Global Fiber Cement Board Market Size study & Forecast, by Type (High-density, Medium-density, Low-density), by Application (Furniture, Flooring, Wall Cladding & Panels, Pre-fabricated Shelters, Other Applications), and Regional Analysis, 2023-2030

Global Fiber Cement Board Market Size study & Forecast, by Type (High-density, Medium-density, Low-density), by Application (Furniture, Flooring, Wall Cladding & Panels, Pre-fabricated Shelters, Other Applications), and Regional Analysis, 2023-2030

Global Fiber Cement Board Market is valued at approximately USD 10.04 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 13.3% over the forecast period 2023-2030. Fiber cement board is a building material made from a mixture of cement, cellulose fibers, and sand. . These boards are used for various applications in the construction and renovation of residential, commercial, and industrial buildings, providing durability, fire resistance, moisture resistance, and thermal insulation properties. The Fiber Cement Board Market is being driven by factors such as a rise in construction activities and growing demand from the furniture industry.

Increasing construction and infrastructure development projects, driven by urbanization and population growth, create the demand for fiber cement boards. These boards are used in various applications, such as exterior siding, roofing, flooring, and cladding, in both residential and commercial buildings. According to Statista, the Global Construction Market Valued at USD 7.3 Trillion in 2021 is poised to Surge to USD 10.3 Trillion by 2025. Along with this rising demand from the furniture industry is also driving the market. According to the same source, the furniture market anticipates remarkable revenue growth of USD165.7 billion by 2023, projected to reach USD 31.9 billion by 2027. Thus, rising construction activities and the increasing size of the furniture industry fueling the demand for Fiber Cement Board Market. In addition to increasing demand for fire-resistant material, increasing urbanization and increased usage as an asbestos alternative create lucrative opportunities for the market. However, the Governmental policies on carbon emissions from production plants hinder market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Fiber Cement Board Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 due to the region experiencing significant urbanization, with a growing number of infrastructure projects and construction activities. This drives the demand for fiber cement boards as versatile and durable building materials. The Fiber Cement Board Market is considered as fastest growing region over the forecasted period due to the region is experiencing a significant construction boom, with a surge in infrastructure development, commercial projects, and residential construction. This high level of construction activity drives the demand for fiber cement boards as a reliable and versatile building material.

Major market players included in this report are:
Beijing Hocreboard Building Materials Co. Ltd.
HIL Limited
CenturyPly
Everest Industries Limited
SAINT-GOBAIN
Sahyadri Industries Pvt. Ltd.
Toray Building Materials Co., Ltd.
Visaka Industries
James Hardie Building Products Inc.
Allura

Recent Developments in the Market:
 In June 2022, Swisspearl Group unveiled its acquisition of Cembrit, a company based in Aalborg, Denmark. This strategic move was made to bolster Swisspearl's global market footprint and extend its production facilities. With the addition of Cembrit's 1,400 employees, this acquisition is set to transform the combined entity into a workforce of 2,600 individuals..

Global Fiber Cement Board Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Type, Application, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
High-density
Medium-density
Low-density

By Application:
Furniture
Flooring
Wall Cladding & Panels
Pre-fabricated Shelters
Other Applications

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Beijing Hocreboard Building Materials Co. Ltd.
HIL Limited
CenturyPly
Everest Industries Limited
SAINT-GOBAIN
Sahyadri Industries Pvt. Ltd.
Toray Building Materials Co., Ltd.
Visaka Industries
James Hardie Building Products Inc.
Allura

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