Fly ash concrete has also been praised for its environmental benefits as a “green” building material—putting to use an energy production byproduct that reduces the demand for carbon-intensive portland cement and requires less water in the hydration process.
At present, most of fly ash products are not recycled, and only 40-80% of fly ash is recycled. Since the recycling of fly ash has been encouraged and supported by many countries, the market for recycling of fly ash has been growing steadily.
Source: Secondary Sources, Expert Interviews and QYResearch, 2021
According to the new market research report “Global Flyash Market Report 2023-2029”, published by QYResearch, the global Flyash market size is projected to reach USD 16.33 billion by 2029, at a CAGR of 0.01% during the forecast period.
Figure. Global Flyash Market Size (US$ Million), 2018-2029
Figure. Global Flyash Top 14 Players Ranking and Market Share(Based on data of 2021, Continually updated)
The global key manufacturers of Flyash include LafargeHolcim, Anhui Conch Cement, CEMEX, Boral Limited, China National Building Material, CECEP, Charah Solutions, Titan America LLC, Ningxia Jinxiu Group, Ashtech, etc. In 2020, the global top five players had a share approximately 14.0% in terms of revenue.
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