Market Overview:
The global Rice Husk Ash Market is projected to reach $3.1 billion by 2030, with a CAGR of 5.2% during the forecast period of 2024 to 2030. Rice husk ash (RHA), a byproduct of rice milling, is used across various industries, particularly in construction as a pozzolan in concrete and a partial replacement for cement. The increasing demand for sustainable and eco-friendly materials in the building and construction industry, coupled with the growing adoption of green concrete solutions, is driving market growth. RHA is also gaining popularity in sectors like ceramics, soil improvement, wastewater treatment, and metallurgy, making it a versatile and environmentally sustainable material.
Regional Insights:
Asia-Pacific (APAC) dominated the Rice Husk Ash Market in 2023, accounting for 43% of the global market share. The region is a major producer of rice, with countries like China, India, and Japan leading the way in both rice production and industrial utilization of RHA in construction and infrastructure projects. The construction boom in the APAC region, along with supportive government initiatives for sustainable development and the use of eco-friendly materials, has fueled the demand for RHA in building and infrastructure projects.
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Scope of the Report:
Recent Developments:
- In June 2023, KRBL announced plans to expand its product portfolio to include non-basmati rice and bran oil, aiming to reach a broader audience in India.
- In January 2023, Global Recycling launched a new, highly durable covering compound, offered at competitive prices in the Asia Pacific region.
Rice Husk Ash Market: Competitive Landscape
The Rice Husk Ash market is competitive, with key players focusing on product innovation, strategic partnerships, and geographical expansion. Major companies include: Usher Agro Ltd., Jasoriya Rice Mill, Rescon Manufacturing Co Private Limited, Guru Corporation, Refratechnik Holding GmbH, Haripriya Agro Industries, Astrra Chemicals, AMJ Overseas, S V Ispat Pvt Ltd, SKF Bio Tech.
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