Markets and Markets estimate that the global Fiber Cement Market will increase from USD 16.4billion in 2020 to USD 21, 20.3 billion by 2025 at a CAGR of 4.4 %. The report examines fibre cement market drivers, restraints/challenges, and their impact on demand throughout the projection period.
The fiber cement market is projected to grow in accordance with the growth of the residential and non-residential sector across the globe. Fiber cement products are known for their properties, such as high strength, durability, fire-proof, and resistance to deterioration from salt or UV rays. These properties of fiber cement products increase their preference in a wide range of applications.
Fibre cement is a robust, durable synthetic building material. Sand, Portland cement, silica sand, and cellulose fibres make fibre cement, a lignocellulose-reinforced composite. Facade and roofing goods use it most. Fire- and impact-resistant fibre cement boards, panels, and partitions are utilised in civil and commercial construction. Exterior wall cladding, partitions, ceilings, and decorations employ fibre cement panels.
𝑮𝒓𝒂𝒃 𝒕𝒉𝒆 𝑷𝑫𝑭 𝑩𝒓𝒐𝒄𝒉𝒖𝒓𝒆 𝑵𝒐𝒘 @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=186027265
Industry Growth Factor
The product is expected to be used more as the building and construction sector seeks to reduce its carbon footprint. Rapid urbanisation and industrialization in developing countries, a flourishing construction industry, increased fibre cement output, and the ban on asbestos-cement products are driving the worldwide fibre cement market.
Increased infrastructure investment opens the market to firms. However, developing countries lack skilled labour, which is slowing fibre cement market growth.
𝗦𝗼𝗺𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗴𝗹𝗼𝗯𝗮𝗹 𝗺𝗮𝗿𝗸𝗲𝘁 𝗶𝗻𝗰𝗹𝘂𝗱𝗲
R Etex Group NV (Belgium), James Hardie Industries PLC (Ireland), Evonik Industries AG (Germany), Toray Industries Inc (Japan), and CSR Limited (Australia), are the key players operating in the fiber cement market. Expansions & investments, and acquisitions are some of the significant strategies adopted by these key players to enhance their positions in the fiber cement market.
Global Fiber Cement Market is segmented as follows:
By Raw Material
- Portland Cement
- Silica
- Cellulosic Fiber
- Others
By Construction Type
- Siding
- Roofing
- Molding & Trim
- Others
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By End-Use
- Residential
- Non-Residential
Regional Insight
The APAC region is projected to account for the largest share in the fiber cement market during the forecast period.
The APAC region is projected to lead the fiber cement market, in terms of both value and volume from 2020 to 2025. The countries in this region is expected to achieve high growth in the construction sector, and in turn, triggering a huge demand for fiber cement products. Growing construction sector, particularly in rapidly-growing countries such as China and India, huge foreign investments, and growing awareness about the ill-effects of using asbestos, drive the demand for fiber cement products.
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