Market Research Report
Fiber Cement Market Size By Application, By Sector, By End-User, COVID19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027
|Published by||Global Market Insights Inc.||Product code||1008240|
|Published||Content info||160 Pages
Delivery time: 2-3 business days
|Fiber Cement Market Size By Application, By Sector, By End-User, COVID19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027|
|Published: May 27, 2021||Content info: 160 Pages||
The global fiber cement market will foresee lucrative a growth over 2021-2027 with rising government initiatives to enhance commercial infrastructure, growing concerns over ageing buildings in developed nations, and public construction activities across emerging economies. Fiber cement or fiber reinforced cement is basically a composite of wood fiber, cement as well as other additives that are not just sustainable materials, but can also perform against harsh weather, insects and wear in comparison to other siding materials.
Fiber cement is a versatile building material and is in fact one of the most energy efficient materials currently in the market. It is also known to be environmentally friendly since the fiber cement needs very less energy in construction and assembly as compared to other wall materials. Moreover, no pesticides are utilized in the use of fiber cement or in manufacture.
In fact, when fiber cement is manufactured, the water that is used in production is recycled several times, solid wastes are also recycled, and sustainable raw materials are utilized. The global fiber cement market is segmented in terms of application, sector, end-user, and regional landscape.
As per application, the market is divided into roofing, siding, and other uses such as facades, floors among others. Among these, the market share from siding application segment will grow at a rate of 3.6% up to 2027. Construction activities in developed countries along with stimulus in repair & remodeling activities will shape consumption trend of fiber cement in this segment. Fiber cement siding is also known as a very low-maintenance exterior option for households.
The markets for fiber cement is divided into residential uses and the non-residential segment comprising industrial, institutional and commercial infrastructure. Here, the industrial segment will be see a gradual rise in the material consumption through 2027. Increase in industrial activities across the emerging nations will enhance product usage in the sector.
Globally, fiber cement industry share is growing across improvements and repair as well as new construction applications. Improvements & repair segment will witness moderate growth in terms of volume over the forecast timeframe. Rising focus of the government across developed countries to enhance local infrastructure coupled with growing concerns over ageing buildings will accelerate the product demand in this segment.
On the geographical front, Middle East and Africa region will be the fourth largest market for fiber cement with regards to sold volume. Rise in income level of the people and numerous government initiatives to enhance commercial infrastructure in the region will expand the consumption of fiber cement products.