The Global Fly Ash Market is expected to grow from US$ 3.70 billion in 2022 to US$ 5.34 billion by 2028 at a healthy CAGR of 6.3% during the forecast period of 2023-2028.
Market Drivers:
The global fly ash market is driven by several factors, including:
The growing construction industry – Construction activities, spanning residential, commercial, and infrastructure projects, heavily rely on concrete and cement. Fly ash is a key ingredient in both materials, contributing to their strength, durability, and workability.
Increase in focus on infrastructure and road paving – The growing focus on infrastructure and road paving is a significant driver of the fly ash market. Fly ash is a valuable pozzolanic material that can be used as a partial replacement for cement in concrete and pavement applications.