Rice Husk Ash Market size was valued at USD 2.57 billion in 2023 and is poised to cross USD 4.5 billion by 2036, registering more than 4.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of rice husk ash is estimated at USD 2.66 billion. The growth of the market can be attributed to the high surface area, porous nature, and lightweight of rice husk ash or RHA, which makes it useful for construction, steel industry and other applications. The growing adoption of RHA as an additive for concrete in construction industry instead of fly ash, along with the increasing production of concrete, and other chemical-based additives is estimated to further boost the market growth. Globally, in the year 2020, over 3.9 billion metric tons of concrete was produced. The use of RHA can reduce the overall construction cost, which is also estimated to fuel its demand. In addition to this, the cost of rice husk ash is very low, and the raw material is also inexpensive, which is estimated to increase the demand for RHA amongst various end-users. The presence of high contents of silica is also estimated to boost the market growth as it can be used to produce high purity silica.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
4.4% |
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Base Year Market Size (2023) |
USD 2.57 billion |
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Forecast Year Market Size (2036) |
USD 4.5 billion |
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Regional Scope |
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The global rice husk ash market is segmented by silica content into below 80%, 80-89%, and above 90%, out of which, the above 90% segment is anticipated to hold the largest share in the market over the forecast period on account of increasing use of RHA with 90% silica as a filler, concrete additive, abrasive agent, oil adsorbent, as a suspension agent for porcelain enamels, and sweeping component amongst various end-user industries. On the basis of application, the market is segmented into construction, steel industry, rubber, and others, out of which, the construction segment is expected to witness significant growth over the forecast period, owing to the increasing construction activities on a global level, along with growing use of RHA as a replacement of concrete for making low-cost building blocks.
Our in-depth analysis of the global market includes the following segments
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By Silica Content
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By Application |
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APAC Market Statistics
On the basis of geographical analysis, the global market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific is estimated to account for largest revenue share by 2036, on the back of ample availability of raw material for RHA industry in this region, backed by the high paddy cultivation practices in India, China, Japan, and Sri Lanka.
The market in the Latin America is also estimated to witness notable growth by the end of 2030, on the back of rising paddy cultivation along with increasing demand for low-cost construction
Author Credits: Rajrani Baghel
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