Construction Industry & Safer Materials

Fiber Cement Market 2019-2026

Fiber concrete is a composite building and construction material, utilized basically in material, roofing, and exterior items as a result of its quality, strength, and toughness. Fiber cement is a prevalent structure material that gives the best advantages in the siding business life span. It is a composite of sand, Portland concrete, and cellulose filaments are one of the sustainable materials. These withstand at the unforgiving climate contrasted with different materials.

Growing Construction Industry leading to rise in demand of Fiber Cement

The Fiber Cement Market is growing due to rising demand from construction industry. The growth in the fiber cement market is a result of a boom in the construction industry, a ban on asbestos cement products, the high efficiency of fiber cement products, and rapid urbanization and industrialization in developing countries. In addition, the increase in infrastructure investments has created an opportunity for the global fiber cement market. New residential construction spending was projected to be approximately 672 billion (current) U.S. dollars by 2022. Rising investment in construction, particularly in new housing is driving the growth of the market. For instance, construction investments in Western Europe reached USD 1.4 trillion in 2015 and is grew by 2.2% in 2018.

Extreme environment conditions increase demand for Fiber cement boards and planks

Fiber cement installations are particularly useful in areas with persistent harsh environments. They can act as a viable replacement for aluminum and wood installations typically found near marine environment, where the air is salty. These sidings also provide good protection against rain and hail.

Fiber Cement products can be considered as a safer alternative than other conventional materials

More than 90% of the materials used in boards and sidings are fire resistant. This is a major USP of fiber cement products as homeowners are particularly wary of a fire in their house. A documented case showed that a fire destroyed some fire trucks which were 100 feet away from the fire, but a nearby house constructed with fiber cement was completely protected.

Asia-Pacific Fiber Cement Market to Expand Robustly

DMI segments the global fiber cement market into – North America, South America, Europe, Asia-Pacific (APAC), and Middle East and Africa.

The Asia-Pacific market for Fiber Cement is an emerging market, with China holding the maximum market share in the region. The rapid growth of industrialization and increase in construction activities drive the growth of the market in the sector. The region of China is a preferred destination for FDI, with stable investments in the construction sector indicating that the market is growing due to increased industrial restructuring and urbanization. The fiber cement market in India is expected to witness a remarkable growth during the forecast period owing to increased foreign investments in the construction sector. The presence of favorable regulatory policies has also supported the growth of the market, with an increased focus on residential and infrastructural construction.

Highly Competitive Market with Few Major Contributors

Global fiber cement market is fragmented with the larger number of local and international players. James Hardie, Elementia and Etex group are the major players in fiber cement market globally. These three players hold approximately 30% of global fiber cement market. James Hardie claimed prominent share of fiber cement market. It is the dominant key player in terms of individual share amongst the top three players. The company’s product portfolio includes a wide range of sidings, panels and boards.  Etex Group occupied second position pertaining to fiber cement market. Other companies apart from the above mentioned three players aggregately held more than 65% share in the overall fiber cement market.

Fiber Cement  Market Taxonomy:

By Material

• Portland Cement
• Sand
• Cellulosic Material
• Others

By Fiber Type

• Polypropylene
• PVA
• Lignocellulose
• Carbon
• Others

By Production Process

• Hatschek Process
• Perlite
• Extrusion
• Others

By Application

• Residential
• Non-Residential
• Commercial
• Others

 

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