Global Fiber Cement Board Market, By 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) - Industry Trends and Forecast to 2030.
Fiber Cement Board Market Analysis and Size
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.
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.
“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 Board Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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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Countries Covered
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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, and Rest of Middle East and Africa
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Market Players Covered
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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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Market Opportunities
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Market Definition
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 Dynamics
Drivers
- Increased Usage as a Asbestos’s Alternative
According to the International Ban Asbestos Secretariat, nearly 55 countries worldwide have imposed a partial ban on an asbestos product due to its well-known health and safety hazard. Due to restrictions on the use of asbestos products, manufacturers have turned their attention to fiber cement market products as an alternative, as asbestos and fiber cement are nearly identical. When it comes to environmental friendliness, fiber cement outperforms asbestos. It is the primary reason fiber cement has gained Popularity. Regular cement requires a lot of water, whereas fiber cement uses recycled materials and fewer resources. With water crises in some parts of the world, using materials that reduce water usage is essential. The ban on asbestos products has further increased the likelihood of growth in the fiber cement board market. Furthermore, the rising construction activities and infrastructure development are estimated to carve a way for the market's growth. The rising rapid industrialization, increasing disposable incomes of individuals, and higher living standards will further propel the growth rate of fiber cement board market. In addition,the easy availability of raw materials will also drive market value growth.
Opportunity
- Rising Infrastructural Activities
Furthermore, the rising Popularity of fiber cement as a green building product extend profitable opportunities to the market players in the forecast period of 2023 to 2030. In addition, the increasing investment in infrastructure development and residential construction will further expand the future growth of the fiber cement board market.
Restraint/Challenge
- High Cost
Fiber cement board is an expensive construction material that is more expensive to install than alternatives such as vinyl boards. The increased installation cost of fiber cement products coupled with the increasing volatility in raw material prices will create hindrances for the growth of the fiber cement board market.
This global fiber cement board market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global fiber cement board market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
- In August 2022, Visaka Industries is set to invest Rs 120 crore (USD 15.10 Million) in a new fiber cement boards plant in West Bengal, expanding its capacity to meet the high demand for eco-friendly construction materials.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
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
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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