The objectives of this study are to identify the physical, chemical and microstructural properties of coal fly ash and to increase the industrial use of coal fly ash. Experimental results show that 3 major constituents of coal fly ash are $SiO_2$, $Al_2O_3$ and coal fly ash includes the crystalline of Quartz and Mullite. Coal fly ash are classified into 7 groups based on the type of microstructure. Cenosphere is divided into floater and dry separated cenosphere which are consist mainly of $SiO_2$ and $Al_2O_3$. Cenosphere segregations are formed by adsorption and neck growth of the smaller sized cenosphere particles on the condition of the high temperature and air pressure.