Fiber Cement Market Analytical Insights, 2022-2030

Fiber cement is one of the most commonly used and highly essential composite materials, and with its superior physical properties such as high strength and durability, it also finds applications in the production of façade and roofing products. By chemically reacting with water, cement forms a hard stone, and through the reinforcement of fiber in the mixture, the cement stone provides better properties such as strength and longevity, to building & construction materials.

The modern construction industry across the world is discovering the unique and innovative advantages of using fiber cement in various construction applications such as cladding and roofing. The primary function of fiber cement in such industrial applications is to improve performance characteristics while reducing the commercial value of building & construction materials.

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Superior Performance Benefits over Conventional Cement Materials will Uphold the Growth

Being an integral part of the building & construction materials industry, fiber cement is primarily used in both interior and exterior applications such as siding, roofing, cladding, and molding and trimming. The building & construction materials utilised in interior and exterior applications require specific chemical and physical properties to withstand the potentially adverse impacts of several factors such as weather, temperature, and humidity.

An important reason why fiber cement is witnessing immense demand is its performance characteristics over traditional cement, such as the ability to resist harsh weather conditions, resistance to warping and sagging, low maintenance requirements, humidity resistance, and fireproof properties.

Popularity of Low-cost Asbestos-based Products may Take up Market Share of Fiber Cement

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.

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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.

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

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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Fiber Cement Market: Segment Analysis

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

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