Market Introduction
North America comprises major economies such as the US and Canada. The fly ash market in North America is expected to witness a notable growth in the coming years owing to the rising utilization of fly ash in concrete, growing construction sector, and increasing recycling rates of fly ash. According to the American Coal Ash Association, 52% of the coal ash generated in the US was recycled in 2019. More than half of the coal ash produced was beneficially utilized rather than disposed. The use of coal fly ash in concrete is steadily growing in the region. Fly ash enhances the strength and durability of concrete. Therefore, producers and users of concrete across the region have been increasingly employing fly ash for constructing residential and commercial building. The construction industry in North America is one of the major contributors to the region’s economy. According to the Associated General Contractors of America (AGC), the US construction industry creates US $1.4 trillion worth of structures annually. Rising construction activities owing to increasing population and rapidly growing commercial sector across the region are driving the growth of the construction sector in North America. Fly ash is extensively used in Portland cement and concretes. Moreover, rising concerns related to environmental sustainability across the region are driving the utilization of fly ash in various applications such as building and construction, road embankments, soil stabilization, etc. These factors are bolstering the growth of the North America fly ash market. The presence of prominent fly ash manufacturers such as Salt River Materials Group; Boral; Charah Solutions, Inc.; Holcim; and Titan America, LLC. is also contributing significantly to the market growth. The players are ensuring smooth supply of fly ash across the North American construction industry and encouraging the utilization of fly ash for other promising application, such as flyover and highway embankment, soil stabilization, and wastewater treatment. Such factors are projected to boost the regional market growth during the forecast period.
In case of COVID-19, North America is highly affected specially the US. The unprecedented rise in the number of COVID-19 cases across the US and Canada and the subsequent lockdown of numerous manufacturing facilities in the countries have negatively influenced the growth of the various markets. According to the Energy Information Administration (EIA), US coal production fell to its lowest level since 1965 in 2020 due to low worldwide demand after the COVID-19 pandemic. This has impacted the fly ash market in the region. Moreover, the construction industry has been adversely impacted by the COVID-19 pandemic in the US. The construction industry has faced supply chain issues in terms of the supply of construction materials. However, the market is reviving on account of the government's significant measures such as vaccination drives. The construction industry is also overcoming the challenges of supply chain disruptions of their raw materials. This is expected to provide the impetus for market growth.
Strategic insights for the North America Fly Ash provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Fly Ash refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.North America Fly Ash Strategic Insights
North America Fly Ash Report Scope
Report Attribute
Details
Market size in 2021
US$ 3,807.15 Million
Market Size by 2028
US$ 5,231.50 Million
Global CAGR (2021 - 2028)
4.6%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Type
By Application
Regions and Countries Covered
North America
Market leaders and key company profiles
North America Fly Ash Regional Insights
Market Overview and Dynamics
The North America fly ash market is expected to grow from US$ 3,807.15 million in 2021 to US$ 5,231.50 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028. There is a rising inclination toward sustainable and green construction activities using more resource-efficient construction methods, including the usage of alternative materials. Various industrial materials replace non-renewable materials, conserve natural resources, and reduce pollution and energy consumption. Power & heating plants produce massive amounts of waste material. Fly ash is a byproduct of the coal-burning power industry. It is used in various applications, such as concrete and cement, manufacturing bricks and blocks, and road embankments. Concrete, a well-known building material, uses cement. Cement manufacturing is a very energy-intensive process. Moreover, there has been a growing concern about the increasing concentrations of greenhouse gases (GHG) in the atmosphere. Carbon Dioxide (CO2) is the GHG that people are most concerned of. Cement production is highly responsible for carbon dioxide emissions. Fly ash can be used as a substitute for some of the cement in concrete to make it more sustainable with reduced emission of CO2 and less impact on the environment and energy. The use of fly ash in concrete also reduces the amount of heat generated in the concrete mass. Additionally, the water demand is reduced with the incorporation of fly ash in concrete. Furthermore, the use of fly ash in the manufacture of bricks provides an opportunity to manage the increasingly generated fly ash and reduce the environmental footprint. Hence, the increasing use of fly ash in producing green building materials, owing to the rising inclination towards sustainable and green constructions, is expected to offer more growth opportunities for the North America market in the coming years.
Key Market Segments
In terms of type, the type C segment accounted for the largest share of the North America fly ash market in 2020. In terms of application, the cement and concrete segment held a larger market share of the North America fly ash market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America fly ash market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Aceton Industries, LLP; Ashtech India Pvt. Ltd; Boral; CEMEX S.A.B. DE C.V.; Charah Solutions, Inc.; HOLCIM; Salt River Materials Group; Titan America, LLC.; and Waste Management, Inc. among others.
Reasons to buy report
North America Fly Ash Market Segmentation
North America Fly Ash Market - By Type
North America Fly Ash Market -
By Application
North America Fly Ash Market - By Country
North America Fly Ash Market - Company Profiles
The North America Fly Ash Market is valued at US$ 3,807.15 Million in 2021, it is projected to reach US$ 5,231.50 Million by 2028.
As per our report North America Fly Ash Market, the market size is valued at US$ 3,807.15 Million in 2021, projecting it to reach US$ 5,231.50 Million by 2028. This translates to a CAGR of approximately 4.6% during the forecast period.
The North America Fly Ash Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Fly Ash Market report:
The North America Fly Ash Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Fly Ash Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Fly Ash Market value chain can benefit from the information contained in a comprehensive market report.