Global Fiber Cement Board Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Fiber Cement Board Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Fiber Cement Board market finds that the global Fiber Cement Board market reached a value of USD 7013.94 million in 2022. It’s expected that the market will achieve USD 10631.81 million by 2028, exhibiting a CAGR of 7.18% during the forecast period.

Influence of COVID-19 Outbreak on Fiber Cement Board Industry Development

The COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some fiber cement board enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.

The epidemic will have a short-term impact on fiber cement board industry, but it is relatively limited. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply is difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in Fiber cement board industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customers looking for another enterprise and losing business.

SWOT Analysis

Strength

As a kind of building material, fiber cement board has outstanding advantages such as its durable, water resistant, and waterproof nature. Firstly, fiber cement boards are construction materials that form a coating over a building wall to protect it from harmful weather and atmospheric heat. Apart from providing protection to building walls, these boards increase the outer attractiveness of a building. The board still keeps Intact after being soaked in water for one month, the Phenomenon of Swelling and Out of Shape will Not Happen. It will not disintegrate when immersed in water or exposed to freeze/thaw cycles for prolonged periods of time. Moreover, it has been found that the superior sound insulation factor of a wall built from the board ranges between 44dB and 47 d. In addition to being a great Sound insulator, this board benefits from having a Low Thermal Conductivity of 0.216 W/Mk which makes it a superior Heat Insulator. Furthermore, this Environmentally Friendly board is manufactured from a unique blend of Mineral Components, and does NOT contain any Toxic ingredients, Asbestos Formaldehyde or Ammonia. The advantages of fiber cement boards continue to attract customers and bring opportunities for the development of the industry.

Weakness

The manufacturers of fiber cement boards are mostly in developed countries, where labor costs are high and rising. For example, unit labor costs in the US non-agricultural business sector increased at an annual rate of 0.9% in the fourth quarter of 2019, which was lower than the initial estimate of 1.4%, while it was reduced by 0.2% in the previous quarter. Hourly wages increased by 2.1% (from the initial 2.8%), while productivity increased by 1.2% (from the initial 1.4%). In 2019, labor costs rose by 1.7%, reflecting a 3.6% increase in hourly wages and a 1.9% increase in productivity. The increase in labor costs has led to an increase in operating costs for manufacturers of fiber cement boards.

Region Overview:

From 2022-2027, Europe is estimated to witness robust growth prospects.

Company Overview:

The major players operating in the Fiber Cement Board market include Etex Group, James Hardie, Cembrit, PENNY PANEL and Soben International Ltd, etc. Among these, Etex Group ranked top in terms of sales and revenue in 2022.

Etex inspires the world to build safe, sustainable, smart and beautiful living spaces with a wide spectrum of lightweight solutions. From innovative modular systems to leading fiber cement and plasterboard systems. From applications for cladding, facade, roofing and terrace to high-performance fire protection and insulation for construction and OEM applications. Etex Group operates as a building materials company. The Company offers cladding and building boards, roofing, fire protection and insulation, ceramic tiles, and other construction materials. Etex Group serves customers worldwide.

James Hardie is the global leader in the production of interior and exterior building products, generating more than $2.5 billion in net sales and employing more than 4,900 people across operations in North America, Australia, New Zealand, the Philippines, and Europe. James Hardie Industries plc (JHIplc) is based in Ireland and heads the James Hardie group of companies.

James Hardies' company goal is to remain at the forefront of the building products industry in every market in which we operate.

Segmentation Overview:

Among different product types, Medium Density Fiber Cement Board segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Commercial Buildings segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Fiber Cement Board market covered in Chapter 3:

Soben International Ltd
PENNY PANEL
HEKIM YAPI
Guangdong Soben Green
Elementia
Saint - Gobain Gyproc India Ltd
Cembrit
Etex Group
SCG Building Materials
James Hardie
Shandong Lutai Building Materials
Zhejiang Hailong New Materials

In Chapter 4 and Chapter 14.2, on the basis of types, the Fiber Cement Board market from 2018 to 2029 is primarily split into:

Low Density Fiber Cement
Medium Density Fiber Cement
High Density Fiber Cement

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Fiber Cement Board market from 2018 to 2029 covers:

Commercial buildings
Residential buildings
Public Buildings

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)