Global Fiber Cement Market is valued at approximately USD 17.68 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.11% during the forecast period 2023-2030. Fiber cement is a composite material commonly used in construction for building exteriors. It is a versatile and durable material that consists of cement, sand, and cellulose fibers. The Fiber Cement Market is expanding because of factors such as growing demand for Energy-Efficient buildings and increasing rate of urbanization. This cement is often used as a siding material for residential and commercial buildings, it can also be used for other applications such as roofing, trim, and soffits. As a result, the demand for Fiber Cement has progressively increased in the international market during the forecast period 2023-2030.
Energy-efficient buildings often require effective insulation to minimize heat transfer. Fiber cement, with its inherent properties, can contribute to the insulation of buildings, helping to maintain a comfortable temperature indoors. According to Statista, in 2023, the value of investments in energy-efficient buildings in Europe accounted for USD 134 billion followed by the market in the United States accounted for about USD 32 billion during the same year in 2023. Another important factor drives the Fiber Cement Market is increasing rate of urbanization. Urbanization is associated with the construction of high-rise buildings and skyscrapers. Fiber cement can be used in these structures for various purposes, including exterior cladding, due to its durability and fire-resistant properties. In addition, as per Statista, the global urbanization rate was 57% in 2022. North America has the highest amount of urbanization, with more than four-fifths of the population living in cities. Moreover, increasing construction activities and infrastructure development and a rising number of populations are anticipated to create lucrative growth opportunities for the market over the forecast period. However, the high cost associated with Fiber Cement Products and lack of awareness is going to impede overall market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Fiber Cement Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the growing population and increase in disposable income of people in the region. The region's dominant performance is anticipated to propel the overall demand for Fiber Cement. Furthermore, Asia Pacific is expected to grow fastest during the forecast period, owing to factors such as the increasing number of residential and nonresidential construction projects in the region.
Major market player included in this report 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
- Cembrit Holding A/S
Recent Developments in the Market:
- In September 2023, Duraguard Microfibre Cement, a fibre reinforced cement, was introduced by Nuvoco Vistas. The cement clinker contains electrostatically precipitated dry fly ash and is 48-52% tricalcium silicate with low tricalcium aluminate. When compared to standard Ordinary Portland cement (OPC), it provides improved bonding, crack resistance, strength, and durability, as well as a smoother surface finish.
Global Fiber Cement Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Raw Material, Construction Type, End Use, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Raw Material
- Portland Cement
- Silica
- Cellulosic Fiber
- Others
By Construction Type
- Siding
- Roofing
- Molding & Trim
- Others
By End Use
- Residential
- Non-Residential
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Fiber Cement Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Fiber Cement Market, by Raw Material, 2020-2030 (USD Billion)
- 1.2.3. Fiber Cement Market, by Construction Type, 2020-2030 (USD Billion)
- 1.2.4. Fiber Cement Market, by End Use, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Fiber Cement Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Fiber Cement Market Dynamics
- 3.1. Fiber Cement Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing demand for Energy-Efficient Buildings
- 3.1.1.2. Increasing rate of urbanization
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost associated with Fiber Cement Products
- 3.1.2.2. Lack of awareness
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing Construction Activities and Infrastructure Development
- 3.1.3.2. Rising number of populations
Chapter 4. Global Fiber Cement Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Fiber Cement Market, by Raw Material
- 5.1. Market Snapshot
- 5.2. Global Fiber Cement Market by Raw Material, Performance - Potential Analysis
- 5.3. Global Fiber Cement Market Estimates & Forecasts by Raw Material 2020-2030 (USD Billion)
- 5.4. Fiber Cement Market, Sub Segment Analysis
- 5.4.1. Portland Cement
- 5.4.2. Silica
- 5.4.3. Cellulosic Fiber
- 5.4.4. Others
Chapter 6. Global Fiber Cement Market, by Construction Type
- 6.1. Market Snapshot
- 6.2. Global Fiber Cement Market by Construction Type, Performance - Potential Analysis
- 6.3. Global Fiber Cement Market Estimates & Forecasts by Construction Type 2020-2030 (USD Billion)
- 6.4. Fiber Cement Market, Sub Segment Analysis
- 6.4.1. Siding
- 6.4.2. Roofing
- 6.4.3. Molding & Trim
- 6.4.4. Others
Chapter 7. Global Fiber Cement Market, by End Use
- 7.1. Market Snapshot
- 7.2. Global Fiber Cement Market by End Use, Performance - Potential Analysis
- 7.3. Global Fiber Cement Market Estimates & Forecasts by End Use 2020-2030 (USD Billion)
- 7.4. Fiber Cement Market, Sub Segment Analysis
- 7.4.1. Residential
- 7.4.2. Non-Residential
Chapter 8. Global Fiber Cement Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Fiber Cement Market, Regional Market Snapshot
- 8.4. North America Fiber Cement Market
- 8.4.1. U.S. Fiber Cement Market
- 8.4.1.1. Raw Material breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Construction Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. End Use breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Fiber Cement Market
- 8.5. Europe Fiber Cement Market Snapshot
- 8.5.1. U.K. Fiber Cement Market
- 8.5.2. Germany Fiber Cement Market
- 8.5.3. France Fiber Cement Market
- 8.5.4. Spain Fiber Cement Market
- 8.5.5. Italy Fiber Cement Market
- 8.5.6. Rest of Europe Fiber Cement Market
- 8.6. Asia-Pacific Fiber Cement Market Snapshot
- 8.6.1. China Fiber Cement Market
- 8.6.2. India Fiber Cement Market
- 8.6.3. Japan Fiber Cement Market
- 8.6.4. Australia Fiber Cement Market
- 8.6.5. South Korea Fiber Cement Market
- 8.6.6. Rest of Asia Pacific Fiber Cement Market
- 8.7. Latin America Fiber Cement Market Snapshot
- 8.7.1. Brazil Fiber Cement Market
- 8.7.2. Mexico Fiber Cement Market
- 8.8. Middle East & Africa Fiber Cement Market
- 8.8.1. Saudi Arabia Fiber Cement Market
- 8.8.2. South Africa Fiber Cement Market
- 8.8.3. Rest of Middle East & Africa Fiber Cement Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Etex Group NV
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. James Hardie Industries PLC
- 9.3.3. Evonik Industries AG
- 9.3.4. Compagnie De Saint Gobain SA
- 9.3.5. Toray Industries Inc
- 9.3.6. CSR Limited
- 9.3.7. The Siam Cement Public Company Limited
- 9.3.8. Nichiha Corporation
- 9.3.9. Plycem Corporation
- 9.3.10. Cembrit Holding A/S
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption