Fiber Cement Market is Growing Rapidly - Industry Players are like Etex Group NV, James Hardie Industries PLC, Evonik Industries AG, Compagnie De Saint Gobain SA, Toray Industries Inc

Fiber Cement Market Report, published by Allied Market Research includes an in-depth analysis of the global fiber cement market along with the current trends, drivers, restraints, and growth opportunities. Porter’s five forces model of the market illustrates the potency of buyers and sellers to formulate effective growth strategies. Key market players have been profiled in the report to understand the strategies adopted by them. The current trends have been quantitatively analyzed and estimated for the period of 2016‐2022 to highlight the financial competency of the market.

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The global market is expected to garner $18,888 million by 2022, registering a CAGR of 6.7% during the period 2016 - 2022. Increase in adoption of non-asbestos fiber cement products post ban on asbestos products has supplemented the overall growth of the market. Canada, Netherlands, Sri Lanka, and others have focused on eliminating the use of toxic minerals in infrastructure development projects to promote the adoption of eco-friendly cement products. However, growing interests of homeowners and builders towards fiber cement housing & building have led to spiraling growth of vertical siding, molding, trimming, and ceiling.

Top Impacting Factors

Fiber cement products have gained popularity in North America and Asia-Pacific region in the recent years. Homeowners prefer fiber cement siding over vinyl siding, owing to its durability, resistance to termites and water, fire retardant property, and low maintenance. Growing interest of consumers towards fiber cement boards, sheets, slates, and other products has created lucrative opportunities for fiber cement industry manufacturers to offer a broad array of differentiated products in darker tones and natural hues.

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Increase in adoption of non-asbestos fiber cement products post ban on asbestos products has supplemented the overall growth of the market. Canada, Netherlands, Sri Lanka, and others have focused on eliminating the use of toxic minerals in infrastructure development projects to promote the adoption of eco-friendly cement products. However, growing interests of homeowners and builders towards fiber cement housing & building have led to spiraling growth of vertical siding, molding, trimming, and ceiling. States Smriti Loomba, Research Analyst, Construction, Allied Market Research.

Top Investment in Pockets:

Asia-Pacific was the highest revenue contributor to the global fiber cement market in 2015, and is expected to maintain its position throughout the period. Rapid urbanization and industrialization in the developing countries, such as China, India, Sri Lanka, Thailand, and others has led to higher adoption of fiber cement products in the region and is likely to boost the fiber cement market size. North America is projected to be the fastest growing region in the world, owing to higher adoption of fiber cement siding as compared to other materials.

Segment Overview

The end users of the fiber cement industry are residential and non-residential sectors. The non-residential sector segment generated the highest revenue in 2014, owing to large-scale installation of fiber cement products for commercial, industrial, and infrastructure projects. However, the residential sector is expected to grow at rapidly during the forecast period, owing to rapid urbanization in the developing nations.

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Market players have focused on adopting several strategies, such as product launch, acquisition, and partnership to expand their market outreach. For instance, in 2014, Plycem Corporation launched its fiber cement collection with a wide variety of colors, textures, and styles under the brand name, Allura. The product line includes exterior siding, architectural panels, shakes, trims, and backerboards.

The key market players profiled in the report include Etex Group NV, James Hardie Industries PLC, Evonik Industries AG, Compagnie De Saint Gobain SA, Toray Industries Inc, CSR Limited, The Siam Cement Public Company Limited, Nichiha Corporation, Plycem Corporation, and Cembrit Holding A/S.

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