Fiber Cement Market Size 2022, share, Industry Growing Rapidly with Recent Demand, Trends, Development, Revenue and Forecast to 2028

The Fiber Cement Market size is expected to grow from US$ 21,748.45 million in 2022 to US$ 33,052.23 million by 2028; it is estimated to register a CAGR of 7.2% from 2022 to 2028.

Fiber cement is a building material made with cement, sand, and cellulose fibers. It is commonly used in construction for siding, roofing, and trim due to its durability and resistance to various environmental factors. Fiber cement is manufactured through autoclaving, which involves pressurized steam curing to increase its strength and durability. It is also manufactured by air-curing, in which it is left to cure naturally for several days. Additionally, fiber cement is an eco-friendly material as it is made from natural and sustainable materials.

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Analysis of the Top Market Players:

1. James Hardie Industries plc
2. Etex NV
3. Swisspearl Group AG
4. CSR Ltd
5. NICHIHA Corp
6. Plycem Construsistemas Costa Rica SA
7. Compagnie de Saint Gobain SA
8. Century Plyboards Ltd
9. Everest Industries Ltd
10. Isam Khairi Kabbani Group

In this report, the market has been segmented on the basis of:

Type (Air-cured, Autoclaved)
Application (Roofing, Outside Siding or Façade, Others)
End-Use (Residential, Non-Residential)

Increasing utilization of fiber cement in the construction industry and growing awareness regarding the benefits of fiber cement are driving the fiber cement market growth. Rapid urbanization and industrialization in developing countries, increasing investments in infrastructure projects, blooming construction industry, and growing demand for asbestos-free cement products are also bolstering the market growth. Further, the increasing use of fiber cement in energy-efficient buildings is expected to offer lucrative opportunities for the fiber cement market growth during the forecast period.

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Based on application, the fiber cement market is segmented into roofing, outside siding or facade, and others. The outside siding or facade segment held the largest share of the fiber cement market in 2022.

Fiber cement outside siding or faccade is an alternative to traditional wood and vinyl siding or facade. It is available in a variety of textures and colors and can be designed to mimic the appearance of other materials such as wood or metal. They are also accessible in different sizes and shapes, allowing architects and builders to create unique and visually appealing designs. One of the key advantages of fiber cement sidings or facades is their durability and resistance to weathering. They are resistant to rot, mold, and pests and can withstand harsh temperatures, UV radiation, and moisture. All these properties make fiber cement siding or facade an ideal choice for buildings located in harsh or humid environments.

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