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.
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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