Fibre Cement Board Market Share, Top Key Players, Growth, Trend and Forecast Till 2027
According to the current analysis
of Reports and Data, the global fiber
cement board market was valued at USD 13.43 Billion in 2019 and is
expected to reach USD 19.89 Billion by the year 2027, at a CAGR of 5.03%. The
Fiber Cement Board (FCB) is a building material that has been used in
construction activities as building materials by mixing cement with various
organic or mineral fibers at specified ratios. The addition of fibers to fiber
cement imparts several attributes that are important to the application and
serviceability of the composites. Some of these attributes include resistance
to cracking, a lighter weight, and a degree of flexibility that are important
to the fiber cement board market. These boards are majorly used for decorative
purposes such as sidings, flooring, ceiling, roofing materials, soffit and
trims, and as a tile backing board. It is preferred for building good quality
and long-lasting furniture and homes due to properties such as high resistance
to water, fire, and termites.
The fiber cement board market is
witnessing significant growth because of its utilization as siding inside the
house, such as bathrooms and kitchens, because of its properties such as
durable and water-resistant as well as waterproof nature. In addition,
accelerating construction expenditures, specifically in new housing, will spur
demand. The adoption of the Fibre cement board has increased in prime end-use
industries, namely residential, commercial, and others. In addition, the rapid
growth of the residential sector is another factor boosting the market growth.
Also, the favorable government regulations and rising awareness regarding
environmental degradation are anticipated to accelerate fiber cement board
market growth over the projected period. The increasing construction spending
in emerging economies from the Asia Pacific owing to rising population coupled
with healthy economic and industrial development is expected to affect the
product demand in the near future positively. Besides, various capital
investments in public infrastructures bolster the growth rate. The emergence of
the residential construction sector in China and India on account of improving
standards of living, consumer spending capabilities, and changing lifestyles
are expected to contribute to construction spending over the years to come.
Key market players are today
focusing on various strategic activities involving research and development
activities to explore the applications of Fibre Cement Board Markets and also
mergers and acquisitions, facility expansions, and related investments.
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Further key findings from the
report suggest
- Fibre Cement Board Market has a rising demand for
the end-use application for the commercial and non-commercial markets.
Rising awareness regarding energy-efficient constructions, the need for
renovation of old buildings, increasing over-cladding activities, and
government regulations for green buildings are expected to propel the
demand over the forecast period.
- The sand material segment is forecasted to lead the
global Fibre cement board market during the forecast period. The addition
of sand as material increases the binding properties of the cement. Tests
have shown that the strength of cement mortar increases with increasing
sand content. The segment registered the fastest growth in 2019
- The residential end-use segment is the fastest-growing
segment, registering a CAGR of 5.32% owing to the rising residential
construction activities to meet the requirements for the rising
population.
- In the application segment, the siding is accounted
for the largest market share in the fiber cement board market. The chief
driver for this segment is the major use of sidings to cover the exterior
of a building in both commercial and domestic applications and the
advantage of easy installation of fiber cement boards.
- Key Industry players such as James Hardie are
increasingly providing the fibre cement boards in various building,
construction, and infrastructure projects.
- High costs of installation and setup are one of the
important factors hindering global fiber cement board market growth.
Key participants include:
James Hardie Industries Plc, Etex Group NV, Everest Industries Ltd., Hume
Cemboard Industries Sdn Bhd, Cembrit Holding A/S, Soben International Ltd.,
NICHIHA Co. Ltd, Mahapant Fibre Cement Co. Ltd., WB Construction Services Inc.,
Penny Panel, GAF Materials LLC, Elementia SAB de CV, and TPI Polene Public
Company Ltd.
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For the purpose of this report,
Reports and Data have segmented the report on the basis of material, product,
production process, application, end-use, and region:
Material (Revenue, USD Million;
Volume in Million Sq. Ft., 2017–2027)
- Sand
- Portland Cement
- Cellulosic Material
- Others
Product (Revenue, USD Million;
Volume in Million Sq. Ft., 2017–2027)
- High-Density Board
- Medium Density Board
- Low-Density Board
Production Process (Revenue, USD
Million; Volume in Million Sq. Ft., 2017–2027)
- Hatschek Process
- Extrusion Process
- Pertile Process
Application (Revenue, USD
Million; Volume in Million Sq. Ft., 2017–2027)
- Siding
- Shingle Siding
- Sheet Form Siding
- Lap Siding
- Stucco or Brick Siding
- Roofing
- Molding & Trim
- Trim Wall
- Flooring
- Curtain Walls
- Others
End-Use (Revenue, USD Million;
Volume in Million Sq. Ft., 2017–2027)
- Commercial
- Exterior
- Interior
- Residential
- Exterior
- Interior
Regional Outlook (Revenue in USD
Million; Volume in Million Sq. Ft., 2017–2027)
- North America
- The U.S
- Canada
- Mexico
- Europe
- Germany
- France
- The U.K
- Spain
- Italy
- Poland
- Russia
- Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Thailand
- Indonesia
- Philippines
- Malaysia
- Taiwan
- New Zealand
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- U.A.E
- Israel
- Jordan
- Qatar
- South Africa
- Rest of MEA
- Latin America
- Brazil
- Argentina
- Venezuela
- Peru
- Columbia
- Equador
- Costa Rica
- Rest of LATAM
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Main objectives of the Global Fibre Cement Board Market:
- Exhaustive
analysis of the segments of the Fibre Cement Board market
- Analysis
of major growth driving and restraining factors
- Financial
analysis and market position of the dominant players of the market
- Actionable
insights into the current and prospective outlook of market size, share, revenue,
sales volume, and growth of the market
For
comprehensive coverage, the report also segments the market based on types,
applications, and regions. Analysis of each market segment, along with
projections, is offered in the report. The report discusses profitability, gross
margins, global demand, sales volume, and growth prospects of each market
segment.
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