS

Key Players to Adopt Merger and Acquisition Growth Strategies to Continue Dominating Market

The competitive landscape of the market depicts a consolidated nature with the top 10 companies accounting for about 50% share. Key players in the market have invested a considerable amount of resources in research and development of several such products. A product portfolio, supported by superior operational efficiency, and safe & novel technology development for composites application, are the strategies used by the market leaders for gaining a competitive edge in the market.

Furthermore, small and medium-scale companies have adopted strategies such as mergers and partnerships with larger enterprises to improve their product portfolio and other related services. This trend is projected to positively impact the global market during the forecast period as the smaller companies can gain a lot from the experience of the market leaders.

LIST OF KEY COMPANIES PROFILED:

• Boral Ltd.


• Cemex S.A.B. De C.V.


• LafargeHolcim Ltd.


• Charah, LLC.


• Titan America LLC.


• Cement Australia Pty Limited


• Salt River Materials Group


• Duromar, Inc.


• Tarmac Holdings Limited


• Aggregate Industries


• Others

KEY INDUSTRY DEVELOPMENTS:

• September 2018 – Boral Limited, a marketer of coal combustion products acquired 4.5 million tons of pozzolanic deposits located in central Utah, which will be processed for blending with this ash to extend supplies for western states concrete market.


• May 2018 – Charah, LLC., a provider of ash management, and a manufacturer and supplier of fly ash and also a provider of utility support services for coal-fired power generation industry acquired SCB International to jointly develop and deploy technologies including this ash beneficiation and mineral grinding technologies. This acquisition will allow more than double the volume of materials available to its customers.

REPORT COVERAGE

The fly ash market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, type, and leading applications of the product. Besides this, the report offers insights into the market, current industry trends and highlights the key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the market over recent years.

Report Scope & Segmentation