Fiber Cement Market to reach worth 17.38 Billion USD by 2021

The report "Fiber Cement Market by Material (Portland cement, Sand, Fiber, And Other Materials Including Paints and Additives), Application (Siding, Roofing, Molding & Trim, and Other Applications), End-Use (Residential and Non-Residential) - Forecast to 2021", The market for fiber cement was valued at USD 13.20 Billion in 2015. It is projected to grow at a CAGR of 4.80% between 2016 and 2021. The base year considered for the study is 2015. The objective of the report is to define, segment, and project the size of the fiber cement market on the basis of material, end use, application, and region and to provide detailed information regarding the main factors such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the market. The competition in the fiber cement industry is growing considerably owing to the growth of the construction industry and emergence of new technologies.

Browse 159 market data tables with 52 figures spread through 184 pages and in-depth TOC on "Fiber Cement Market - Forecast to 2021"

Residential sector to gain maximum traction during the forecast period

The residential sector is projected to be the fastest-growing segment by 2021. Favorable and lenient lending policies initiated by governments across all regions are one of the major factors driving this sector. Durability and aesthetics of fiber cement for applications such as siding and roofing have made them a popular choice in the residential construction market.

Download PDF Brochure:

The siding segment contributes maximum market share to the fiber cement market

Fiber cement siding is the largest application area. This is because fiber cement siding does not require maintenance and is impervious to degradation. Also, growing construction projects, both residential and commercial, have driven the market in this segment. Other application areas of fiber cement are roofing, molding & trim, countertops, and backer boards.

Asia-Pacific to play a key role in the market for fiber cement

On the basis of key regions, the market for fiber cement is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The Asia-Pacific region is the most attractive market for fiber cement. Rising economy and rapid growth in the infrastructure sector in this region have significantly impacted the growth of fiber cement. This region is projected to see the highest number of new constructions and infrastructural activities in the near future.

The ecosystem of fiber cement comprises distributors/suppliers such as Etex Group NV (Belgium), James Hardie Industries PLC (Ireland), Evonik Industries AG (Germany), Compagnie de Saint Gobain SA (France), and Toray Industries Inc (Japan). Other players in this market include CSR Limited (Australia), The Siam Cement Public Company Limited (Thailand), Nichiha Fiber Cement (Japan), Plycem USA, Inc. (U.S.), and Cembrit Holding A/S (Denmark), and government and environmental protection bodies which help the manufacturers in the development and growth of fiber cement, technologies, and markets.

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India