Asia Pacific region holds the largest market share and growth in the Rice Husk Ash Market and is anticipated to reach $540.29 million by 2023 at a CAGR of 6%.
HYDERABAD, TELANGANA, INDIA, June 13, 2018 /EINPresswire.com/ — According to the new market research report by IndustryARC titled “Rice Husk Ash Market: By Application (Building & Construction, Ceramics & Refractory, Rubber, Steel industry and others) & By Geography – (2018-2023)”, the market is driven by the Increasing production activities in the oil and gas industry that has led to the growth of Rice Husk Ash market across the globe.
APAC held the largest market share and growth rate in the Rice Husk Ash Market
Asia Pacific region holds the largest market share and growth in the Rice Husk Ash Market, and is anticipated to reach $540.29 million by 2023 at a CAGR of 5.77%. This region is favorable owing to the large economic developments in China and other developing countries. All the major global players have established their operations in this region. The key applications in this region include Steel industry and Rubber among others.
Selected Value Chain Analysis done in the full report
Rice milling generates rice and a by-product which is husk.In this process, 78% of the product is rice and remaining 22% of husk is obtained. In this husk, again 75% is used as a fuel in the boilers for processing paddy and producing energy through direct combustion or by gasification. The remaining 25% of husk is converted into ash through burning and is known as Rice Husk Ash (RHA). This RHA in turn contains around 85% – 90% amorphous silica. The process involved in converting rice husk to rice husk ash are discussed below.
Rice husk is of low density and unusual shape, hence it poses storage and transportation challenges. It is usually ground and packed in PP bags, or in powder format in lined bags. These bags are transported to rice husk ash processing plants, and unloading takes place through closed bucket or suction.
The rice husk which is supposed to be transformed into Rice Husk Ash, is firstly heated in an oven at 60 degrees Celsius for two hours. After heating, it is dissolved in concentrated hydrochloric acid solution for two minutes.
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Excerpts on Market Growth Factors
In Canada, change in the course of economic policy has removed barriers of imports into the country, thus generating significant expectations for construction sectors to grow. This is set to drive the market in the country in coming years.
In Germany, RHA is useful in the production of low cost building blocks and high quality cement. Increasing construction industry in this country will drive the RHA market.
In UK, growth in the construction industry is set drive the Rice Husk Ash (RHA) market in near future.
The market for RHA in building and constructions market is set to see an upsurge due to the growing environmental concerns and enhanced performance because of the use of RHA in constructions. The market revenue is poised to reach $326.24 million till 2021, growing at a CAGR of 5.30% during the forecast period.
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Key players of Rice Husk Ash Market:
KRBL Ltd. is the leading player in RHA market. The company being pioneer in manufacturing RHA for all major segments like construction, steel as well as fuel has remained the dominant player with constant product launches and developments.
The next leading players include usher Agro Ltd., AC2N Thailand, VIET DELTA CORP and others. Although these players hold minimal share in the overall market, they continue to be the major players among the vast number of manufacturers existing in the market, due to the constant R&D investments and endeavors to build new technologies.
The key factor that has augmented the growth of top players in this highly competitive market is their low price and adaptability to suit the customer requirements.
Rice Husk Ash Market Report is segmented as indicated below
Rice Husk Ash Market By Type:
Building & Construction
Ceramics & Refractory
Rice Husk Ash Market By Geography (Covers 16 + Countries)
Rice Husk Ash Market By Entropy
1.GIA GIA NGUYEN CO., LTD.
3.JASORIYA RICE MILL
4.SHREENIDHI BIO AGRIC EXTRACTS.
5.DEELERT INTERTRADE CO.
9.Company 9Rice Husk Ash Market is anticipated to hit $1.38 billion by 2023 at a CAGR of 5.31%
A.Specialized Cement Market
B.Oilfield Cement Additives Market
What can you expect from the report?
The Rice Husk Ash Market is Prepared with the Main Agenda to Cover the following 20 points:
1.Market Size by Product Categories
6.Top 10 End user Analysis
9.Mergers & Acquisition Analysis
11.Demand Analysis (By Revenue & Volume)
12.Country level Analysis (15+)
14.Market Shares Analysis
15.Value Chain Analysis
16.Supply Chain Analysis
18.Current & Future Market Landscape Analysis
20.Revenue and Volume Analysis
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Source: EIN Presswire