The Fiber Cement Market is anticipated to thrive at a slow-paced CAGR of 4.7% between 2023 and 2033. The market is expected to have a market share of US$ 28.68 billion by 2033 while it is likely to be valued at US$ 18.12 billion in 2023.
The global construction industry has undergone a remarkable transformation over the years, fueled by technological advancements, changing architectural trends, and a growing emphasis on sustainability. In this context, fiber cement has emerged as a versatile and eco-friendly building material that has gained significant traction in the construction sector. The fiber cement market has witnessed substantial growth, driven by its unique blend of durability, aesthetic appeal, and environmental friendliness.
New sustainable projects are applying nature-friendly yet durable construction materials in their buildings. Hence, high sales of fiber cement are anticipated during the forecast period. Also, the long-life span and versatility in design give it an edge over the usual cement.
Discover growth opportunities and assess market potential with an industry overview. Download our sample now and stay ahead of the curve! https://www.futuremarketinsights.com/reports/sample/rep-gb-366
Key Points
- The United States market leads North America’s fiber cement market in terms of market share in North America. The United States held a market share of 11.4% in 2022. The factors attributed to the growth are rising residential and industrial construction and the government providing subsidies to eco-friendly construction material businesses.
- Germany’s fiber cement market held a healthy market share of 8.9% in 2022. The market growth is caused by the German government’s extended research and development programs, focusing on using materials like carbon fiber, fiber-reinforced concrete, etc.
- India’s market thrives at an average CAGR of 5.5% between 2023 and 2033. Further, the growth is attributed to the penetration of innovation in the construction and electrical sector.
- China thrives at a CAGR of 5.1% between 2023 and 2033.
- Based on raw material type, the Portland segment held the leading market share of 37.9% in 2022.
- Based on application type, the sliding segment leads as it held a market share of 24.3% in 2022.
Competitive Landscape
The key suppliers focus on sustainability, reusable material, and fast installation. The competitors merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
Recent Market Developments
- PPG Industries Incorporated has launched its protection over wood along with fiber cement and composite substrates, delivering to verticals like automotive, commercial, and residential.
- Ecolab Incorporated has introduced the fiber building materials such as fiberglass filament, mat, and insulation. These products also include flat glass, ceiling tiles, and fiber cement.
Key Players Profiled in the Market
- Dow Chemical Company
- Hardie (James) Industries Plc.
- Imerys SA
- Elementia SA de CV
- Building Materials Corporation of America
- PPG Industries Incorporated
- Akzo Nobel NV
- Canfor Corporation
- Ecolab Incorporated
- Central Fiber LLC
- Mercer International Incorporated
- US Silica Holdings Incorporated
Request Report Methodology @ https://www.futuremarketinsights.com/request-report-methodology/rep-gb-366
Key Segments Covered
By Raw Materials:
- Silica
- Portland Cement
- Cellulosic Fiber
- Others
By End User:
- Residential
- Non-Residential
By Application:
- Cladding
- Siding
- Backer Boards
- Molding and Trimming
- Roofing
- Wall Partitions
- Others
Key Regions:
- North America
- Latin America
- Europe
- Japan
- Asia Pacific Excluding Japan
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
