The global market for Rice Husk Ash stood at US$ 1.06 Bn and is expected to grow at a CAGR of 5% in terms of value to reach US$ 1.64 Bn by 2025.
Albany, NY -- (SBWIRE) -- 02/12/2018 -- Market Research Hub (MRH) has recently publicized a new study to its wide repository, with the title of "Rice Husk Ash Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025". This 160-page report shows a clear overview of the market, including the drivers that are helping the growth of the market, restraints that are limiting the market and new trends that are following the global rice husk ash market. This in-depth analysis of the market includes market forecast for the year 2017-2025 while considering 2016 as the base year. In terms of geography, the report analyzes current and forecast demand for Rice Husk Ash in the Asia Pacific, Europe, North America, Latin America, and Middle East & Africa regions.
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Rice husk is mainly a product obtained from burning rice husk, which is the outer covering of rice harvested from a paddy field. This rice husk is generally used as a fuel in the reservoirs for processing of paddy. Currently, Rice husk is an ideal source for electricity generation which is used in different industries. Among various applications, Building & construction accounts for the maximum market share followed by steel, ceramic & refractories, silica manufacturing and others.
The researchers found that the global market for RHA stood at US$ 1.06 Bn and it is further expected to grow at a CAGR of 5% in terms of value to reach US$ 1.64 Bn by 2025. On the other hand, among the key regional segments mentioned in the study, Asia Pacific held lead in the global rice husk ash market. The region is the largest producer of paddy and generates rice husk ash in significant account. In addition, the demand for rice husk ash is likely to remain considerably high among developed regions.
Major Insights from the Study
At present, global husk ash market shows how the growth in the market is encouraging new businesses to enter the industry and how is it affecting the existing businesses in the market. The report includes brief profiling of the major players in the market that shows their strategies and potential. At present, key players involved in the market include Agro Ltd, Agrisil Holding., Energy Limited Partnership, Wadham Yihai Kerry Investments Co. Ltd., Agrilectric Power, Refratechnik Italia S.r.L and Jasoriya Rice Mill Pvt. Ltd.
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It has been analyzed that RHA is used in several applications due to its unique properties. Though, not all the RHA is used at a commercial scale due to lack of awareness. Major applications of rice husk ash include steel, silica manufacturing, ceramics & refractories, building & construction and others. Silica is present in rice husk ash in large content, which makes silica extraction relatively economical.
The global market has been further analyzed on the basis of nodules, powder and granules. Amongst, Nodule form of RHA occupies the major market share with more than 40% share globally.
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