Fiber Cement Board Market, By Type (Low Density Fiber Cement Board, Medium Density Fiber Cement Board, and High Density Fiber Cement Board), By Raw Material (Sand, Portland Cement, Cellulosic Material, and Others), By Application (Commercial Buildings and Residential Buildings), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2027

Fiber Cement Board Market Accounted For US$ 6.69 Billion In 2018 And Is Estimated To Be US$ 21.6 Billion By 2026 And Is Anticipated To Register A CAGR Of 15.7%. 

Fiber cement is also termed as composite building material or construction material of wood fibers, water, Portland cement, and silica, which is applicable in construction activities. They possess excellent properties such as high durability, versatility, resistance to water, thermal insulation, high strength and flexibility. Hence, it is extensively utilized in manufacturing roofing and façade products. Professional builders, homeowners, and contractors have favored them to asbestos cement products. These products have low maintenance cost, therefore, widely used in the siding, trimming, roofing, and other areas. Fiber cement enhances performance and reduces the commercial value. In addition, it provides benefits for construction products such as cladding and roofing.

Rising demand from residential sector

Fiber cement siding has wide range of features such as wear and tear resistance to concrete which in turn fixes to the exterior of a house or other structures. Further, it can provide sustainability to the house by some of the harshest elements of the local environments. Residential industry is the chief end-user industry for fiber cement. Growing middle-class population, along with rising disposable incomes, has aided to an expansion in the middle-class housing segment. Thus, there is increased in the projection of fiber cement use, within the segment, over the forecast period.

Increasing government initiatives

Across the globe, Asia-Pacific has the highest construction market, which is dominated by India, China, and various Southeast Asian countries. The government initiated the project in India, called ‘Housing for All by 2022’, which is projected to massively boost the low-cost residential construction segment in the country, over the forecast period. Additionally, the Indian government has taken a decision under the Pradhanmantri Awas Yojana, to provide interest subvention of 3% and 4% for loans of up to US$ 18,000 and US$ 13,500, respectively, for the lower strata of the society, with respect to building and buying homes.

Conversely, the subsequent maintenance costs and high initial installation cost of fiber cement board might limit the target market growth. Lack of skilled labor required for installation of these boards is another major factor restraining target market growth.

The global fiber cement board market is segmented based on type, raw material, application, and region.

On the basis of type, the global fiber cement board market is segmented into low density fiber cement board, medium density fiber cement board, and high density fiber cement board. Based on raw material, the target market is segmented into sand, portland cement, cellulosic material, and others. On the basis of application, the target market is classified into commercial buildings and residential buildings

Regional Insights:

On region the global fiber cement board market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to maintain its dominance over the forecast period, due to rapidly growing construction activities in contributed for the higher demand for fiber cement. Additionally, growing demand for fiber cement in emerging economies such as North America and Europe due to presence of stringent regulations and the turnaround of manufacturing industries is projected to show substantial growth in the coming years. The U.S. and Japan are measured the fastest growing markets for fiber cement and are projected to continue this growth trend over the forecast period. The residential sector is expected to grow rapidly in emerging nations such as India, China, and Canada.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2019 to 2027. For the purpose of this study, has segmented the global fiber cement board market report based on type, raw material, application, and region.

Global Fiber Cement Board Market, By Type:

• Low Density Fiber Cement Board
• Medium Density Fiber Cement Board
• High Density Fiber Cement Board

 Global Fiber Cement Board Market, By Raw Material:

• Sand
• Portland Cement
• Cellulosic Material
• Others

Global Fiber Cement Board Market, By Application:

• Commercial Buildings
• Residential Buildings

Global Fiber Cement Board Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating the global fiber cement board market includes Elementia SA de CV, SCG Building Materials, Allura USA, Thai Olympic Fibre-cement Co., Ltd., Swisspearl, PENNY PANEL, Plycem Corporation, FRAMECAD, LTM LLC, and TEPE Betopan. Many key players have developed advanced technologies for manufacturing products that meet strict quality standards adopted by regulatory authorities. Moreover, companies are heavily investing in research and development in order to introduce new and improved products in the market. For instance, in August 2018, Elementia, S.A.B. de C.V. declared the launch of a cement grinding facility in Yucatan, Mexico; with a total investment possibly reaching US$ 30 million, starting with a production line that has an installed capacity of over 250,000 tons annually.

• Elementia SA de CV
• SCG Building Materials
• Allura USA
• Thai Olympic Fibre-cement Co., Ltd.
• Swisspearl
• PENNY PANEL
• Plycem Corporation
• FRAMECAD, LTM LLC
• TEPE Betopan