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Fly Ash And Ceramic Microsphere Market - Forecast(2023 - 2028)
Fly Ash and Ceramic Microsphere Market Overview
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.
Report Coverage
The report: “Fly Ash and Ceramic Microsphere Market - Forecast (2021-2026)”, by
IndustryARC, covers an in-depth analysis of the following segments of the Fly
Ash and Ceramic Microsphere Industry.
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.
Figure: Fly Ash and Ceramic Microsphere Market Revenue, 2020-2026 (US$ Million)
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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.
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.
Fly
Ash and Ceramic Microsphere Market
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
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.
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