Fiber Cement Market Size and Overview, Growth Prospects, Product Innovation, Latest Trends and Business Forecast By 2030 | American Fiber Cement Corporation, Etex group

Market Overview:

Fiber cement is a composite material made of cement, sand, and cellulose fibers. It is a building material used in the making of siding, trim, roofing, floors, and other elements required in residential and non-residential construction projects. It provides durability, fire resistance, and requires low maintenance.

Market Dynamics:

Growth in the construction industry, driven by increasing residential and commercial construction activities across the globe owing to rapid urbanization and industrialization, is expected to drive the global fiber cement market growth over the forecast period. Additionally, fiber cement exhibits several properties like durability, strength and fire resistance which make it a viable alternative to conventional building materials like wood and bricks. It requires low maintenance and lasts longer without warping, cracking or rotting. These advantages are increasing its adoption over traditional building materials and further fueling market growth. Furthermore, fiber cement products are environment friendly with no formaldehyde emissions and provide insulation against heat, sound and moisture, thus witnessing increasing preference among end users.

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Major market players included in this report are:

★ American Fiber Cement Corporation
★ Etex group
★ Elementia Materials
★ Everest Industries Limited
★ James Hardie Industries PLC
★ Johns Manville
★ Knauf Gips KG
★ Saint-Gobain
★ BetonWood Srl
★ Cembrit Holding A/S
★ HIL Limited
★ GAF
★ NICHIHA Co. Ltd

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

By Applications:
✦ Siding
✦ Roofing
✦ Cladding
✦ Molding and Trimming
✦ Other Applications

By End-User Industry:
✦ Residential
✦ Non-residential

Regional Analysis:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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✤ Two Major Market Drivers for the Fiber Cement Market

• Low Maintenance Requirement is Fueling the Demand for Fiber Cement Products

Fiber cement products require minimal maintenance, which helps reduce maintenance costs for end-users over the lifespan of the product. Unlike other construction materials like wood that need frequent refinishing, fiber cement products remain aesthetically appealing for long periods without any maintenance. The low maintenance reduces total cost of ownership and improves profitability for end-users. This key attribute is a major driver for increased demand and adoption of fiber cement products across residential and non-residential construction sectors.

• Growing Preference for Durable and Fire Resistant Construction Material

Fiber cement possesses excellent physical properties like high strength, durability, fire resistance and termite resistance. It can withstand extreme weather conditions and natural calamities better than conventional construction materials. The durability significantly enhances lifespan of buildings and infrastructure. In recent times, more stringent building codes and safety regulations have increased focus on using fire resistant and secure building materials. Fiber cement helps meet such compliance norms effortlessly. Its unmatched durability and fire resistant profile make it a preferred construction material, thereby fueling market demand.

✤ One Major Market Restrain for the Fiber Cement Market

• Volatility in Raw Material Prices Hinders Market Growth

✤ Two Major Market Drivers for the Fiber Cement Market

• Low Maintenance Requirement is Fueling the Demand for Fiber Cement Products

Fiber cement products require minimal maintenance, which helps reduce maintenance costs for end-users over the lifespan of the product. Unlike other construction materials like wood that need frequent refinishing, fiber cement products remain aesthetically appealing for long periods without any maintenance. The low maintenance reduces total cost of ownership and improves profitability for end-users. This key attribute is a major driver for increased demand and adoption of fiber cement products across residential and non-residential construction sectors.

• Growing Preference for Durable and Fire Resistant Construction Material

Fiber cement possesses excellent physical properties like high strength, durability, fire resistance and termite resistance. It can withstand extreme weather conditions and natural calamities better than conventional construction materials. The durability significantly enhances lifespan of buildings and infrastructure. In recent times, more stringent building codes and safety regulations have increased focus on using fire resistant and secure building materials. Fiber cement helps meet such compliance norms effortlessly. Its unmatched durability and fire resistant profile make it a preferred construction material, thereby fueling market demand.

✤ One Major Market Restrain for the Fiber Cement Market

• Volatility in Raw Material Prices Hinders Market Growth

Fiber cement heavily relies on raw materials such as Portland cement, sand, additives and wood fibers for its production. Fluctuations in the prices of these raw materials pose as a major threat to margin and profitability of fiber cement producers. Cement and wood fiber prices experience unpredictable fluctuations depending on economic conditions and supply-demand forces. Any increase in raw material costs inevitably leads to hiking of fiber cement product prices as well. This volatility in input prices disrupts the supply chain and restrains willingness of building contractors and end-users from adopting fiber cement on a larger scale. Unless raw material price stabilization is achieved, this factor will continue restricting faster market penetration of fiber cement products.

✤ One Key Market Opportunity for the Fiber Cement Market

• Rising Commercial Infrastructure Investments in Developing Nations

Many developing Asian, African and Middle Eastern countries are witnessing massive infrastructure growth to accommodate their rapidly urbanizing populations. These nations are investing heavily in constructing new airports, seaports, hospital complexes, factories, shopping malls and other commercial buildings. Given fiber cement's excellent physical and mechanical properties suitable for commercial applications, its popularity is surging in these infrastructure projects. Furthermore, fiber cement products help reduce construction timelines, which align well with the current need for speedy infrastructure development. This burgeoning infrastructure development trend in emerging economies offers lucrative opportunities for fiber cement manufacturers to increase sales volumes in the coming years.

✤ One Dominant Market Trend in the Fiber Cement Market

• Growing Emphasis on Green Construction and Sustainable Materials

With increasing climate change concerns globally, builders and architects are prioritizing use of green and eco-friendly building materials. Fiber cement perfectly fits this sustainability-focused construction trend. It uses a blend of cement, sand and recycled wood fibers as key raw materials. During manufacturing as well, it consumes less energy compared to production of conventional construction materials like concrete or clay bricks. Fiber cement production also generates fewer carbon emissions. Owing to its green profile, leading builders worldwide are promoting fiber cement for its green building attributes. This dominant sustainability trend in the overall construction industry will keep propelling the fiber cement market over the long run.

Fiber cement heavily relies on raw materials such as Portland cement, sand, additives and wood fibers for its production. Fluctuations in the prices of these raw materials pose as a major threat to margin and profitability of fiber cement producers. Cement and wood fiber prices experience unpredictable fluctuations depending on economic conditions and supply-demand forces. Any increase in raw material costs inevitably leads to hiking of fiber cement product prices as well. This volatility in input prices disrupts the supply chain and restrains willingness of building contractors and end-users from adopting fiber cement on a larger scale. Unless raw material price stabilization is achieved, this factor will continue restricting faster market penetration of fiber cement products.

✤ One Key Market Opportunity for the Fiber Cement Market

• Rising Commercial Infrastructure Investments in Developing Nations

Many developing Asian, African and Middle Eastern countries are witnessing massive infrastructure growth to accommodate their rapidly urbanizing populations. These nations are investing heavily in constructing new airports, seaports, hospital complexes, factories, shopping malls and other commercial buildings. Given fiber cement's excellent physical and mechanical properties suitable for commercial applications, its popularity is surging in these infrastructure projects. Furthermore, fiber cement products help reduce construction timelines, which align well with the current need for speedy infrastructure development. This burgeoning infrastructure development trend in emerging economies offers lucrative opportunities for fiber cement manufacturers to increase sales volumes in the coming years.

✤ One Dominant Market Trend in the Fiber Cement Market

• Growing Emphasis on Green Construction and Sustainable Materials

With increasing climate change concerns globally, builders and architects are prioritizing use of green and eco-friendly building materials. Fiber cement perfectly fits this sustainability-focused construction trend. It uses a blend of cement, sand and recycled wood fibers as key raw materials. During manufacturing as well, it consumes less energy compared to production of conventional construction materials like concrete or clay bricks. Fiber cement production also generates fewer carbon emissions. Owing to its green profile, leading builders worldwide are promoting fiber cement for its green building attributes. This dominant sustainability trend in the overall construction industry will keep propelling the fiber cement market over the long run.

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Key Questions

• How much revenue will the global Fiber Cement Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall Fiber Cement Market?

• What are the indicators expected to drive the global Fiber Cement Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Fiber Cement Market to expand their geographical presence?

• What are the major advancements witnessed in the global Fiber Cement Market?

• This report answers these questions and more about the global Fiber Cement Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Table Of Content

Chapter No. 1 Introduction

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. USP & Key Offerings

1.2. Key Benefits for Stakeholders

1.3. Target Audience

1.4. Report Scope

Chapter No. 2 Executive Summary

2.1. Key Findings

2.1.1. Top Investment Pockets

2.1.1.1. Market Attractiveness Analysis, By Type

2.1.1.2. Market Attractiveness Analysis, By End Use

2.1.1.3. Market Attractiveness Analysis, By Region

2.2. Market Snapshot

2.3. Global Fiber Cement Market, 2018 - 2022 (US$ Million)

2.4. Insights from Primary Respondents

Chapter No. 3 COVID-19 Impact Analysis

3.1. Impact Assessment of COVID-19 Pandemic, By Region

3.1.1. North America

3.1.2. Europe

3.1.3. Asia Pacific

3.1.4. Latin America

3.1.5. The Middle East and Africa

Chapter No. 4: Company Profiles

4.1 Company Overview
4.2 Financial elements
4.3 Product Landscape
4.4 SWOT Analysis
4.5 Systematic Outlook

Chapter No. 5: Assumptions and Acronyms

Chapter No. 6: Research Methodology

Chapter No. 7: Contact (Continue . . .)

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