North America Fiber Cement Siding Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Portland Cement, Silica, Cellulosic Fiber, and Others), Type (Clapboard, Shingles, and Stone or Stucco), and End User (Residential and Commercia

North America Fiber Cement Siding Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Portland Cement, Silica, Cellulosic Fiber, and Others), Type (Clapboard, Shingles, and Stone or Stucco), and End User (Residential and Commercial)

The fiber cement siding market in North America is expected to grow from US$ 1,809.75 million in 2021 to US$ 2,648.60 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028.

Commercial and residential housing constructions are continuously growing. Further, strong economic conditions and low housing loan interest rates would help in maintaining the expansion of construction activities in North America.

The residential sector accounted for 44% of total North America construction in 2020, making it the largest subsector and a key driver of North America’s fiber cement siding market growth. This growth is attributed to the surge in demand for houses because of record-low interest rates, an improving outlook for growth in sustained employment, and government programs such as Home Builder. Further, several governments initiatives are boosting the housing industry. Fiber cement siding is used in the constructions as it offers several benefits such as long durability, less expensive, resistant to termites, impact resistance, fireproof properties, and rot proof properties. Thus, with the rising commercial and residential housing constructions and several government initiatives in housing construction are influencing the growth of the fiber cement siding market in North America.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. Thus, the North America fiber cement siding market is expected to grow at a good CAGR during the forecast period.

North America Fiber Cement Siding Market Revenue and Forecast to 2028 (US$ Million)

North America Fiber Cement Siding Market Segmentation

North America Fiber Cement Siding Market - by Material

Portland Cement Silica Cellulosic Fiber Others North America Fiber Cement Siding Market - by Type

Clapboard Shingles Stone or Stucco North America Fiber Cement Siding Market - by End User

Residential Commercial North America Fiber Cement Siding Market - by Country

US Canada Mexico North America Fiber Cement Siding Market - Companies Mentioned

Additel Allure ETEX Group GAF James Hardie Industries Plc Nichiha Co., Ltd. Toray Industries, Inc.

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