Fiber Cement Board Market is expected to grow at a robust CAGR
Sustainable
construction practices and durability and longevity are likely to propel the
market of Fiber Cement Board in the forecast period.
According
to TechSci Research report, “Fiber
Cement Board Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast 2018-2028”, the Global Fiber Cement Board Market is
expected to register robust growth during the forecast period.
The
growing focus on sustainability and eco-friendly construction practices is a
significant driver propelling the fiber cement board market. Businesses in the
construction industry are increasingly recognizing the importance of using
materials that reduce the environmental impact of their projects. Fiber cement
boards, composed of a mixture of cement, cellulose fibers, and sand, are
inherently eco-friendly. These boards are often manufactured using recycled
materials and sustainable sourcing practices, aligning with green building
standards and certifications such as LEED (Leadership in Energy and
Environmental Design). As the construction sector seeks to minimize carbon
footprints and meet stringent environmental regulations, fiber cement boards
provide a viable solution. Moreover, fiber cement boards contribute to energy
efficiency in buildings due to their thermal resistance properties, reducing
the need for heating and cooling. This aligns with energy-saving initiatives
and cost-effectiveness, further driving their adoption.
Rapid
urbanization and robust construction activities are driving the demand for
fiber cement boards in the global market. As urban populations expand and
cities undergo significant development, there is a growing need for durable and
high-performance construction materials. Fiber cement boards find extensive use
in both residential and commercial construction projects. In residential
applications, they are favored for siding, roofing, and trim due to their
longevity and resistance to moisture and pests. In commercial projects, they
are chosen for exterior cladding and interior wall panels, offering both
aesthetic versatility and structural integrity. Emerging economies,
particularly in Asia-Pacific and Latin America, are experiencing substantial
urbanization and infrastructure development. This trend, coupled with the need
for sustainable and cost-effective building solutions, has led to increased adoption
of fiber cement boards.
The
Global Fiber Cement Board market is segmented based on raw material,
application, end user, product and region. Based on raw material, the market is
segmented into portland cement, silica, cellulosic fiber, and other raw
material. Based on application, the
market is segmented into siding,
roofing, molding and trim, trim wall, flooring, curtain walls, and others.
based on end user, the market is segmented into commercial, and residential.
Based on product the market is segmented into high-density board, medium
density board, and low-density board. Based on region, the market is
further bifurcated into North America, Asia-Pacific, Europe, South America,
Middle East & Africa.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Fiber Cement Board Market."
Based
on application, the Siding segment had the largest market share in
2022 and expected to maintain during the forecast period. Siding stands out as
a primary and pivotal application within the global fiber cement board market.
It plays a central role in propelling the market forward. The application of
fiber cement boards for siding is a potent driving force in the worldwide market.
These boards have firmly established themselves as the favored material for
siding in a wide spectrum of construction ventures, spanning from residential to
commercial projects. The reasons behind their ascendancy are their
adaptability, robustness, and aesthetic appeal, which collectively render them
a dominant choice within the siding segment. This preference extends across
diverse construction sectors, encompassing not only residential but also
commercial and institutional settings
Based
on product, the high density is set to take the lead in the market for the
foreseeable future. High-density fiber cement boards are engineered to
withstand harsh weather conditions, moisture, UV radiation, and temperature
fluctuations. This durability makes them well-suited for use in coastal areas
prone to salt spray, regions with extreme temperature variations, and areas
with heavy rainfall or high humidity. High-density fiber cement boards exhibit
enhanced moisture resistance, which is essential for preventing water
infiltration and damage. This characteristic is especially valuable in regions
with high humidity, frequent rain, or coastal locations where buildings are
exposed to saltwater. Like standard-density fiber cement boards, high-density
variants maintain excellent fire-resistant properties. This makes them suitable
for applications where fire safety is a priority, such as commercial buildings,
hotels, and residential structures in areas with strict fire codes. The market
for high-density fiber cement boards is niche compared to the broader fiber
cement board market. Their specialized characteristics and applications limit
their widespread use and appeal primarily to specific industries and projects.
Key
market players in the Global Fiber Cement Board Market are:
- James
Hardie Industries PLC
- Etex
Group
- CSR
Limited
- Cembrit
Holding AS
- Allura
Inc.
- Everest
Industries Limited
- American
Fiber Cement Corporation
- Nichiha
Corporation
- Hume
Cemboard Industries Sdn Bhd
- Swisspearl
Holding AG
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“The
Global Fiber Cement Board market is expected to boost in the upcoming years and
register a significant CAGR during the forecast period. The growth of the
global fiber cement board market is driven by the increasing demand for
sustainable building materials. Fiber cement boards are a sustainable
alternative to traditional building materials, such as wood and concrete. They
are also a cost-effective option, making them a popular choice for builders and
homeowners. The growth of the global fiber cement board market is also driven
by the increasing demand for fire-resistant building materials. Fiber cement
boards are highly fire-resistant, making them a popular choice for use in
high-rise buildings and other structures where fire safety is a major concern..
Therefore, the market for fiber cement board is likely to propel in the
upcoming years..” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Fiber
Cement Board Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast By Raw Material (Portland
Cement, Silica, Cellulosic Fiber, Other Raw Material), Application (Siding,
Roofing, Molding and Trim, Trim Wall, Flooring, Curtain Walls, Others),
End-User (Commercial, Residential), Product (High-Density Board, Medium Density
Board, Low-Density Board), By Region, 2018-2028” has evaluated the future growth
potential of Global Fiber Cement Board 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 Board Market.
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