Rapid urbanization and industrialization in developing countries, booming Fiber Cement Market to reach $18,888 million by 2022
Download the Sample Report @ https://www.alliedmarketresearch.com/request-sample/1553?utm_source=openpr&utm_medium=Niranjan
A boom in the construction industry, ban on asbestos cement products, high efficiency of fiber cement products and rapid urbanization and industrialization in developing countries drive the fiber cement market growth. In addition, an increase in infrastructure investments acts as an opportunity for the global market. However, the dearth of skilled labor in developing countries is expected to hamper the fiber cement market growth.
Fiber cement products have gained popularity in North America and the Asia-Pacific region in 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. The 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.
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, the 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.
For Purchase Inquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/1553?utm_source=openpr&utm_medium=Niranjan
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 the large-scale installation of fiber cement products for commercial, industrial, and infrastructure projects. However, the residential sector is expected to grow rapidly during the forecast period, owing to rapid urbanization in the developing nations.
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.
Key Findings of the Fiber Cement Market:
• North America is projected to be the second fastest growing region, in terms of revenue, registering a CAGR of 6.3% during the forecast period.
• Molding & trim segment witnessed significant growth in 2014 and is anticipated to grow at the highest CAGR of 7.4% from 2016 to 2022.
• The non-residential segment was the highest revenue contributor to the global fiber cement market in 2015, accounting for 62.1% share. It is expected to maintain its dominance throughout the forecast period.
• 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 backer boards.
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.
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rapid urbanization and industrialization in developing countries, booming Fiber Cement Market to reach $18,888 million by 2022 here
News-ID: 1657535 • Views: 395
More Releases from Allied Market Research
North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently
More Releases for Rapid
Rapid Strength Concrete Market 2018
This report researches the worldwide Rapid Strength Concrete market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Rapid Strength Concrete breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five
RAPID Launches 3D Model Catalog
RAPID, one of the largest prototype manufacturers in the United States has launched a free CAD library on TraceParts. The parts catalog includes over 200 CAD files of sheet metal parts and features such as U Enclosures, Cutouts, Embossments, Punch Tooling and more. TraceParts is the world’s leading digital media company for engineering. One of the services TraceParts offers is a CAD library. The library includes over 100 million parts available
Rapid Machining Launches New Service
Rapid Machining, one of the largest prototype machining manufacturers in the United States, is excited to announce a new standard 5 day lead time service for lathe parts. Responding to customer demand, Rapid Machining purchased new equipment and reconfigured the manufacturing floor to make this lead-time reduction possible from a standard 7 day lead time. The new service is currently available for lathe parts with a variety of materials and
RAPID: Lockheed Martin Approved
Nashua, NH – April 4, 2016 – RAPID was announced as an approved vendor for Lockheed Martin as of April 2016. RAPID has been working with Lockheed Martin divisions for a number of years, but the addition to the Approved Vendor list will strengthen and build upon the existing relationship. Lockheed Martin is an aerospace, defense, security, and advanced technology company that employs over 116,000 professionals worldwide. Lockheed Martin has
Rapid development for Norfolk boy
Rae and Steve Chesney-Beales were like many other parents of children with autism, Down’s syndrome and Global Development Delay. Frustrated at the lack of results from traditional therapy, they traveled half way around the world from Norfolk, UK, to the Cayman Islands to enroll their 12-year-old son, Izaak, in dolphin-assisted therapy. Izaak had been diagnosed with schizencephaly (brain malformation), hydrocephalus (abnormal fluid around the brain), epilepsy and Global Development Delay. According to his
Rapid Sheet Metal Inc Introduces “Rapid Tech Tips”
Sheet Metal Design Video Tips Encourage Proper Design Technique Nashua, NH, June 21, 2011: Rapid Sheet Metal Inc, specializing in the rapid turnaround of sheet metal prototypes, is excited to announce the release of a sheet metal design technical video “Proper Feature Location to Bends”, the first in a series of video sheet metal design technical tips for design engineers. The idea was conceived by the engineers at Rapid Sheet