Fiber cement is also known as reinforced fiber cement. It is a composite building and construction material offering superior physical properties like a high level of toughness & durability. Majorly, its application is in façade and roofing products.
According to the The publisher ' research report, "Global Fiber Cement Market Analysis, 2021," the market is likely to grow at a CAGR of around 5.6% during 2021-26 due to the increasing usage of fiber cement for manufacturing façade and roofing products owing to its high strength & durability. The fiber cement is fire and impact resistant; hence, it suffices for constructing residential & commercial buildings. The other benefits offered by the fiber cement are superior thermal insulation and improved external appearance. However, the high base price of fiber cement could hinder the growth of the market.
Based on the Application, the siding segment has acquired the largest share in the global fiber cement market in 2019. Siding is one of the prime applications of fiber cement in both residential and non-residential constructions. Fiber cement is applied on the exterior sides of the walls to protect the building from fire or other extreme weather conditions. It is also for enhancing the aesthetic appeal of the building. Thus, the segment contributes to the overall growth of the fiber cement market, reveals The publisher in their research report, "Global Fiber Cement Market Analysis, 2021."
Portland Cement Segment Dominated the Market
Within the Material, the market classifies into Cellulosic, Portland cement, and Sand. Portland cement dominated the global fiber cement market in the previous few years due to its reasonable price and easy availability. Thus, it is one of the most widely used materials for construction activities. Portland cement is composed of calcium, silica, alumina, and iron that makes it highly strong & durable for making concrete.
Region-wise, the Asia-Pacific region accounted for the largest share in the global fiber cement market in the previous year due to the growing construction industry and improving global economy, particularly in emerging countries like China and India. Further, stringent regulations regarding the use of asbestos in construction activities have forced the builders and other authorities to look for alternatives like fiber cement, thereby increasing the demand for fiber cement.
Asbestos is a naturally occurring silicate mineral and can cause lung cancer from its exposure by inhaling the fiber from working environments, like factories handling asbestos or buildings containing asbestos. Thus, to avoid using asbestos, the government has enforced builders to shift towards using fiber cement.
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Fiber Cement Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in Global Fiber Cement Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global Fiber Cement Market study?
According to the The publisher ' research report, "Global Fiber Cement Market Analysis, 2021," the market is likely to grow at a CAGR of around 5.6% during 2021-26 due to the increasing usage of fiber cement for manufacturing façade and roofing products owing to its high strength & durability. The fiber cement is fire and impact resistant; hence, it suffices for constructing residential & commercial buildings. The other benefits offered by the fiber cement are superior thermal insulation and improved external appearance. However, the high base price of fiber cement could hinder the growth of the market.
Impact of COVID-19
Due to the outbreak of the COVID-19 pandemic, the overall construction industry was adversely affected due to lockdown imposition and suspension of construction activities across several impacted economies. Also, the decline in capacity utilization has made it difficult for the fiber cement manufacturers to sustain the original prices. Further, the fiber-cement industry has witnessed lower demand, thereby leading to overcapacity. However, with the resumption in operations of the fiber-cement industry and construction activities, the market can steadily boom in the forecast period.Market Segmentation
Siding Segment Accounted for the Largest Market ShareBased on the Application, the siding segment has acquired the largest share in the global fiber cement market in 2019. Siding is one of the prime applications of fiber cement in both residential and non-residential constructions. Fiber cement is applied on the exterior sides of the walls to protect the building from fire or other extreme weather conditions. It is also for enhancing the aesthetic appeal of the building. Thus, the segment contributes to the overall growth of the fiber cement market, reveals The publisher in their research report, "Global Fiber Cement Market Analysis, 2021."
Portland Cement Segment Dominated the Market
Within the Material, the market classifies into Cellulosic, Portland cement, and Sand. Portland cement dominated the global fiber cement market in the previous few years due to its reasonable price and easy availability. Thus, it is one of the most widely used materials for construction activities. Portland cement is composed of calcium, silica, alumina, and iron that makes it highly strong & durable for making concrete.
Regional Landscape
Asia-Pacific holds the Highest Market ShareRegion-wise, the Asia-Pacific region accounted for the largest share in the global fiber cement market in the previous year due to the growing construction industry and improving global economy, particularly in emerging countries like China and India. Further, stringent regulations regarding the use of asbestos in construction activities have forced the builders and other authorities to look for alternatives like fiber cement, thereby increasing the demand for fiber cement.
Market Driver
Rise in Government Restrictions on Use of AsbestosAsbestos is a naturally occurring silicate mineral and can cause lung cancer from its exposure by inhaling the fiber from working environments, like factories handling asbestos or buildings containing asbestos. Thus, to avoid using asbestos, the government has enforced builders to shift towards using fiber cement.
Competitive Landscape
According to The publisher , the major leading players in the global Fiber Cement market are James Hardie Industries PLC (Ireland), Allura (US), Cembrit Holding A/S (Denmark), Etex Group NV (Belgium), American Fiber Cement Corporation (US), Toray Industries Inc. (Japan), Nichiha (Japan), Cembrit Holding A/S (Denmark), CSR Limited (Australia), Elementia.Key Questions Answered in the Market Research Report:
1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Fiber Cement Market?2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Fiber Cement Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in Global Fiber Cement Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global Fiber Cement Market study?
Table of Contents
1. Introduction
5. Global Fiber Cement Market Dynamics
10. Global Fiber Cement Market Analysis, 2016- 2026F
11. Market Share & Analysis
12. North America Fiber Cement Market Outlook, 2016-2026F
13. South America Fiber Cement Market Outlook, 2016-2026F
14. Europe Fiber Cement Market Outlook, 2016-2026F
15. Middle East & Africa Fiber Cement Market Outlook, 2016-2026F
16. Asia-Pacific Fiber Cement Market Outlook, 2016-2026F
17. Competition Outlook
Companies Mentioned
- James Hardie Industries PLC (Ireland),
- Allura (US),
- Cembrit Holding A/S (Denmark),
- Etex Group NV (Belgium),
- American Fiber Cement Corporation (US),
- Toray Industries Inc. (Japan),
- Nichiha (Japan),
- Cembrit Holding A/S (Denmark),
- CSR Limited (Australia),
- Elementia
Methodology
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