Fiber Cement Market Scope
Fiber cement is a composite material which is made of cement reinforced with cellulose fibers. The Fiber cement does not burn, it is a non-combustible building material and also it is long lasting, UV resistant and resistant to rotting and warping. The characteristics of fiber cement make it perfectly suited as exterior wall cladding material and as an interior building material as a tiling backer board or floor tiling base. As a building material, interior fiber cement tile backer board are suited as a tiling base for tiling wet areas such as kitchens, bathrooms and showers as it impervious to permanent water damage and does not need to be treated before tiling. Further, fiber cement as an exterior cladding material is used as a substitute to wood cladding and PVC or vinyl as it is very durable and low maintenance, compared to other cladding materials.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Dow Chemical Company (United States), Etex Group NV (Belgium), James Hardie Industries PLC (Ireland), Evonik Industries AG (Germany), Compagnie de Saint Gobain SA (France), Toray Industries Inc (Japan), CSR Limited (Australia), The Siam Cement Public Company Limited (Thailand), Plycem USA, Inc. (United States) and Cembrit Holding A/S (Denmark) |
CAGR | 6.9% |
The major players are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new product launches and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions worldwide to avail competitive advantage through combined synergies Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Fiber Cement market throughout the predicted period.
Dow Chemical Company (United States), Etex Group NV (Belgium), James Hardie Industries PLC (Ireland), Evonik Industries AG (Germany), Compagnie de Saint Gobain SA (France), Toray Industries Inc (Japan), CSR Limited (Australia), The Siam Cement Public Company Limited (Thailand), Plycem USA, Inc. (United States) and Cembrit Holding A/S (Denmark) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Central Fiber LLC (United States) and Nichiha Fiber Cement (Japan).
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 market by Type , by Application (Siding, Roofing, Cladding, Molding & Trimming and Others) and Region with country level break-up.
On the basis of geography, the market of Fiber Cement 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In March 2022, James Hardie Industries says that it has acquired land in Melbourne, Victoria, on which it plans to establish a fibre cement board plant. Interim CEO Harold Wiens said "Adding a manufacturing site in the State of Victoria enables James Hardie to continue to meet the strong demand for our high-value building solutions in the Asia Pacific region.
In April 2019, Cembrit has announced the launch of a new through-coloured cladding board with a sandblasted surface, Patina Rough.The leading fibre cement building product manufacturer has introduced the new cladding board to complement the original Patina, with its directional grain surface, to offer architects and specifiers a desirable choice of premium cladding for a wide variety of external applications.
Influencing Trend:
Growing Urbanization and Industrialization Across the Globe and Higher Efficiency Provided By Fiber Cement Products
Market Growth Drivers:
Decline in Usage of Asbestos Cement and Growing Residential Sector in Asia-Pacific Countries
Challenges:
Fluctuations in Raw Material Prices
Restraints:
Rising Threat of Substitutes Such As Wood and Vinyl Siding
Opportunities:
Increasing Awareness in Emerging Economies
Key Target Audience
Manufacturers of Fiber Cement, Wholesalers, Distributers and Retailers of Fiber Cement, Construction Industry, Governmental Bodies and Raw Material Suppliers and Producers