Fiber Cement Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Fiber Cement Market
The global fiber cement market size was valued at USD 13.15 billion in 2023 and is projected to grow from USD 13.60 billion in 2024 to USD 18.41 billion by 2032, exhibiting a CAGR of 3.8% during the forecast period of 2024-2032.
The fiber cement sector was substantially hit by the COVID-19 pandemic with delivery chain disruption, a decrease in demand, and inexpensiveness. Planning and banning tourists posed a challenge in the supply and distribution of raw materials, affecting the fiber cement market growth.
Sustainable and eco-friendly manufacturing materials demand is accelerating the fiber cement market. The other is that the infrastructure is being developed by improving traffic and is also being encouraged by the increasing introduction of sports. They established longevity and fire resistance, which is the reason behind the use of fiber cement products.
The environmental group is now running a whole cycle of the transformation, with sustainability placed at its core. Fiber cement, a fabric crafted from herbal materials, is appropriately located to exploit this trend. Its magnificent sturdiness and eco-friendly residences make it appealing for builders seeking to reduce their environmental footprint, impeding the global rise in fiber cement market share. As the call for sustainable production practices keeps growing, fiber cement is becoming a more and more famous alternative for builders trying to reduce their impact on this planet. This shift is using up the call for fiber cement, making it a pinnacle choice for those prioritizing environmental responsibility.
Comprehensive Analysis of Fiber Cement Market
The fiber cement marketplace is segmented into three classes: via material, through utility, and by manner of quit-use. By fabric, the market is split into portland, silica, cellulosic, and others, with portland being the most vital section due to its sizeable availability and value-effectiveness. By application, the marketplace is classified into siding, roofing, cladding, molding & trimming, and others, with siding being the most critical section due to its low protection cost and excessive strength. By stop-use, the marketplace is bifurcated into residential and non-residential; with residential creation projects, the usage increase of the market increases because of the increasing demand for housing and urbanization.
The Asia Pacific region led the medical devices market by benefitting a size of USD 5.68 billion in 2023 due to the growing populace; the demand for residential creation is rising, using an increase inside the market.
The leading players in the fiber cement market significantly influence its growth trajectory and set industry standards. These key players, including James Hardie Industries PLC (Ireland), ETEX Group (Belgium), Evonik Industries (Germany), Saint Gobain (France), CSR Limited (Australia), Nichiha Corporation (Japan), Cembrit Group A/S (Denmark), The Siam Cement Public Company Limited (Thailand), Plycem Corporation (Costa Rica), and Beijing Hocreboard Building Materials Co. Ltd. (China), contribute to a competitive landscape, driving innovation and market advancement in the fiber cement industry.
In December 2023, ETEX Group bolstered its market position by acquiring the fiber cement business of BCG, aiming to optimize revenue technology from this section.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 3.8% from 2024 to 2032
Unit Value (USD Billion), Volume (Kiloton)
Segmentation By Material
Portland
Silica
Cellulosic
Others
By Application
Siding
Roofing
Cladding
Molding & Trimming
Others
By End-use
Residential
Non-Residential
By Geography
North America (By Material, By Application, By End-use)
- U.S. (By End-use)
- Canada (By End-use)
Europe (By Material, By Application, By End-use)
- Germany (By End-use)
- U.K. (By End-use)
- Italy (By End-use)
- Spain (By End-use)
- Rest of Europe (By End-use)
Asia Pacific (By Material, By Application, By End-use)
- China (By End-use)
- Japan (By End-use)
- India (By End-use)
- South Korea (By End-use)
- Rest of Asia Pacific (By End-use)
Latin America (By Material, By Application, By End-use)
- Mexico (By End-use)
- Brazil (By End-use)
- Rest of Latin America (By End-use)
Middle East and Africa (By Material, By Application, By End-use)
- GCC (By End-use)
- South Africa (By End-use)
- Rest of Middle East and Africa (By End-use)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Regions
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 4.6. Impact of COVID-19 on Global Fiber Cement Market
- 5. Global Fiber Cement Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. By Material (Value & Volume)
- 5.2.1. Portland
- 5.2.2. Silica
- 5.2.3. Cellulosic
- 5.2.4. Others
- 5.3. By Application (Value & Volume)
- 5.3.1. Siding
- 5.3.2. Roofing
- 5.3.3. Cladding
- 5.3.4. Molding & Trimming
- 5.3.5. Others
- 5.4. By End-use (Value & Volume)
- 5.4.1. Residential
- 5.4.2. Non-residential
- 5.5. By Region (Value & Volume)
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
- 6. North America Fiber Cement Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. By Material (Value & Volume)
- 6.2.1. Portland
- 6.2.2. Silica
- 6.2.3. Cellulosic
- 6.2.4. Others
- 6.3. By Application (Value & Volume)
- 6.3.1. Siding
- 6.3.2. Roofing
- 6.3.3. Cladding
- 6.3.4. Molding & Trimming
- 6.3.5. Others
- 6.4. By End-use (Value & Volume)
- 6.4.1. Residential
- 6.4.2. Non-residential
- 6.5. By Country (Value & Volume)
- 6.5.1. U.S
- 6.5.1.1. By End-use (Value & Volume)
- 6.5.1.1.1. Residential
- 6.5.1.1.2. Non-residential
- 6.5.2. Canada
- 6.5.2.1. By End-use (Value & Volume)
- 6.5.2.1.1. Residential
- 6.5.2.1.2. Non-residential
- 7. Europe Fiber Cement Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. By Material (Value & Volume)
- 7.2.1. Portland
- 7.2.2. Silica
- 7.2.3. Cellulosic
- 7.2.4. Others
- 7.3. By Application (Value & Volume)
- 7.3.1. Siding
- 7.3.2. Roofing
- 7.3.3. Cladding
- 7.3.4. Molding & Trimming
- 7.3.5. Others
- 7.4. By End-use (Value & Volume)
- 7.4.1. Residential
- 7.4.2. Non-residential
- 7.5. By Country (Value & Volume)
- 7.5.1. Germany
- 7.5.1.1. By End-use (Value & Volume)
- 7.5.1.1.1. Residential
- 7.5.1.1.2. Non-residential
- 7.5.2. U.K.
- 7.5.2.1. By End-use (Value & Volume)
- 7.5.2.1.1. Residential
- 7.5.2.1.2. Non-residential
- 7.5.3. Italy
- 7.5.3.1. By End-use (Value & Volume)
- 7.5.3.1.1. Residential
- 7.5.3.1.2. Non-residential
- 7.5.4. Spain
- 7.5.4.1. By End-use (Value & Volume)
- 7.5.4.1.1. Residential
- 7.5.4.1.2. Non-residential
- 7.5.5. Rest of Europe
- 7.5.5.1. By End-use (Value & Volume)
- 7.5.5.1.1. Residential
- 7.5.5.1.2. Non-residential
- 8. Asia-Pacific Fiber Cement Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. By Material (Value & Volume)
- 8.2.1. Portland
- 8.2.2. Silica
- 8.2.3. Cellulosic
- 8.2.4. Others
- 8.3. By Application (Value & Volume)
- 8.3.1. Siding
- 8.3.2. Roofing
- 8.3.3. Cladding
- 8.3.4. Molding & Trimming
- 8.3.5. Others
- 8.4. By Country (Value & Volume)
- 8.4.1. China
- 8.4.1.1. By End-use (Value & Volume)
- 8.4.1.1.1. Residential
- 8.4.1.1.2. Non-residential
- 8.4.2. Japan
- 8.4.2.1. By End-use (Value & Volume)
- 8.4.2.1.1. Residential
- 8.4.2.1.2. Non-residential
- 8.4.3. India
- 8.4.3.1. By End-use (Value & Volume)
- 8.4.3.1.1. Residential
- 8.4.3.1.2. Non-residential
- 8.4.4. South Korea
- 8.4.4.1. By End-use (Value & Volume)
- 8.4.4.1.1. Residential
- 8.4.4.1.2. Non-residential
- 8.4.5. Rest of Asia Pacific
- 8.4.5.1. By End-use (Value & Volume)
- 8.4.5.1.1. Residential
- 8.4.5.1.2. Non-residential
- 9. Latin America Fiber Cement Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. By Material (Value & Volume)
- 9.2.1. Portland
- 9.2.2. Silica
- 9.2.3. Cellulosic
- 9.2.4. Others
- 9.3. By Application (Value & Volume)
- 9.3.1. Siding
- 9.3.2. Roofing
- 9.3.3. Cladding
- 9.3.4. Molding & Trimming
- 9.3.5. Others
- 9.4. By Country (Value & Volume)
- 9.4.1. Mexico
- 9.4.1.1. By Application (Value & Volume)
- 9.4.1.1.1. Residential
- 9.4.1.1.2. Non-residential
- 9.4.2. Brazil
- 9.4.2.1. By End-use (Value & Volume)
- 9.4.2.1.1. Residential
- 9.4.2.1.2. Non-residential
- 9.4.3. Rest of Latin America
- 9.4.3.1. By End-use (Value & Volume)
- 9.4.3.1.1. Residential
- 9.4.3.1.2. Non-residential
- 10. Middle East & Africa Fiber Cement Market Analysis, Insights and Forecast, 2019-2032
- 10.1. 11.1. Key Findings / Summary
- 10.2. By Material (Value & Volume)
- 10.2.1. Portland
- 10.2.2. Silica
- 10.2.3. Cellulosic
- 10.2.4. Others
- 10.3. By Application (Value & Volume)
- 10.3.1. Siding
- 10.3.2. Roofing
- 10.3.3. Cladding
- 10.3.4. Molding & Trimming
- 10.3.5. Others
- 10.4. By Country (Value & Volume)
- 10.4.1. GCC
- 10.4.1.1. By End-use (Value & Volume)
- 10.4.1.1.1. Residential
- 10.4.1.1.2. Non-residential
- 10.4.2. South Africa
- 10.4.2.1. By End-use (Value & Volume)
- 10.4.2.1.1. Residential
- 10.4.2.1.2. Non-residential
- 10.4.3. Rest of Middle East and Africa
- 10.4.3.1. By End-use (Value & Volume)
- 10.4.3.1.1. Residential
- 10.4.3.1.2. Non-residential
- 11. Competitive Landscape
- 11.1. Company Market Share/Market Ranking Analysis, By Key Players
- 11.2. Company Profiles
- 11.2.1. James Hardie Industries PLC
- 11.2.1.1. Overview
- 11.2.1.2. Description
- 11.2.1.3. Product Portfolio
- 11.2.1.4. Financials (Data as available in public domain and/or on paid databases)
- 11.2.1.5. Recent Developments
- 11.2.2. ETEX Group Overview
- 11.2.2.1. Description
- 11.2.2.2. Product Portfolio
- 11.2.2.3. Financials (Data as available in public domain and/or on paid databases)
- 11.2.2.4. Recent Developments
- 11.2.3. Evonik Industries Overview
- 11.2.3.1. Description
- 11.2.3.2. Product Portfolio
- 11.2.3.3. Financials (Data as available in public domain and/or on paid databases)
- 11.2.3.4. Recent Developments
- 11.2.4. Saint Gobain Overview
- 11.2.4.1. Description
- 11.2.4.2. Product Portfolio
- 11.2.4.3. Financials (Data as available in public domain and/or on paid databases)
- 11.2.4.4. Recent Developments
- 11.2.5. CSR Limited Overview
- 11.2.5.1. Description
- 11.2.5.2. Product Portfolio
- 11.2.5.3. Financials (Data as available in public domain and/or on paid databases)
- 11.2.5.4. Recent Developments
- 11.2.6. Nichiha Corporation Overview
- 11.2.6.1. Description
- 11.2.6.2. Product Portfolio
- 11.2.6.3. Financials (Data as available in public domain and/or on paid databases)
- 11.2.6.4. Recent Developments
- 11.2.7. Cembrit Group A/S Overview
- 11.2.7.1. Description
- 11.2.7.2. Product Portfolio
- 11.2.7.3. Financials (Data as available in public domain and/or on paid databases)
- 11.2.7.4. Recent Developments
- 11.2.8. The Siam Cement Public Company Limited Overview
- 11.2.8.1. Description
- 11.2.8.2. Product Portfolio
- 11.2.8.3. Financials (Data as available in public domain and/or on paid databases)
- 11.2.8.4. Recent Developments
- 11.2.9. plycem corporation Overview
- 11.2.9.1. Description
- 11.2.9.2. Product Portfolio
- 11.2.9.3. Financials (Data as available in public domain and/or on paid databases)
- 11.2.9.4. Recent Developments
- 11.2.10. Beijing Hocreboard Building Materials Co. Ltd. Overview
- 11.2.10.1. Description
- 11.2.10.2. Product Portfolio
- 11.2.10.3. Financials (Data as available in public domain and/or on paid databases)
- 11.2.10.4. Recent Developments
- 12. Strategic Recommendations
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