North America and Europe are expected to be the leaders in sales of fiber cement panels. The major players accounting for the largest fiber cement board market share are James Hardie Industries PLC, Etex Group NV, Cembrit, Mahaphant Fiber Cement Co., Ltd., Elementia, SAB de CV, Everest Industries, Saint-Gobain, Hume Cemboard Industries, Nichiha. Corporation, and Soben board Everest among others
NEWARK, Del., August 2, 2022 /PRNewswire/ — The fiber cement board market is estimated to create an absolute dollar opportunity with a stable CAGR of 4.3% throughout the forecast years 2022-2032. Market value is expected to increase by 10 billion US dollars in 2021 to reach a valuation of US$27 billion by 2032.
Fiber cement panels are made of cellulose extracted from plants, cement and sand. Cement plays an important role in the formation of fiber cement panels as it registers as an extremely hard material which makes it a very affordable alternative for the real estate sector.
Fiber cement boards are widely used to clad building exteriors in residential, commercial and industrial buildings. The construction sector is the main end-user of the fiber cement board market. With the growing need for residential buildings, the fiber cement board market is also expected to show phenomenal growth over the forecast period.
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Key points to remember
- The increase in population in cities and the increase in the number of migrations from rural to urban areas have led to rapid urbanization. A significant increase in construction projects has been observed over the past few years and is expected to increase in the future, leading to an increase in the sales of fiber cement board in the global market.
- The growing trend of creating planned cities and better living conditions are further boosting the fiber cement board sales in all countries simultaneously.
- The government is rapidly taking initiatives in low- and middle-income countries to provide affordable housing to broad sections of society. These opportunities are expected to create massive demand for fiber cement boards over the forecast years.
- All major high-income regions are carrying out renovation activities which are expected to further boost fiber cement board sales in these regions. The contribution of developed regions in the construction sector is expected to drive the sales in the fiber cement board market.
- The construction industry has maximum contribution to the sales of fiber cement board market as it is used for applications such as flooring, cladding and roofing among others. Growth in the construction industry is expected to significantly boost fiber cement board sales in the future.
- The growing demand for new homes and the renovation of old constructions are significantly increasing the demand for fiber cement boards in the coming years.
James Hardie Industries PLC, Etex Group NV, Cembrit, Mahaphant Fiber Cement Co., Ltd., Elementia, SAB de CV, Everest Industries, Saint-Gobain, Hume Cemboard Industries, Nichiha Corporation, Soben board Everest are some of the major companies presented. in the full report.
Key market players are expected to expand the company’s portfolio and increase its fiber cement board market share in the coming days. Some big companies in the industry are making technological advancements to gain a market advantage.
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More insights into fiber cement board market
North America and Europe are expected to dominate the global fiber cement board market. Countries like the UK, North America, Germanyand Spain among others are expected to be leading countries in the fiber cement board market owing to the high construction expenditures in these countries.
Booming global construction activities in commercial and residential areas are expected to contribute to the growth of the fiber cement board market in North America.
Fiber cement board has an aesthetic advantage as it resembles wooden planks or wooden shingles, which also makes the demand for fiber cement board in the architectural sector. Additionally, fiber cement board sales are greener options for residential applications.
regions like the Asia Pacific, Latin Americaand countries like MEA are witnessing an increase in construction activities amid increasing urbanization which is expected to drive the demand for fiber cement panels in the global market.
Developing countries like India, Chinaand Indonesia predict rapid population growth which is another factor boosting fiber cement board sales and better housing conditions which is expected to boost the construction industry in the Asia Pacific Region.
North America and European regions are expected to hold a major share of the global fiber cement board market. New opportunities for the fiber cement board market are expected to be generated by the Middle East & Africaand Latin America Regions.
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By raw material:
- Commercial buildings
- Residential buildings
By end use:
- North America
- Latin America
- Asia Pacific
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1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market Context
3.1. Market dynamics
3.2. Scenario forecast
3.3. Opportunity Map Analysis
3.4. Product life cycle analysis
3.5. Supply chain analysis
4. Global Fiber Cement Board Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Analysis of Market Size (US$ Million) and Volume (Square Meters) Value, 2017-2021
4.2. Current and future value projections of market size (million US$) and volume (square meters), 2022-2032
5. Global Fiber Cement Board Market Analysis 2017-2021 and Forecast 2022-2032, By Thickness
The table of contents continues..!
About Future Market Insights Chemicals and Materials Division
The Chemicals and Materials team at Future Market Insights offers expert analysis, timely research, and strategic recommendations with the aim of providing authentic information and accurate results to help customers around the world. With a repository of over 100 reports and over a million data points, the team has been insightfully analyzing the industry in over 50 countries for over a decade. The team provides a brief analysis of key trends including the competitive landscape, profit margin, and research development efforts.
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