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Widespread Progress Witnessed

The global fly ash market depicts a highly fragmented and competitive vendor landscape, owing to the presence of numerous players, says Transparency Market Research on the basis of a recently published report. The competition is expected to get toug
Widespread Progress Witnessed by the
Construction Domain, Fly Ash Market to
Grow at 7.1% CAGR
The global fly ash market depicts a highly fragmented and competitive vendor
landscape, owing to the presence of numerous players, says Transparency Market
Research on the basis of a recently published report. The competition is expected to get
tougher with the entry of new players on a regular basis in the market.
Most vendors are aiming towards producing good quality fly ash, which is a prime
component of cement used in the construction industry. Many businesses also intend to
improve the quality of their respective products as a chief strategy to outshine their
rivals. Other schemes wherein an extensive focus has been imparted by most
companies involve product differentiation, expansion of product portfolio, and increasing
geographical reach. Regulating costs of fly ash to benefit overall construction costs also
is a key strategy associated with most businesses present in the global fly ash market.
Boral Ltd., Cemex S.A.B. De C.V., LafargeHolcim Ltd.., Waste Management, Inc.,
Charah, LLC, Separation Technologies LLC. (A subsidiary of Titan America LLC), and
Cement Australia Pty Limited, are key players operating in the global fly ash market.
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According to experts from Transparency Market Research, the global fly ash market
had gained revenue worth US$5,237.1 mn 2017, which is further expected to grow up to
US$9,080.9 mn by the end of 2025. This growth is projected to occur at a fantastic
CAGR of 7.1% during the forecast period from 2017 to 2025.
Burgeoning Construction Industry Stokes Demand of Fly Ash Material
Fly ash finds extensive application in the construction industry, as it is a crucial
component of concrete structures. Such a mammoth use of the substance is primarily
responsible for driving the global fly ash market. Fly ash is also used extensively in
concrete owing to its sturdiness, high strength, long shelf life, and an ability to mix well
with other materials. Such favorable properties has increased demand for fly ash by
several notches, consequently propelling growth in the global fly ash market.
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With rampantly increasing construction activities in several developing as well as
developed economies, the demand for fly ash is progressively rising, thus expanding
the associated market. Many governments are increasing their focus on ramping up
infrastructural setup and roads, wherein fly ash is notably required. Lastly, as fly ash is a
type of waste material generated through coal-fired electric power plants, it is highly
viable for use in construction-based activities, as compared to being dumped in the form
of garbage, thus protecting the environment.
Rising Environmental Concerns Regarding Fly Ash Production Stunts Growth
However, production fly ash is a prime environment polluter, thus acting as a chief
obstacle to the global fly ash market’s growth. Moreover, the global fly ash market is
highly restrained owing to lack of raw materials required to manufacture the material in
underdeveloped and certain developing economies. Due to this reason, procurement of
the ash has become largely difficult, thus discouraging companies from undertaking
construction in such regions. In some economies, very low profit margins exist in the
production of fly ash and its cement products. This scenario mainly exists due to the
required raw materials being highly expensive; furthermore this expense could pass on
to the customers in the form of steep product costs. However, many businesses are
expected to introduce several cost-regulated fly ash varieties, thus offsetting most of the
restraints affecting the global fly ash market.
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The information presented in this review is based on a Transparency Market Research
report, titled, “Fly Ash Market (Type - Class C and Class F; Application - Cement &
Concrete, Structural Fills, Mining, Waste Stabilization, and Road Construction) - Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.”
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