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  • Fiber Cement Market Analysis & Forecast | 2022-2028

    Fiber Cement Market Analysis & Forecast | 2022-2028

    Fiber Cement Market Analysis & Forecast | 2022-2028
    Report code - SRCE159 Delivery - 2 Weeks
    Fiber Cement Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportu See more...

    "The Fiber Cement Market is 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 Market Size

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    Market Dynamics


    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.

    Global Fiber Cement Market Features

    Market Size in 2021

    US$ 17.01 Billion

    Market Size in 2028

    US$ 22.97 Billion

    Market Growth by 2022-2028

    CAGR of 4.33%

    Base Year of Study


    Trend Period


    Forecast Period


    Dominant Region

    Asia-Pacific held the largest share of the market.


    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.

    Fiber Cement Market Snap

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    Segments Analysis

    Application Trends

    "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.

    Material Trends

    "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.

    Fiber Cement Market Region

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    key Players

    The following are the key players in the Fiber Cement Market (arranged alphabetically)

    • 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.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    Report Features

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

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the fiber cement market.

    How lucrative is the future?

    The market forecast and trend data and emerging trends.

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts.

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast.

    What are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis.

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, and Life cycle analysis.

    What are the factors affecting the market?

    Drivers & challenges.

    Will I get the information on my specific requirements?

    10% free customization.

    Research Methodology

    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 the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    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.

    Frequently Asked Questions (FAQs)

    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.

    The market was estimated to grow from USD 17.01 billion in 2021 to USD 22.97 billion by 2028.

    The market is expected to grow at a CAGR of 4.33% during the forecast period.

    Some of the major players in the market are- 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, and Cembrit Holding A/S.

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

    The prime factors contributing to the demand for fiber cement are stringent regulations regarding use of asbestos cement, growing construction industry due to the surge in world population, and increasing purchasing power of customers.