Global Fiber Cement Market, By Raw Material (Portland Cement, Silica, Cellulosic Fibers, and Others), Construction Type (Siding, Roofing, Molding and Trimming, and Others), and End Use (Residential and Non-Residential)-Industry Trends and Forecast to 2029.
Global Fiber Cement Market Analysis and Size
The global construction industry has long sought answers or improvements to the materials used for roofing and other comparable applications. Fiber cement, a composite building and construction material that may give high levels of durability and toughness, is one of the most common solutions utilised today.
- Siding segment are expected to hold a larger share in the fiber cement market due to the fiber-cement siding is cost-effective and ideal for areas that experience extreme weather. Data Bridge Market Research analyses that the fiber cement market was valued at USD 880.80 million in 2021 and is further estimated to reach USD 1901.85 million by 2029, and is likely to grow at a CAGR of 10.1% during the forecast period of 2022 to 2029.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Material (Alumina Ceramics, Titanate Ceramics, Zirconia ceramics, Silicon Carbide Ceramics and Others), End-User (Electrical & Electronics, Transportation, Medical, Defence and Security, Environmental, Chemical and Others), Class (Monolithic Ceramics, Ceramic Matrix Composites, Ceramic Coatings, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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NICHIHA (US), Alpha Roofing Industries (US), Cembrit Holding A/S (Denmark), CSR Limited (Australia), ETEX (Belgium), TORAY INDUSTRIES INC. (Japan), American Fiber Cement Corporation (US).
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Market Opportunities
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Global Fiber Cement Market Definition
Fiber concrete is a composite building and construction material that, due to its quality, strength, and durability, is primarily used in material, roofing, and exterior goods. Fiber cement is a common structural material that provides the highest benefits over the course of a siding company's lifespan. It's made out of sand, Portland concrete, and cellulose fibres, which are one of the more environmentally friendly components. These, in contrast to other materials, are able to resist the harsh climate.
Fiber Cement Market Dynamics
Drivers
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Alternative for Asbestos and Eco-friendly in Nature
With water shortages in some parts of the world, it's critical to use products that conserve water. Because of the restriction on asbestos-containing products, demand for fiber cement market is expected to rise.
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Commercial buildings with fiber cement exteriors
Because of its climate-friendly, fire resistant, and long-lasting properties, fibre cement market product demand are increasing.
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Technological developments
Fiber cement manufacturers are producing new products using cutting-edge technology to fulfil the demands of clients in a variety of industries which will further accelerate the growth of the market.
Opportunities
In addition, the rise in the urbanization and the growing population in the advancing countries is further estimated to provide potential opportunities for the growth of the fiber cement market in the coming years.
Restraints/Challenges Global Fiber Cement Market
On the other hand, the increased installation cost of fiber cement products is further projected to impede the growth of the fiber cement market in the targeted period. However, the unstable raw material expenses might further challenge the growth of the fiber cement market in the near future.
This fiber cement market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 fiber cement market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Fiber Cement Market
The pandemic of COVID-19 has had a huge impact on the fiber cement market. The ongoing coronavirus pandemic has had a significant influence on global construction activity, affecting the entire fibre cement market. The building materials sector has suffered a considerable drop in terms of trade, owing to government restrictions on international commodity movement across key areas of the globe, which has resulted in a significant reduction in product consumption. However, in the post-COVID scenario, fiber cement market is projected to be significantly impacted due to the increased construction activity and the re-establishment of cross-border trade.
Recent Development
- In 2019, James Hardie Building Products Inc., had launched three new products named as HardieSoffit VentedPlus Panel and HardieBacker Cement Board with HydroDefense Technology. HardieSoffit VentedPlus Panel, exceeds code requirements for roof airflow, and saves time and money on installation by dropping the need for additional venting.
Global Fiber Cement Market Scope and Market Size
The fiber cement market is segmented on the basis of raw material, construction type and end use. The growth amongst these segments will help you analyze meager 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 Fibers
- Others
On the basis of raw material, the fiber cement market is segmented into portland cement, silica, cellulosic fibers, and others.
Construction Type
- Siding
- Roofing
- Molding and Trimming
- Others
On the basis of construction type, the fiber cement market is segmented into siding, roofing, molding and trimming, and others.
End Use
- Residential
- Non-Residential
On the basis of end use, the fiber cement market is segmented into residential and non-residential.
Fiber Cement Market Regional Analysis/Insights
The fiber cement market is analysed and market size insights and trends are provided by country, raw material, construction type and end use as referenced above.
The countries covered in the fiber cement market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the fiber cement market due to the enhancing the global economy and rise in the construction sector, particularly in rapidly developing countries. Furthermore, the increase in the awareness regarding the ill effects of using asbestos will further boost the growth fiber cement market in the region during the forecast period.
Europe is projected to observe significant amount of growth in the fiber cement market during the forecast period of 2022 to 2029 due to the electric vehicle charging infrastructure, the German Ministry of Transport and Digital Infrastructure plans to invest EUR 300 million in future technologies such as electric mobility and automated and networked driving. Moreover, the favourable government foreign policies and various foreign players is further anticipated to propel the growth of the fiber cement market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream 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, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fiber Cement Market Share Analysis
The fiber cement market competitive landscape provides details by competitor. 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 companies' focus related to fiber cement market.
Some of the major players operating in the fiber cement market are:
- NICHIHA (US)
- Alpha Roofing Industries (US)
- Cembrit Holding A/S (Denmark)
- CSR Limited (Australia)
- ETEX (Belgium)
- TORAY INDUSTRIES INC. (Japan)
- American Fiber Cement Corporation (US)
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