With the restriction to use red clay bricks, there is a huge market growth for bricks that made of fly ash, an unwanted residue obtained from coal-fired power plants. By adding cement, lime, water, gypsum with fly ash to make fly ash bricks.
Fly ash has many beneficial properties which led to high demand for constructional activities. The two major reasons for use of fly ash as an ingredient in building materials and concrete are because it improves the quality of finished products and breeds significant environmental benefits. Hence, the factors responsible for growth of fly ash market are growing urbanization in emerging economies and increasing constructional activities globally.
The beneficial properties of fly ash have attracted the construction sector globally as fly ash has best suited the requirement for various infrastructure projects. In addition, fly ash has been proven to be the green building material due to environmental benefits that it offers. Hence, the global fly ash market is anticipated to experience high demand in the market during the forecast period from 2016-2022.
Worldwide Fly Ash Market Review 2015
Asia Pacific accounted for larger share of global fly ash market in 2015. Growing urbanization and population in the regions have led to increasing demand for constructional activities.
Increasing demand from building and construction industry in North America is also expected to boost growth of fly ash market. Europe is projected to fuel demand for fly ash due to environmental measures adopted in the region. Middle East and Africa and Rest of the World demonstrated steady growth for fly ash in the year 2015 but are anticipated to augment during the forecast period. Hence, fly ash market is expected to experience strong demand from several countries to meet the needs of the constructional sector worldwide.
Fly Ash Market - Growth, Competitive Analysis and Forecast 2015 - 2022
According to a new market report published by Credence Research, "Fly Ash Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022," the fly ash market was valued at US$ 39.54 Billion in 2015, and is expected to reach US$ 64.76 Billion by 2022, expanding at a CAGR of 7.3% from 2016 to 2022.
Fly ash has many beneficial properties which led to high demand for constructional activities. The two major reasons for use of fly ash as an ingredient in building materials and concrete are because it improves the quality of finished products and breeds significant environmental benefits. Hence, the factors responsible for growth of fly ash market are growing urbanization in emerging economies and increasing constructional activities globally.
The beneficial properties of fly ash have attracted the construction sector globally as fly ash has best suited the requirement for various infrastructure projects. In addition, fly ash has been proven to be the green building material due to environmental benefits that it offers. Hence, the global fly ash market is anticipated to experience high demand in the market during the forecast period from 2016-2022.
Worldwide Fly Ash Market Review 2015
Asia Pacific accounted for larger share of global fly ash market in 2015. Growing urbanization and population in the regions have led to increasing demand for constructional activities.
Increasing demand from building and construction industry in North America is also expected to boost growth of fly ash market. Europe is projected to fuel demand for fly ash due to environmental measures adopted in the region. Middle East and Africa and Rest of the World demonstrated steady growth for fly ash in the year 2015 but are anticipated to augment during the forecast period. Hence, fly ash market is expected to experience strong demand from several countries to meet the needs of the constructional sector worldwide.
Fly Ash Market - Growth, Competitive Analysis and Forecast 2015 - 2022
According to a new market report published by Credence Research, "Fly Ash Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022," the fly ash market was valued at US$ 39.54 Billion in 2015, and is expected to reach US$ 64.76 Billion by 2022, expanding at a CAGR of 7.3% from 2016 to 2022.
