September 23, 2020

Fiber Cement Market Future Challenges and Industry Growth Outlook 2025

The Global Fiber Cement Market is projected to reach a value of over USD 21.8 billion by 2027 at a CAGR of around 4.2%.

Fiber cement is also known as the composite building or construction material of wood fibers, Portland cement, water, and silica, which is used in construction activities, due to its fire and impact resistant properties. Fiber cement is a low-cost composite material and provides resistance to fungi, mold, and bacteria, thus increasing its durability. It is used for exterior wall cladding, partition walls, ceilings, and decorative applications. Fiber cement decorative cladding is used for rain screen applications, while fiber cement boards are used in tunnels, corridors, shopping malls, hotel lobbies, and residential buildings, among others. It is chemically inert and, hence, can directly be dumped in landfills without causing harm to the environment.

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Fiber Cement Market: Drivers & Opportunities

Market Driver:

  • Increasing Government Regulations on Use of Asbestos

Asbestos is a group of six naturally occurring fibrous minerals composed of thin, needle-like fibers. Exposure to asbestos causes several cancers and diseases, including mesothelioma and asbestosis. Asbestos is an effective insulator, and it can be used in cloth, paper, cement, plastic and other materials to make them stronger. But when asbestos dust is inhaled or ingested, mineral fibers can become permanently trapped in the body. Although asbestos strengthens and fireproofs materials, it is banned in many countries. More than 50 countries, including the United Kingdom, Australia, Canada and all 28 countries of the European Union, have banned the use of asbestos. But the U.S. continues to import and use asbestos with no plan for stricter regulations in place. Thus, increasing government regulation of the use of asbestos has expected to drive the fiber cement market globally.

Market Opportunities:

  • Growing Urbanization and Population in Emerging Economies

Globally, all future population growth will take place in cities, nearly all of it in Africa, Asia-Pacific, and South America. In contrast to the past, the role of migration in that growth will be smaller than the natural increase in most countries. This indicates a decisive shift from rural to urban growth, shifting a balance that has lasted for millennia between urban and rural areas. The world’s urban population is expected to grow from 4.2 billion in 2019 to 7 billion by 2050. Thus, as population and urbanization increase the demand for fiber cement will also increase for construction activities, which will be expected to create a huge market opportunity for the key market players.

Fiber Cement Market: Key Segments

  • Segmentation based on material: Portland Cement, Sand, Cellulosic Material (Fiber), and Others
  • Segmentation based on application: Molding and Trim, Siding, Roofing, Wall Partitions, Flooring, Backer Boards, and Others
  • Segmentation based on end-user: Residential and Non-Residential.
  • Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis.

Fiber Cement Market: Report Scope

The report on the Fiber Cement market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

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List of the leading companies operating in the Fiber Cement Market include:

  • James Hardie Industries PLC. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Evonik Industries AG
  • ETEX Group
  • Toray Industries
  • CSR Limited
  • Nichiha Corporation
  • Cembrit Group A/S
  • The Siam Cement Public Company Limited
  • Plycem Corporation
  • Beijing Hocreboard Building Materials Co. Ltd
  • Zhejiang Headerboard Building Materials Co., Ltd.
  • Zhejiang Hailong New Building Materials Co., Ltd.
  • Swisspearl
  • Allura
  • LatoOjsc
  • Everest
  • Shera Public Company Limited
  • CoverworldUK
  • TepeBetopan A.S.
  • Jiahua Special Cement Co., Ltd.
  • Other Key Companies

Fiber Cement Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Fiber Cement Market, by Material

  • Portland Cement
  • Sand
  • Cellulosic Material (Fiber)
  • Others
  • Non-metallic

Fiber Cement Market, by Application

  • Molding and Trim
  • Siding
  • Roofing
  • Wall Partitions
  • Flooring
  • Backer Boards
  • Others

Fiber Cement Market, by End-Use

  • Residential
  • Non-Residential
    • Industrial
    • Commercial
    • Agricultural

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Fiber Cement Market by Region

  • Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
  • North America (US, Canada, Mexico)
  • Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
  • Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
  • South America (Brazil, Argentina, Rest of South America)

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Table of Content

    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
    1. Introduction
    2. Drivers
      1. Increasing Government Regulations on Use of Asbestos
      2. Rising Construction Industry
    3. Restraint
      1. High Installation Cost of Fiber Cement Products
    4. Opportunities
      1. Growing Urbanization and Population in Emerging Economies
      2. Growing Demand for Fiber Cement Over Its Alternatives
    5. Challenges
      1. Volatile Raw Material Prices
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  2. GLOBAL FIBER CEMENT MARKET BY MATERIAL, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Portland Cement
    3. Sand
    4. Cellulosic Material (Fiber)
    5. Others
  3. GLOBAL FIBER CEMENT MARKET BY APPLICATION, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Molding and Trim
    3. Siding
    4. Roofing
    5. Wall Partitions
    6. Flooring
    7. Backer Boards
    8. Others
  4. GLOBAL FIBER CEMENT MARKET BY END-USE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Residential
    3. Non-Residential
      1. Industrial
      2. Commercial
      3. Agricultural
  5. GLOBAL FIBER CEMENT MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    3. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
    1. James Hardie Industries PLC.
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
    2. Evonik Industries AG
    3. ETEX Group
    4. Toray Industries
    5. CSR Limited
    6. Nichiha Corporation
    7. Cembrit Group A/S
    8. The Siam Cement Public Company Limited
    9. Plycem Corporation
    10. Beijing Hocreboard Building Materials Co. Ltd
    11. Zhejiang Headerboard Building Materials Co., Ltd.
    12. Zhejiang Hailong New Building Materials Co., Ltd.
    13. Swisspearl
    14. Allura
    15. LatoOjsc
    16. Everest
    17. Shera Public Company Limited
    18. CoverworldUK
    19. TepeBetopan A.S.
    20. Jiahua Special Cement Co., Ltd.
    21. Other Key Companies
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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