04-Oct-2022 | Facts and Factors
According to Facts and Factors, the global fiber cement market size was worth USD 16,924.20 million in 2021 and is estimated to grow to USD 21,291.26 million by 2028, with a compound annual growth rate (CAGR) of approximately 3.90% over the forecast period. The report analyzes the fiber cement market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the fiber cement market.
Fiber cement is a synthetic building and construction material that offers exceptional physical properties such as high toughness and durability. Fiber cement is a lignocellulose reinforced composite material comprised of sand, Portland cement, silica sand, and cellulose fibers. Mainly, its application is in facade and roofing products. Fiber cement products include boards, panels, and partitions and are widely used in civil and commercial construction due to their fire and impact-resistant properties. Fiber cement panels are used for exterior wall cladding, partitions, ceilings, and decorative applications.
Browse the full “Fiber Cement Market Size, Share, Growth Analysis Report By Raw Material (Portland Cement, Silica, Cellulosic Fiber, Others), By Construction Type (Siding, Roofing, Molding & Trim, Others), By End-Use (Residential, Non-Residential), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/fiber-cement-market
The growing demand for reducing the overall carbon footprint from the buildings and construction sector is expected to drive the use of the product. Factors such as rapid urbanization and industrialization in developing countries, booming construction industry, high production of fiber cement products, and the banning of asbestos-cement products are driving the growth of the global fiber cement market. In addition, increased investment in the infrastructure sector creates opportunities for companies to enter the market. However, the shortage of skilled labor in developing countries is hindering the growth of the fiber cement market.
The global fiber cement market has been segmented into raw materials, construction types, end-use, and region. Based on raw materials, the market is segmented into Portland cement, silica, cellulose fiber, and others. Portland cement is expected to dominate the fiber cement market by value and volume in 2021. Based on construction type, the market is segmented into partitions, roofing, moldings & trims, and others. Based on end-user, the global fiber cement market is segmented into residential and non-residential. The non-residential segment will be the dominating segment in the fiber cement market in 2021.
The global fiber cement market is segmented into geographical regions: North America, Latin America, Europe, Asia-Pacific, the Middle East and Africa. Asia-Pacific held the largest market share in 2021. Factors such as the improving global economy, the growth of the construction industry, especially in rapidly developing countries like China and India, huge foreign investments, and awareness of the harmful effects of increasing use of asbestos are expected to drive the regional fiber cement market. In addition, stricter standards regarding using asbestos cement in residential and commercial buildings have forced builders and authorities to look for alternatives. These factors, in turn, drive demand for fiber cement in the Asia-Pacific market.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 16,924.20 Million |
Projected Market Size in 2028 |
USD 21,291.26 Million |
CAGR Growth Rate |
3.90% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
James Hardie Industries PLC, Etex Group NV, Evonik Industries AG, Toray Industries Inc., Compagnie De Saint Gobain SA, CSR Limited, Nichiha Corporation, The Siam Cement Public Company Limited, Plycem Corporation, Cembrit Holding A/S. Marley Eternit Ltd., Elementia, S.A.B de C.V., Thai Olympic Fibre-cement Co. Ltd., Everest Industries Ltd., Mahaphant Fibre Cement Co. Ltd., Equitone, Allura USA, Swisspearl, Beijing Hocreboard Building Materials Co. Ltd., Fry Reglet., and others. |
Key Segment |
By Raw Material, Construction Type, End-Use, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Key players in the global fiber cement market include James Hardie Industries PLC, Etex Group NV, Evonik Industries AG, Toray Industries Inc., Compagnie De Saint Gobain SA, CSR Limited, Nichiha Corporation, The Siam Cement Public Company Limited, Plycem Corporation, and Cembrit Holding A/S. Marley Eternit Ltd., Elementia, S.A.B de C.V., Thai Olympic Fibre-cement Co., Ltd., Everest Industries Ltd., Mahaphant Fibre Cement Co. Ltd., Equitone, Allura USA, Swisspearl, Beijing Hocreboard Building Materials Co. Ltd., and Fry Reglet.
Recent Development:
- October 2021: Nama Chemicals Company has safely completed the scheduled maintenance work for the Hassad Project plants (sub-factories) and commenced plant operation and production.
- June 2019: New through-colored fiber cement cladding board with a sandblasted surface that offers the board a lovely, stone-effect appearance was introduced by Cembrit Holding, called Cembrit Patina Rough fiber cement cladding.
Global Fiber Cement Market is segmented as follows:
By Raw Material
- Portland Cement
- Silica
- Cellulosic Fiber
- Others
By Construction Type
- Siding
- Roofing
- Molding & Trim
- Others
By End-Use
- Residential
- Non-Residential
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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