Fiber Cement Market Analysis | 2022-2028

Market Insights

The fiber cement market was estimated at USD 17.01 billion in 2021 and is likely to grow at a CAGR of 4.33% during 2022-2028 to reach USD 22.97 billion in 2028.

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Market Dynamics

Introduction

The fiber cement market is a segment within the broader construction materials industry that focuses on the production and distribution of fiber cement products. Fiber cement is a composite material made primarily from cement, sand, and cellulose fibers, which are typically derived from wood pulp. This combination results in a durable and versatile building material that is resistant to fire, moisture, insects, and rot.

Fiber cement products come in various forms, including siding, roofing, trim, panels, and boards, offering a wide range of applications in both residential and commercial construction projects. These products can mimic the appearance of traditional materials such as wood, stone, or stucco, providing architects, builders, and homeowners with aesthetic flexibility without sacrificing performance or durability.

Market Drivers 

Surge in Demand for Advanced Construction Materials:

The demand for fiber cement has surged due to its advanced use in the construction industry, particularly in residential projects. Urbanization and industrialization in developing countries have led to more young people moving to metro cities, resulting in increased residential building projects. This demand is expected to boost market growth for fiber cement, which is used in residential paving tiles, cladding, and exterior anti-moisture protection walls.

The demand for fiber cement in the construction industry, especially in residential projects, is on the rise due to urbanization and industrialization in developing countries. This growth is expected to boost the market for fiber cement, which is used in residential paving tiles, cladding, and exterior anti-moisture protection walls.

Increasing Product Utilization in Ultra-High-Performance Concrete:

The construction industry is experiencing rapid growth due to high demand for residential and non-residential projects. This has led to increased competition, prompting architects and engineers to develop innovative structural designs like cantilever balconies, floating stairs, and unitized curtain walls. Ultra-high-performance concrete, with fiber cement in its composition, offers faster and stronger construction with a high compressive strength of over 150 MPa. This has increased demand for ultra-high-performance concrete, leading to increased product consumption.

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Key Players

The following are the key players in the fiber cement market:

• Cembrit Holding A/S.
• Compagnie de Saint Gobain SA
• CSR Limited
• Etex Group NV
• Evonik Industries AG
• James Hardie Industries PLC
• Nichiha Corporation
• Plycem Corporation
• Toray Industries Inc
• The Siam Cement Public Company Limited

Note: The above list does not necessarily include all the top players in the market.

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Segments Analysis

By Application Type

"Siding segment is expected to register the largest market share".

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.

By Material Type

"Portland segment is expected to occupy the largest share of the market".

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.

Regional Analysis

"Asia-Pacific is estimated to be the largest fiber cement market during the forecast period".

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.

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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s functional fiber cement market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The fiber cement market is segmented into the following categories:

By Concrete Type 

• Stamped Concrete
• Stained Concrete
• Concrete Overlays
• Colored Concrete
• Polished Concrete
• Epoxy Coating
• Others

By Application Type 

• Molding & trim
• Siding
• Roofing
• Others 

By End-Use Sector Type 

• Residential
• Non-Residential

By Material Type 

• Portland
• Sand
• Fiber
• Others

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

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Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: 

Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.