Data Bridge Market Research analyses that the Fiber Cement Board Market which was USD 10.27 billion in 2022, would rocket up to USD 15.29 billion by 2030, and is expected to undergo a CAGR of 5.1% during the forecast period of 2023 to 2030.
Industry Analysis
The market is booming due to its durability, water resistance, and waterproof nature. Furthermore, increased construction spending will boost demand, particularly in new housing. Fiber cement board use has grown in high-demand residential, commercial, and industrial industries. Furthermore, the rapid expansion of the residential sector is a factor driving market growth.
“Portland Cement” dominates the raw material segment of the fiber cement board market due to its fundamental role as a binding agent in fiber cement board production.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Fiber cement is also known as reinforced fiber cement and is a composite building material which is used in construction. It is generally composed of Portland cement, fine silica (sand), cellulosic material, and other additives. It includes boards, panels, and siding and are extensively used in the construction of residential and commercial buildings due to its fire and impact-resistant properties. They are also used for exterior wall cladding, partition walls, ceilings, and decorative applications. Fiber cement decorative cladding is generally used for rain screen applications, while fiber cement boards are used in corridors, tunnels, hotel lobbies, shopping malls, and residential buildings.
Global Fiber Cement Board Market Scope
The global fiber cement board market is segmented on the basis of raw material, application, end-user, production process and product. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Raw Material
- Portland Cement
- Silica
- Cellulosic Fiber
- Other Raw Material
Application
- Siding
- Roofing
- Molding and Trim
- Trim Wall
- Flooring
- Curtain Walls
- Others
End-User
- Commercial
- Residential
Production Process
- Hatschek Process
- Extrusion Process
- Pertile Process
Product
- High-Density Board
- Medium Density Board
- Low-Density Board
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Global Fiber Cement Board market Regional Analysis/Insights
The global fiber cement board market is analysed and market size insights and trends are provided by raw material, application, end-user, production process and product are referenced above.
The countries covered in the fiber cement board market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
North America will dominate the fiber cement board market due to the accelerating construction expenditure within the region.
Asia-Pacific region had the highest growth rate in the fiber cement board market due to rise in economic growth and greater development of infrastructure sector, rapid urbanization, increasing industrialization, migration, and growing economies within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Fiber Cement Board Market Share Analysis
The global fiber cement board market competitive landscape provides details by competitors. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the company’s focus related to the global fiber cement board market.
Some of the major players operating in the global fiber cement board market are:
· James Hardie Europe GmbH (Australia)
· Etex Group (Belgium)
· Cembrit Holding A/S (Denmark)
· SHERA (Thailand)
· Soben International (Asia Pacific)
· SCG (Thailand)
· Biele Group (Spain)
· LATONIT (Russia)
· NICHIHA (Japan)
· Everest Industries Ltd (India)
· Toray Industries Inc. (Japan)
· Allura (U.S.)
· CSR Limited (Australia)
· Etex Group (Belgium)
· Toray Industries Inc. (Japan)
· American Fiber Cement Corporation (U.S.)
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MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Segmentation
Ø Chapter Three: Market Overview
Ø Chapter Four: Executive Summary
Ø Chapter Five: Premium Insights
Ø Chapter Six: Global Fiber Cement Board Market by Product & Procedure type
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