Rice Husk Ash Market Size

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.