Feb 25, 2020 (Heraldkeepers) -- Global Fiber Cement Market: Information by Material (Cellulosic Material, Portland Cement), Product (Boards, Panels, Siding), Application (Cladding, Flooring, Inner Lining, Partition Wall), End User (Residential, Non-Residential), Region--Forecast till 2023
James Hardie Industries PLC (Ireland), Alpha Roofing Industries, LLC (US), Allura (US), Cembrit Holding A/S (Denmark), Shandong Cement (China), CSR Limited (Australia), Etex Group NV (Belgium), Toray Industries Inc. (Japan), American Fiber Cement Corporation (US), Nichiha (Japan), and GAF (US).
Fiber cement, or reinforced fiber cement, is a popular composite building material that is getting significant traction in the construction sector. The end product is a composition of Portland cement, cellulosic material, fine silica (sand), and other additives. The global market is aiming big with growing construction activities and could register notable CAGR during the forecast period of 2018 to 2023.
The growth for the global fiber cement market would depend more on its features like better fire and impact resistance properties. For the exterior section, fiber cement finds substantial growth with partition walls, ceilings, wall cladding, and decorative applications. It can also be used as rainscreen applications. The boards can be used to build shopping malls, hotel lobbies, tunnels, corridors, residential buildings, and others. It is a low cost product and can provide substantial resistance against fungi, mold, and bacteria, which ensures durability. Its inert properties make it suitable for dumping in landfills without affecting the environment in an adverse way.
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The global fiber cement market, as directed by MRFR, in their recent report, has been segmented by material, product, application, and end user. The attempt is to understand how much the market would benefit in the coming years from diverse factors that are expected to make an impact on the market.
By material, the global fiber cement market can be segmented into Portland cement, sand, cellulosic material, and others. The sand segment has substantial market coverage. The Portland cement is also growing quite rapidly.
By product, the global fiber cement market includes boards, panels, siding, and others. The panels segment is getting notable traction.
By application, the market for global fiber cement covers inner lining, fire & acoustic walls, cladding, flooring, molding & trim, partition walls, ceilings, and others. The acoustic walls are becoming popular among a lot of people owing to which the growth would be substantial.
Among end users, the global market for cement fiber can be segmented into residential and non residential. Residential and non-residential segments are taking benefit of the market's technological brilliance. High disposable income is expected to make a strong ground for the residential segment.
The global fiber cement market report considers several regions to complete its take on the market. The report has been founded on North America, Asia Pacific, and the Middle East & Africa who are expected to make substantial contribution and Europe, and Latin America with high potential to trigger changes in the coming days. Asia-Pacific had the maximum market coverage in the year 2017 and is expected to continue its growing streak with substantial CAGR in the coming years as well to make sure that the market retains its original position. Rapid urbanization and industrialization can be considered as major contributing factors. Countries like China, India, Japan, Indonesia, and Australia can impact the growth in a remarkable way.
North America and the Middle East & Africa are showing substantial growth possibilities where construction activities are expected to boost the market forward. Canada, and the US are countries who can contribute the most in the coming years as their infrastructural developments are triggering various construction activities. Increasing number of projects concerning residences in the region is expected to provide traction to the market. The growth in the Middle East & Africa is depending on substantial construction activities in Qatar, Dubai, Kuwait, and other regions. However, the African region may not find it that conducive for the growth.
The European and Latin American market can make sure that the market witnesses moderate growth in the coming years. Various renovation activities are expected to make a lasting impact on the European market scene.
Fiber cement manufacturers
Traders and distributors of fiber cement
Research and development institutes
Raw material suppliers