Fibre Cement Boards and Sheets Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 5.52 Billion
CAGR (2026-2031)	6.18%
Fastest Growing Segment	Cladding
Largest Market	North America
Market Size (2031)	USD 7.91 Billion

Market Overview

The Global Fibre Cement Boards and Sheets Market will grow from USD 5.52 Billion in 2025 to USD 7.91 Billion by 2031 at a 6.18% CAGR. Fibre cement boards and sheets are composite building materials manufactured from a mixture of Portland cement, silica sand, and cellulose fibers, engineered to provide structural resilience for exterior cladding, roofing, and flooring applications. The expansion of this market is fundamentally supported by the material’s superior resistance to moisture, termites, and fire, which aligns with stringent building safety codes and the demand for structures requiring minimal long-term maintenance. These durability factors drive adoption in both residential and commercial sectors where longevity is prioritized over initial material expense.

Despite these advantages, the heavy weight of fibre cement products presents a significant challenge by complicating logistics and necessitating specialized installation labor, which can elevate overall project costs. This installation complexity can deter adoption in cost-sensitive segments where lighter alternatives are available. According to the National Association of Home Builders, in 2024, fiber cement siding constituted 23% of the principal exterior wall materials utilized in new single-family home construction. This statistic highlights the material's substantial yet competitive market presence amidst lower-cost substitutes.

Key Market Drivers

The surge in renovation and remodeling projects in developed regions serves as a primary catalyst for the global fibre cement boards and sheets market, as property owners increasingly prioritize upgrading aging building stocks with high-performance materials. In mature markets, there is a distinct shift away from traditional timber and vinyl siding towards fibre cement due to its ability to replicate the aesthetic appeal of natural wood while offering superior longevity and minimal maintenance requirements. This trend is further amplified by the material's resistance to rotting, warping, and pest infestation, which justifies the investment for homeowners focused on long-term value retention. According to the Joint Center for Housing Studies of Harvard University, July 2024, annual spending on homeowner improvements and maintenance is expected to reach $466 billion through the second quarter of 2025, indicating a substantial capital flow that directly supports the demand for premium exterior cladding solutions.

Simultaneously, the expansion of global residential and commercial construction sectors drives consistent volume growth, underpinned by the widespread implementation of stringent fire safety codes and building regulations. As governments enforce stricter standards for non-combustible materials in high-density housing and commercial infrastructure, fibre cement boards are increasingly specified for their Class A fire rating and structural resilience. This regulatory environment ensures that fibre cement remains a staple component in new large-scale developments, securing its market position against less durable alternatives. According to James Hardie Industries, November 2024, the company projects its North America fiber cement volume to be at least 2.95 billion standard feet for the fiscal year 2025, highlighting the immense scale of material adoption in major construction markets. Furthermore, reflecting the sector's financial health, CSR Limited reported in May 2024 that its Building Products earnings before interest and tax (EBIT) grew 8% to $294 million for the year, driven by robust performance in the residential and commercial segments.

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Key Market Challenges

The heavy weight of fiber cement products creates a substantial logistic and financial barrier that hampers market expansion, particularly in cost-sensitive construction sectors. Unlike lighter alternatives such as vinyl or wood composites, fiber cement requires heavy-duty transport and specialized onsite handling equipment, which immediately inflates the landed cost of materials. This physical density complicates the supply chain, as the risk of breakage during manual transit increases, often necessitating slower, more cautious movement of stock that reduces overall site efficiency.

This requirement for physical resilience translates into a dependency on specialized or larger installation crews, creating a bottleneck during periods of workforce scarcity. When skilled labor is difficult to secure, the premium paid for the time-intensive installation of heavy boards creates a competitive disadvantage. According to the Associated General Contractors of America, in 2024, 94% of construction firms reported having open positions for craft workers. This acute labor shortage compels builders to prioritize materials that allow for faster, single-person installation to preserve margins, thereby restricting the adoption of fiber cement in high-volume residential projects where speed and labor efficiency are paramount.

Key Market Trends

A primary trend reshaping the market is the aggressive innovation in silica-free and low-carbon manufacturing formulations, driven by the construction industry’s imperative to achieve net-zero emissions. Manufacturers are actively reformulating fiber cement composites to reduce clinker content and integrate recycled materials, thereby lowering the embodied carbon of the final product without compromising structural durability. This operational pivot addresses tightening environmental regulations and the growing preference for green building certifications like LEED, positioning fiber cement as a sustainable alternative to traditional masonry. According to Etex Group, April 2024, in the 'Combined Annual Report 2023', the company achieved a 22.8% absolute reduction in CO2 emissions across Scopes 1 and 2 compared to its 2018 baseline, underscoring the rapid industrial adoption of these sustainable production methods.

Simultaneously, there is a decisive shift toward prefinished and factory-coated siding solutions, which effectively mitigates onsite labor shortages and ensures superior finish consistency. By transferring the painting process from the job site to a controlled factory environment, these products eliminate weather-related delays and the need for specialized painting crews, offering a "install-and-done" value proposition that significantly improves project timelines for builders. This transition to premium, value-added products is financially evident as manufacturers prioritize high-margin, coated inventory over raw boards. According to James Hardie Industries, May 2024, in the 'Fourth Quarter and Fiscal Year 2024 Results', the company’s European segment reported a 5% increase in Average Net Sales Price (ASP), a growth specifically attributed to strategic pricing and the increased sales mix of high-value, prefinished products.

Segmental Insights

The Cladding segment currently represents the fastest-growing category within the Global Fibre Cement Boards and Sheets Market. This accelerated expansion is primarily driven by the enforcement of stringent international building codes that mandate the use of non-combustible materials for exterior facades to enhance fire safety standards. Architects and developers are increasingly prioritizing fibre cement cladding due to its superior fire resistance, imperviousness to moisture, and exceptional durability against harsh weather conditions. Furthermore, the material offers a distinct functional advantage over traditional wood or vinyl alternatives by requiring minimal maintenance while ensuring structural integrity, thereby securing its position as a preferred solution for modern residential and commercial projects.

Regional Insights

North America holds the leading position in the global fibre cement boards and sheets market due to robust demand from the residential construction sector. This dominance is driven by a widespread shift toward durable, weather-resistant siding solutions that offer superior longevity compared to traditional wood or vinyl. Furthermore, the market benefits from established building practices that align with rigorous performance standards set by ASTM International, which ensures high product adoption among contractors. The consistent requirement for high-quality exterior cladding in both new housing developments and renovation projects firmly establishes the region as the primary market hub.

Recent Developments

In February 2025, Etex announced a renewed collaboration with Cognizant, a global technology services company, to enhance its digital capabilities and drive innovation across its building material operations. This five-year agreement focuses on implementing artificial intelligence and automation technologies to optimize IT services and improve user experiences within Etex’s global business. The partnership is designed to support Etex's strategic goals by increasing operational efficiency and fostering digital transformation in its lightweight construction and fibre cement board manufacturing divisions.
In September 2024, Nichiha USA launched NichiHome, a comprehensive residential building envelope solution designed to simplify the specification and installation process for architects and builders. This new offering consolidates several of the company’s fibre cement product lines, including Architectural Wall Panels and Premium Siding, into a unified system that ensures design cohesion and moisture management. The launch aims to provide a single-source solution that allows for a variety of aesthetic styles, from modern to traditional, while delivering the high-performance resilience characteristic of fibre cement materials.
In March 2024, Saint-Gobain entered into a strategic partnership with Fortera, a startup specializing in low-carbon cement technologies, to support the decarbonization of cement production. This collaboration involves the deployment of Fortera's proprietary technology, which captures industrial carbon dioxide emissions and recycles them into a cementitious material. As cement is a primary raw material for fibre cement boards, this initiative aligns with the broader industry goal of reducing the embodied carbon in building materials and supports Saint-Gobain's commitment to sustainable construction solutions.
In January 2024, James Hardie Building Products Inc. reintroduced its Hardie Artisan Lap siding to the market, a product designed to offer a distinctive architectural look with the durability of fibre cement. This launch, which was highlighted during the company's presence at the International Builders' Show, features extra-thick boards capable of delivering deep shadow lines and allowing for mitered corners. The product is part of the Hardie Architectural Collection and aims to provide homeowners and trade professionals with a sophisticated, luxury aesthetic that mimics traditional wood siding while maintaining resistance to weather and pests.

Key Market Players

James Hardie Industries plc
Nichiha Corporation
Etex NV
Compagine de Saint-Gobain
CRH plc
HIL Limited
Knauf Digital GmbH
Swisspearl Group AG
Holcim Ltd
Everest Industries Ltd

By Raw Material	By Application	By End User	By Region
Asbestos and Non- Asbestos	Roofing Siding Cladding Moulding & Trimming & Others	Residential and Non-Residential	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

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

Fibre Cement Boards and Sheets Market, By Raw Material:

Asbestos and Non- Asbestos

Fibre Cement Boards and Sheets Market, By Application:

Roofing
Siding
Cladding
Moulding & Trimming & Others

Fibre Cement Boards and Sheets Market, By End User:

Residential and Non-Residential

Fibre Cement Boards and Sheets 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 Fibre Cement Boards and Sheets Market.

Available Customizations:

Global Fibre Cement Boards and Sheets 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 Fibre Cement Boards and Sheets 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

1.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Formulation of the Scope

2.4. Assumptions and Limitations

2.5. Sources of Research

2.5.1. Secondary Research

2.5.2. Primary Research

2.6. Approach for the Market Study

2.6.1. The Bottom-Up Approach

2.6.2. The Top-Down Approach

2.7. Methodology Followed for Calculation of Market Size & Market Shares

2.8. Forecasting Methodology

2.8.1. Data Triangulation & Validation

3. Executive Summary

4. Voice of Customer

5. Global Fibre Cement Boards and Sheets Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Raw Material (Asbestos and Non- Asbestos)

5.2.2. By End User (Residential and Non-Residential)

5.2.3. By Application (Roofing, Siding, Cladding, Moulding & Trimming & Others)

5.2.4. By Region

5.2.5. By Company (2023)

5.3. Market Map

6. North America Fibre Cement Boards and Sheets Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Raw Material

6.2.2. By End User

6.2.3. By Application

6.2.4. By Country

6.3. North America: Country Analysis

6.3.1. United States Fibre Cement Boards and Sheets 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 Raw Material

6.3.1.2.2. By End User

6.3.1.2.3. By Application

6.3.2. Canada Fibre Cement Boards and Sheets 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 Raw Material

6.3.2.2.2. By End User

6.3.2.2.3. By Application

6.3.3. Mexico Fibre Cement Boards and Sheets 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 Raw Material

6.3.3.2.2. By End User

6.3.3.2.3. By Application

7. Europe Fibre Cement Boards and Sheets Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Raw Material

7.2.2. By End User

7.2.3. By Application

7.2.4. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Fibre Cement Boards and Sheets 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 Raw Material

7.3.1.2.2. By End User

7.3.1.2.3. By Application

7.3.2. United Kingdom Fibre Cement Boards and Sheets 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 Raw Material

7.3.2.2.2. By End User

7.3.2.2.3. By Application

7.3.3. Italy Fibre Cement Boards and Sheets 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 Raw Material

7.3.3.2.2. By End User

7.3.3.2.3. By Application

7.3.4. France Fibre Cement Boards and Sheets 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 Raw Material

7.3.4.2.2. By End User

7.3.4.2.3. By Application

7.3.5. Spain Fibre Cement Boards and Sheets 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 Raw Material

7.3.5.2.2. By End User

7.3.5.2.3. By Application

8. Asia-Pacific Fibre Cement Boards and Sheets Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Raw Material

8.2.2. By End User

8.2.3. By Application

8.2.4. By Country

8.3. Asia-Pacific: Country Analysis

8.3.1. China Fibre Cement Boards and Sheets 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 Raw Material

8.3.1.2.2. By End User

8.3.1.2.3. By Application

8.3.2. India Fibre Cement Boards and Sheets 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 Raw Material

8.3.2.2.2. By End User

8.3.2.2.3. By Application

8.3.3. Japan Fibre Cement Boards and Sheets 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 Raw Material

8.3.3.2.2. By End User

8.3.3.2.3. By Application

8.3.4. South Korea Fibre Cement Boards and Sheets 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 Raw Material

8.3.4.2.2. By End User

8.3.4.2.3. By Application

8.3.5. Australia Fibre Cement Boards and Sheets 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 Raw Material

8.3.5.2.2. By End User

8.3.5.2.3. By Application

9. South America Fibre Cement Boards and Sheets Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Raw Material

9.2.2. By End User

9.2.3. By Application

9.2.4. By Country

9.3. South America: Country Analysis

9.3.1. Brazil Fibre Cement Boards and Sheets 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 Raw Material

9.3.1.2.2. By End User

9.3.1.2.3. By Application

9.3.2. Argentina Fibre Cement Boards and Sheets 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 Raw Material

9.3.2.2.2. By End User

9.3.2.2.3. By Application

9.3.3. Colombia Fibre Cement Boards and Sheets 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 Raw Material

9.3.3.2.2. By End User

9.3.3.2.3. By Application

10. Middle East and Africa Fibre Cement Boards and Sheets Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Raw Material

10.2.2. By End User

10.2.3. By Application

10.2.4. By Country

10.3. Middle East and Africa: Country Analysis

10.3.1. South Africa Fibre Cement Boards and Sheets 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 Raw Material

10.3.1.2.2. By End User

10.3.1.2.3. By Application

10.3.2. Saudi Arabia Fibre Cement Boards and Sheets 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 Raw Material

10.3.2.2.2. By End User

10.3.2.2.3. By Application

10.3.3. UAE Fibre Cement Boards and Sheets 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 Raw Material

10.3.3.2.2. By End User

10.3.3.2.3. By Application

10.3.4. Kuwait Fibre Cement Boards and Sheets Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Raw Material

10.3.4.2.2. By End User

10.3.4.2.3. By Application

10.3.5. Turkey Fibre Cement Boards and Sheets Market Outlook

10.3.5.1. Market Size & Forecast

10.3.5.1.1. By Value

10.3.5.2. Market Share & Forecast

10.3.5.2.1. By Raw Material

10.3.5.2.2. By End User

10.3.5.2.3. By Application

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Company Profiles

13.1. James Hardie Industries plc

13.1.1. Business Overview

13.1.2. Key Revenue and Financials

13.1.3. Recent Developments

13.1.4. Key Personnel/Key Contact Person

13.1.5. Key Product/Services Offered

13.2. Nichiha Corporation

13.2.1. Business Overview

13.2.2. Key Revenue and Financials

13.2.3. Recent Developments

13.2.4. Key Personnel/Key Contact Person

13.2.5. Key Product/Services Offered

13.3. Etex NV

13.3.1. Business Overview

13.3.2. Key Revenue and Financials

13.3.3. Recent Developments

13.3.4. Key Personnel/Key Contact Person

13.3.5. Key Product/Services Offered

13.4. Compagine de Saint-Gobain

13.4.1. Business Overview

13.4.2. Key Revenue and Financials

13.4.3. Recent Developments

13.4.4. Key Personnel/Key Contact Person

13.4.5. Key Product/Services Offered

13.5. CRH plc

13.5.1. Business Overview

13.5.2. Key Revenue and Financials

13.5.3. Recent Developments

13.5.4. Key Personnel/Key Contact Person

13.5.5. Key Product/Services Offered

13.6. HIL Limited

13.6.1. Business Overview

13.6.2. Key Revenue and Financials

13.6.3. Recent Developments

13.6.4. Key Personnel/Key Contact Person

13.6.5. Key Product/Services Offered

13.7. Knauf Digital GmbH

13.7.1. Business Overview

13.7.2. Key Revenue and Financials

13.7.3. Recent Developments

13.7.4. Key Personnel/Key Contact Person

13.7.5. Key Product/Services Offered

13.8. Swisspearl Group AG

13.8.1. Business Overview

13.8.2. Key Revenue and Financials

13.8.3. Recent Developments

13.8.4. Key Personnel/Key Contact Person

13.8.5. Key Product/Services Offered

13.9. Holcim Ltd

13.9.1. Business Overview

13.9.2. Key Revenue and Financials

13.9.3. Recent Developments

13.9.4. Key Personnel/Key Contact Person

13.9.5. Key Product/Services Offered

13.10. Everest Industries Ltd

13.10.1. Business Overview

13.10.2. Key Revenue and Financials

13.10.3. Recent Developments

13.10.4. Key Personnel/Key Contact Person

13.10.5. Key Product/Services Offered

14. Strategic Recommendations

15. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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