Fiber Cement Siding in North America

Fiber Cement Siding in North America

Summary

Fiber Cement Siding in North America industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• Fiber cement siding is an exterior covering material for homes and commercial buildings. It is composed of Portland cement, cellulose fibers, and silica, and is available in the form of planks, clapboards, and flat boards. Fiber cement siding is non-combustible and is often used in forest fire-prone areas. Fiber cement siding is weather-resistant, rot-resistant, and flame-resistant. It is also a durable material that requires minimal maintenance, making it an attractive choice for homeowners and real estate developers.
• The North American fiber cement siding market had total revenues of $10.3 billion in 2023, representing a compound annual growth rate (CAGR) of 2.1% between 2018 and 2023.
• The residential segment accounted for the market's largest proportion in 2023, with total revenues of $5.6 billion, equivalent to 54.4% of the market's overall value.
• In 2023, the North American fiber cement siding market witnessed an annual growth of 6.5% due to the rise in construction spending across various countries in the region. According to Statistics Canada, in September 2023, the investment in building construction (residential and non-residential) reached $18.9 billion in Canada, up 5.3% over the previous month.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the fiber cement siding market in North America
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the fiber cement siding market in North America
• Leading company profiles reveal details of key fiber cement siding market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the North America fiber cement siding market with five year forecasts

Reasons to Buy

• What was the size of the North America fiber cement siding market by value in 2023?
• What will be the size of the North America fiber cement siding market in 2028?
• What factors are affecting the strength of competition in the North America fiber cement siding market?
• How has the market performed over the last five years?
• Who are the top competitors in North America's fiber cement siding market?