Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 15.13 billion

CAGR (2023-2028)

3.91%

Fastest Growing Segment

Non-Residential

Largest Market

Asia Pacific

 

Market Overview

The Global Fiber Cement Market was valued at USD 15.13 billion in 2022 and is growing at a CAGR of 3.91% during the forecast period. The increasing demand for reducing carbon emissions in the building and construction sector is projected to fuel the utilization of the product. Moreover, factors such as rapid urbanization and industrialization in developing nations, a thriving construction industry, the high efficiency of fiber cement products, and the prohibition on asbestos cement products are contributing to the growth of the market. Furthermore, the rise in infrastructure investments presents opportunities for market players.

Key Market Drivers

Increasing Urbanization and Infrastructure Development    

The global fiber cement market is experiencing significant growth driven by the rapid pace of urbanization and infrastructure development worldwide. As populations migrate from rural areas to cities, the demand for housing, commercial buildings, and infrastructure projects such as roads, bridges, and tunnels is increasing.

Fiber cement products, known for their durability and versatility, are well-suited for both residential and commercial construction. They find applications in roofing, siding, cladding, and interior wall panels. With the expansion of urban areas and the need for reliable, long-lasting construction materials, fiber cement has become an attractive choice for builders and developers.

In addition to housing, fiber cement is increasingly utilized in the construction of public and private infrastructure projects. Its fire resistance, weather resistance, and low maintenance requirements make it a preferred material for infrastructure elements like sound barriers, utility enclosures, and decorative facades.

Furthermore, as governments invest in infrastructure development to support economic growth and sustainability goals, the fiber cement market stands to benefit from the surge in construction activities. The ongoing expansion of transportation networks, public buildings, and green infrastructure projects creates a robust and steady demand for fiber cement products, driving the growth of the industry.

Growing Awareness of Sustainability and Environmental Benefits  

One of the key drivers for the global fiber cement market is the increasing awareness of sustainability and the environmental benefits associated with fiber cement products. The construction industry is now prioritizing sustainability due to concerns over climate change, resource depletion, and environmental impact.

Fiber cement products offer multiple eco-friendly advantages. Unlike traditional materials like wood and vinyl, fiber cement is resistant to rot, decay, and pests, resulting in a longer lifespan and fewer replacements. This reduces the consumption of raw materials and waste, leading to a more sustainable construction industry.

Furthermore, fiber cement can be manufactured with recycled content, reducing the demand for virgin resources. Many manufacturers are also adopting cleaner and more energy-efficient production methods, which helps lower the carbon footprint of fiber cement products.

In addition, the fire resistance of fiber cement enhances building safety and reduces the environmental impact of fires. This quality is particularly important in areas prone to wildfires, as fiber cement can help mitigate damage and reduce the ecological toll of large-scale fires.

As environmental concerns grow, architects, builders, and consumers are increasingly choosing fiber cement for its sustainable attributes, which further drives the market's growth.

Advancements in Fiber Cement Technology and Product Innovation

Technological advancements and ongoing product innovation are key drivers behind the global fiber cement market. Manufacturers are continuously enhancing the performance, aesthetics, and installation efficiency of fiber cement products, making them highly attractive to builders and end-users.

Innovations in fiber cement technology have resulted in thinner and lighter products with improved strength and durability. These advancements facilitate easier handling and installation, leading to reduced labor costs and construction time.

Furthermore, manufacturers are offering a wider range of colors, textures, and finishes for fiber cement products, granting architects and designers increased flexibility in creating aesthetically pleasing and customized building designs. This versatility has expanded the utilization of fiber cement beyond traditional siding and roofing applications to include interior wall panels, decorative elements, and even furniture.

Another area of innovation lies in the integration of insulation materials and coatings directly onto fiber cement products. This not only enhances energy efficiency but also streamlines the construction process by reducing the need for additional building materials.

Moreover, advancements in manufacturing technology have enabled the production of fiber cement products with greater precision and consistency, ensuring high-quality outcomes for builders and homeowners alike.

In conclusion, the growth of the global fiber cement market is driven by increasing urbanization and infrastructure development, growing awareness of sustainability and environmental benefits, as well as ongoing technological advancements and product innovation. These factors are expected to continue propelling the expansion of the fiber cement industry as it adapts to the evolving needs of the construction and building materials market.


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Key Market Challenges

Regulatory Hurdles and Environmental Concerns    

The global fiber cement market faces a significant challenge in the form of evolving regulatory standards and increasing environmental concerns. Fiber cement products are composed of a mixture of cement, cellulose fibers, and other additives. While they offer several advantages, including durability, fire resistance, and low maintenance, they also raise environmental and health-related issues that need to be addressed.

One of the primary regulatory hurdles for the fiber cement industry is the management of asbestos content. Historically, asbestos was used in the production of fiber cement materials due to its reinforcing properties. However, asbestos is a well-known carcinogen, and its use has been restricted or banned in many countries. This has led to the development of asbestos-free alternatives, but ensuring compliance with regulations and the safe disposal of existing asbestos-containing products remains a challenge.

Environmental concerns related to fiber cement production also present a challenge. The manufacturing process involves high energy consumption, emissions of greenhouse gases, and the use of non-renewable resources such as cement. As the global push for sustainability intensifies, fiber cement manufacturers must find ways to reduce their environmental footprint. This could involve adopting cleaner production methods, incorporating more sustainable raw materials, and improving energy efficiency.

Furthermore, waste management is a pressing issue for industry. Demolition or renovation of structures containing fiber cement products can generate hazardous waste, requiring careful handling and disposal. Managing and recycling these materials in an environmentally responsible manner is a challenge that the industry must grapple with.

Market Saturation and Intense Competition  

One of the key challenges faced by the global fiber cement market is the saturation of the market, resulting in intense competition. Over the years, fiber cement products have gained popularity due to their versatility and durability, leading to a surge in the number of manufacturers and suppliers. While this competition has fostered innovation and product diversification, it has also led to an oversaturated market.

The market saturation can give rise to price wars and reduced profit margins for manufacturers. With more players entering the market, there is increased competition for the same customer base, leading to price reductions to maintain competitiveness. This pricing pressure can strain the profitability of companies in the fiber cement industry, potentially resulting in industry consolidation as smaller players struggle to survive.

Furthermore, differentiation becomes a critical challenge in a crowded market. Companies must invest in research and development to create unique and innovative fiber cement products that set them apart from the competition. This necessitates substantial financial resources and can pose a barrier to entry for new market entrants.

Volatile Raw Material Costs and Supply Chain Disruptions

The fiber cement industry relies heavily on the availability and cost of its primary raw materials, such as cement, cellulose fibers, and additives. These materials are subject to price fluctuations and disruptions in the supply chain, which pose challenges for manufacturers.

Cement, a fundamental component of fiber cement products, is vulnerable to price volatility due to factors like changes in energy costs, geopolitical events, and fluctuations in demand. These fluctuations can impact production costs and, in turn, affect the pricing of fiber cement products. As a result, manufacturers face difficulties in accurately predicting and effectively managing their expenses.

Cellulose fibers, often sourced from wood or recycled paper, are another crucial raw material. Supply chain uncertainties and price variations arise from factors such as the sustainability of fiber sources, weather-related disruptions to forestry operations, and competition with other industries for cellulose fibers.

Furthermore, global supply chains have become increasingly susceptible to disruptions, as evidenced by events like the COVID-19 pandemic. Supply chain interruptions caused by natural disasters, trade disputes, or global health crises can result in production and delivery delays, creating challenges in meeting customer demands and maintaining consistent product quality.

In conclusion, the global fiber cement market faces significant challenges, including regulatory hurdles, environmental concerns, market saturation, intense competition, and volatile raw material costs and supply chain disruptions. Addressing these challenges will require a combination of regulatory compliance, sustainability initiatives, innovation, and effective supply chain management to ensure continued growth and success in the industry.

Key Market Trends

Sustainable and Green Building Practices   

One prominent trend in the global fiber cement market is the increasing emphasis on sustainable and green building practices. With growing concerns about climate change, resource conservation, and environmental impact, builders and developers are seeking construction materials that align with these principles. Fiber cement products are well-positioned to meet these demands.

Fiber cement is considered environmentally friendly for several reasons. First, it is a long-lasting material that requires minimal maintenance and replacement, reducing the overall environmental footprint of a building. This longevity means less waste and fewer resources consumed over the life of a structure.

Second, manufacturers are increasingly incorporating recycled content into their fiber cement products, further reducing the demand for virgin raw materials. Additionally, production processes are becoming more energy-efficient and environmentally responsible.

Moreover, the durability and fire resistance of fiber cement contribute to the sustainability of buildings. Fire-resistant materials can enhance the safety and resilience of structures, particularly in areas prone to wildfires, reducing the environmental and economic impact of disasters.

The adoption of green building certification systems, such as LEED (Leadership in Energy and Environmental Design), is driving the demand for sustainable construction materials like fiber cement. As more builders and developers prioritize green building practices to meet regulatory requirements and market preferences, the global fiber cement market is poised to benefit significantly from this trend.

Architectural Aesthetics and Design Versatility

Architectural aesthetics and design versatility have emerged as a prominent trend in the global fiber cement market. Traditionally recognized for its durability and functional benefits, fiber cement products are now gaining recognition for their ability to enhance the visual appeal of buildings.

Manufacturers have responded to this trend by offering a wider range of colors, textures, and finishes for their fiber cement products. This expanded palette allows architects and designers to explore creative possibilities, resulting in more aesthetically pleasing and customized building designs. Whether replicating the look of natural wood, stone, or contemporary materials, fiber cement can achieve a variety of desired appearances.

Moreover, fiber cement's adaptability to various architectural styles and its suitability for both traditional and modern designs make it an attractive choice for a diverse range of construction projects. From residential homes to commercial buildings and urban developments, fiber cement's design versatility positions it as a preferred material for architects and builders seeking to differentiate their projects.

The ability to create distinctive facades, intricate patterns, and unique architectural elements using fiber cement has contributed to its growing popularity in the construction industry. This trend is expected to continue as design-conscious consumers and innovative architects seek materials that offer both functionality and aesthetic appeal.

Segmental Insights

Material Insights

The Portland segment holds a significant market share in the Global Fiber Cement Market. Portland cement is readily available worldwide, and its standardized composition ensures consistent fiber cement production. Portland cement enhances the fire-resistant properties of fiber cement, making it a preferred choice for construction in fire-prone areas or requiring fire-rated materials.

In response to environmental concerns, some fiber cement manufacturers are exploring alternative cementitious materials that can partially or completely replace Portland cement in their products. These alternatives contribute to reducing the carbon footprint of fiber cement. Companies utilize Portland cement to manufacture a wide array of fiber cement products, including siding, roofing, cladding, and interior wall panels. This diverse range enables them to cater to various construction and architectural requirements.

Cement companies are increasingly adopting sustainable practices, such as waste material recycling, energy optimization, and water consumption reduction, to align with global sustainability objectives.

Application Insights

The Sliding segment holds a significant market share in the Global Fiber Cement Market. Fiber cement siding is predominantly utilized as an exterior cladding material for both residential and commercial structures. Its widespread appeal can be attributed to its exceptional durability, resistance to harsh weather conditions, and minimal maintenance requirements. This type of siding offers architects and designers a plethora of design possibilities, with manufacturers offering a diverse selection of textures, finishes, and profiles to create aesthetically pleasing and customized building facades. Many fiber cement siding manufacturers also prioritize sustainability by incorporating recycled materials into their products, thereby reducing the reliance on virgin raw materials and minimizing waste.

Moreover, advancements in installation techniques, such as concealed fastening systems and simplified installation guides, have significantly enhanced the efficiency and ease of installing fiber cement siding for contractors. It is important for fiber cement siding manufacturers to strictly adhere to environmental regulations pertaining to emissions, waste management, and the use of additives to ensure compliance, market access, and sustainability. Given the increasing preference for low-maintenance building materials among consumers, fiber cement siding emerges as an attractive choice due to its inherent resistance to rot, pests, and the need for frequent painting.


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Regional Insights

The Asia Pacific region is expected to dominate the market during the forecast period. The Asia-Pacific region is currently experiencing a significant influx of rural to urban migration, which is driving the demand for housing, commercial spaces, and infrastructure projects. This urbanization trend has led to an increased focus on environmental concerns in construction practices across the region.

Governments are implementing stricter regulations to reduce carbon emissions and promote sustainable construction practices. As a result of the construction boom in the Asia-Pacific region, the fiber cement market is witnessing robust growth. Major contributors to this growth include countries such as China, India, Japan, and South Korea. The rising demand has intensified competition among fiber cement manufacturers, leading to increased innovation and product diversification.

Architects and designers in the Asia-Pacific region are embracing fiber cement for its design versatility, as it offers a wide range of colors, textures, and finishes, allowing for creative architectural expressions that cater to diverse consumer preferences. Additionally, fiber cement is often chosen for its cost-effectiveness compared to premium materials like natural stone or wood, making it accessible for various construction projects, including residential and commercial developments.

Recent Developments

  • In March 2022, James Hardie Industries took a significant step towards its planned expansion of fiber cement capacity by acquiring land in Melbourne, Victoria. The company aims to establish a new fiber cement manufacturing site in the State of Victoria to meet the robust demand for high-value building solutions in the Asia Pacific region.
  • In January 2022, Swisspearl Group AG completed the acquisition of Cembrit, a leading fiber cement manufacturer in Denmark. This strategic move positions Swisspearl as the second-largest fiber cement manufacturer in Europe.

Key Market Players

  • Cembrit Holding A/S
  • Mercer International Incorporated
  • CSR Limited
  • Etex Group
  • US Silica Holdings Incorporated
  • Dow Chemical Company
  • Everest Industries Limited
  • James Hardie Industries PLC
  • Nichiha Co. Ltd
  • Akzo Nobel NV

By Material

By Application

By End-use

By Region

  • Portland
  • Silica
  • Cellulosic
  • Others
  • Siding
  • Roofing
  • Cladding
  • Molding & Trimming
  • Others
  • Residential
  • Non-Residential
  • North America
  • Europe
  • South America
  • Middle East & Africa
  • Asia Pacific

 

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:

  • Global Fiber Cement Market, By Material:

o   Portland

o   Silica

o   Cellulosic

o   Others     

  • Global Fiber Cement Market, By Application:

o   Siding

o   Roofing

o   Cladding

o   Molding & Trimming

o   Others        

  • Global Fiber Cement Market, By End-use:

o   Residential

o   Non-Residential  

  • Global Hazard Control Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   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, Tech Sci 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

4.    Voice of Customers

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

5.3.  By Company (2022)

5.4.  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.    Asia-Pacific 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.  Asia-Pacific: Country Analysis

7.3.1.    China 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.    India 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.    Japan 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.    South Korea 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.    Australia 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.    Europe 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.  Europe: Country Analysis

8.3.1.    Germany 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.    United Kingdom 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.    France 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.    Italy 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.    Spain 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.    South America 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.  South America: Country Analysis

9.3.1.    Brazil 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.    Argentina 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.    Colombia 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. Middle East & Africa 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.             Middle East & Africa: Country Analysis

10.3.1.               Saudi Arabia 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.               South Africa 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.               UAE 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.             Challenge

12. Market Trends & Developments

13. Company Profiles

13.1.             Cembrit Holding A/S

13.1.1.                Business Overview

13.1.2.                Key Revenue and Financials

13.1.3.                Recent Developments

13.1.4.                Key Personnel

13.1.5.                Key Product/Services

13.2.             Mercer International Incorporated

13.2.1.                Business Overview

13.2.2.                Key Revenue and Financials

13.2.3.                Recent Developments

13.2.4.                Key Personnel

13.2.5.                Key Product/Services

13.3.             CSR Limited

13.3.1.                Business Overview

13.3.2.                Key Revenue and Financials

13.3.3.                Recent Developments

13.3.4.                Key Personnel

13.3.5.                Key Product/Services

13.4.             Etex Group

13.4.1.                Business Overview

13.4.2.                Key Revenue and Financials

13.4.3.                Recent Developments

13.4.4.                Key Personnel

13.4.5.                Key Product/Services

13.5.             US Silica Holdings Incorporated

13.5.1.                Business Overview

13.5.2.                Key Revenue and Financials

13.5.3.                Recent Developments

13.5.4.                Key Personnel

13.5.5.                Key Product/Services

13.6.             Dow Chemical Company

13.6.1.                Business Overview

13.6.2.                Key Revenue and Financials

13.6.3.                Recent Developments

13.6.4.                Key Personnel

13.6.5.                Key Product/Services

13.7.             Everest Industries Limited

13.7.1.                Business Overview

13.7.2.                Key Revenue and Financials

13.7.3.                Recent Developments

13.7.4.                Key Personnel

13.7.5.                Key Product/Services

13.8.             James Hardie Industries PLC

13.8.1.                Business Overview

13.8.2.                Key Revenue and Financials

13.8.3.                Recent Developments

13.8.4.                Key Personnel

13.8.5.                Key Product/Services

13.9.             Nichiha Co. Ltd

13.9.1.                Business Overview

13.9.2.                Key Revenue and Financials

13.9.3.                Recent Developments

13.9.4.                Key Personnel

13.9.5.                Key Product/Services

13.10.           Akzo Nobel NV

13.10.1.             Business Overview

13.10.2.             Key Revenue and Financials

13.10.3.             Recent Developments

13.10.4.             Key Personnel

13.10.5.             Key Product/Services

14. Strategic Recommendations

15. About Us & Disclaimer  

Figures and Tables

Frequently asked questions

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The market size of the Global Fiber Cement Market was USD 15.13 billion in 2022.

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Portland segment was the dominant segment in the Global Fiber Cement Market in 2022. Portland cement is readily available worldwide, and its standardized composition ensures consistent fiber cement production. Portland cement enhances the fire-resistant properties of fiber cement, making it a preferred choice for construction in fire-prone areas or requiring fire-rated materials.

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Volatile Raw Material Costs and Supply Chain Disruptions is one of the challenges of Global Fiber Cement Market.

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Growing Awareness of Sustainability and Environmental Benefits is one of the drivers of Global Fiber Cement Market.

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Srishti Verma

Business Consultant
Press Release

Fiber Cement Market Is Expected To Grow At A Robust CAGR During Forecast Period

Sep, 2023

Global Fiber Cement Market is expected to grow owing to increasing use of fiber cement in cladding application due to their high strength and durability throughout the forecast period.