Global Fiber Cement Market:
Information by Material (Cellulosic Material, Portland Cement), Product
(Boards, Panels, Siding), Application (Cladding, Flooring, Inner Lining,
Partition Wall), End User (Residential, Non-Residential), Region—Forecast till
2023
Market Overview:
Fiber cement, also known as
reinforced fiber cement, is a composite building material used in construction.
It is mainly composed of Portland cement, fine silica (sand), cellulosic
material, and other additives.
Fiber cement products include
boards, panels, and siding and are widely used in the construction of
residential and commercial buildings due to their fire and impact resistant
properties. Fiber cement panels are used for exterior wall cladding, partition
walls, ceilings, and decorative applications.
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Key Players
Some of the key market players in
the global fiber cement market are Alpha Roofing Industries, LLC (US), GAF
(US), Allura (US), American Fiber Cement Corporation (US), Cembrit Holding A/S
(Denmark), James Hardie Industries PLC (Ireland), Etex Group
NV (Belgium), CSR Limited (Australia), Toray Industries Inc. (Japan),
Nichiha (Japan), and Shandong Cement (China).
Competitive Analysis
The key market players in the
global fiber cement market are implementing various tactics such as product
launches, acquisitions, and expansions to enhance their market shares.
In April 2018, James Hardie
Industries PLC announced its acquisition of the German XI (DL) Holdings GmbH
and its subsidiaries from Xella International SA, aiming towards speeding up
the growth rate of the company’s fiber cement business in European
countries.
Fiber cement is a low-cost
composite building material that is used in construction, primarily made of
Portland cement, cellulosic material, fine silica (sand), and other additives.
It is also known as reinforced fiber cement and provides resistance to fungi,
mold, and bacteria, hence, increasing its durability and demand. in addition,
the material is inert and, thus, is environmentally friendly.
Fiber cement products include
panels, boards, and siding and are widely used in the construction of
residential, commercial buildings and warehouses, among others, owing to their
impact, water, and fire resistant properties. Fiber cement panel is used for
partition walls, exterior wall cladding, ceilings, and decorative applications.
Fiber cement boards are used in corridors, tunnels, shopping malls, hotel
lobbies, and residential buildings, while fiber cement decorative cladding is
commonly used for rainscreen applications.
According to a report published
by Market Research Future (MRFR), the rising demand for fiber cement in the
building and construction industry is likely to drive the market growth over
the forecast period. The rising disposable income along with the growing
standard of living of consumers is anticipated to be the key factors
influencing the growth of the construction industry, which will consequently
contribute to the demand for fiber cement during the forecast period.
Segmental Analysis
The global fiber cement market is
segmented on the basis of material, application, product, end user, and region.
Based on material, the global
market for fiber cement is segregated into the sand, cellulosic material,
Portland cement, and others.
based on application, the global
fiber cement market has been divided into flooring, cladding, inner lining,
partition walls, fire, and acoustic walls, molding & trim, ceilings, and
others.
On the basis of
product, the global fiber cement market has been categorized into boards,
panels, siding, and others.
the end user segment of the
global fiber cement market is bifurcated into residential and non-residential
Based on the region, the global
fiber cement market has been segmented into North America, Europe,
Asia-Pacific, Latin America, and the Middle East & Africa.
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Regional Analysis
Asia-Pacific has been accounted
as the largest share of the global fiber cement market and is anticipated
to dominate the market share during the forecast period, owing to the rapid
urbanization and growing residential construction in the region. The major
developing countries contributing to the growth of the fiber cement market in
Asia-Pacific are China, Japan, Indonesia, India, and Australia.
North America and the Middle East
& African region are the other considerable markets for fiber cement.
rising residential construction in Canada and the US is likely to fuel product
demand in the coming years. Due to essential investments in the construction
industry for residential and commercial buildings, the fiber cement market in
the UAE is anticipated to grow at a significantly higher rate.
Europe and Latin American
regional markets for fiber cement are projected to showcase comparatively
moderate growth over the forecast period.
Intended Audience
- Fiber cement manufacturers
- Traders and distributors of fiber cement
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
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