In a recent published report, Kenneth Research has updated the market report for Fly Ash Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Fly Ash Market products.
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Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Fly Ash Market was valued at USD 4.35 Billion for the year 2017. Fly Ash Market is further expected to grow at a CAGR of 5.85% from 2018 to reach USD 6.83 Billion by the year 2025. Asia Pacific region holds the highest Market share in 2017 as well region is growing fastest in the forecasted period. Developed countries such as China and emerging Market like India with huge population base are further anticipated to grow at a steady pace in the next 5 years because of the population growth in the region.
Major players in Fly Ash Market are Boral Limited, FlyAshDirect, CEMEX S.A.B. de C.V., Aggregate Industries, Separation Technologies LLC, Ashtech (India) Pvt. Ltd. and other 14 companies detailed information is provided in research report. Better global reach, both at production and at an operational level is the main reason for holding this highest Market share. New product launches and growing research and development cost for addressing changing demand of end users in recent years are driving this Market. Organic growth strategies such as merger and acquisition were adopted by these manufacturers in recent years has provided comprehensive Market opportunities for the various stakeholder in the value chain.
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SWOT Analysis of Fly Ash Market
Strength
Government and Regulatory Associations active campaigning for Fly Ash
Growth in infrastructure and construction development
Weakness
Inconsistent quality of fly ash
Opportunities
Increasing awareness about the eco-friendly construction
Threats
The decline in the usage of a traditional source of energy, as well the availability of the fly ash
On the other hand, construction applications like blocks and varied brick types for Fly Ash Market is expected to grow at the highest CAGR during the forecasted period. The PCC pavement holds the highest Market share because of its economic benefits compared to other applications.
Fly Ash Market Overview By Application
Road Constructions
Bricks and Blocks
Portland Cement & Concrete
Agriculture
Others (Chemical, Mining)
Fly Ash Market Overview By Type
Class F
Class C
Fly Ash Market Overview By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
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Key points covered in this report:
- The historical and current data is provided in the report based on which the future projections are made and the industry analysis is performed.
- The import and export details along with consumption value and production capability of every region is mentioned in the report.
- Porter’s five forces analysis, value chain analysis, SWOT analysis are some additional important parameters used for the analysis of market growth.
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