Fiber Cement Market, By Applications (Siding, Roofing, Cladding, Molding and Trimming, Other Applications), By End-User Industry (Residential, Non-residential), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Fiber cement is an environmentally friendly, fire-retardant masonry product. It is a great choice for cladding in home. It is made of sand, cement, and wood fibers that resist rot and warping.
Market Dynamics:
Rising residential constructions across the world is a prime factor driving growth of the fiber cement market. Factors such as longer lifespan compared to sliding materials, versatile nature, resistant to various external factors and protection against bugs and animals is again driving demand for fiber cement. Moreover, it is a natural products which will further favor the market growth in the near future. On the other hand, presence of alternative such as wood, metal, and vinyl is expected to restrict the market growth.
Nevertheless, increasing usage of fiber cement in timber-framed houses in the European region is projected to bring lucrative growth opportunities.
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