Global fiber cement Market is expected to grow from US$11.002 billion in 2017 to US$14.230 billion in 2022, growing at a CAGR of 5.28% over the forecast period. Fiber cement is mainly used for the purpose of cladding and roofing. The presence of fiber reinforcement in cement contributes in making strong and long-lasting building and construction material. Fiber cement market is expected to grow at a high rate due to its features such as high durability, strength, and aesthetic properties. Growing construction and other infrastructural activities is one of the key factors for the growth of the fiber cement market. Stringent government regulations against the use of asbestos are also providing new opportunities for the growth of global fiber cement market. Rebounding of the infrastructure sector along with rapid industrialization are further fuelling the demand for fiber cement products. Moreover, emerging design trend in commercial, as well as residential buildings, will augment the demand for fiber cement siding and exterior trim, thereby positively impacting the growth of global fiber cement industry. By application, roofing is projected to witness the fastest growing segment owing to growing world population and thus, escalating residential construction activities worldwide. By end-user, residential sector will surge the demand for fiber cement products due to consumers’ growing interested in home renovation projects.
The demand for fiber cement is significantly rising in North America owing to accelerating building construction industry for which fiber cement products are required as they can withstand harsh climatic conditions. Asia Pacific region, however, is anticipated to grow at the fastest growth rate during the forecast period due to rising economic growth and greater development of infrastructure sector. Factors such as complex installation process and emerging alternatives of fiber cement such as vinyl or aluminum which is cheaper than fiber cement products will restrain the growth of global fiber cement market in the next five years.
The report provides a brief introduction of the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentation which has been covered as part of the report.
This section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Fiber Cement. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Fiber Cement market has been segmented on the basis of material, application end user and Geography as below:
Molding and trim
By End User
Europe Middle East and Africa
Middle East and Africa
Competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Etex Group, James Hardie Industries, Evonik Industries, Compagnie De Saint Gobain, Toray Industries, CSR Limited, The Siam Cement Public Company Limited, Nichiha Corporation, Plycem Corporation, and Cembrit Holding among others.