Fiber cement board is a material used for commercial, industrial and residential construction purposes. Fiber cement board is used for covering exteriors of a building in both domestic as well manufacturing applications. Fiber cement board is made up of plant extract cellulose, sand and cement where cement fits as an extremely hard material for load-bearing purposes while cellulose is used for aesthetic applications such as sidings, soffit, and trims, or as a tile backing board. Construction industry extensively uses fiber cement board in residential and industrial development for applications such as flooring, ceiling, roofing and tile backing among other applications. Fiber cement board is water resistant, they are also more resistant to mold and mildew and do not disintegrate or break down due to continuous exposure to moisture. Fiber cement is made up of more than 90 percent of non-flammable material hence it is not flammable which makes it safe for use in various applications.
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Fiber Cement Board Market: Dynamics
Fiber Cement Board Market: Driver
Construction industry is a prominent end user in the fiber cement board market. In the recent years with the increasing population migration and urbanization, construction projects have seen a widespread increase across the globe. Focus on more planned cities and better living condition has been a priority for governments owing to multiple reasons such as to reduce wastage of resources, safer & healthier living conditions and long lasting new age buildings. Fiber cement board is used prominently in the construction industry for applications such as flooring, siding and roofing among others. Growth in construction industry is expected to drive the fiber cement board extensively in the future. Increasing construction activities in large cities because of increasing demand for new housing as well as refurbishment of old constructions is also expected to increase the demand for fiber cement board in the coming years. Increasing commercial construction activities are also expected to contribute to the growth of the fiber cement board market.
Fiber cement board also holds an aesthetic advantage as it resembles wood planks or wood shingles which makes it a preferred options in the architecture sector also for its availability in a variety of colors. Moreover fiber cement board is a more eco-friendly options for residential applications.
Fiber Cement Board Market: Restraints
Fiber cement board is an expensive construction material and cost more when compared to alternatives such as Vinyl boards for installation. Alternatives such as vinyl boards are more energy efficient, and also require less maintenance. Such factors are expected to impact the growth of fiber cement board market in the future. Vinyl sliding are preferred as they are more economically feasible when compared to fiber cement board which is expected to affect the market.
Fiber Cement Board Market: Key Participants
James Hardie Industries PLC, Etex Group NV, Cembrit, Mahaphant Fibre Cement Co., Ltd., Elementia, S.A.B de C.V., Everest Industries, Saint-Gobain, Hume Cemboard Industries, Nichiha Corporation, and Soben board Everest among others.
Report highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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