Global Rice Husk Ash Market to Witness Growth by a CAGR of ~5% throughout 2022 – 2030
Research Nester published a report titled “Rice Husk Ash Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global rice husk ash market in terms of market segmentation by silica content, application, and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The global rice husk ash market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2022 – 2030. The market is segmented on the basis of
silica content into below 80%, 80-89%, and above 90%, out of which,
the above 90% segment is projected to garner the largest share in the market over the forecast
period owing to its use as additive, filler, and oil adsorbent for the
construction industry and other end-users. The RHA with silica content above
90% is the most demanded rice husk ash for steel industry and construction
sector, which is estimated to boost the segment growth.
The global rice husk ash market is estimated to grow
on the back low cost of raw material and inexpensive production of rice husk
ash. The
presence of high amount of silica in rice husk ash, and its increasing
application in construction is estimated to boost the market growth. Moreover,
the growing construction activities globally, backed by rapid urbanization is
estimated to boost the market growth.
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On the basis of geographical analysis, the
global rice husk ash market is segmented into five major regions including
North America, Europe, Asia Pacific, Latin America and Middle East & Africa
region. The
Asia Pacific region is estimated to witness highest CAGR over the forecast
period, owing to the high cultivation of paddy in the region, along with the
increasing construction activities in developing countries. Use of RHA in
construction can reduce the cost of construction, which is estimated to boost
the market growth in the region.
The research was global in nature and
conducted in North America (U.S., Canada), Europe (U.K., Germany, France,
Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland,
Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin
America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific
(China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia,
New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi
Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of
Middle East and Africa). In addition, areas like Market size, Y-O-Y growth
& Opportunity Analysis, market players competitive study, investment
opportunities, demand for future outlook etc. have been covered and displayed
in the research report to ensure it dives deep to achieve strategic competitive
intelligence in the segment.
Increasing Use of RHA in Construction Sector
to boost the Market Growth
The growing use of rice husk ash in
construction activities, owing the cost reduction capacity of RHA, is estimated
to boost the market growth. It is increasingly being used in low-income
countries as an alternative to cement, which is estimated to further encourage
the market growth over the forecast period.
“The
Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, the high dependance of this market on the paddy cultivation is expected to operate as key restraint to the growth of the global rice husk ash market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global rice husk ash market which includes company profiling of Guru Corporation, Yihai Kerry, Jasoriya Rice Mill, Usher Agro Ltd., Rescon (India) Pvt. Ltd, KRBL Limited, VIET DELTA Corp, The Agrilectric Companies, Agrasen Rice Mill Pvt. Ltd., and Astrra Chemicals. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global rice husk ash market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision in order to avoid future uncertainties.
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