Global Fiber Cement Board Market By Type (High density fiber cement board, Medium density fiber cement board, Low density fiber cement board), By Application (Furniture, Flooring, Wall cladding and panels, Pre-fabricated shelters, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global fiber cement board market was valued at $9.7 billion in 2021, and is projected to reach $15.3 billion by 2031, growing at a CAGR of 4.7% from 2022 to 2031.
Fiber cement board is environment friendly construction material made up of Portland cement, sand, and cellulose fiber. The major application of finer cement board includes flooring and wall cladding & panels. Fiber cement boards are used in flooring application across showrooms, multiplex, restaurants, and offices, owing to its durability and termite proof properties. In addition, dimensional stability, flexibility, and fire resistance properties make fiber cement board suitable for commercial and industrial flooring applications. Majorly, wood and planks are used for flooring applications across construction industry. Fiber cement boards made up of cement, pure silica and cellulose fiber are gaining importance and are widely being used as an alternative over traditional flooring products, which is the key market trend. Fiber cement boards are capable of withstanding changing climatic conditions, offer moisture resistance, fire resistance, and rotting. All these factors have escalated the use of fiber cement board in interior and exterior flooring application drives the demand for the global market. In addition, asbestos free fiber cement is an environment friendly product used for industrial flooring application. In addition, fiber cement boards can also be used with other flooring products such as timber, wood, steel & iron sections, and aluminum. This in turn increases the structural strength of the flooring.
Fiber cement board cladding tend to absorb and hold moisture that in turn leads to rotting and damage of installed cladding and thereby increasing the maintenance cost. In addition, installation of fiber cement board cladding requires skilled professionals in order to ensure that there is no gap between two claddings and requires treatment of claddings with additional paint or caulk. All these factors tend to increase the installation cost and thereby anticipated to hamper the market growth. Moreover, fiber cement board consist of crystalline silica and during cutting of fiber cement board siding, the risk of crystalline silica being inhaled is high. This in turn increases associated respiratory problems such as silicosis, lung cancer, and COPD.
Fiber cement board sidings are durable and low maintenance products that are mainly used for wall cladding application in exterior house and commercial buildings. Wood sidings are mainly used for wall cladding, however, these tend to rot under harsh climatic conditions. Fiber cement board sidings offer resistance across changing climatic conditions, thus, making them alternative choice over wood sidings. In addition, key-players in the fiber cement board offer warranties up to 50 years, thus, attracting large number of customers owing to its longevity. Vinyl sidings are other alternative choice available in the market. However, vinyl sidings tend to emit greenhouse gas carbon dioxide during production. On the other hand, fiber cement sidings are eco-friendly building material available in the market. This factor has further escalated the demand and use of fiber cement board siding over vinyl-based sidings. In addition, the associated benefits of using fiber cement board siding such as long life span, versatility, aesthetic look, and resistance to wrapping & rotting has escalated and attracted more number of builders, contractors & homeowners to choose fiber cement board sidings.
The fiber cement board market is segmented on the basis of product type, application, and region. On the basis of product type, the market is categorized into high density fiber cement board, medium density fiber cement board, and low-density fiber cement board. On the basis of application, it is divided into furniture, flooring, wall cladding & panel, pre-fabricated shelters, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global fiber cement board market profiles leading players that include Beijing Hocreboard Building Materials Co. Ltd., HIL Limited, Century Plyboards (India) Limited, Everest Industries Limited, Saint Gobain, Sahyadri Industries Limited (SIL), Toray Industries Inc., Visaka Industries, REXLER, and Sarex.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global fiber cement board market analysis from 2021 to 2031 to identify the prevailing global fiber cement board market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the global fiber cement board market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global global fiber cement board market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
High density fiber cement board
Medium density fiber cement board
Low density fiber cement board
By Application
Furniture
Flooring
Wall cladding and panels
Pre-fabricated shelters
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Beijing Hocreboard Building Materials Co. Ltd. (HBD)
HIL Limited
Century Plyboards (India) Limited
Everest Industries Limited
Saint Gobain
Sahyadri Industries Limited (SIL)
Toray Industries Inc.
Visaka Industries
REXLER
Sarex
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