NEW YORK, April 5, 2016 /PRNewswire/ -- "Global rice husk ash market projected to grow at a CAGR of 5.15%"
The global rice husk market is projected to reach USD 2.42 billion by 2020, at a CAGR of 5.15% from 2015 to 2020. Increasing demand for light weight construction material from the building & construction industry and the growing number of various end user industries are factors driving the global rice husk ash market.
"Building & construction is the leading application segment of the global rice husk ash market"
Among applications, the building & construction segment is projected to lead the global rice husk ash market from 2015 to 2020. The market for this segment is expected to grow at the highest CAGR during the forecast period. The growth of this application segment can be attributed to increased demand for light weight construction material from the building & construction industry.
"Asia-Pacific leads the global rice husk ash market, in terms of consumption"
In terms of consumption, the Asia-Pacific region is the leader in the global rice husk ash market and this dominance is expected to continue during the forecast period as well. The Asia-Pacific rice husk ash market is projected to grow at the second highest CAGR from 2015 to 2020. Continuously growing population and increasing income levels, coupled with the strong economic growth of emerging economies, such as India and China, are major factors fueling the growth of the Asia-Pacific rice husk ash market.
Profile break-up of primary participants in this report:
- By Company Type - Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
- By Designation – C-level – 35%, Director-level – 25%, and Others – 40%
- By Region – North America - 45%, Europe – 20%, Asia-Pacific – 30%, RoW – 5%
This study estimates the size of the global rice husk ash market during the forecast period, 2015 to 2020. As a part of quantitative analysis, the study segments the global rice husk ash market at regional level, with the current market estimation and forecast till 2020. Major regions covered in this report include Asia-Pacific, North America, South America, Europe, and RoW. By application, the global rice husk ash market is classified into building & construction, steel industry, ceramics & refractory, rubber, and others.
Further, as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by the key market players, such as Guru Metachem Pvt. Ltd., Yihai Kerry, Jasoriya Rice Mill, Usher Agro, Astra Chemicals, Wadham Energy Limited Partnership, Agrilectric Power, and Rescon (India) Pvt. Ltd., among others.
With the given market data, MarketsandMarkets also offers customizations as per specific needs of the companies.
Reasons to buy this report:
This report covers the following key aspects:
- What will be the market size by 2020 and what will be the growth rate
- What are the key market trends
- What is driving the global rice husk ash market
- What are the challenges that impact growth of the global rice husk ash market
- Who are the key players in the global rice husk ash market
- The report covers global rice husk ash market for key regions, such as Asia-Pacific, North America, Europe, South America, and RoW
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