Global Fiber Cement Board Market Report, New Solutions, Recommendation, Business Plan, Business Strategy and Forecast 2020-2030

The global fiber cement board market accounted for US$ 13.43 billion in 2019 and is estimated to be 19.89 billion by 2027 and is anticipated to register a CAGR of 5.03%. The report. "Global Fiber Cement Board Market, By Type (Low Density Fiber Cement Board, Medium Density Fiber Cement Board, and High Density Fiber Cement Board), By Raw Material (Sand, Portland Cement, Cellulosic Material, and Others), By Application (Commercial Buildings and Residential Buildings), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”.

Key Highlights:

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

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Analyst View:

Rising demand from residential sector

Fiber cement siding has wide range of features such as wear and tear resistance to concrete which in turn fixes to the exterior of a house or other structures. Further, it can provide sustainability to the house by some of the harshest elements of the local environments. Residential industry is the chief end-user industry for fiber cement. Growing middle-class population, along with rising disposable incomes, has aided to an expansion in the middle-class housing segment. Thus, there is increased in the projection of fiber cement use, within the segment, over the forecast period.

Increasing government initiatives

Across the globe, Asia-Pacific has the highest construction market, which is dominated by India, China, and various Southeast Asian countries. The government initiated the project in India, called ‘Housing for All by 2022’, which is projected to massively boost the low-cost residential construction segment in the country, over the forecast period. Additionally, the Indian government has taken a decision under the Pradhanmantri Awas Yojana, to provide interest subvention of 3% and 4% for loans of up to US$ 18,000 and US$ 13,500, respectively, for the lower strata of the society, with respect to building and buying homes.

Key Market Insights from the report:

The global fiber cement board market accounted for US$ 6.69 billion in 2018 and is estimated to be 21.6 billion by 2026 and is anticipated to register a CAGR of 15.7%. The market report has been segmented on the basis of type, raw material, application, and region.

By type, the medium density fibre cement board accounts the largest share in the global fibre cement board market. The medium-density fibre cement board (MDFCB) is utilized for intruding value-added products consisting composite materials. MDFCB panels are made from homogeneous fibres with a density of 650–800 kg/m3.
By raw material, the sand material segment dominates the global fibre cement board market in the coming years. The binding properties of the cement is increased by the addition of sand as material.
By application, the residential fibre cement board segment is expected to witness a strong demand for the market due to the low maintenance cost. The need for renovation of old buildings, growing awareness regarding energy-efficient constructions, rising over-cladding activities, and government regulations for green buildings are projected to dive the demand to a certain extent.
By region, Asia Pacific is expected to maintain its dominance over the forecast period, due to rapidly growing construction activities in contributed for the higher demand for fiber cement. Additionally, growing demand for fiber cement in emerging economies such as North America and Europe due to presence of stringent regulations and the turnaround of manufacturing industries is projected to show substantial growth in the coming years.

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Competitive Landscape:

The prominent player operating in the global fiber cement board market includes Elementia SA de CV, SCG Building Materials, Allura USA, Thai Olympic Fibre-cement Co., Ltd., Swisspearl, PENNY PANEL, Plycem Corporation, FRAMECAD, LTM LLC, and TEPE Betopan

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.

Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period

Key Topics Covered

Introduction
Study Deliverables
Study Assumptions
Scope of the Study

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