Global Fiber Cement Market Driven by Growing Construction Industry in All Over the World

The fiber cement market also segmented based on region which includes North America, Europe, Asia-Pacific, and Rest of the World. Growth in construction industry throughout the world as well as strict regulations against the use of asbestos cement have played a huge role in providing the necessary momentum to the fiber cement market, after the economic slowdown.

The fiber cement market was valued at USD 13.20 Billion in 2015. It is projected to grow at a CAGR of 4.80% between 2016 and 2021. Objective of report to define, segment, and project size of fiber cement market on basis of material, end use, application, and region and to provide detailed information regarding main factors such as drivers, restraints, opportunities, and industry-specific challenges influencing growth of market.

Get 15% Discount on Fiber Cement Market spread across 184 Pages, Profiling 11 Companies and Supported with 156 Tables and 52 Figures is now available at http://www.rnrmarketresearch.com/contacts/discount?rname=615762 .

Asia-Pacific accounted for largest share of total demand generated by global fiber cement market in 2015 because of willingness of companies in region to take up capital-intensive projects, along with availability of technical expertise. Asia-Pacific region projected to be fastest-growing market for fiber cement, during forecast period, owing to rising economy & rapid growth in infrastructure sector.

Target audience
• Raw material suppliers and producers
• Regulatory bodies
• Fiber cement distributors/suppliers
• End users (builders, contractors)

The fiber cement market is segmented on the basis of material, application, end-use, and region. On the basis of material, Portland cement, which is the most widely used type of cement used for making concrete and mortar, held the largest market share. It is a low-cost material and is readily available, which makes it one of the widely used materials for construction globally.

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The market for fiber cement growing due to growth in construction industry and stringent regulations regarding use of asbestos cement. Rising per capita income of middle class has increased its purchasing power, which has resulted in an increase in number of new constructions. Based on application, siding held largest share. This because fiber cement siding does not require maintenance & is impervious to degradation. Fiber cement siding also improves aesthetic appeal of buildings.

Breakdown of primaries:
Primary interviews were conducted with a number of industry experts in order to collect data related to different aspects of fiber cement. The distribution of primary interviews is as follows:
• By Company Type: Tier 1 – 56%, Tier 2 – 33%, Tier 3 – 11%
• By Designation: Director level – 59%, C level – 28%, Others – 13%
• By Region: North America – 43%, Asia-Pacific – 29%, Europe – 21%, RoW – 7%

Companies such as Etex Group NV (Belgium), James Hardie Industries PLC (Ireland), Evonik Industries AG (Germany), Compagnie de Saint Gobain SA (France), and Toray Industries Inc (Japan) were the key players who adopted this strategy to increase their geographic reach and product offerings, to increase the customer base, and to stay ahead of competitors.

More Information “Fiber Cement Market by Material (Portland cement, Sand, Fiber, And Other Materials Including Paints and Additives), Application (Siding, Roofing, Molding & Trim, and Other Applications), End-Use (Residential and Non-Residential) - Forecast to 2021” report @ http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=615762 .

Investment and expansion were the major strategies adopted by most players in the market. Companies aim to serve the market efficiently by investing in research & development activities and introducing new products to keep up with changing consumer needs.

Asia-Pacific accounted for largest share of total demand generated by global fiber cement market in 2015 because of willingness of companies in region to take up capital-intensive projects, along with availability of technical expertise. Asia-Pacific region projected to be fastest-growing market for fiber cement, during forecast period, owing to rising economy & rapid growth in infrastructure sector.

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