Fiber Cement Board Market Scope
Because of the rising construction sector around the world, the global Fiber Cement Board market is likely to be in high demand. A composite material made up of sand, cement, and cellulose fibers is known as fiber cement boards. Fiber Cement Board is a commercial and residential building material that is used to cover the exterior of a structure. Fiber cement is a sand, cement, and cellulose fiber composite material. During the projection period, demand for cement boards is expected to be driven by the country's rising residential and commercial construction sectors.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | James Hardie Industries PLC (Ireland), Etex Group NV (Belgium), Cembrit (Denmark), Mahaphant Fibre Cement Co., Ltd. (India), Elementia, S.A.B de C.V. (Mexico), Everest Industries (India), Saint-Gobain (France), Hume Cemboard Industries (Malaysia), Nichiha Corporation (United States) and Soben board (Hong Kong) |
CAGR | 5.5% |
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that Asian Manufacturers will contribute to the maximum growth of Global Fiber Cement Board market throughout the predicted period.
James Hardie Industries PLC (Ireland), Etex Group NV (Belgium), Cembrit (Denmark), Mahaphant Fibre Cement Co., Ltd. (India), Elementia, S.A.B de C.V. (Mexico), Everest Industries (India), Saint-Gobain (France), Hume Cemboard Industries (Malaysia), Nichiha Corporation (United States) and Soben board (Hong Kong) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Fiber Cement Board market by Type , by Application (Commercial buildings and Residential buildings) and Region with country level break-up.
On the basis of geography, the market of Fiber Cement Board has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Influencing Trend:
fiber cement board is considered as a material physically suited for construction products including cladding and roofing. It is mainly due to its function, performance, and commercial value. Fiber-cement Board has found wide usage in various sectors of construction, industrial, agricultural, domestic and residential buildings, mainly in new constructions and refurbishment projects.
Market Growth Drivers:
The Adoption of Fiber Cement Board has Increased in Prime End-Use Industries and Desirable Properties of Impact Resistance and Durability
Challenges:
Lacking the Knowledge of Fiber Board Utilization
Restraints:
The Growing Concern Regarding Inefficient Labour Workforce and High Initial Cost in Comparison to its Traditional Counterparts
Opportunities:
High Demand due to Companies Offer Training to Workers through Formal Vocational Education Programs to Ensure Optimal Use of Equipment and Accelerating Construction Expenditures in the Developing as well as Developed Countries
Key Target Audience
Fiber Cement Board Manufactures, Fiber Cement Board Suppliers, Fiber Cement Board Distributors, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others