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Rice Husk Ash Market report also sheds light on supply chains and the changes in the trends of the upstream raw materials and downstream distributors.
NEW YORK, NY, UNITED STATES, July 24, 2023/EINPresswire.com/ — The global market size of rice husk ash reached USD 1.39 billion in 2021 and is projected to achieve a compound annual growth rate (CAGR) of 6.3% during the forecast period. The growth in market revenue is primarily attributed to the rising demand for environmentally friendly construction materials and the increasing awareness of the advantages of utilizing rice husk ash in various applications. Rice husk ash is a by-product obtained from burning the outer layer of rice grains, known as rice husk.
The increasing utilization of rice husk ash as a supplementary cementitious material in the construction sector is a key driver for the market revenue growth. Rice husk ash contains a high amount of silica, which reacts with calcium hydroxide to form calcium silicate hydrate, a crucial component of cement. Consequently, it is an ideal material for concrete production, which is widely employed in the construction industry. Moreover, incorporating rice husk ash into concrete production contributes to a reduction in carbon dioxide emissions, making it an environmentally friendly building material.
Another significant factor propelling the market revenue growth is the growing demand for high-quality silica in industries such as glass manufacturing, ceramics, and refractories. Rice husk ash is an abundant source of amorphous silica, which serves as a raw material in the production of these industries. The global growth of these sectors is expected to drive the demand for high-quality silica, consequently benefiting the rice husk ash market.
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Rice Husk Ash Market Major Companies and Competitive Landscape:
• Silica Power Technology Co., Ltd.
• Yihai Kerry Investments Co. Ltd.
• Agrilectric Power, Inc.
• Guru Metachem Pvt. Ltd.
• Jasoriya Rice Mill
• Kothari Bio Fuels
• Rescon (India) Pvt. Ltd.
• Amalgamated Plantations Pvt. Ltd.
• Noda Corporation
• Agrasen Industries
• Wadham Energy Limited
Furthermore, the agricultural industry's increasing adoption of rice husk ash as a soil amendment is fueling market revenue growth. Rice husk ash contains essential nutrients like potassium, calcium, and magnesium, which are beneficial for plant growth. Additionally, it improves soil structure, leading to enhanced water retention and aeration, ultimately resulting in improved crop yields.
The market revenue growth is further driven by the expanding usage of rice husk ash in the production of various industrial chemicals, including sodium silicate and activated carbon. The unique chemical composition of rice husk ash makes it a suitable raw material for manufacturing these chemicals, which find applications in sectors such as water treatment, pharmaceuticals, and food and beverage.
However, the market growth faces obstacles such as the availability of alternative materials and a lack of awareness regarding the benefits of using rice husk ash in various applications. Additionally, the market is highly fragmented, with numerous small-scale producers, posing challenges to market growth.
In conclusion, the rice husk ash market is anticipated to witness steady growth throughout the forecast period, driven by factors such as the increasing demand for eco-friendly construction materials, rising awareness about the advantages of rice husk ash, and the growing need for high-quality silica in various industries. Nevertheless, the market growth may face challenges due to the availability of alternative materials and a lack of awareness regarding the benefits of rice husk ash in diverse applications.
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Segments covered in the report:
Segments covered by Product Outlook, Application Outlook, Regional Outlook
By Type Outlook
• Silica
• Sodium
• Others
By Application Outlook
• Building & Construction
• Steel Industry
• Ceramics & Refractory
• Rubber Industry
• Others
Regional Outlook
• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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