Type C Segment is Expected to be Fastest Growing During Forecast Period for APAC Region  

According to a new market research study on “APAC Fly Ash Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 34,174.90 million by 2028 from US$ 24,226.16 million in 2021. The market is estimated to grow at a CAGR of 5.0% from 2021 to 2028. The report provides trends prevailing in the APAC fly ash market along with the drivers and restraints pertaining to the market growth. Growing inclination towards sustainable and green construction and increasing initiatives for fly ash utilization are the major factor driving the growth of the APAC fly ash market. However, dearth of awareness about the benefits or potential uses of fly ash hinders the growth of APAC fly ash market.  

Asian economies have been hit hard due to the COVID-19 pandemic. Many thermal power plants were not fully operational during 2020, influencing fly ash generation. Due to lockdown measures, construction materials did not reach the site, which hampered the construction work. Governments of various Asia Pacific countries adopted potential methods to restrict the spread of the novel coronavirus by announcing country-wide lockdowns, which directly impacted the growth of industrial sectors such as construction and engineering.

The APAC fly ash market is segment based on type, application, and country. The APAC fly ash market is segmented on the basis of type, into type F and type C. The type c segment dominated the APAC fly ash market in 2020 and same segment is expected to be fastest growing during forecast period. Based on application, the APAC fly ash market is segmented into cement and concrete, block and brick, mining, road stabilization, fills and embankments, waste stabilization, and others. The cement and concrete segment dominated the APAC fly ash market in 2020 and same segment is expected to be fastest growing during forecast period.  Based on country, the market is segmented into China, India, Japan, South Korea, Malaysia, Philippines, Bangladesh, Sri Lanka, Nepal, and rest of APAC. 

Aceton Industries, LLP; Ashtech India Pvt. Ltd; Boral; Cement Australia Pty Limited; CEMEX S.A.B. DE C.V.; and HOLCIM are among the leading companies in the APAC fly ash market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, CEMEX, S.A.B. de C.V. signed an agreement with Carbon Upcycling Technologies to improve the processing of residue or by-products of industrial processes, capturing CO2 emissions to produce nanomaterial with greater reactivity and a lower carbon footprint. The technology developed together by both the companies is expected to significantly increase industrial by-products availability with cementitious qualities, like fly ash and slag, to produce concretes with a low CO2 footprint. 

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