Report : Europe Fly Ash Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Type F and Type C) and Application (Cement and Concrete, Block and Brick, Mining, Road Stabilization, Fills and Embankments, Waste Stabilization, and Others)
Others Segment to Dominate Europe Fly Ash Market During 2021–2028
According to a new market research study on “Europe Fly Ash Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 4,479.72 million by 2028 from US$ 3,365.01 million in 2021. The market is estimated to grow at a CAGR of 4.2% from 2021 to 2028. The report provides trends prevailing in the Europe fly ash market along with the drivers and restraints pertaining to the market growth. Surging growth in construction industry and rising use of fly ash for various applications are the major factor driving the growth of the Europe fly ash market. However, less awareness about the benefits or potential uses of fly ash hinders the growth of Europe fly ash market.
The COVID-19 pandemic created a temporary distortion in operation efficiencies of industrial bases in the European market. Due to COVID-19 restrictions, the demand for fly ash and coal declined due to a reduction in energy demand and industrial production in the region. The construction industry has faced many challenges in terms of the availability of construction materials. The supply networks for building materials have also been disrupted. However, the rising demand for fly ash across diverse applications is expected to fuel the growth of the Europe fly ash market during the forecast period.
The Europe fly ash market is segment based on type, application, and country. The Europe fly ash market is segmented on the basis of type, into type F and type C. The type c segment dominated the Europe fly ash market in 2020 and same segment is expected to be fastest growing during forecast period. Based on application, the Europe fly ash market is segmented into cement and concrete, block and brick, mining, road stabilization, fills and embankments, waste stabilization, and others. The others segment dominated the Europe fly ash market in 2020 and cement and concrete segment is expected to be fastest growing during forecast period. Based on country, the market is segmented into the UK, Germany, France, Italy, Netherlands, and rest of Europe.
Aceton Industries, LLP; Ashtech India Pvt. Ltd; CEMEX S.A.B. DE C.V.; and HOLCIM are among the leading companies in the Europe 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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