While most of the developed economies are shifting to fiber cement for its superior performance attributes as well as for its positive impacts on the environment, in some developing economies including Brazil and India, the demand for asbestos-based construction materials is significantly high. Owing to its low cost and worldwide availability, building & construction materials manufactured using asbestos are being preferred by end users in the construction sectors in developing economies,
Leading players in the fiber cement market will have to concentrate their efforts on improving the end users awareness about the health hazards as well as environmental impacts of asbestos-based construction materials in order to drive a shift towards safer and superior fiber cement, Furthermore, fiber cement is also losing share to less expensive alternatives to asbestos-free fiber cement, and this will trigger the wave of innovation across the fiber cement market to capture this market share in developing countries.
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Fiber Cement Market: Region-wise Analysis
Based on the geographical factors, the fiber cement market is broadly divided into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. Increasing growth of the construction industry in Asia Pacific will continue to play an important role in the growth of the fiber cement market in the regions. Especially in Southeast Asia, the residential sector is expected to gain momentum in the coming years. Governing bodies in the region are also creative favourable policy structure to boost the development of infrastructures in developing countries, which will further contribute to the growing demand for fiber cement in the flourishing construction industry across emerging Asian economies,
China and India are witnessing huge foreign investments across residential as well as non-residential sectors, and this will create new opportunities for stakeholders in the fiber cement market in both residential and commercial construction landscapes. In addition, customers in the region are realising the potential hazards of using asbestos cement as a building & construction material, and regulatory bodies are encouraging end users to resort to the more reliable and nature-friendly alternatives. This is driving a shift from traditional cement to fiber cement across the region.
Fiber Cement Market: Competitive Landscape
The global market for fiber cement is highly fragmented in nature, as the number of manufacturers and other stakeholders is rapidly growing in this landscape. The major players in the fiber cement market include
- Dow Chemical Company
- Hardie (James) Industries plc
- Imerys SA
- Elementia SA de CV
- Building Materials Corporation of America
- PPG Industries Incorporated
- Akzo Nobel NV
- Canfor Corporation
- Ecolab Incorporated
- Central Fiber LLC
- Mercer International Incorporated
- US Silica Holdings Incorporated
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The ferrite market can be segmented on the basis of the following:
By Raw Materials
- Silica
- Portland Cement
- Cellulosic Fiber
- Others
By End User
- Residential
- Non-residential
By Application
- Cladding
- Siding
- Backer Boards
- Molding and Trimming
- Roofing
- Wall Partitions
- Others
Region-wise Analysis
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
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