Fiber Cement Market worth $20.3 billion by 2025 | Key Players include R Etex Group NV, James Hardie Industries PLC, Evonik Industries AG, Toray Industries Inc, and CSR Limited

According to recent market research "Fiber Cement Market by Material (Portland Cement,, Application (Siding, Molding & Trim, Backer boards, Flooring, Roofing, Wall Partitions), End use (Residential, Non-residential) and Region - Global Forecast To 2025", The globalfiber cement market size is projected to grow from USD 16.4billion in 2020 to USD 20.3 billion by 2025, at a CAGR of 4.4% from 2020 to 2025.

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Portland cement, by material, accounted for the largest market share in the fiber cement market. Portland cement is the most widely used type of cement, which is used for making concrete and mortar. The chief chemical components of Portland cement are calcium, silica, alumina, and iron. It is a reasonably priced material and is readily available, which makes it one of the widely used materials for construction globally.

Sding, by application, led the fiber cement market in 2019, in terms of value and volume. Siding is the major application of fiber cement in both residential and non-residential constructions. In this application, fiber cement is applied to the exterior sides of the walls to protect them from the effects of extreme weather conditions. Fiber-cement siding also improves the aesthetic appeal of the buildings. Fiber-cement siding is affordable and most suitable for regions having extreme weather conditions.

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The fiber cement market has been dominated by large players, such as the Etex Group NV (Belgium), James Hardie Industries PLC (Ireland), Evonik Industries AG (Germany), Toray Industries Inc (Japan), CSR Limited (Australia), and Nichiha Corporation (Japan). These players have adopted various growth strategies, such as acquisitions, investments, and expansions, to increase their market shares and enhance their product portfolios.

Acquisitions accounted for the largest share of all the strategic developments that took place in the fiber cement market between 2016 and 2020. Key players such as James Hardie (Ireland), Toray Corporation (Japan), and Etex Corporation (Belgium) adopted these strategies to strengthen their business portfolios and presence in the fiber cement industry.(US).

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James Hardie’s strong global presence, coupled with the attractive portfolio of fiber cement, makes it a global player in the fiber cement market. Its expertise in fiber cement building materials, and significant investments in its plants and market development programs have contributed toward its significant position in the market. The adoption of strategic initiatives, e.g., acquisitions, has also contributed to the success of the company. For instance, the acquisition of Fermacell GmbH (Germany) enhanced its fiber cement business in the European market.

Etex Group is considered to be one of the most popular companies in building construction in Europe and other regions. The company focuses on the manufacturing process of building products and is a global leader in offering dry and lightweight construction solutions. It provides a wide range of construction solutions to the multi-residential, industrial, as well as commercial sectors, and has worldwide operations. It operates across 42 countries through more than 90 subsidiaries and 113 factories worldwide. The company has 21 factories in America, 76 in Europe, 10 factories in Africa, and six in Asia.

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