Press release
Fiber Cement Market: Robust Growth to $23.3 billion by 2029, Driven by Construction Boom and Climbing Consumer Awareness
Fiber Cement Market Size
What Is The Projected Market Size Of The Global Fiber Cement Market And Its Growth Rate?
The fiber cement market shows promising progression:
• Grown from $17.18 billion in 2024 to $18.29 billion in 2025 at a CAGR of 6.4%
• Expected to rise to $23.3 billion in 2029 at a CAGR of 6.2%
These strides in the market size can be attributed to cost-effectiveness, durability, governmental regulations, and trending architectural aesthetics.
What Is Driving The Growth In The Fiber Cement Market?
The uptick in construction expenditure paves the way for fiber cement market. The surge in the use of fiber cement, lauded for its robust characteristics that bolster the residential and commercial space, parallels the escalation in the construction industry. For instance, in August 2024, US construction spending peaked at $2,147.4 billion, revealing a 4.1% climb from $2,047.4 billion in August 2023. Hence, the boom in construction expenditure bolsters the fiber cement market.
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Who Are the Key Players Driving Fiber Cement Market Growth?
The fiber cement market is propelled by major players, such as:
• SCG Building Materials
• Everest Industries Limited
• James Hardie Industries PLC
• Shandong Shanshui Cement Group Ltd.
• CSR Limited
• Plycem USA Inc.
• GAF Materials Corporation
What Are The Key Trends In The Fiber Cement Market?
Future trends anticipated in the fiber cement market include:
• Urbanization and infrastructure development
• Rising construction activities
• Shift towards sustainable building materials
• Weather resistance and durability
• Architectural trends and aesthetics
What Are The Segments Of The Global Fiber Cement Market?
The fiber cement market can be segmented based on:
• Raw Material: Cellulosic Fiber, Portland Cement, Silica
• Application: Siding, Roofing, Cladding, Molding And Trimming, Other Applications
• End User: Residential, Non-Residential
Which Region Leads The Fiber Cement Market?
Asia-Pacific dominated the fiber cement market in 2024, while North America shows promising growth potential in the forecast period. The market spans across numerous regions such as Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Fiber Cement Market Global Market Report?
• Market Size Analysis: Analyze the Fiber Cement Market by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Fiber Cement Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Fiber Cement Market.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Fiber Cement Market.
• Competitive Developments: Analyze competitive developments like expansions, agreements, new product launches.
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