Fiber Cement Market Emerging Players, Growth Analysis and Precise Outlook - 2024 | Toray Industries Inc., Zykron, James Hardie Building Products Inc., Plycem

Latest Industry Research Report On global Fiber Cement Market Research Report 2020 in-depth analysis of the market state and also the competitive landscape globally.

The Fiber Cement market report provides information regarding market size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunity, capacity, revenue, and forecast 2024. This report also includes the overall and comprehensive study of the Fiber Cement market with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Fiber Cement industry and provides data for making strategies to increase market growth and effectiveness.

This study 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 Forces Analysis.

The market for fiber cement is expected to grow at a CAGR of more than 5% during the forecast period of 2019 - 2024. One of the major factors which are driving the market is the increasing demand for energy efficient buildings. However, the threat of substitutes like vinyl & wood siding is expected to hinder the growth of the market studied.

Scope of the report:

The report evaluates the growth rate and the Market value based on Market dynamics, growth inducing factors. Complete knowledge is based on the latest industry news, opportunities, and trends. The report contains a comprehensive Market analysis and vendor landscape in addition to a SWOT analysis of the key vendors.

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The Following Top Key Players in the Fiber Cement Market: Toray Industries Inc., Zykron, James Hardie Building Products Inc., Plycem, Etex Group, and others.

Industry News:

ToreLead™, TORESUPERWALL™, Glasal™ Wall Siding for Home Use

Toray ACE Co., Ltd. deals in a variety of construction materials. The ceramic exterior material, KANPEKI™ (asbestos-free), and the carbon fiber-containing cement plate, ToreLead™, are used for the exterior walls of low-rise buildings, such as detached houses. The carbon fiber containing lightweight concrete panel, TORESUPERWALL™, is used for buildings requiring a high level of fire-resistance. GlasalPRO™ is an interior and exterior construction material that has been widely used in Europe. It has a special ultraviolet-curing resin layer applied to its surface, giving it excellent bacteria resistance, chemical resistance, and contamination resistance.

Key Market Trends

Increasing Sliding Application

- Siding is a major application of fiber cement market. The demand is expected to increase during the forecasted period, in response to its superior intrinsic properties.
- Fiber cement is increasingly being popular in both commercial and residential sectors because of the high durability and low maintenance costs associated with it, when compared to wood or vinyl siding. Fiber cement helps in making buildings energy efficient, as insulation made from it can reduce the electricity consumption.
- Fiber cement siding is increasingly used by residential sector in dry weather regions such as China, India, Japan, etc., where wood and masonite were dominant.
- Also, the government targets for the number of energy efficient and green buildings in Europe and United States, are also driving the market.
- Therefore, low maintenance, high durability, and low initial costs are the factors which would increase the demand during the forecasted period.

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Europe Region to Dominate the Market

Europe region dominated the global market share in 2018. Germany is the largest economy in Europe, and the fifth largest, globally. The public consumption rate has increased by 0.5%, which is expected to drive the growth. Germany has the largest construction industry in Europe. The construction sector in Germany accounts for nearly 3.3% of the GDP. In 2018, Germany spent almost 10% of its annual GDP (around EUR 298 billion) into construction projects. The residential construction segment is expected to have a moderately high growth. According to The Federal Statistics Office, permits were issued for 72,335 new residential buildings and approval was given for 12,454 existing buildings. The construction market in the region has been growing slowly, mainly driven by the increasing new residential construction activities. It is also expected that, various developed countries in EU would spend more on the public infrastructure, and there would be an increase in investments through public-private partnerships at municipal level. These factors are estimated to boost the demand for fiber cement in Germany, during the forecast period.

Highlights the following key factors:

- Business description: – A detailed description of the company’s operations and business divisions.
- Corporate strategy: – Analyst’s summarization of the company’s business strategy.
- SWOT Analysis: – A detailed analysis of the company’s strengths, weaknesses, opportunities, and threats.
- Company history: – Progression of key events associated with the company.
- Major products and services: – A list of major products, services, and brands of the company.
- Key competitors: – A list of key competitors to the company.
- Important locations and subsidiaries: – A list and contact details of key locations and subsidiaries of the company.
- Detailed financial ratios for the past five years: – The latest financial ratios derived from the annual financial statements published by the company with 5 years history.

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