Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The Fiber Cement Rainscreen Panels market dynamics are significantly influenced by various different market factors. One of the reasons for its growth is increased demand and awareness of sustainable and long-lasting building materials. As environmental concerns mount, architects, builders and home owners search for such alternatives that can last as long as possible having minimal effects on environment. These panels have all these qualities since they are durable, weather resistant and eco-friendly.
On the other hand, the Fiber Cement Rainscreen Panels market benefits from the continuing growth of the construction industry particularly in commercial and residential sectors. These panels can be used in new constructions or renovating old ones because they are versatile enough to accommodate different architectural designs. Urbanization as well as infrastructure development has been increasing all over the world making them to be growing at a steady rate.
Additionally, fiber cement rainscreen panels Market is shaped by other notable trends including increased adoption of green building practices and use of modern technologies. Architects and builders have therefore included rainscreen systems in their design mixes so as to align with on-going emphasis on energy-efficiency, environmentally friendly building practices etc. This falls under their thermal performance enhancement through insulation panels hence contributing towards general energy efficiency of buildings.
Furthermore, competitive pricing coupled with availability of raw materials also affects Fiber Cement Rainscreen Panels market. They are extensively used due to cost considerations thereby replacing other alternative materials since it’s an industry which is price sensitive in this regard. Production costs may also depend upon available inputs for instance cement cellulose fibers among others used during production leading to fluctuation prices associated with fibercement rain screen panels within the market place.
Market dynamics concerning fiber cement rain screen panels depend on consumer preferences plus aesthetic appeal too. Some customers desire products that appear like wood or stone but have better durability properties similar to those found in fiber cement rainscreen panels while others prioritize over aesthetics functionalities too much. The users must however take advantage of these attributes by using the said panels to attain desired appearances without altering their functions.
Fiber Cement Rainscreen Panels Market Highlights:
Market Synopsis: Global Fiber Cement Rainscreen Panels Market
The construction industry has witnessed significant growth in the past few years, owing to an increased demand for buildings that use fiber cement panels, which are energy efficient materials. Fiber cement rainscreen panels offer effective solutions for temperature control and insulation while also meeting aesthetic requirements. These panels not only provide a range of benefits to buildings including protection against weather conditions, acoustic insulation, and fire protection but also ensures easy and quick installation and extended durability.
Fiber cement rainscreen panels are much more preferred over traditional roof panels and concrete panels as these panels are energy efficient and help in reducing the time required to complete construction projects. Since the focus on energy efficiency and economic feasibility in the construction industry has increased, the market for fiber cement rainscreen panels is anticipated to witness a tremendous growth rate during the forecast period. The increasing adoption rate of fiber cement rainscreen panels in the past few years can be attributed to their cost-effectiveness, which has created lucrative opportunities for the manufacturers.
However, the growth of the market might be hindered by the stringent regulations regarding the manufacturing of fiber cement panels products for rainscreen panels.
The global fiber cement rainscreen panels market was valued at USD 35,250 Million and is expected to witness a 12.8% CAGR during the forecast period. The base year considered for the study of the market is 2020 and the forecast period for the global fiber cement rainscreen panels market is 2021 to 2028.
Regional Analysis: Global Fiber Cement Rainscreen Panels Market
Geographically, the global fiber cement rainscreen panels market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Europe accounted for the largest market share of around 35%, and is expected to retain its dominance during the forecast period. This can be attributed to the subsequent increase in investments from the public and private sectors in infrastructural construction projects in the region. Furthermore, the demand for fiber cement rainscreen panels is driven by the governmental regulations regarding reducing greenhouse emissions, the need to improve the cost efficiency of the buildings, and the adoption of the regulations regarding energy efficiency. Additionally, the presence of major fiber cement rainscreen panel manufacturers in this region boosts the overall market growth, further. For instance, James Hardie Industries plc (Ireland), Saint-Gobain SA (France), and Evonik Industries AG (Germany) are some of the key manufacturers that contribute to the significant share of Europe in the global fiber cement rainscreen panels market.
Asia-Pacific is the fastest growing region in the global market, owing to the growing infrastructure and construction industries and the rapid urbanization and industrialization rates. Additionally, the governments of developing countries in Asia-Pacific also support investments in the construction industry through their FDI policies, which further influences the growth of the fiber cement rainscreen panels market. Asia-Pacific hosts a number of distributors, suppliers, and wholesalers, and all major manufacturers are working on expanding their presence in this region as they expect to generate huge profits above the return-on-investment. Furthermore, the various energy efficiency policies are creating opportunities for the players operating in the fiber cement rainscreen panels market in Asia-Pacific.
North America accounted for the second largest market, which is anticipated to exhibit sustainable growth rate during the forecast period. Repair and renovation activities in the real estate and commercial sector is projected to augment the demand for fiber cement rainscreen panels in North America during the forecast period.
Key Players
The Key Players operating in the global market are Etex Group NV (Belgium), Evonik Industries AG (Germany), Saint-Gobain SA (France), American Fiber Cement Corp (US), Cladding Corp (US), James Hardie Industries plc (Ireland), Evonik Industries AG (Germany), Cembrit (Ireland), Guangdong Soben Green, and Sanle Group.
Segmentation: Global Fiber Cement Rainscreen Panels Market
The global fiber cement rainscreen panels market has been segmented based on type and application. On the basis of type, the global market is segmented into ultra-thin panels, thick panels, super thick panels, and conventional panels. On the basis of application, the global market is segmented as residential, commercial, and industrial. Â
On the basis of type, ultra-thin panels segment accounted for the largest market share of approximately 40% in the overall fiber cement rainscreen panels market. This segment is anticipated to witness significant growth rate, as these panels are cost-effective and provide good thermal insulation, long lifespan, air-tightness, and low maintenance costs. Applications of ultra-thin panels include rainscreen cladding systems and rainscreen wall systems for both residential and commercial buildings. These features make ultra-thin panels the dominating segment in the global fiber cement rainscreen panels market.
On the basis of application, the residential segment held the largest market share in 2018, which is expected to hold its position by 2024. This segment is also anticipated to witness the maximum growth rate in the market due to the rising demand for roofing and rainscreen wall systems in the construction industry.
The global fiber cement rainscreen panels market is extremely fragmented with many players, across the globe. The players adopted various strategies to expand their global presence and increase their market shares. Some of the key strategies adopted by the players are expansions, investments, acquisitions, product development, and agreements.
Intended Audience:
- Raw Material Suppliers
- End Users
- Manufacturers
- Traders and Distributors
- Regulatory Bodies
- Market Research and Consulting Firms
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
