What is the global market size of Fiber Cement Siding Market?

Global Fiber Cement Siding Market size was valued at USD 116.77 billion in 2022 and is poised to grow from USD 121.44 billion in 2023 to USD 166.20 billion by 2031, growing at a CAGR of 4.0% in the forecast period (2024-2031).

Who are the key vendors in the Global Fiber Cement Siding Market?

The competitive environment of the global Fiber Cement Siding market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'CSR Limited', 'Nichiha USA', 'Everest Industries Ltd.', 'Allura USA', 'Swisspearl', 'CertainTeed', 'James Hardie Building Products', 'Wehrhan GmbH', 'Etex Group', 'Cembrit'.

What is the key driver of Global Fiber Cement Siding Market?

The demand for exterior wall systems is an emerging trend in the construction market. The increasing trend of this characteristic is associated with its properties such as water resistance of building materials. The adhesive provides great water resistance in this application due to its air content and folding properties which provides incredible strength for the exterior walls. Furthermore, the number of sustainable buildings has increased with the incorporation of green building materials. Consequently, using fibers for exterior wall systems as advanced green building materials to achieve energy conservation will increase the demand for the product. The government has also issued several regulations on the use of environmentally friendly energy efficient materials such as low carbon cement, concrete and exterior wall systems.

What is the key market trend for Global Fiber Cement Siding Market?

The demand for fiber cement has now increased due to the increasing demand as an advanced material in the construction industry. In recent years, urbanization and industrialization in developing countries have forced young people to migrate to cities in order to secure a better life and livelihood. This has led to an increase in residential construction, which has further increased demand. The product is used as a main ingredient in residential concrete tile, cladding and fiber cement siding for exterior waterproofing walls and thus increased construction demand is expected to boost market growth on a forecast basis during the period.

Which region accounted for the largest share in Global Fiber Cement Siding Market?

The growth of the North American is linked to the growing demand for advanced materials and building materials that provide safety and aesthetics in homes, apartments and private villas..

Fiber Cement Companies

Fiber Cement Market Competitive Landscape

Fiber Cement Market Top Player’s Company Profile

Etex Group (Belgium)

James Hardie Industries PLC (Ireland)

Saint-Gobain (France)

Evonik Industries AG (Germany)

Cembrit Holding A/S (Denmark)

Toray Industries, Inc. (Japan)

Nichiha Corporation (Japan)

CSR Limited (Australia)

Plycem USA Inc. (US)

GAF (US)

Allura USA (US)

Equitone (US)

Maxitile (US)

American Fiber Cement Corporation (US)

Swisspearl (Switzerland)

SCG Building Materials (Thailand)

Visaka Industries Limited (India)

Everest Industries Limited (India)

Hume Cemboard Industries (Malaysia)

Marley Ltd (UK)

Fiber Cement Market

FAQs

Fiber Cement Market size was valued at USD 17.91 billion in 2022 and is poised to grow from USD 18.72 billion in 2023 to USD 26.62 billion by 2031, at a CAGR of 4.5% during the forecast period (2024-2031).

Global Fiber Cement Market features a competitive landscape with the presence of several prominent players. Some of the prominent companies in the market focus on strategic initiatives such as product development, mergers and acquisitions, and partnerships to strengthen their market position and expand their product portfolios. Additionally, they invest in research and development activities to innovate and introduce advanced fiber cement products that cater to the evolving needs of the construction industry. Market players also emphasize regional expansion to tap into emerging markets and leverage the increasing demand for fiber cement products. The competitive landscape is characterized by intense competition, driven by factors such as product quality, pricing, technological advancements, and customer relationships. Overall, the presence of established players and their continuous efforts to enhance their offerings contribute to a competitive and dynamic environment in the global fiber cement market. 'Etex Group (Belgium)', 'James Hardie Industries PLC (Ireland)', 'Saint-Gobain (France)', 'Evonik Industries AG (Germany)', 'Cembrit Holding A/S (Denmark)', 'Toray Industries, Inc. (Japan)', 'Nichiha Corporation (Japan)', 'CSR Limited (Australia)', 'Plycem USA Inc. (US)', 'GAF (US)', 'Allura USA (US)', 'Equitone (US)', 'Maxitile (US)', 'American Fiber Cement Corporation (US)', 'Swisspearl (Switzerland)', 'SCG Building Materials (Thailand)', 'Visaka Industries Limited (India)', 'Everest Industries Limited (India)', 'Hume Cemboard Industries (Malaysia)', 'Marley Ltd (UK)'

The global fiber cement market is driven by the increasing construction activities worldwide. Rapid urbanization, population growth, and infrastructure development projects are fueling the demand for construction materials like fiber cement. For example, emerging economies such as India and China are witnessing significant urbanization, leading to a surge in residential and commercial construction, which boosts the demand for fiber cement products.

Rising Demand for Prefabricated Construction: The trend of prefabricated construction is gaining traction globally. Prefabricated or modular construction involves the use of pre-made building components, including fiber cement panels or boards, which offer advantages like cost savings, faster construction timelines, and improved quality control. The fiber cement market benefits from this trend as it provides lightweight and durable materials that can be easily integrated into prefabricated construction processes.

North America dominated the global fiber cement market. The region's dominance can be attributed to the robust construction industry, stringent building codes, and the increasing demand for sustainable and energy-efficient construction materials. The United States, in particular, plays a vital role in driving the growth of the fiber cement market in North America. With its large-scale infrastructure projects, residential construction, and renovation activities, the United States accounts for a substantial portion of the market share in the region. Additionally, Canada also contributes significantly to the region's dominance, with a growing focus on eco-friendly building solutions and increasing investments in infrastructure development.

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Fiber Cement Market Size, Share, Growth Analysis, By Product Type(Boards, sheets, panels, and others), By End user(Construction, infrastructure, and others), By Applications(Residential, non-residential, and agriculture), By Region - Industry Forecast 2024-2031

Fiber Cement Market Competitive Landscape

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Fiber Cement Market Size, Share, Growth Analysis, By Product Type(Boards, sheets, panels, and others), By End user(Construction, infrastructure, and others), By Applications(Residential, non-residential, and agriculture), By Region - Industry Forecast 2024-2031

Fiber Cement Market Competitive Landscape

Fiber Cement Market Report Snapshots

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What is the global market size of Fiber Cement Market?

Who are the key vendors in the Fiber Cement Market?

What is the key driver of Fiber Cement Market?

What is the key market trend for Fiber Cement Market?

Which region accounted for the largest share in Fiber Cement Market?

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