Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.64 Billion | USD 3.93 Billion | 4.5% | 2023 |
The global Rice Husk Ash market size accrued earnings worth approximately USD 2.64 Billion in 2023 and is predicted to gain revenue of about USD 3.93 Billion by 2032, is set to record a CAGR of nearly 4.5% over the period from 2024 to 2032.
Rice husks are tough protective outer coatings of rice grains. It protects the grains during their growing season. Rice husk ash is a major source of amorphous silica, which can be used in various applications such as high-performance concrete, refractory, and ceramic tiles. Its absorbent and isolating effects are useful for many industrial applications such as the use of building materials as a reinforcing agent.
Rice husk ash has a wide range of applications because it constitutes a high amount of silica. The significant use of rice husk ash in the construction of lightweight materials, which are used heavily in the construction of durable cement and strong-fit concrete has been a major growth driving for the rice husk ash market. The increasing use of rice husk ash in road construction activities, as fuel for boilers, and to manufacture ceramic tiles is anticipated to boost the global rice husk ash market. However, the availability of sources of rice husk ash in regions, where rice husk is not produced, will be a restraint for the global rice husk ash market in some regions. In addition, the ash produced from rice husks will create challenges related to proper ash disposal, in turn harming the environment.
The market for rice husk ash (RHA) has multiple opportunities since it has been endowed with unique characteristics and potential applications. The important issues that need to be explained comprise:
1. Construction Industry
2. Agriculture
3. Industrial Applications
4. Environmental Benefits
5. Energy Production
6. Research and Development
7. Geographical Opportunities
The market for rice husk ash should grow in leaps and bounds, with the applications of sustainable and eco-friendly materials taking the center stage.
Report Attributes | Report Details |
---|---|
Report Name | Rice Husk Ash Market |
Market Size in 2023 | USD 2.64 Billion |
Market Forecast in 2032 | USD 3.93 Billion |
Growth Rate | CAGR of 4.5% |
Number of Pages | 203 |
Key Companies Covered | KRBL Ltd., Yihai Kerry Investments Co., Ltd., Rescon (India) Pvt. Ltd., Agrasen Rice Mill Pvt. Ltd., Viet Delta Co., Ltd., Usher Agro Ltd., Guru Metachem Pvt. Ltd., Jasoriya Rice Mill, Astrra Chemicals, Agrilectric Power Company, and J.M. Biotech Pvt. Ltd. |
Segments Covered | By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global rice husk ash market is classified into product type, application, and region.
By product type, the global rice husk ash market is segmented into nodules, powder, and granules.
By application, the global rice husk ash market is segmented into building & construction, Iron and steel, ceramics & refractories, silica manufacturing, and others. Rice husk ash demand, in construction applications, is increasing due to its low costs and compliance with regulatory environmental regulations proposed by various governmental authorities.
Regional Analysis
The Asia Pacific held the largest market share of the global rice husk ash market. As the Asia Pacific is the largest source of rice paddy that generates rice husk, and this has been a major growth driving factor for the global rice husk ash market. Furthermore, the rice husk ash market is anticipated to increase in developed regions such as North America and Europe. The increasing investment in deriving biomass and developing green technologies is likely to boost the growth of the rice husk ash market in the North American region. Increased investments in research and innovation to develop new rice husk ash applications will open up promising market opportunities in Europe.
Some of the key players in the rice husk ash market include
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