Rice Husk Ash Market: Introduction
Transparency Market Research delivers key insights on the global rice husk ash market. In terms of revenue, the global rice husk ash market is estimated to expand at a CAGR of 5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecast in its report on the global rice husk ash market.
The global rice husk ash market is broadly affected by several factors, including increase in usage of rice husk ash in various application such as building & construction, steel, ceramics & refractories, silica manufacturing, and others. Rise in global demand for building & construction has led to a significant increase in usage of rice husk ash. Increase in production and demand for building & construction application is expected to be the primary driver of the global rice husk ash market. The growth in demand for building & construction applications is propelling the rice husk ash market.
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Rice Husk Ash Market: Dynamics
Rice husk ash (RHA) is a product obtained from burning rice husk or hull. Rice husk is an ideal source for electricity generation, which is used in different industries. Rice husk is around 20% of the paddy and 25% of the husk is the ash obtained after burning rice husk. The rice husk ash contains high content of silica. Based on the temperature used for energy generation, nodules and granules of rice husk ash is obtained. Nodules and granules of rice husk ash is further processed to form powder form of rice husk ash.
Rice husk ash is used in several applications due to its unique properties. However, not all the rice husk ash, is used at a commercial scale due to lack of awareness. Less than half of the available rice husk ash is utilized by the end users and remaining is either discarded or used domestically for household purposes. Rice husk ash is used in different applications such as building & construction, steel, ceramic & refractory, silica manufacturing, etc.
The global building & construction segment is expected to expand considerably during the forecast period. Thus, rise in production of building & construction is projected to boost the demand for rice husk ash during the forecast period.
Manufacturers are focusing on building & construction, as the share held by this segment in the rice husk ash market is likely to increase during the forecast period.
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Rice Husk Ash Market: Prominent Regions
Asia Pacific holds the major share of the global rice husk ash market. The market in the region is anticipated to expand at a CAGR of more than 5.2% during the forecast period. Increase in demand for rice husk ash in various application such as building & construction, steel, and ceramic & refractory is driving the rice husk ash market in Asia Pacific. China is a key country of the rice husk ash market in Asia Pacific. It held significant share of the rice husk ash market in Asia Pacific in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.
Europe is also a prominent region of the global rice husk ash market. Germany led the rice husk ash market in Europe in 2020. Increase in demand rice husk ash in as building & construction and steel is driving the market in Germany.
Rice Husk Ash Market: Major Players
The global rice husk ash market is consolidated with the presence of key players. Prominent players operating in the global rice husk ash market include Yihai Kerry Investments Co., Ltd., Refratechnik Italia S.r.L , Wadham Energy Limited Partnership, Usher Agro Limited, Torftech, Agrilectric Power, KIYU New Material Co., Ltd , Agrino, Jasoriya Rice Mill Pvt. Ltd., etc.
Global Rice Husk Ash Market: Segmentation
Rice Husk Ash Market, by Form
- Nodules
- Powder
- Granules
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Rice Husk Ash Market, by Application
- Building & Construction
- Steel
- Ceramics & Refractories
- Silica Manufacturing
- Others
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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