Fiber Cement Market Dynamics – Driver, Segment & Competition FY2030

Overview of the Global Fiber Cement Market: Key Statistics and Trends:

According to the latest report by MarkNtel Advisors, titled “Global Fiber Cement Market By Material (Cellulosic material, Portland cement, Sand), By Application (Cladding, Roofing, Siding, Molding Trimming, Backer Boards, Wall Partition, Others), By End-User (Residential, Non-Residential), By Fiber Type (Polypropylene, PVA, Lignocellulose, Carbon, Others), By Production Process (Hatschek Process, Extrusion Process, Perlite Process), and others, The Global Fiber Cement Market size was valued at around USD 19.1 Billion in 2023 and is projected to grow at a CAGR of around 5.6% during the forecast period, i.e., 2024-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.

Global Fiber Cement Market Growth and Scope:

Base Year: 2023

Forecast Period: 2024-2030

Historical Data: 2019-22

CAGR (2024-2030): 5.6%

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Global Fiber Cement Market Driver:

Rising Prominence of Fiber Cement as an alternative to Asbestos in the Construction Industry - One of the significant key drivers responsible for the expansion of the market includes the rising prominence of fiber cement in the construction industry. Undoubtedly, the product has plenty of benefits to offer to its end users, and the market is projected to follow the footprints of success during 2024-2030. The growth can be attributed to the ban imposed on asbestos cement products. The International Ban Asbestos Secretariat (IBAS) reports that over 60 countries have enacted complete bans on Asbestos due to its well-known health and safety risks.

Since they are often used for residential construction for rooftop extensions, storage rooms, cottages, farmhouses, site offices, and so on, manufacturers have turned their focus to fiber cement as an alternative to Asbestos, citing their functional similarity. Moreover, due to its extended life, versatility, and attractiveness, paired with its remarkable resistance to fire, weather, warping, and rotting, the product has gained popularity in the construction industry. Such tremendous factors are urging the market to expand exponentially during the projected period.

A Comprehensive Analysis of Leading Companies of Fiber Cement Market by MarkNtel Advisors:

James Hardie Industries PLC (Ireland)
Allura (US)
Cembrit Holding A/S (Denmark)
Etex Group NV (Belgium)
American Fiber Cement Corporation (US)
Toray Industries Inc. (Japan)
Nichiha (Japan)
Cembrit Holding A/S (Denmark)
CSR Limited (Australia)
Elementia

Key Fiber Cement Market Segmentation:

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/global-fiber-cement-market.html

-By Application

Cladding
Roofing
Siding
Molding Trimming
Backer Boards
Wall Partition

Here, Siding is one of the significant applications of fiber cement. With a rapid surge in the construction of residential non-residential buildings, the demand for such materials in Siding applications is increasing substantially.

-By Material

Cellulosic Material
Portland Cement
Sand

Of these, Portland Cement has the major potential to accelerate the growth of the market. Even during the historical period, it dominated as the leading material segment of the market due to its production via mixing calcium, silica, iron, aluminum, and other essential additives.

-By End-Users

Residential
Non-Residential

-By Fiber Type

Polypropylene
PVA
Lignocellulose
Carbon
Others

-By Production Process

Hatschek Process
Extrusion Process
Perlite Process

Geographical Analysis

-By Region

North America
Europe
Asia-Pacific
South America
Middle East Africa

Geographically, of all regions, Asia-Pacific holds the largest share of the Fiber Cement Market, mainly because it is the fastest-growing economy worldwide, creating the massive potential for infrastructural developments.

Key Reports Highlights:

Market Dimensions Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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Key Advantages of the Report by MarkNtel Advisors:

Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 5.60+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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