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.
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.