Global Fiber Cement Market 2016: by End-use - Residential, Non-residential

Fiber cement is a composite of Portland cement, sand, wood fibers, and water used in construction activities for roofing and faade products. It is an environment friendly material and has long lasting properties owing to the presence of fiber reinforcement in the cement. Fiber cement was developed around 1980 as an alternative to asbestos-based building materials. Fiber cement products are known for their high durability, flexibility, resistance to water, termites, chemical corrosion and fire. It is used mainly in wet areas where water resistance is required as substrates and internal & external cladding. The low maintenance of these products makes them an ideal choice for professional builders, designers, architect and homeowners.

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The demand for fiber cement in U.S. is expected to grow at an increased pace. The major factors responsible for its growth are the changing housing trends, rapid industrialization, its cost effectiveness, and the superior properties of fiber cement over conventional building material such as high durability, strength and non-toxicity. Another factor responsible for the growth of this market in developed countries is the stringent government regulations against the use of asbestos for construction activities as it causes environmental pollution and several occupational health diseases in humans. The current boom in construction activities especially in the residential segment is supposed to drive the market during the forecast period. However, other products such as vinyl siding are giving a tough competition to fiber cement and may affect its growth in the future.

World fiber cement market is segmented on the basis of raw material, application, end-use, and geography. On the basis of raw material, the market can be segmented into Portland cement, sand, cellulosic material, and others. On the basis of application, the market is segmented as molding, siding, roofing, interior wall cladding, counter boards and others. Siding application dominates the market followed by backer board. By the end-use, the market was segmented as residential and non-residential. Most of the fiber cement is consumed by the residential segment presently with the need of more housing societies in urban areas. Geographically, the world fiber cement market was segmented into North America, Europe, Asia-Pacific and LAMEA. Asia-Pacific is leading the market in terms of demand and is expected to be leading in the future as well. Innovation is the key differentiator in this market. A lot of new products, processes and technologies are coming up creating opportunities for companies in this market.

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The report provides company profiles of the leading market players such as Azko Nobel NV, Dow Corning Corporation, Cembrit Holding, Plycem Corporation, Nichiha Corporation, CSR Ltd., Toray Industries Inc., Saint Gobain, Evonik Industries AG, and Etex Group.

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