Press release
Fiber Cement Market Size to Boost USD 25.02 Billion By 2030 | CAGR 4.4% - Published by Emergen Research
Fiber Cement Market
Fiber cement is a composite material made primarily from cement, sand, and cellulose fibers, offering properties such as high strength, fire resistance, and resistance to moisture, insects, and rot. It finds extensive applications in both residential and commercial construction, including siding, roofing, trim, and facades. As builders and homeowners seek alternatives to traditional materials like wood and vinyl, fiber cement emerges as a popular choice due to its durability, longevity, and aesthetic versatility.
The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Drivers of the Fiber Cement Market :
Several factors are driving the expansion of the fiber cement market. One key driver is the increasing construction activity worldwide, particularly in emerging economies experiencing rapid urbanization and infrastructure development. Fiber cement's ability to withstand harsh weather conditions and its low maintenance requirements make it well-suited for use in diverse climates and building types. Moreover, growing awareness of the environmental benefits of fiber cement, such as its recyclability and energy efficiency, contributes to its adoption as a sustainable building material.
Growth Factors of the Fiber Cement Market :
The fiber cement market is propelled by various growth factors, including technological advancements that enhance product performance and manufacturing efficiency. Innovations in fiber reinforcement, surface treatments, and installation methods have expanded the application scope of fiber cement and improved its overall quality. Additionally, the increasing availability of customizable options, such as different textures, colors, and profiles, allows architects and builders to achieve diverse design aesthetics while benefiting from fiber cement's durability and longevity. Furthermore, stringent building codes and regulations regarding fire safety and environmental sustainability drive the demand for fiber cement products in both residential and commercial construction projects.
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The report also discusses the key players involved in the market such as:
James Hardie Building Products Inc., Etex Group, Evonik Industries AG, TORAY INDUSTRIES, INC., CSR Limited, NICHIHA Co.,Ltd, Cembrit Holding A/S, SCG, los derechos reservados, Beijing Hocreboard Building Materials Co. Ltd.
The report provides a thorough estimation of the overall impact of the pandemic on the Fiber Cement Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Fiber Cement Market
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Fiber Cement Latest Industry News
On 24 June 2021, Mapei, a major provider of chemical solutions and products to the construction industry, and Elettrondata, a pioneer in automation systems for the production, and control of ready-mix concrete plants and management entered into a multi-year partnership agreement to provide services as well as equipment for production, quality control and transportation of ready-mix concrete.
On 25 August 2022, James Hardie Industries, a Chicago-based provider of fiber cement house siding as well as exterior engineering solutions, announced a partnership with Magnolia Home for an exclusive line of Hardie siding plus accessories. With the debut of this collection, James Hardie and Magnolia Home seek to encourage homeowners to explore the next frontier in home design while making the process of selecting quality materials that consumers can rely on easier.
Fiber Cement Market Segment Analysis :
For the purpose of this report, Emergen Research has segmented the fiber cement market on the basis of material, application, end-use, and region:
Material Outlook (Revenue, USD Million; 2019-2030)
Portland Cement
Sand
Cellulosic Material
Others
Application Outlook (Revenue, USD Million; 2019-2030)
Molding and Trim
Siding
Roofing
Wall Partitions
Flooring
Backer Boards
Others
End-Use Outlook (Revenue, USD Million; 2019-2030)
Non-Residential
Residential
Regional Outlook (Revenue, USD Million, 2019-2030)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Spain
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
Israel
Rest of MEA
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Eric Lee
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Emergen Research
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E-mail: sales@emergenresearch.com
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About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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