Fiber Cement Board Market Research Report - Global Forecast till 2030

Fiber Cement Board Market Research Report: By Raw Material (Portland Cement, Silica), By Type (Low-Density Fiber Cement Board, Medium-Density Fiber Cement Board, High-Density Fiber Cement Board) and By Application (Residential Buildings, Non-Residential Buildings) – Forecast to 2030

ID: MRFR/CO/6789-HCR | February 2021 | Region: Global | 111 Pages         

Table of Contents

1. Executive Summary

1.1. Market Introduction

1.1.1 Global Fiber Cement Board Market, by Raw Material

1.1.2 Global Fiber Cement Board Market, by Type

1.1.3 Global Fiber Cement Board Market, by Application

1.1.4 Global Fiber Cement Board Market, by Region

2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.3 Market Structure

2.4 Key Takeaways

2.5 Key Buying Criteria

2.6 Macro Factor Indicators Analysis

3. Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

3.6 List of Assumptions

4. Market Insights

5. Market Dynamics

5.1 Introduction

5.2 Drivers

5.2.1 Growth of the Construction Industry

5.2.2 Drivers Impact Analysis

5.3 Restraint

5.3.1 Restraints Impact Analysis

5.4 Opportunity

6. Market Factor Analysis

6.1 Supply/Value Chain Analysis

6.2 Porter’s Five Forces Model

6.2.1 Threat of New Entrants

6.2.2 Bargaining Power of Suppliers

6.2.3 Bargaining Power of Buyers

6.2.4 Threat of Substitutes

6.2.5 Intensity of Rivalry

7. Global Fiber Cement Board Market, by Raw Material (Value & Volume)

7.1 Overview

7.2 Portland Cement

7.2.1 Portland Cement: Market Estimates & Forecast, by Region/Country, 2020-2027

7.3 Silica

7.3.1 Silica: Market Estimates & Forecast, by Region/Country, 2020-2027

8. Global Fiber Cement Board Market, by Type (Value & Volume)

8.1 Overview

8.2 Low-Density Fiber Cement Board

8.2.1 Low-Density Fiber Cement Board: Market Estimates & Forecast, by Region/Country, 2020-2027

8.3 Medium-Density Fiber Cement Board

8.3.1 Medium-Density Fiber Cement Board: Market Estimates & Forecast, by Region/Country, 2020-2027

8.4 High-Density Fiber Cement Board

8.4.1 High-Density Fiber Cement Board: Market Estimates & Forecast, by Region/Country, 2020-2027

9. Global Fiber Cement Board Market, by Application (Value & Volume)

9.1 Overview

9.2 Residential Buildings

9.2.1 Residential Buildings: Market Estimates & Forecast, by Region/Country, 2020-2027

9.3 Non-Residential Buildings

9.3.1 Non-Residential Buildings: Market Estimates & Forecast, by Region/Country, 2020-2027

10 Global Fiber Cement Board Market, by Region (Value & Volume)

10.1 Overview

10.2 North America

10.2.1 US

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Spain

10.3.5 Rest of Europe

10.4 Asia-Pacific

10.4.1 China

10.4.2 Japan

10.4.3 India

10.4.4 Rest of Asia-Pacific

10.5 Middle East & Africa

10.5.1 Saudi Arabia

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest of the Middle East & Africa

10.6 South America

10.6.1 Argentina

10.6.2 Brazil

10.6.3 Rest of South America

11 Competitive Landscape

11.1 Competitive Overview

11.2 Competitor Dashboard

11.3 Major Growth Strategies in the Global Fiber Cement Board Market

11.4 Competitive Benchmarking

11.5 Market Share Analysis

11.6 XXXX: The Leading Player in Terms of Number of Developments in the Global Fiber Cement Board Market

11.7 Key Product Developments & Growth Strategies

11.7.1 New Product Launches

11.7.2 Mergers & Acquisitions

11.7.3 Joint Ventures

12 Company Profiles

12.1 James Hardie Europe GmbH

12.1.1 Company Overview

12.1.2 Financial Overview

12.1.3 Product/Service Offerings

12.1.4 Key Developments

12.1.5 SWOT Analysis

12.1.6 Key Strategies

12.2 Etex

12.2.1 Company Overview

12.2.2 Financial Overview

12.2.3 Product/Service Offerings

12.2.4 Key Developments

12.2.5 SWOT Analysis

12.2.6 Key Strategies

12.3 Cembrit Holding A/S

12.3.1 Company Overview

12.3.2 Financial Overview

12.3.3 Product/Service Offerings

12.3.4 Key Developments

12.3.5 SWOT Analysis

12.3.6 Key Strategies

12.4 SHERA

12.4.1 Company Overview

12.4.2 Financial Overview

12.4.3 Product/Service Offerings

12.4.4 Key Developments

12.4.5 SWOT Analysis

12.4.6 Key Strategies

12.5 Soben International (Asia Pacific) Ltd

12.5.1 Company Overview

12.5.2 Financial Overview

12.5.3 Product/Service Offerings

12.5.4 Key Developments

12.5.5 SWOT Analysis

12.5.6 Key Strategies

12.6 SCG

12.6.1 Company Overview

12.6.2 Financial Overview

12.6.3 Product/Service Offerings

12.6.4 Key Developments

12.6.5 SWOT Analysis

12.6.6 Key Strategies

12.7 Biele Group

12.7.1 Company Overview

12.7.2 Financial Overview

12.7.3 Product/Service Offerings

12.7.4 Key Developments

12.7.5 SWOT Analysis

12.7.6 Key Strategies

12.8 LATONIT

12.8.1 Company Overview

12.8.2 Financial Overview

12.8.3 Product/Service Offerings

12.8.4 Key Developments

12.8.5 SWOT Analysis

12.8.6 Key Strategies

12.9 NICHIHA

12.9.1 Company Overview

12.9.2 Financial Overview

12.9.3 Product/Service Offerings

12.9.4 Key Developments

12.9.5 SWOT Analysis

12.9.6 Key Strategies

12.10 Everest Industries

12.10.1 Company Overview

12.10.2 Financial Overview

12.10.3 Product/Service Offerings

12.10.4 Key Developments

12.10.5 SWOT Analysis

12.10.6 Key Strategies

12.11 Toray Industries Inc.

12.11.1 Company Overview

12.11.2 Financial Overview

12.11.3 Product/Service Offerings

12.11.4 Key Developments

12.11.5 SWOT Analysis

12.11.6 Key Strategies

13 Appendix

13.1 References

13.2 Related Reports

13.3 List of Abbreviations

Note: The financial information of privately held companies might not be available. 

List of Tables

TABLE 1 GLOBAL FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 2 GLOBAL FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 3 GLOBAL FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 4 GLOBAL FIBER CEMENT BOARD MARKET, BY REGION

TABLE 5 NORTH AMERICA: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 6 NORTH AMERICA: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 7 NORTH AMERICA: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 8 US: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 9 US: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 10 US: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 11 CANADA: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 12 CANADA: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 13 CANADA: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 14 MEXICO: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 15 MEXICO: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 16 MEXICO: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 17 EUROPE: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 18 EUROPE: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 19 EUROPE: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 20 GERMANY: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 21 GERMANY: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 22 GERMANY: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 23 FRANCE FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 24 FRANCE FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 25 FRANCE FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 26 UK: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 27 UK: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 28 UK: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 29 SPAIN: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 30 SPAIN: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 31 SPAIN: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 32 REST OF EUROPE: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 33 REST OF EUROPE: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 34 REST OF EUROPE: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 35 ASIA-PACIFIC: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 36 ASIA-PACIFIC: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 37 ASIA-PACIFIC: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 38 CHINA: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 39 CHINA: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 40 CHINA: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 41 JAPAN: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 42 JAPAN: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 43 JAPAN: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 44 INDIA: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 45 INDIA: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 46 INDIA: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 47 REST OF ASIA-PACIFIC :FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 48 REST OF ASIA-PACIFIC: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 49 REST OF ASIA-PACIFIC: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 50 MIDDLE EAST & AFRICA: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 51 MIDDLE EAST & AFRICA: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 52 MIDDLE EAST & AFRICA: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 53 SAUDI ARABIA: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 54 SAUDI ARABIA: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 55 SAUDIA ARABIA: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 56 UAE: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 57 UAE: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 58 UAE: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 59 SOUTH AFRICA: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 60 SOUTH AFRICA: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 61 SOUTH AFRICA: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 62 REST OF THE MIDDLE EAST & AFRICA: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 63 REST OF THE MIDDLE EAST & AFRICA: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 64 REST OF THE MIDDLE EAST & AFRICA: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 65 SOUTH AMERICA: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 66 SOUTH AMERICA: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 67 SOUTH AMERICA: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 68 ARGENTINA: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 69 ARGENTINA: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 70 ARGENTINA: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 71 BRAZIL: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 72 BRAZIL: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 73 BRAZIL: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 74 REST OF SOUTH AMERICA: FIBER CEMENT BOARD MARKET, BY RAW MATERIAL

TABLE 75 REST OF SOUTH AMERICA: FIBER CEMENT BOARD MARKET, BY TYPE

TABLE 76 REST OF SOUTH AMERICA: FIBER CEMENT BOARD MARKET, BY APPLICATION

TABLE 77 NEW PRODUCT DEVELOPMENTS: KEY DEVELOPMENT ANALYSIS, 2020-2027TABLE 78 MAJOR ACQUISITIONS & EXPANSION: KEY DEVELOPMENT ANALYSIS, 2020-2027


List of Figures

FIGURE 1 GLOBAL FIBER CEMENT BOARD MARKET: MARKET STRUCTURE

FIGURE 2 RESEARCH PROCESS OF MRFR

FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACHES

FIGURE 4 MARKET DYNAMICS OVERVIEW

FIGURE 5 DRIVERS IMPACT ANALYSIS: GLOBAL FIBER CEMENT BOARD MARKET

FIGURE 6 RESTRAINTS IMPACT ANALYSIS: GLOBAL FIBER CEMENT BOARD MARKET

FIGURE 7 VALUE CHAIN: GLOBAL FIBER CEMENT BOARD MARKET

FIGURE 8 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL FIBER CEMENT BOARD MARKET

FIGURE 9 GLOBAL FIBER CEMENT BOARD MARKET, BY RAW MATERIAL, 2020 (% SHARE)

FIGURE 10 GLOBAL FIBER CEMENT BOARD MARKET, BY TYPE, 2020 (% SHARE)

FIGURE 11 GLOBAL FIBER CEMENT BOARD MARKET, BY APPLICATION, 2020 (% SHARE)

FIGURE 12 GLOBAL FIBER CEMENT BOARD MARKET, BY REGION, 2020 (% SHARE)

FIGURE 13 NORTH AMERICA: FIBER CEMENT BOARD MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 14 EUROPE: FIBER CEMENT BOARD MARKET, BY COUNTRY, 2020 (% SHARE)

FIGURE 15 ASIA-PACIFIC: FIBER CEMENT BOARD MARKET, BY COUNTRY, 2020 (% SHARE)

FIGURE 16 MIDDLE EAST & AFRICA: FIBER CEMENT BOARD MARKET, BY REGION, 2020 (% SHARE)

FIGURE 17 SOUTH AMERICA: FIBER CEMENT BOARD MARKET, BY REGION, 2020 (% SHARE)

FIGURE 18 BENCHMARKING OF MAJOR COMPETITORS

FIGURE 19 MAJOR MANUFACTURERS MARKET SHARE ANALYSIS, 2020 (% SHARE)

Fiber Cement Board Market

Fiber Cement Board market is estimated to witness a 5.10% CAGR during the historic forecast period that ended in 2030 With market size is expected to cross USD 19,273.80 million by 2030

Segmentation

By Raw Material Portland Cement Silica
By Type Low Density Fiber Cement Board Medium Density Fiber Cement Board High Density Fiber Cement Board
By Application Residential Buildings Non Residential Buildings

Key Players

  • TORAY INDUSTRIES INC.
  • PlycemZykron
  • James Hardie Building Products Inc.
  • Etex Group

Drivers

  • High resilience and structural integrity
  • Rapidly expanding construction industry
  • Excellent applicability in moisture-rich environments
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Fiber Cement Board Market Overview


The Fiber Cement Board market is estimated to witness a 5.10% CAGR during the historic forecast period that ended in 2030. The global fiber cement board market size is expected to cross USD 19,273.80 million by 2030.

The Fiber cement board utilization has expanded in key end-use industries, such as residential, commercial, and others. Because of its qualities such as durability, water resistance, and waterproof nature, the market is seeing substantial expansion due to its application as siding within the house, such as in bathrooms and kitchens.


COVID 19 Analysis


The Global market for fiber cement boards was negatively impacted by the pandemic COVID. Due to the lockdown, the building industry was badly damaged, which had a detrimental influence on fiber cement demand. Europe's building boom peaked in 2017, and it is predicted to continue through 2022. Before the COVID-19 outbreak, the growth rate was predicted to be 1.1 percent in 2020, compared to 2.3 percent in 2019. With the COVID-19 outbreak and near-zero economic activity, construction growth is likely to be negative and have a short-term impact on the market analyzed.


However, the increasing demand for energy-efficient buildings is the key driving the market examined in the short term. However, the threat of replacements such as vinyl and wood siding is expected to stifle the market's growth.


Competitive Landscape


The Global Market for fiber cement boards is estimated to grow at 7.4% CAGR by the end of the global forecast period in 2028. The emergence of the key market players is important to help the market in rising gradually and witness substantial growth. The global fiber cement market is highly fragmented.



  • TORAY INDUSTRIES INC.

  • Plycem

  • Zykron

  • James Hardie Building Products Inc.

  • Etex Group


The presence of key industry players such as James Hardie is increasingly helping the market by providing fiber cement boards in various building, construction, and infrastructure projects.


Market Dynamics


Drivers


Fiber cement siding is a product that affixes to the exterior of a house or other structures, and it can help maintain the house sustainable to some of the hardest elements of the local environment due to its properties, such as wear and tear resistance to concrete. It’s this quality that is driving its growth and demand in the market. Its high resilience and structural integrity also lead to its demand. The rapidly expanding construction industry is one of the major reasons for its huge demand and increase in the market. Its excellent applicability in moisture-rich environments is also a big reason for the demand for the same.


Fiber cement's primary end-user industry is the residential sector. The growing middle-class population, combined with increased disposable incomes, has aided the growth of the middle-class housing market. As a result, during the projection period, there is likely to be an increase in the use of fiber cement within the segment. Over the forecast period, favorable government policies and increased awareness about environmental degradation are expected to accelerate market expansion.


Restraints


One of the major restraints to the fiber cement board market is the environmental concerns related to the manufacturing of fiber cement boards. The manufacturing process is not considered well for the environment and it somehow hampers the demand. Fiber cement board's costly initial installation and continuous maintenance costs, on the other hand, may limit market expansion. Another major impediment to growth is the scarcity of skilled staff needed to install these boards.


Fiber cement board, on the other hand, has a limited application due to its narrowness. Making fiber cement boards thick is tough since it enhances their brittleness.


Technology Analysis


The siding had the biggest market share in the application sector in 2019. The increased demand for siding is attributed to the benefits of fiber cement boards, which are resistant to termites, impact, do not rot, and have fire-resistant features. In terms of revenue generation, Europe had the highest share, followed by North America and Asia-Pacific. The European region's strong growth can be due to rising demand from building and residential applications, as well as the abundant supply of raw materials.


Study Objectives



  • To study the growth in terms of revenue at a global level and provide a complete analysis of the market trends.

  • To analyze the role of key market players in the dynamics of the market.


Segment Overview


The Global Market for Fiber Cement Board has been bifurcated into various segments that will help the market to achieve the highest CAGR during the forecast period. The market has been segmented based on the following:


Based on Raw Material, the market has been segmented as follows:



  • Portland Cement

  • Silica

  • Sand

  • Cellulosic Material


Based on fiber cement board type, the market has been segmented as follows:



  • Low–Density Fiber Cement Board

  • Medium–Density Fiber Cement Board

  • High–Density Fiber Cement Board


Based on the application, the market has been segmented as follows:



  • Residential Buildings

  • Non – Residential Buildings


Based on Region, the market has been segmented as follows:



  • North America

  • Europe

  • Asia – Pacific

  • The Middle East and Africa

  • South America


Regional Analysis


The global market for fiber cement boards has witnessed significant growth in the market due to the rising population and increasing demand from construction activities and residential applications, as well as the easy availability of raw materials. The demand for fiber cement boards in Europe, which is currently the largest regional market, is significant, particularly in the construction of residential buildings. Fiber cement board's strong weather resistance and thermal insulation capabilities are propelling the regional market forward. Asia-Pacific is the world's largest market for fiber cement boards and the world's largest cement producer. Due to the simple availability and low cost of raw materials, these aspects help to assure the expansion of the regional market for fiber cement boards.

The construction industry in North America is one of the world's largest and most modern. Due to local manufacturing, government assistance, and the presence of a qualified labor force for installation, fiber cement boards are in great demand. These factors contribute to the market's expansion in the region.
Due to an increase in the construction of structures and industries that use fiber cement boards, rapid urbanization in Africa and industrialization in the Middle East are driving the growth of the market in the area. South America, a minor market, is witnessing a construction boom, which is projected to propel the fiber cement board market forward.


Recent Developments



  • There has been a gradual increase in the demand for the fiber cement board in the market post COVID driven by rising population and increase in residential and commercial buildings and also due to the increasing demand for energy-efficient buildings.

  • James Hardie Building Products Inc. debuted 700 Color plus Technology finish fiber cement under the James Hardies’ Dream Collection in January 2020, to expand the fiber cement product portfolio's vast range of color options.

  • Nichiha Corporation expanded its production facility in Macon-Bibb County, Georgia, by investing USD 120 million to increase its operations. This strategic move is designed to help the corporation increase demand for its products in the US's south-eastern area.

  • Toray Corporation paid USD 1.12 billion to Koninklijke Ten Cate B.V. (Netherlands) for Ten Cate Advanced Composites Holding B.V., a subsidiary of Koninklijke Ten Cate B.V. (Netherlands).


Report Overview


The global report for the Fiber Cement Board market has been prepared after conducting a relevant and in-depth examination of the worldwide market to help in understanding the efforts and study the increase the number of commercial and residential buildings and study utilization of Fiber cement boards that help promote environment-friendly and sustainable construction products. The global market report helps to understand the use of buildings with fiber-cement siding that have a more appealing appearance. The global market report concludes that the fiber-cement siding is a cost-effective solution and further, is ideal for areas that experience extreme weather. The report helps in outlining the significant events that occurred in the market during the forecast period that will be ending in 2028.



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 19,273.80 million
  CAGR   5.10% 2030
  Base Year   2021
  Forecast Period   2021-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Raw Material, Type, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   James Hardie Europe GmbH (Australia), Etex (Belgium), Cembrit Holding A/S (Denmark), SHERA (Thailand), Soben International (Asia Pacific) Ltd (Hong Kong), SCG (Thailand), Biele Group (Spain), LATONIT (Russia), NICHIHA (Japan), Everest Industries (India), Toray Industries Inc. (Japan)
  Key Market Opportunities   Increase in the construction of buildings and industries that utilize fiber cement boards
  Key Market Drivers

  • High resilience and structural integrity
  • Rapidly expanding construction industry
  • Excellent applicability in moisture-rich environments
  • Supporting government regulations and initiatives for the use of fiber cement board over alternatives.


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    Frequently Asked Questions (FAQ) :

    The market is expected to grow at a CAGR of 5.10% by the end of the forecast period in 2030.

    Fiber cement board market is predicted to touch USD 19,273.80 million by 2030.

    North America is expected to dominate the fiber cement board market.

    The residential application will lead the fiber cement board market.

    Easy installation and excellent characteristics are the key factors driving the fiber cement board market.