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Transparency Market Research (TMR) witnesses the global fly ash market has a highly fragmented competitive scenario. Some of the companies operating in the global fly ash market are Boral Ltd., LafargeHolcim Ltd.., Cemex S.A.B. De C.V., Waste Management, Inc., Cement Australia Pty Limited, and Separation Technologies LLC. A growing number of new entrants in the global fly ash market are leading to an increasing level of competition in the next few years.
These vendors are trying to produce better-quality fly ash to be used as a prime component in cement manufacturing. These companies are trying to improve the quality of their products in order to stand alone in the market. Additionally, key players are trying to expand their business globally through numerous key strategies, which are expected to boost their growth over a few years.
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According to TMR, the global styrenic polymers market in medical applications collected revenue of about US$5,237.1 mn in the year 2017 and is projected to collect revenue of US$9,080.9 mn by expanding with a CAGR of 7.1% over the forecast period from 2017 and 2025.
Based on the type, the Class F fly ash segment is dominating the global fly ash market owing to enlarging usage in the mass concrete and high strength mixtures. Based on region, Asia Pacific is dominating the global fly ash market and expected to remain dominant over the forecast period and account for the revenue of US$4,217.6 mn by the end of 2025.
Extensive Applications of Fly Ash to Propel Growth
Fly ash has extensive applications in the construction industry, being a key constituent of concrete structures. Immense usage of the material is mainly fuelling the growth of the global fly ash market. Fly ash is known for its sturdiness, long shelf life, high strength, and ability to mix. These properties are widening its applications and demand for fly ash, which is thrusting growth in the global fly ash market.
Ever-growing construction industry globally and mainly in the developing countries such as China and India is boosting demand for fly ash and likely to propel the growth of the global fly ash market. Additionally, the governments are trying to improve the infrastructure, which is again propelling the growth of the global fly ash market
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Uneasy Availability of Raw Material to Hamper Growth
The production process of the fly ash is the environment polluter which is key factors restraining the growth of the global fly ash market. Additionally, the global fly ash market is witnessing steady growth due to lack of raw materials for manufacturing the material mainly in the underdeveloped or developing countries. Thus, obtaining ash is becoming difficult and hampering adoption of the fly ash. Furthermore, the high cost of raw materials is hampering the growth of the global fly ash market.