South & Central America Fiber Cement Market Forecast to 2028 - Regional Analysis - by Type (Air-cured and Autoclaved), Application (Roofing, Outside Siding or Façade, and Others), and End-Use (Residential and Non-Residential)

South & Central America Fiber Cement Market Forecast to 2028- Regional Analysis- by Type (Air-cured and Autoclaved), Application (Roofing, Outside Siding or Façade, and Others), and End-Use (Residential and Non-Residential)

The South & Central America fiber cement market is expected to grow from US$ 1,698.59 million in 2022 to US$ 2,352.69 million by 2028. It is estimated to grow at a CAGR of 5.6% from 2022 to 2028.

Growing Awareness Regarding Benefits of Fiber Cement Drives South & Central America Fiber Cement Market

Durability is one of the most desirable qualities of fiber cement. Fiber cement siding, boards, and panels typically outlast vinyl siding and other alternative products in lifespan. Within 10 to 15 years, vinyl siding can show signs of aging, whereas fiber cement siding can last up to 30 to 50 years or more. Further, in cement production, carbon dioxide is a by-product. However, manufacturing vinyl siding containing polyvinyl chloride (PVC) produces more carbon dioxide than cement production. Moreover, vinyl siding off-gases throughout its lifetime as it occupies a space landfill. Hence, fiber cement siding is a greener alternative to vinyl siding.

Fiber cement products do not require frequent repainting as it holds paint well. Also, they do not dent unlike steel siding. Fiber cement products stand stronger in moisture and leaks than gypsum boards. These products possess excellent moisture-absorbing and drying properties, making them resistant to weather changes.

Fiber cement products are fireproof, insect resistant, and perform well in natural disasters. The products have good sound insulation properties suitable for building good quality and long-lasting homes. Further, fiber cement products are available in various styles such as panels and shingles. They are also available in baked-on, prefinished colors that do not require painting. Owing to the growing awareness about these benefits of fiber cement products compared to other substitute products, they are increasingly used in flooring, furniture making, and wall cladding, which drives the South & Central America fiber cement market growth.

South & Central America Fiber Cement Market Overview

The fiber cement market in South and Central America is sub-segmented into Brazil, Argentina, and the Rest of South and Central America. The rising household income levels and the increasing number of people migrating from rural to urban areas are expected to drive the demand for the residential buildings in the country. The augmented focus on affordable housing by both the public and the private sector may propel development in the residential construction sector, thereby boosting the usage of fiber cement boards in construction applications. Furthermore, the region's key players can increase their market share by focusing on product development and innovations. It is considered that with the increasing presence of global and local market players, coupled with growing research and development activities, the fiber cement market is expected to find immense opportunities during the forecast period. The rise in investment in research & development activities and technological innovation related to the fiber cement board is also expected to bolster the growth of the market.

Exhibit: South & Central America Fiber Cement Market Revenue and Forecast to 2028 (US$ Million)

South & Central America Fiber Cement Market Segmentation

The South & Central America fiber cement market is segmented into type, application, end-use, and country.

Based on type, the South & Central America fiber cement market is segmented into air-cured and autoclaved. The autoclaved segment held a larger share of the South & Central America fiber cement market in 2022.

Based on application, the South & Central America fiber cement market is segmented into roofing, outside siding or façade, and others. The roofing segment held the largest share of the South & Central America fiber cement market in 2022.

Based on end-use, the South & Central America fiber cement market is segmented into residential and non-residential. The non-residential segment held a larger share of the South & Central America fiber cement market in 2022.

Based on country, the South & Central America fiber cement market is segmented int o Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the share of the South & Central America fiber cement market in 2022.

Compagnie de Saint Gobain SA; Etex NV; Plycem Construsistemas Costa Rica SA; and Swisspearl Group AG are the leading companies operating in the South & Central America fiber cement market.

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