Fiber Cement Market Scope
Fiber Cement Market gives information on industry dynamics, drivers, trends, market segmentation by Material (Portland Cement, Application (Siding, Molding & Trim, Backer boards, Flooring, Roofing, Wall Partitions), End use (Residential, Non-residential) and Region. A detailed study on the global Fiber Cement Market outlook is performed by determining industry drivers, special opportunities, marketing restraints, and market size.
The fiber cement market is projected to reach USD 20.3 billion by 2025, at a CAGR of 4.4%. It gives comprehensive insights of major growth factors that influence the Grocery Retail research methodology, market forces, top impacting factors and industry trend analysis. Fiber Cement Market report delivers information on market size, share, growth, expert review and competitive landscape, SWOT analysis, and product portfolio of growing key players with their revenue details, new investment plans and development forecast.
Fiber Cement Market Drivers and Restraints
The fiber cement market is driven by factors such as increasing construction activities, particularly in the residential sector, and the growing use of fiber cement in various applications, such as roofing, siding, and flooring. Additionally, the durability and fire resistance of fiber cement products, as well as the low maintenance requirements, are also driving the market growth.
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However, the market is also facing some restraints, such as the high cost of raw materials and the availability of alternative materials, such as vinyl siding and engineered wood. Additionally, the harmful emissions produced during the production process of fiber cement may also hinder market growth.
Which industry is projected to increase the demand for Fiber Cement Market?
Fiber cement is a composite material made from a mixture of cement, sand, cellulose fibers, and water. It is widely used in construction due to its durability, versatility, and resistance to fire, moisture, and insects. The fiber cement market has had a significant impact on the construction industry in several ways:
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Durability and Longevity: Fiber cement is known for its long service life, which reduces the need for frequent repairs or replacements, thus saving costs for building owners and contractors.
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Sustainability: Fiber cement is made from natural, renewable resources and is recyclable, which makes it an environmentally friendly option for construction projects.
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Fire Resistance: Fiber cement has excellent fire resistance properties, making it a popular choice for fire-resistant building materials. This is particularly important in areas that are prone to fires.
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Dimensional Stability: Unlike other building materials, fiber cement does not shrink or expand with temperature changes, which makes it ideal for use in areas with extreme temperature fluctuations.
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Versatility: Fiber cement can be molded into various shapes and sizes, and can be used for a wide range of applications, such as siding, roofing, flooring, and partitioning.
In terms of value & volume, Portland cement is estimated to dominate the fiber cement market in 2019.
Portland cement, by material, accounted for the largest market share in the fiber cement market. Portland cement is the most widely used type of cement, which is used for making concrete and mortar. The chief chemical components of Portland cement are calcium, silica, alumina, and iron. It is a reasonably priced material and is readily available, which makes it one of the widely used materials for construction globally.
In terms of value and volume, siding is estimated to lead the fiber cement market in 2019.
Sding, by application, led the fiber cement market in 2019, in terms of value and volume. Siding is the major application of fiber cement in both residential and non-residential constructions. In this application, fiber cement is applied to the exterior sides of the walls to protect them from the effects of extreme weather conditions. Fiber-cement siding also improves the aesthetic appeal of the buildings. Fiber-cement siding is affordable and most suitable for regions having extreme weather conditions.
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Non-residential is estimated to be the largest segment in the fiber cement market in 2019.
Non-residential, by end-use, accounted for the most significant demand for fiber cement in 2019, in terms of value and volume. This is primarily due to favorable and lenient lending policies initiated by governments across the world, which is driving the growth of non-residential construction projects. The residential construction spending is estimated to increase, particularly in emerging regions, including Asia Pacific and Latin America. Rapid urbanization is observed in these regions, resulting in a higher growth rate of the residential sector than that of developed regions.
R Etex Group NV (Belgium), James Hardie Industries PLC (Ireland), Evonik Industries AG (Germany), Toray Industries Inc (Japan), and CSR Limited (Australia), are the key players operating in the fiber cement market. Expansions & investments, and acquisitions are some of the significant strategies adopted by these key players to enhance their positions in the fiber cement market.
Table of Contents:
- Executive Summary
- Scope/opportunities of the fiber cement market Report
- Research Methodology
- fiber cement market Landscape
- SWOT Analysis
- Market Sizing
- fiber cement market Segmentation
- Customer Landscape
- Regional Landscape
- Business Decision Framework
- Drivers And Challenges
- Aerosol Cans Market Key Trends
- Players Landscape
- Players Analysis
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