The global Fiber Cement market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Some of the key factors responsible for the market growth include rapid industrialization, rapid industrialization, benefits of fiber cement over alternatives, boom in the construction sector, rising disposable incomes of individuals and higher standards of living are propelling the market growth. However, high installation cost and fluctuating raw material prices are limiting the market growth. In addition, high demand for fiber cements from emerging economies provides huge growth.
Global Fiber Cement market segmented on the basis of material, application, end-user and region.
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Portland cement Laminates Dominate the Global Fiber Cement Market
Based on material, global fiber cement market segmented into cellulosic material (Fiber), portland cement, sand and others. Portland cement held considerable market share during predicted period. Portland cement is one of the most traditional of construction materials. Rising costs of the energy required for its manufacture and the increasing interest in understanding the mechanisms of concrete deterioration, as well as the importance of optimising the use of Portland cement in high quality concrete, have continued to sustain interest in this important material.
Asia Pacific Leads the Global Fiber Cement market
PBI’s global fiber cement market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Asia Pacific accounted for larger revenue share in global fiber cement market with considerable CAGR. The growth in this region is due to rapid growth in the infrastructure sector and rising economy. Also, China is the major contributor for the market growth in the region. Moreover, North America held significant market share during estimated period owing to presence of severe rules and manufacturing industries.
Strategic Agreements are the key strategies adopted by market players
Global Fiber Cement market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, In Oct 2017, Allura made an agreement with KB Home to serve as the homebuilder’s exclusive supplier of exterior fiber cement siding products. The Allura siding product line provides the benefits of fiber cement technology with a deeper, realistic wood grain, resulting in a more attractive appearance for enhanced curb appeal.
Key player’s profiles in the report are Allura (US), Alpha Roofing IndustriesLLC (US), American Fiber Cement Corporation (US), Cembrit Holding A/S (Denmark), CSR Limited (Australia), Etex Group NV (Belgium), GAF (US), James Hardie Industries PLC (Ireland), Nichiha (Japan), Shandong Cement (China)
Toray Industries Inc. (Japan) and Evonik Industries AG (Germany).
Precision Business Insights (PBI) in its report titled “Global Fiber Cement Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
o Cellulosic material (Fiber)
o Portland cement
o Molding & trim
By End User
o North America
• Rest of Europe
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• South Africa
• Rest of MEA
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