Fly Ash Market to reach USD 12.4 billion by 2032, Says Global Market Insights inc.
Fly Ash Industry size is expected to register 5.2% CAGR between 2024 and 2032 propelled by increased demand in construction due to urbanization.
Selbyville, Delaware, July 01, 2024 (GLOBE NEWSWIRE) — Fly Ash Market is set to reach USD 12.4 billion by 2032, as per a
Asia Pacific to remain a major revenue pocket
Asia Pacific fly ash market will record a healthy growth rate over 2024-2032, owing to several key factors. Swift urbanization and infrastructure advancement projects necessitate sustainable and economical construction materials, ushering in the adoption of fly ash in concrete production. Government strategies encouraging eco-friendly practices augment its adoption as fly ash curbs GHG emissions and diminishes waste disposal issues. The region’s flourishing construction sector seeks to improve concrete performance and longevity, strengthening fly ash’s pozzolanic attributes. Asia Pacific experiences an upsurge in demand for fly ash, indicating its essential role in catering to infrastructure demands while serving sustainability directives.
Fly Ash Market Players
Prominent fly ash vendors include Ashtech (India) Pvt. Ltd., Aggregate Industries, Cemex S.A.B. de C.V., Charah Solutions, Inc., FlyAshDirect, Headwaters Inc. (Boral Limited), Separation Technologies LLC, SCB International Materials Inc., SEFA Group, LafargeHolcim, and among others. In the competitive landscape of the market, key players are intensifying their positions through strategic initiatives. The providers invest significantly in research and development to improve product quality and application flexibility and serve diverse industry demands.
Strategic mergers, collaborations, and acquisitions are essential to expand market presence and global reach. These fly ash producers prioritize innovation, developing advanced processing techniques and sustainable solutions to foster a competitive edge. The customer-centric approaches, such as customized services and technical support, fortify relationships and stimulate brand loyalty. The fly ash market is attributed to dynamic competition, with vendors striving for differentiation and market leadership.
In July 2023, SER Capital Partners purchased Charah Solutions. Charah Solutions is a portfolio firm held by SER.
In September 2023, Cardinal Plant signed a collaboration agreement with Separation Technologies. The joint venture agreement gives Separation Technologies rights to recycle the fly ash of Cardinal.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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