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Publishing News and Press Releases

Fly Ash and Ceramic Microsphere Market Size Forecast to Reach $250.65 Million by 2026

(Publishing-NewsWire.com, September 27, 2021 ) Fly Ash and Ceramic Microsphere Market size is forecast to reach $250.65 million by 2026, after growing at a CAGR of 3.8% during 2021-2026. A lightweight, inert, hollow sphere made of silica and alumina and filled with air or inert gas, fly ash and ceramic microspheres are traditionally created as a by-product of coal combustion at thermal power plants. It is powdery and fine-grained particulate material which is carried off and collected from flue gas by electrostatic precipitator, mechanical collection devices or bag houses. The fly ash and ceramic microsphere are used because of their varied properties like fineness, specific gravity, chemical composition, and carbon content. The use of fly ash and ceramic microspheres improves workability, decreases the water demand, reduce the heat of hydration, increases strength, and reduces permeability. The growth in the market is due to the increase in the usage of fly ash and ceramic microspheres in various sectors like, building and construction, petroleum, textile, paints and coatings, ceramics, and others.



COVID-19 Impact

COVID-19 has severe impact on the suppliers the revenue declined and approximately 80% of plants experienced COVID-19 related production and cost impacts. Output has been reduced to maximize cash flow, improve liquidity, and minimize cash costs where demand has slowed and sufficient inventories are available. COVID-19-related plant closures, bans, and business interruptions, as well as production curtailments to minimize inventory, all had a significant effect on fixed cost recoveries. Earnings were harmed by COVID-19-related direct expenses, production slowdowns, and disruptions.



Fly Ash and Ceramic Microsphere Market Segment Analysis - By Particle Size

20-40 mesh held the largest share of 35% in the Fly Ash and Ceramic Microsphere Market in 2019. The typical size is finer than the cement and lime. It consists of slit size particle which are generally spherical and the typical size ranging from 10 to 100 microns. These small spheres improve the workability and fluidity of fresh concrete. With improvement in building material and energy balance it also provides a zero-waste close-loop material cycle. The major use of particle size of fly ash is for making lighter building material without compromising with strength. Fly ash is generated from the coal power plant by combustion and it has low bulk density and very high chemical stability.



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Fly Ash and Ceramic Microsphere Market Segment Analysis - By Application

Aggregates held the largest share of 30% in the Fly Ash and Ceramic Microsphere Market in 2019. The aggregates with the concrete mix the appropriate testing and sampling are needed as the aggregates mixed must be of very good quality and must hold mix design. The aggregates act as the representative of the material which will be used in the construction and other works. The aggregates and the retarders drive the Fly Ash and Ceramic Microsphere Market. This rise is mainly due to the growing demand for fly ash in cement, ceramics, plastics, and composites. Urbanization with a large network of connections has contributed to an increase in demand and material requirements. Many companies are spending lot in research and development in order to generate the new cutting-edge materials and provide a smarter way.



Fly Ash and Ceramic Microsphere Market Segment Analysis - By End Use

Building and Construction Industry held the largest share in the Fly Ash and Ceramic Microsphere Market in 2019 with a CAGR of 7.2%. According to the American Society of Civil Engineers, it will take approximately $4 trillion to repair the current state of the US infrastructure by 2025. To meet future demands and to restore the country’s competitive advantage, the US federal government has agreed, in principle, to spend $2 trillion over the next 10 years, one of the biggest infrastructure investments in US history. The growth in population has led to increase in construction projects. The high-performance concrete containing fly ash and ceramic microsphere is used in making bridges, parking decks, marine structures which are subjected to constant deterioration caused by rebar corrosion current, abrasion and chemical attack problems. Apart from this fly ash is also used for the remedial operations, refactoring, ceramics and specialty castings where its resistance to high temperature and abrasion make it extremely valuable in the manufacturing processes as well as ceramics such as tiles.



Fly Ash and Ceramic Microsphere Market Segment Analysis - Geography

Asia-Pacific (APAC) dominated the Fly Ash and Ceramic Microsphere Market with share of 40% in 2020 followed by North America and Europe. APAC as a whole is set to continue to be one of the largest and fastest growing construction markets globally. Large and more developed markets such China, India, Japan, and South Korea are expected to grow more in the coming years. China is driving much of the fly ash and ceramic microsphere market’s demand in Asia-Pacific region followed by India and Japan. Of the five fastest growing regions in construction sector, other than U.S. all are Asian countries including China and India who majorly drive the demand for construction investment in these regions. The strong and healthy growth in construction sector is associated with growing population and middle-class economy, which tend to drive APAC residential construction market. The increasing number of new building constructions, along with the rise in the number of renovation projects has further propelled the market. Currently the construction industry has been affected due to COVID-19 pandemic where most of the industrial activity has been temporarily shut down. In in turn has affected the demand and supply chain as well which has been restricting the growth in year 2020.



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Fly Ash and Ceramic Microsphere Market Drivers



Rise in Demand in paints and coating segments



The industrialization has led to the increase in demand for Fly Ash and Ceramic Microsphere in various industries for different purposes. The major benefit is that it reduces the weight and viscosity of the material and increases refractoriness and lubricity. The paint and coating are increasing due to rise in the new construction activity. India government has also planned the construction of 100 smart cities all over the country and several other development projects.



Fly Ash and Ceramic Microsphere Market Challenges



Restriction in the burning of coal due to rise in environmental problems

Coal is a natural resource, and it takes million of years to form. The rise in burning of coal in power plant for the traditional way of generating electricity has now became a concern because of rise in air pollution and diseases followed by it. There is rise in demand for the usage of renewable energy resources such as wind, solar, water to protect the environment. Many countries have stopped their coal power plant which in turn has decreased the production of fly ash and decrease in the availability of raw material for fly ash and ceramic microsphere industry.



Fly Ash and Ceramic Microsphere Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Fly Ash and Ceramic Microsphere Market. Major players in the Fly Ash and Ceramic Microsphere Market are Zhengzhou Hollowlite Materials, Shijiazhuang Horse Building Materials, Shanghai Yisong, Jiahui, Hebei Tongxing, Hebei Celia Minerals, Xingtai Qianjia, Hebei Hongye, Yanbian Yunming, CenoStar, Ceno Technologies, Cenosphere India Pvt, Hongtai, Omya Fillite, Ash Tech, Reslab, Durgesh Merchandise, Wolkem Omega Minerals India, Envirospheres and Others.



Acquisitions/Technology Launches/ Product Launches

In March 2020, Boral Limited acquired Headwaters Inc. The acquisition will double the revenue of the Boral USA division, bringing it up to a combined total of more than $USD1.8 billion ($AUD2.4 billion). Headwaters has two core divisions: building products – including stone, roofing, siding, trimboard and windows – and construction materials. It will strengthen the business segment and geographical expansion of Boral Limited.



Key Takeaways

Asia Pacific dominates the Fly Ash and Ceramic Microsphere Market owing to rapid increase in building and construction Industry.

The market drivers and restraints have been assessed to understand their impact over the forecast period.

The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.

The other key areas of focus include the various applications and end use industry in Fly Ash and Ceramic Microsphere Market and their specific segmented revenue.

Due to the COVID-19 pandemic, most of the countries have gone under temporary shutdown, due to which operations of Fly Ash and Ceramic Microsphere Market related industries has been negatively affected, thus hampering the growth of the market.



Related Reports:



A. Cenospheres Market

https://www.industryarc.com/Report/15527/cenospheres-market.html



B. Green Cement Market

https://www.industryarc.com/Research/Green-Cement-Market-Research-502843



For more Chemicals and Materials Market reports, please click here



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IndustryARC

Venkat Reddy

(+1) 970-236-3677

venkat@industryarc.com

Source: EmailWire.Com

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