Fiber Cement Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 18.55 Billion
CAGR (2026-2031)	4.35%
Fastest Growing Segment	Non-Residential
Largest Market	Asia Pacific
Market Size (2031)	USD 23.95 Billion

Market Overview

The Global Fiber Cement Market will grow from USD 18.55 Billion in 2025 to USD 23.95 Billion by 2031 at a 4.35% CAGR. Fiber cement is a composite building material manufactured from a reinforcement of cellulose fibers, cement, sand, and water, primarily utilized for exterior siding, roofing, and tiling. The market is fundamentally driven by the material's exceptional durability, resistance to fire and pests, and ability to withstand severe weather conditions, which distinguishes it from traditional wood or vinyl alternatives. Furthermore, the increasing regulatory pressure to replace asbestos-based products and a shift toward sustainable construction practices support its adoption. These functional necessities act as the primary engines for growth, independent of transient aesthetic preferences.

One significant challenge impeding broader market expansion is the high installation cost associated with the material's heavy weight and the requirement for specialized labor. This complexity often directs cost-conscious projects toward cheaper, lighter alternatives. According to the National Association of Home Builders, in 2024, fiber cement siding constituted 23% of the principal exterior wall materials in new single-family home starts. This figure underscores the material's substantial market presence despite the competitive pressure from lower-cost siding options.

Key Market Drivers

Rapid expansion of global residential construction activities serves as the primary catalyst for the fiber cement market, particularly in the siding and renovation sectors. As housing starts recover and homeowners invest in durable exterior upgrades, the demand for fiber cement products has surged due to their longevity and aesthetic versatility compared to vinyl or wood. This volume-driven growth is evident in the performance of major industry players who are capitalizing on the resilience of the repair and remodel segment. According to James Hardie Industries, May 2025, in the 'Fourth Quarter and Fiscal Year 2025 Results', the company reported a North America fiber cement sales volume of 741 million standard feet for the quarter, highlighting the substantial material uptake in residential projects. To support this expanding footprint, market leaders are aggressively scaling operations through strategic consolidation; for instance, according to Saint-Gobain, February 2025, the company finalized four strategic acquisitions over the previous 12 months totaling €5 billion, including the purchase of major fiber cement manufacturer CSR Limited.

Escalating demand for fire-resistant and non-combustible materials is the second critical driver, fundamentally reshaping product adoption in climate-sensitive regions. With the increasing frequency of wildfires and stricter building safety codes, insurers and regulators are mandating materials that offer superior fire protection, disadvantaging traditional combustible cladding. This regulatory and environmental pressure is forcing a rapid transition toward fiber cement in vulnerable zones. According to Green Builder Media, August 2025, in the article 'Noncombustible Siding Helps Harden Home Against Wildfire', approximately 45 million homes in the U.S. are now located in the Wildland-Urban Interface (WUI), a statistic that underscores the critical market potential for fire-hardened exterior solutions. This shift is not merely a preference but a functional necessity, ensuring that fiber cement remains a preferred choice for resilient construction in high-risk areas.

Download Free Sample Report

Key Market Challenges

The primary impediment to the growth of the Global Fiber Cement Market is the elevated installation cost resulting from the material's substantial weight and the requirement for specialized labor. Fiber cement offers superior durability but demands careful handling and specific cutting tools during application, which complicates the installation process compared to lighter alternatives like vinyl. This necessity for precision and additional manpower significantly raises total project expenditures, causing developers of budget-sensitive residential projects to substitute fiber cement with more affordable and easier-to-install siding options.

The impact of these installation complexities is intensified by a persistent lack of qualified tradespeople in the construction sector, which limits the availability of crews capable of handling such heavy materials. According to the Associated General Contractors of America, in 2024, 94% of construction firms with open craft positions reported difficulty in filling them. This acute labor shortage enables skilled installers to demand higher wages, further inflating the final cost of fiber cement applications. Consequently, the market struggles to expand its footprint in cost-driven segments where immediate affordability is often prioritized over functional resilience.

Key Market Trends

The Global Fiber Cement Market is witnessing a decisive shift toward low-carbon and recycled raw material formulations. Manufacturers are increasingly substituting virgin ingredients with industrial by-products and recycled cellulose fibers to lower the embodied carbon of their boards and meet stringent green building certifications. This formulation evolution addresses environmental mandates distinct from the functional fire-resistance demands driving standard adoption. By optimizing material composition, companies reduce landfill waste and production costs while appealing to eco-conscious developers. According to Etex, April 2025, in the '2024 Annual Report', the company achieved 8.6% recycled input across its product technologies, reflecting a 10% improvement compared to the previous year, underscoring the industry's commitment to circular manufacturing.

Concurrently, the market is undergoing a strategic expansion into prefabricated and modular construction sectors. To circumvent high installation costs and acute labor shortages characterizing on-site siding application, developers are turning to offsite manufacturing where fiber cement’s durability is maximized in controlled environments. This integration allows for the efficient application of large-format panels and pre-cut cladding solutions, significantly reducing project timelines and waste. The growth of this construction method presents a critical opportunity for high-volume fiber cement utilization. According to the Modular Building Institute, July 2025, in the '2025 US Permanent Modular Construction Annual Report', the U.S. modular construction market reached approximately $20.3 billion in 2024, highlighting the substantial scale of this emerging channel for fiber cement products.

Segmental Insights

Leading industry analysis identifies the Non-Residential segment as the fastest-growing category within the Global Fiber Cement Market. This accelerated expansion is primarily driven by stringent fire safety and environmental regulations enforced by entities such as the International Code Council, which mandate non-combustible, asbestos-free materials for commercial and industrial structures. Consequently, developers are rapidly adopting fiber cement for factories, warehouses, and office complexes to ensure code compliance and enhanced durability. Furthermore, the material's exceptional weather resistance and low maintenance requirements offer a superior long-term return on investment, making it the preferred choice for modern commercial infrastructure projects globally.

Regional Insights

Asia Pacific maintains a leading position in the Global Fiber Cement Market due to extensive infrastructure development and rapid urbanization in emerging economies such as China and India. The region benefits from a robust construction sector that increasingly utilizes fiber cement for its durability and weather resistance in residential and commercial projects. Furthermore, strict government regulations restricting the use of asbestos have accelerated the transition toward fiber cement as a safer, compliant alternative for siding and roofing. Accessible raw materials and expanding manufacturing capacities allow local producers to meet this rising demand efficiently, thereby sustaining regional market dominance.

Recent Developments

In September 2024, Nichiha USA launched NichiHome, a new comprehensive residential cladding system designed to simplify the specification and installation process for builders and architects. This all-in-one building envelope solution integrates three of the company's distinct product lines—Architectural Wall Panels, Premium Siding, and NichiProducts—into a cohesive offering that enables diverse aesthetic styles ranging from traditional wood looks to modern concrete and brick textures. The system features built-in rainscreens for moisture management and a hidden clip installation method, providing a durable and resilient exterior that meets high-performance standards against severe weather.
In March 2024, Etex announced the completion of its acquisition of the plasterboard and fiber cement businesses of BGC, an Australian construction materials company. This strategic expansion allows Etex to secure a top-three position in the fiber cement market in Australia and New Zealand, adding significant production capacity with a plant in Western Australia and a network of nine warehouses. The deal, which covers activities that generated AUD 155 million in full-year sales for 2023, reinforces Etex's portfolio of sustainable lightweight construction solutions and broadens its commercial footprint in the Asia-Pacific region.
In February 2024, Saint-Gobain entered into a definitive agreement to acquire all outstanding shares of CSR Limited, a leading Australian building products company, at an offer price of A$9.00 per share in cash. This transaction, which values CSR at an enterprise value of approximately A$4.5 billion, is a strategic move to establish a leading presence in the high-growth Australian light and sustainable construction market. The acquisition includes CSR’s well-established building products portfolio, such as the Cemintel fiber cement brand, which complements Saint-Gobain’s existing worldwide solutions.
In February 2024, James Hardie Building Products Inc. showcased its latest innovations in fiber cement siding and exterior design solutions at the NAHB International Builders' Show in Las Vegas. The company highlighted its commitment to "Building a Better Future for All" by displaying products engineered for specific climates, including the Hardie Artisan Lap siding which offers distinctive thick profiles and deep shadow lines. During the event, the manufacturer also featured its inaugural "Color of the Year," Mountain Sage, designed to bridge the gap between indoor and outdoor environments with a mood-boosting, natural aesthetic for residential exteriors.

Key Market Players

James Hardie Industries plc
Etex Group
Saint-Gobain S.A.
Cembrit Holding A/S
NICHIHA Corporation
Toray Industries Inc.
SCG Building Materials Co., Ltd.
Everest Industries Limited
Hume Cemboard Industries Sdn Bhd
Soben International Ltd.

By Material	By Application	By End-use	By Region
Portland Silica Cellulosic and Others	Siding Roofing Cladding Molding & Trimming and Others	Residential and Non-Residential	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Fiber Cement Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Fiber Cement Market, By Material:

Portland
Silica
Cellulosic and Others

Fiber Cement Market, By Application:

Siding
Roofing
Cladding
Molding & Trimming and Others

Fiber Cement Market, By End-use:

Residential and Non-Residential

Fiber Cement Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Fiber Cement Market.

Available Customizations:

Global Fiber Cement Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Fiber Cement Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Fiber Cement Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Material (Portland, Silica, Cellulosic and Others)

5.2.2. By Application (Siding, Roofing, Cladding, Molding & Trimming and Others)

5.2.3. By End-use (Residential and Non-Residential)

5.2.4. By Region

5.2.5. By Company (2025)

5.3. Market Map

6. North America Fiber Cement Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Material

6.2.2. By Application

6.2.3. By End-use

6.2.4. By Country

6.3. North America: Country Analysis

6.3.1. United States Fiber Cement Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Material

6.3.1.2.2. By Application

6.3.1.2.3. By End-use

6.3.2. Canada Fiber Cement Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Material

6.3.2.2.2. By Application

6.3.2.2.3. By End-use

6.3.3. Mexico Fiber Cement Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Material

6.3.3.2.2. By Application

6.3.3.2.3. By End-use

7. Europe Fiber Cement Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Material

7.2.2. By Application

7.2.3. By End-use

7.2.4. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Fiber Cement Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Material

7.3.1.2.2. By Application

7.3.1.2.3. By End-use

7.3.2. France Fiber Cement Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Material

7.3.2.2.2. By Application

7.3.2.2.3. By End-use

7.3.3. United Kingdom Fiber Cement Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Material

7.3.3.2.2. By Application

7.3.3.2.3. By End-use

7.3.4. Italy Fiber Cement Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Material

7.3.4.2.2. By Application

7.3.4.2.3. By End-use

7.3.5. Spain Fiber Cement Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Material

7.3.5.2.2. By Application

7.3.5.2.3. By End-use

8. Asia Pacific Fiber Cement Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Material

8.2.2. By Application

8.2.3. By End-use

8.2.4. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Fiber Cement Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Material

8.3.1.2.2. By Application

8.3.1.2.3. By End-use

8.3.2. India Fiber Cement Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Material

8.3.2.2.2. By Application

8.3.2.2.3. By End-use

8.3.3. Japan Fiber Cement Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Material

8.3.3.2.2. By Application

8.3.3.2.3. By End-use

8.3.4. South Korea Fiber Cement Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Material

8.3.4.2.2. By Application

8.3.4.2.3. By End-use

8.3.5. Australia Fiber Cement Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Material

8.3.5.2.2. By Application

8.3.5.2.3. By End-use

9. Middle East & Africa Fiber Cement Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Material

9.2.2. By Application

9.2.3. By End-use

9.2.4. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Fiber Cement Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Material

9.3.1.2.2. By Application

9.3.1.2.3. By End-use

9.3.2. UAE Fiber Cement Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Material

9.3.2.2.2. By Application

9.3.2.2.3. By End-use

9.3.3. South Africa Fiber Cement Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Material

9.3.3.2.2. By Application

9.3.3.2.3. By End-use

10. South America Fiber Cement Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Material

10.2.2. By Application

10.2.3. By End-use

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Fiber Cement Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Material

10.3.1.2.2. By Application

10.3.1.2.3. By End-use

10.3.2. Colombia Fiber Cement Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Material

10.3.2.2.2. By Application

10.3.2.2.3. By End-use

10.3.3. Argentina Fiber Cement Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Material

10.3.3.2.2. By Application

10.3.3.2.3. By End-use

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Fiber Cement Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. James Hardie Industries plc

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Etex Group

15.3. Saint-Gobain S.A.

15.4. Cembrit Holding A/S

15.5. NICHIHA Corporation

15.6. Toray Industries Inc.

15.7. SCG Building Materials Co., Ltd.

15.8. Everest Industries Limited

15.9. Hume Cemboard Industries Sdn Bhd

15.10. Soben International Ltd.

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

What was the market size of the Global Fiber Cement Market in 2025?

Which is the dominating region in the Global Fiber Cement Market?

Which is the fastest growing segment in the Global Fiber Cement Market?

What is the expected growth rate of the Global Fiber Cement Market?