The global fly ash market size was valued at USD 13.51 billion in 2023. The market is projected to grow from USD 14.31 billion in 2024 to USD 23.85 billion by 2032 at a CAGR of 6.6% during the forecast period. Asia Pacific dominated the fly ash market with a market share of 74.69% in 2023. The expansion is on account of increasing awareness regarding the usage of the product as an additive in cement.
Fortune Business Insights™ publishes this information in a report titled, "Fly Ash Market, 2024-2032".
Tariff Impact Analysis for Fly Ash Market: https://www.fortunebusinessinsights.com/enquiry/sample/fly-ash-market-101087
List of Key Players Profiled in the Report:
Segments:
Class F Segment to Dominate Global Market Owing to Advantage of Less Heat Generation
By type, the market is bifurcated into Class F and Class C. Class F ash is created from bituminous and anthracite coals. This class consists of silica and alumina and lower calcium content. The Class F segment is expected to lead the market due to its advantages such as increased compressive strength and less heat generation.
Fly, or flue ash is a fine substance that flies from coal combustion chambers and is captured by emission control equipment such as scrubbers, electrostatic precipitators, or fabric filters. A huge amount of ash is produced from various thermal power plants, and its disposal has become a crucial environmental challenge. Traditionally, flue ash was generated by burning coal-fired power plants, and the material was considered of very low value as it was only used for landfilling. In recent days, its utilization 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 coal ash in some quantity as a substitute for traditional material.
Cement & Concrete Segment Leads the Market Due to Increased Demand from Construction Sector