Stratview Research has published a new report titled “Fiber Cement Market” which is segmented by Concrete Type (Stamped Concrete, Stained Concrete, Concrete Overlays, Colored Concrete, Polished Concrete, Epoxy Coating, and Others), by Application Type (Floors, Walls, Driveways and Sidewalks, Patios, and Others), by End-Use Sector Type (Residential, Non-Residential), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the market was estimated to grow from USD 17.01 billion in 2021 to USD 22.97 billion by 2028 at a healthy CAGR of 4.33% during the forecast period of 2022-2028.
Fiber cement is a composite material that is made up of sand, cement, and cellulose fibers. Fiber cement cladding comes in various forms, but it is most commonly seen in sheet form and on horizontal boards. These types of cement are widely used for construction purposes.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It thoroughly analyzes the market segments, including products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis –
Application Trends
The fiber cement market is segmented into molding & trim, siding, roofing, and others.
The Siding segment is expected to register the largest market share, during the forecast period, driven by its advantages such as low maintenance and the ability to be impervious to degradation.
Material Trends
The market is segmented as portland, sand, fiber, and others.
The Portland segment is expected to occupy the largest share of the market, during the forecast period, as it is the widely used type of cement for making concrete and mortar.
Which Region is expected to remain the largest market?
Asia-Pacific is estimated to be the largest fiber cement market during the forecast period.
Increasing population and improving macroeconomic factors in emerging economies such as India, Indonesia, and other countries are generating huge demand for construction materials in the region, which in turn, is driving the growth of the region’s market.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Fiber Cement Market:
- Etex Group NV
- James Hardie Industries PLC
- Evonik Industries AG
- Compagnie de Saint Gobain SA
- Toray Industries Inc
- CSR Limited
- The Siam Cement Public Company Limited
- Nichiha Corporation
- Plycem Corporation
- Cembrit Holding A/S.
Key questions answered by the report.
- What is the projected CAGR for revenue from the Fiber Cement Market during the forecast period?
- What would the market be valued at by 2028?
- What is a major driving factor for the growth of the market?
- Which region accounted for the largest revenue share in the Fiber Cement Market?
- Which are the major market players?
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