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US Fiber Cement Market

ID: MRFR/CnM/18799-US | 100 Pages | Author: MRFR Research Team| December 2023
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The demand for fiber cement in the United States has experienced significant growth in recent years, driven by several factors. One key factor is the increasing emphasis on sustainable and eco-friendly construction materials. Fiber cement, which is made from a blend of cement, cellulose fibers, and other additives, is known for its durability, resistance to fire, insects, and rot, as well as its low maintenance requirements. This makes it an attractive choice for both residential and commercial construction projects seeking long-lasting and environmentally conscious solutions.

According to the US Census Bureau and the US Department of Housing and Urban Development, in the US, new privately-owned housing units in permit-issuing places were 1,386 in 2019, and it increased to 1,456 in 2020. This market growth can be attributed to increased residential construction with the growing need for single-family dwellings.

Additionally, the rising awareness of the need for resilient building materials in the face of extreme weather events has boosted the demand for fiber cement products. With its ability to withstand harsh weather conditions such as hurricanes, heavy rains, and high winds, fiber cement siding and roofing have become popular options for homeowners and builders in regions prone to such hazards.

Furthermore, the aesthetic appeal of fiber cement products has contributed to their growing demand in the US market. Manufacturers offer a wide range of colors, textures, and styles, allowing architects and homeowners to achieve various design preferences while still benefiting from the material's performance characteristics. Whether replicating the look of natural wood, stone, or contemporary finishes, fiber cement provides versatility without sacrificing durability.

Moreover, the increasing focus on energy efficiency and green building practices has propelled the demand for fiber cement as an insulation material. Fiber cement boards can be used as exterior cladding systems, helping to improve a building's thermal performance and reduce energy consumption for heating and cooling. This aligns with the goals of sustainability and energy conservation that are becoming increasingly important in the construction industry.

The renovation and remodeling market also contribute significantly to the demand for fiber cement products in the US. As older homes and buildings require updates and repairs, many homeowners and contractors are turning to fiber cement siding, trim, and soffits as replacement options due to their longevity and low maintenance requirements. This segment of the market is expected to continue driving growth in the fiber cement industry as more properties undergo refurbishment projects.

Additionally, the robustness of fiber cement against termites and rot makes it a preferred choice for regions where these issues are prevalent, further expanding its market demand across the country. Its non-combustible nature also makes it compliant with building codes and regulations, particularly in areas with high wildfire risk, contributing to its widespread adoption in construction projects.

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