Fiber Cement Board Market To Reach USD 22.21 Billion at a CAGR of 4.83% by 2030 | Reports and Data

Published April 4, 2023

According to the current analysis of Reports and Data, the global Fiber Cement Board Market was valued at USD 14.5 Billion in 2021 and is expected to reach USD 22.21 Billion by the year 2030, at a CAGR of 4.83%. The Fiber Cement Board (FCB) is a building material that has been used in construction activities as building materials by mixing cement with various organic or mineral fibers at specified ratios. The addition of fibers to fiber cement imparts several attributes that are important to the application and serviceability of the composites. Some of these attributes include resistance to cracking, a lighter weight, and a degree of flexibility that are important to the fiber cement board market. These boards are majorly used for decorative purposes such as sidings, flooring, ceiling, roofing materials, soffit and trims, and as a tile backing board. It is preferred for building good quality and long-lasting furniture and homes due to properties such as high resistance to water, fire, and termites.

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Top Lading Players: James Hardie Industries Plc, Etex Group NV, Everest Industries Ltd., Hume Cemboard Industries Sdn Bhd, Cembrit Holding A/S, Soben International Ltd., NICHIHA Co. Ltd, Mahapant Fibre Cement Co. Ltd., WB Construction Services Inc., Penny Panel, GAF Materials LLC, Elementia SAB de CV, and TPI Polene Public Company Ltd.

Some Key Highlights from the Report:

  • Fibre Cement Board Market has a rising demand for the end-use application for the commercial and non-commercial markets. Rising awareness regarding energy-efficient constructions, the need for renovation of old buildings, increasing over-cladding activities, and government regulations for green buildings are expected to propel the demand over the forecast period.
  • The sand material segment is forecasted to lead the global Fibre cement board market during the forecast period. The addition of sand as material increases the binding properties of the cement. Tests have shown that the strength of cement mortar increases with increasing sand content. The segment registered the fastest growth in 2019
  • The residential end-use segment is the fastest-growing segment, registering a CAGR of 5.32% owing to the rising residential construction activities to meet the requirements for the rising population.
  • In the application segment, the siding is accounted for the largest market share in the fiber cement board market. The chief driver for this segment is the major use of sidings to cover the exterior of a building in both commercial and domestic applications and the advantage of easy installation of fiber cement boards.
  • Key Industry players such as James Hardie are increasingly providing the fibre cement boards in various building, construction, and infrastructure projects.
  • High costs of installation and setup are one of the important factors hindering global fiber cement board market growth.

Segments covered in the report:

Material (Revenue, USD Million; Volume in Million Sq. Ft., 2019–2030)

  • Sand
  • Portland Cement
  • Cellulosic Material
  • Others

Product (Revenue, USD Million; Volume in Million Sq. Ft., 2019–2030)

  • High-Density Board
  • Medium Density Board
  • Low-Density Board

Production Process (Revenue, USD Million; Volume in Million Sq. Ft., 2019–2030)

  • Hatschek Process
  • Extrusion Process
  • Pertile Process

Application (Revenue, USD Million; Volume in Million Sq. Ft., 2019–2030)

  • Siding
    • Shingle Siding
    • Sheet Form Siding
    • Lap Siding
    • Stucco or Brick Siding
  • Roofing
  • Molding & Trim
  • Trim Wall
  • Flooring
  • Curtain Walls
  • Others

End-Use (Revenue, USD Million; Volume in Million Sq. Ft., 2019–2030)

  • Commercial
    • Exterior
    • Interior
  • Residential
    • Exterior
    • Interior

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Regional Outlook:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

  • What are the dominating factors that are influencing the growth of the industry?
  • In the forecast period, which market segment is expected to rise the most?
  • What are the risks and challenges that the industry is facing?
  • In the coming years, which area is projected to dominate the market?
  • Who are the major players in the market?
  • What kind of strategic business plans have they made?

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The post Fiber Cement Board Market To Reach USD 22.21 Billion at a CAGR of 4.83% by 2030 | Reports and Data appeared first on Market O Graphics.

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