Fiber Cement Board market Estimated to Reach USD 2100 Million by 2023 with Leading Market Key Players - are Etex Group SA, James Hardie Industries PLC, Evonik Industries AG, Compagnie de Saint Gobain SA and Toray Industries Inc. Cement, Plycem USA, Inc. a

Fiber Cement Board market Size and Growth Rate:

According to the Research Report, the Global Fiber Cement Board market Size estimated to reach 2100 Million by 2023 with CAGR of 4% during the forecast period 2017-2023.

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Fiber Cement Board market Overview:

Fiber cement panels are defined as a composite material consisting of sand, cement and cellulose fibers (plant extracts). In addition, being a composite material based on cement, it has properties such as resistance to decomposition and fire, dimensional stability, as well as good mechanical properties, among other properties.Depending on the type, it is divided into low, medium and high-density fiber board.

Fiber Cement Board market Growth Drivers and Restraints:

Competition in the fiber cement industry is increasing significantly due to growth in the construction sector and the emergence of new technologies. These boards are different from ordinary cement boards, as they are very useful for decorative applications such as floor coverings, floors, ceilings, roofing materials, soffits and ornaments, as well as support boards for floor tile. Cement-based boards are widely used in the construction industry. These are also used for domestic housing needs, as well as for the construction of commercial buildings. The market is growing significantly due to its use as a lining of the house, such as bathrooms and kitchens, because of its durability and water resistance, as well as its waterproof nature. In addition, accelerating construction costs, especially in new housing, will boost demand. The adoption of fiber cement board has increased in many industries, namely residential, commercial and other. In addition, the rapid growth of the residential sector is another factor of market growth.

However, it is expected that the inefficient workforce that does not have the knowledge of fiberboard usage is holding back the growth of the market.
However, companies offer workers training as part of formal vocational training programs to ensure that optimal use of equipment is a growing opportunity for market growth.

Geographic Segmentation of the Fiber Cement Board market:

Based on key regions, the fiber-cement board market is segmented in North America, Europe, Asia-Pacific and the rest of the world. The Asia-Pacific region is expected to experience the strongest growth from 2016 to 2021, as countries in this region are expected to experience robust growth in the construction sector, which will generate a strong demand for cement fiber.
Key Market Players of the Fiber Cement Board market:

Some of the key players in the global fiber cement board market are Etex Group SA, James Hardie Industries PLC, Evonik Industries AG, Compagnie de Saint Gobain SA and Toray Industries Inc. Cement, Plycem USA, Inc. and Cembrit Holding A/S.

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Fiber Cement Board market Key Segmentation:

By Product:

• Low Density Fiber Cement Board
• Medium Density Fiber Cement Board
• High Density Fiber Cement Board

By Application:

• Commercial Buildings
• Residential Buildings

By Region:

• North America
• Europe
• Asia-pacific
• Latin America
• Middle East & AFrica

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