Global Rice Husk Ash Market to grow with a CAGR of 5.6% during the forecast period 2017-2024
Global Rice Husk Ash Market By Silica Content (80-84%, 85-89%, 90-94%, greater than 95%), By Silica Extraction Process (Alkaline Extraction, Precipitated Silica Extraction, Mesoporous Silica Extraction, Sol-Gel Method), By Application (Building & Construction, Steel Industry, Ceramics & Refractory, Rubber, Others) – Industry Trends and Forecast to 2024
Global Rice Husk Ash Market accounted for USD 2.0 billion in 2016 and is projected to grow at a CAGR of 5.6% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Definition: Global Rice Husk Ash Market
Rice husk ash (RHA) is a carbon neutral green product which is generated from husk, a byproduct produced by rice mills during milling of paddy which comes from the fields. This rice husk is mostly used as a fuel in the boilers for processing of paddy. Rice husk is also used as a fuel for power generation. There is a growing demand for rice husk ash in building & construction, steel industry, ceramics & refractory and rubber industries, which is expected to be one of the major drivers of the market over the next seven years.
Major Market Drivers:
- Less raw material cost and manufacturing cost
- Use of RHA to produce high purity silica
- Growing demand for eco-friendly fuels
Market Restraint:
- High dependency on the production of rice paddy
The Global Rice Husk Ash Market is segmented on the basis of service type, organization size, and geography.
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The rice husk ash market is segmented on the basis of silica content into 80-84%, 85-89%, 90-94%, and greater than 95%.
On the basis of silica extraction process, the market is segmented into alkaline extraction, precipitated silica extraction, mesoporous silica extraction, sol-gel method.
On the basis of application, the market is segmented into building & construction, silica, steel industry, ceramics & refractory, rubber and others.
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On the basis of geography, the rice husk ash market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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The global rice husk ash market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Some of the major players in rice husk ash market include Usher Agro Ltd., KRBL Ltd., Guru Metachem Pvt. Ltd., Yihai Kerry Investments Co., Ltd., Jasoriya Rice Mill, Rescon (India) Pvt. Ltd., Astrra Chemicals, Agrasen Rice Mill Pvt. Ltd., Agrilectric Power Company, Viet Delta Co., Ltd., J.M. Biotech Pvt. Ltd., Gelex Agro Industrial Co., Ltd., Shreenidhi Bio Agric Extracts, Kothari Bio Fuels, Gia Gia Nguyen Co., Ltd., KGR Agro Fusion (P) Ltd., A.Duraisamy Modern Rice Mill, N K Enterprises, Shree Swastika Rice Mill, Raj Rajeshwari Enterprise, Narender Enterprises, Sree Sellandiamman Rice Mill, Ganapathi Metafluxs, B.D. Agrotech Pvt. Ltd. and many more.
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