Market Overview: Fiber Cement Market FY2024-2030
This reports provides an essential and dependable overview of the Fiber Cement Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
Fiber Cement Market Report Coverage Details:
Base Year: 2023
Historical Data: 2019-22
Forecast Period: 2024-2030
CAGR: 5.6% (2024-2030)
The Global Fiber Cement Market size was valued at around USD 19.1 Billion in 2023 and is projected to grow at a CAGR of around 5.6% during the forecast period, i.e., 2024-30.
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Fiber Cement Market Driver:
Rising Prominence of Fiber Cement as an alternative to Asbestos in the Construction Industry - One of the significant key drivers responsible for the expansion of the market includes the rising prominence of fiber cement in the construction industry. Undoubtedly, the product has plenty of benefits to offer to its end users, and the market is projected to follow the footprints of success during 2024-2030. The growth can be attributed to the ban imposed on asbestos cement products. The International Ban Asbestos Secretariat (IBAS) reports that over 60 countries have enacted complete bans on Asbestos due to its well-known health and safety risks.
Since they are often used for residential construction for rooftop extensions, storage rooms, cottages, farmhouses, site offices, and so on, manufacturers have turned their focus to fiber cement as an alternative to Asbestos, citing their functional similarity. Moreover, due to its extended life, versatility, and attractiveness, paired with its remarkable resistance to fire, weather, warping, and rotting, the product has gained popularity in the construction industry. Such tremendous factors are urging the market to expand exponentially during the projected period.
Fiber Cement Market Segmentation Analysis – FY2024-2030
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Fiber Cement Market (2024-2030). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The Fiber Cement Market segmentation is enlisted below:
By Material
Cellulosic Material
Portland Cement
Sand
By Application
Cladding
Roofing
Siding
Molding & Trimming
Backer Boards
Wall Partition
Others
By End-Users
Residential
Non-Residential
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By Fiber Type
Polypropylene
PVA
Lignocellulose
Carbon
Others
By Production Process
Hatschek Process
Extrusion Process
Perlite Process
By Region
North America
Europe
Asia-Pacific
South America
Middle East & Africa
Fiber Cement Market Competitive Landscape
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.
Fiber Cement Industry News:
In March 2022,James Hardie Industries took a step further for its planned fiber cement capacity expansion by purchasing land in Melbourne, Victoria. The company plans to add a fiber cement manufacturing site in the State of Victoria to support the strong demand for high-value building solutions in the Asia Pacific region.
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Key Report Highlights
Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators
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