North America Fiber Cement Board Market to Hit US$ 367.95 million by 2028 at 5.9% CAGR - Regional Analysis by Business Market Insights | Covers Impact of COVID-19 Pandemic

The North America fiber cement board market is expected to grow from US$ 246.28 million in 2021 to US$ 367.95 million by 2028; it is estimated to grow at a CAGR of 5.9% from 2021 to 2028.

Architects and customers have extensively acknowledged and appreciated fiber cement board's various advantages, and many of them are opting for fiber cement board solutions. Durability is one of the most desirable qualities of fiber cement boards. Fiber cement siding typically has a longer lifespan than vinyl siding. Within 10-15 years, vinyl siding shows signs of aging; however, fiber cement siding can last up to 30-50 years or more. Further, in cement production, carbon dioxide, the greenhouse gas, is a byproduct; however, manufacturing vinyl siding, which contains polyvinyl chloride (PVC), produces twice as much CO2.

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The Business Market Insights provides you regional research analysis on "North America Fiber Cement Board Market" and forecast to 2028. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the North America Fiber Cement Board market during the forecast period, i.e., 2022-2028.

Major key players covered in this report:
• Beijing Hocreboard Building Materials Co. Ltd.
• Dow Inc.
• Hume Cemboard Industries Sdn Bhd
• IKK Group
• NICHIHA Co., Ltd
• SAINT GOBAIN S.A.
• SCG Building Materials Co., Ltd.
• Tepe Betopan A.

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Moreover, vinyl siding off-gases throughout its lifetime and continues to do so as it occupies a space landfill. Hence, fiber cement siding is a greener alternative to vinyl siding. Fiber cement board siding has various benefits over vinyl or other alternatives. Fiber cement siding requires less frequent re-painting as it holds paint well. Unlike wood siding, it shows no rotting properties and will not dent like steel siding. Compared to gypsum boards, fiber cement boards stand strong in the presence of moisture and leaks. These fiber cement boards possess excellent moisture absorbing and drying properties, making them resistant to weather changes. Fiber cement boards are fireproof, insect resistant, and perform well during natural disasters. Fiber cement boards have excellent sound insulation properties that make them suitable for building good quality and long-lasting homes.

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the North America Fiber Cement Board market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the North America Fiber Cement Board market segments and regions.

The North America fiber cement board market is segmented into type, end user, and country. Based on type, the market is segmented into low-density fiberboard, medium-density fiberboard, and high-density fiberboard. The medium-density fiberboard segment dominated the market in 2021, and the high-density fiberboard segment is expected to register the highest CAGR during the forecast period. Based on end user, the market is bifurcated into residential and non-residential. The residential segment led the market in 2021, and it is expected to register a higher CAGR during the forecast period. Based on country, the North America fiber cement board market is segmented into the US, Canada, and Mexico.

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The research on the North America Fiber Cement Board market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the North America Fiber Cement Board market on the basis of end user, product type, application, and demography for the forecast period 2022-2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the North America Fiber Cement Board market.

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