Market Research Future (MRFR) has published on the “Global Rice Husk Ash Market”.
The Rice husk ash market Market is estimated to register a CAGR of 5% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Rice husk ash market Market— Usher Agro Limited (India), KRBL Ltd (India), Guru Meta Chem (India), Yihai Kerry Investment (China), Jasurya Rice Mill (India), Rescon India Pvt ltd (India), Astra Chemicals (India), J M BIOTECH PVT LTD (INDIA), Global Recycling (India), Refsteel Solutions (India).
Rice Husk Ash Market Highlights
The global Rice husk ash market Market is accounted to register a CAGR of 5% during the forecast period and is estimated to reach USD 3.989 billion by 2032.
The increasing emphasis on sustainable construction practices is driving demand for eco-friendly building materials. RHA, derived from rice production, offers a sustainable alternative to conventional construction materials like cement. Its ability to enhance the strength and durability of concrete while reducing the carbon footprint aligns with global efforts to mitigate the environmental impact in the construction sector.
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Segment Analysis
The global Rice husk ash market Market has been segmented based on silica content, process, product and application.
On the basis of silica content, the market is segmented into 80-84%, 85-89%, 90-94% and Greater than 95%. 80-84% segment was attributed to holding the largest market share in 2023 because of its extensive use in many different sectors, including water treatment, ceramics, and construction.
Based on process, the global Rice husk ash market Market has been segmented into alkaline extraction method for silica gel, participated silica extraction method, mesoporous silica extraction method and silica gel extraction by sol-gel method. The alkaline extraction method for silica gel segment was expected to hold the largest market share in 2023 due to its cost-effectiveness, efficiency, and environmentally friendly nature compared to other extraction methods.
Based on product, the global Rice husk ash market Market has been segmented into nodules, powder and granules. The nodules segment was expected to hold the largest market share in 2023 due to the extensive use of rice husk ash market nodules as a cost-effective and environmentally friendly alternative in the construction industry for applications like lightweight aggregates and insulation materials.
Based on application, the global Rice husk ash market Market has been segmented into building & construction, steel industry, ceramics & refractory and rubber. The building & construction segment was expected to hold the largest market share in 2023 due to the growing demand for sustainable construction materials and the use of rice husk ash market as a supplementary cementitious material in concrete production.
Regional Analysis
The global Rice husk ash market Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Rice husk ash market Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Rice husk ash market Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Rice husk ash market Market comprises the Middle East, Africa, and Latin America.
The North American regional sector maintained the largest market share for rice husk ash market market. This dominance can be attributed to several factors contributing to the region's leadership in the market. Firstly, Stringent environmental regulations promoting sustainable practices encourage the use of RHA as a supplementary material in construction and manufacturing. Growth in the construction sector drives the demand for RHA as a pozzolanic material in concrete, offering improved strength and durability. Increasing awareness about waste management and the utilization of agricultural by-products enhance the adoption of RHA.
Moreover, the European market for rice husk ash market has been persistently growing over the forecast period. Europe has been at the forefront of implementing stringent environmental regulations and sustainability initiatives, driving demand for eco-friendly products and technologies. Utilization of agricultural by-products for value-added applications is driving the rice husk ash market market. European Increasing emphasis on sustainable and eco-friendly materials in construction and manufacturing are encouraging the use of rice husk ash market, fostering market growth.
Asia Pacific is anticipated to experience the quickest growth over the forecast period for rice husk ash market. Asia Pacific is home to some of the world's fastest-growing economies, including China, India, and Southeast Asian countries. High production of rice in countries like India, China, and Thailand results in abundant availability of rice husks, making RHA a cost-effective material. Rapid urbanization and infrastructure projects in developing economies fuel the demand for RHA in construction and road building. Growing emphasis on sustainable and eco-friendly materials boosts the adoption of RHA in various industries.
Furthermore, the rest of the world's Rice husk ash market Market is divided into the Middle East, Africa, and Latin America. The market is influenced by the region's growing construction sector, driven by infrastructure development, urbanization, and government initiatives to diversify economies. Despite the challenges posed by arid climates, the Middle East is increasingly adopting sustainable construction practices, presenting opportunities for RHA utilization in concrete production and other construction applications.
Key Findings of the Study
- The global Rice husk ash market Market is expected to reach USD 3.989 billion by 2032, at a CAGR of 5% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global Rice husk ash market Market. High production of rice in countries like India, China, and Thailand results in abundant availability of rice husks, making RHA a cost-effective material.
- Based on silica content, the 80-84% segment was attributed to holding the largest market in 2023, with an approximate market share of 45–65%.
- Usher Agro Limited (India), KRBL Ltd (India), Guru Meta Chem (India), Yihai Kerry Investment (China), Jasurya Rice Mill (India), Rescon India Pvt ltd (India), Astra Chemicals (India), J M BIOTECH PVT LTD (INDIA), Global Recycling (India), and Refsteel Solutions (India) are the key market players.
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Companies Covered | 15 |
Pages | 128 |
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