Fiber Cement Market Is Expected To Grow At A Robust CAGR During Forecast Period
Global Fiber Cement Market is expected to grow owing to increasing use of fiber cement in cladding application due to their high strength and durability throughout the forecast period.
According to TechSci Research report, “Fiber Cement Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, the Global Fiber Cement Market is expected to register robust growth during the forecast period. Fiber cement is extensively utilized in various construction applications, including tiling backer boards and floor tiling bases. Specifically designed for wet areas like bathrooms and kitchens, fiber cement tile backer boards offer excellent water resistance properties. The installation process of fiber cement backer boards is straightforward, allowing for direct installation on stud walls. The global market is experiencing a surge in construction activities, driving the demand for sustainable construction materials. This presents a significant growth opportunity for the fiber cement market.
Manufacturers can harness digital technologies like Building Information Modeling (BIM) to streamline product design, manufacturing, and distribution processes. Integration with BIM platforms facilitates the selection and specification of fiber cement products in construction projects.
Fiber cement's inherent fire-resistant properties make it an appealing material for applications prioritizing fire safety. Manufacturers can highlight these qualities for use in commercial and industrial buildings, as well as in regions susceptible to wildfires.
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Based on material, Portland segment is expected to dominate the market during the forecast period. Portland cement is widely utilized in the production of fiber cement due to its exceptional bonding properties. This crucial ingredient contributes to the structural integrity and durability of fiber cement products. The quality of Portland cement significantly influences the strength and longevity of these products, which are renowned for their resilience against environmental factors. Consequently, Portland cement plays a vital role in achieving this desired resilience. However, it is important to acknowledge that the production of Portland cement is associated with carbon emissions, primarily due to the high-temperature process required for clinker production. In response to environmental concerns and regulations, cement manufacturers are increasingly embracing sustainable practices. This includes reducing CO2 emissions through innovative technologies like Carbon Capture and Utilization (CCU). Ongoing research and development efforts are dedicated to enhancing both the performance and sustainability of Portland cement. Innovations in cement production, such as the utilization of alternative fuels and raw materials, are effectively reducing the environmental impact. It is crucial for cement manufacturers to comply with stricter environmental standards and regulations related to cement production and emissions. By adopting more sustainable practices and ensuring compliance with environmental standards, cement manufacturers can contribute to a greener future while maintaining the integrity of the Portland cement segment.
Based on application, Sliding segment is projected to dominate the market throughout the forecast period. The housing sector plays a pivotal role in driving the fiber cement siding market. As populations continue to grow and urbanize, there is an increasing demand for new housing, renovations, and exterior upgrades, which in turn fuels the need for reliable siding materials. Fiber cement siding offers a cost-effective alternative while maintaining its visual appeal by closely mimicking the appearance of wood, stone, and other premium materials. Its durability contributes to sustainability as buildings with fiber cement siding require fewer replacements over time, resulting in reduced material consumption and waste. Moreover, advancements in coating technologies enhance the weather resistance and color retention of fiber cement siding, thereby reducing maintenance requirements. Apart from international players, many regions have local manufacturers that provide fiber cement siding products tailored to specific market preferences. As energy efficiency gains importance, certain fiber cement siding products are designed to incorporate insulation materials, thereby enhancing the thermal performance of buildings.
Key market players
in the Global Fiber Cement Market are:-
- Cembrit Holding A/S
- Mercer International Incorporated
- CSR Limited
- Etex Group
- US Silica Holdings Incorporated
- Dow Chemical Company
- Everest Industries Limited
- James Hardie Industries PLC
- Nichiha Co. Ltd
- Akzo Nobel NV
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“The Fiber Cement Market in Asia Pacific is poised to be the dominant force in the industry. Governments throughout the region are making substantial investments in infrastructure development, encompassing the creation of roads, bridges, airports, and public buildings. The robust demand for fiber cement products, renowned for their durability and versatility, is driven by these projects. This heightened demand has intensified the competition among fiber cement manufacturers, both domestic and international, fostering innovation and product diversification.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Fiber Cement Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Material (Portland, Silica, Cellulosic and Others), By Application (Siding, Roofing, Cladding, Molding & Trimming and Others), By End-use (Residential and Non-Residential), By Region, By Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of Global Fiber Cement Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Fiber Cement Market.
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