Government in various countries are taking several initiatives to encourage implementation of environment-friendly components such as rice husks in the construction of buildings and complexes. With the growing number of construction projects across countries, demand for rice husk is likely to intensify over the coming years. According to a report added to the database of XploreMR, the global rice husk ash market is expected to register a CAGR of 5.0% during the forecast period, 2017-2025.
Silica Production and Construction of Buildings to Broaden the Scope of Market Growth
In order to comply with the stringent regulations of the government, constructors and manufacturers in various countries are diverting their investments towards utilizing rice husk ash as an alternative to cement. Leading manufacturers are focusing on opting for rice husk ash as an alternative to the cement due to its rough surface properties. Utilizing rice husk ash for the construction of various buildings and complexes will offer resistance to the natural degradation.
Besides construction industry, rice husk ash continues to witness a significant demand for the production of silica in various industries. As rice husk ash consists 60%-805 of the amorphous silica, leading manufacturers in the across industries are utilizing rice husk ash to silica from these components and used for the production in the tire, healthcare, food, coatings and cosmetic industry. Attributed to increasing demand for rice husk ash as an important component in various industries, growth of the rice husk ash market is expected to witness a positive growth during the assessment period.
Demand to Remain Concentrated in the Building & Construction Industry
In-depth insights encapsulated in the report provides crucial information related to the segments identified in the market. The report identified two important segments, which include types and application. On the basis of types, the market is divided as nodule power and granules. Based on types, nodule form accounts for 40% of the market share and is expected to remain a leading segment throughout 2025. On the basis of application, the market is divided as building & construction, steel, ceramics & refractors, silica manufacturing, and others. Based on application, building and construction will continue to represent a leading segment among other applications during the assessment period.
Besides segmentation, the report sections the rice husk ash market in terms of region. On the basis of region, the market is segmented as Latin America, North America, Asia Pacific, Europe, and the MEA. Based on region, Asia Pacific is expected to account for 60% of the market share as it witnessed the largest production of paddy and rice husk in various countries. Crucial insights provided in the report discusses strategies adopted by the major market players in different regions and its impact on the overall market growth.
Adoption of Novel Silica Extraction Technology and Product Development to Underscore Lucrative Growth Opportunities
Valuable perspectives compiled in the report provides important insights on the effective marketing strategies adopted by major market players and its impact on customer purchase journey and important investment decisions of the manufacturers. In-depth insights provided in the report also focuses on offering crucial information related to the novel and innovative technological solutions adopted by leading market players for the extraction of silica from rice husk ash and its use in the construction of buildings. To remain in the forefront of the competitive market, leading market players are concentrating on utilizing rice husk ashes as an important component for eco-friendly production process in various industries.
For instance, a leading market player, Milltech is mainly focused on the extraction of silica from rice husk for application in various industries. The company has adopted a high-efficiency precipitated silica extraction technology that extracts silica from rice husks in batches and offers 2 tons per day silica extraction capacity. Through adoption of innovative and novel technology, leading market players are focusing on improving their position in the competitive market.