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

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

Fiber cement is a composite building material formed from the amalgamation of Portland cement, sand, water, fly ash, cellulose, or wood pulp in such a composition that results in a unique combination of properties such as high strength, flexibility, fire and impact resistance, and weatherability among others. It is a low-maintenance material that is widely used on residential houses and commercial projects.

Market Overview:

The latest research study on the global Fiber Cement market finds that the global Fiber Cement market reached a value of USD 16723.78 million in 2022. It’s expected that the market will achieve USD 21258.77 million by 2028, exhibiting a CAGR of 4.08% during the forecast period.

Development of Green and Energy-saving Buildings

From an international point of view, the concepts of energy conservation, environmental protection, green and low carbon in countries around the world are deepening, and major economies continue to increase policy and financial support for energy conservation and environmental protection industries. Green energy conservation and environmental protection industries have become recognized as a sunrise industry. The development of green industry is facing an important period of opportunity and has huge market development space. With the rapid growth of the economy, a large number of residential, commercial and urban public construction projects have been constructed in various places, and the construction area has grown explosively. With the national government's vigorous promotion of building energy-saving policies and green buildings, the demand for various green and energy-saving new building materials has grown with economic growth. Certified Fiber Cement products are one of the environmentally friendly building materials in the building materials industry, such as having good moisture resistance, fire resistance, long life and so on. Therefore, the support of various governments for green buildings will boost the growth of Fiber Cement industry.

Region Overview:

In 2021, the share of the Fiber Cement market in North America stood at 29.71%.

Company Overview:

James Hardie Industries plc manufactures building products for new home construction and remodeling. The Company's products include fiber cement siding, backer board, and pipe.

Segmentation Overview:

By type, Panels segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Non-Residential segment occupied the biggest share from 2017 to 2022.

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

SCG
CSR Limited
James Hardie Industries PLC
GAF
PENNY PANEL
Swisspearl
Allura
Shandong Lutai Building Material Science, and Technology Group Co., Ltd
Etex Group NV
Zhejiang Hailong New Materials
Nichiha

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

Boards
Panels

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

Residential
Non-Residential

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)