Cement and Concrete Segment is Expected to be Fastest Growing During Forecast Period for MEA Region   

According to a new market research study on “MEA Fly Ash Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 777.11 million by 2028 from US$ 614.31 million in 2021. The market is estimated to grow at a CAGR of 3.4% from 2021 to 2028. The report provides trends prevailing in the MEA fly ash market along with the drivers and restraints pertaining to the market growth. Initiatives for fly ash utilization and rising inclination towards sustainable and green construction are the major factor driving the growth of the MEA fly ash market. However, lack of awareness about the benefits or potential uses of fly ash hinders the growth of MEA fly ash market.

In the MEA region, South Africa and Israel are among the major countries with a high number of COVID-19 confirmed cases and deaths. The MEA region comprises many growing economies, which are prospective markets for fly ash vendors. The pandemic has significantly slowed down the growth of the fly ash market in the region. The construction industry in the region was facing many challenges, including delays in raw material, much fewer projects, and new restrictions on how laborers could operate on a construction site. The pandemic has disrupted various construction activities in the region. However, the various construction activities are expected to return, with many construction projects in the pipeline.

The MEA fly ash market is segment based on type, application, and country. The MEA fly ash market is segmented on the basis of type, into type F and type C. The type c segment dominated the MEA fly ash market in 2020 and same segment is expected to be fastest growing during forecast period. Based on application, the MEA fly ash market is segmented into cement and concrete, block and brick, mining, road stabilization, fills and embankments, waste stabilization, and others. The cement and concrete segment dominated the MEA fly ash market in 2020 and same segment is expected to be fastest growing during forecast period.  Based on country, the market is segmented into South Africa, Saudi Arabia, the U.A.E, Ghana, Jordan, Qatar, Kenya, Bahrain, Tanzania, Oman, and rest of MEA.    

Aceton Industries, LLP; Ashtech India Pvt. Ltd; CEMEX S.A.B. DE C.V.; and HOLCIM are among the leading companies in the MEA 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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