Fiber Cement Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, Japan, Australia, Indonesia, Malaysia, South Korea, India, Brazil, Mexico, South Africa, Saudi Arabia, UAE), Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

Report ID: GMI4975

Summary Methodology

Fiber Cement Market size is anticipated to grow at a significant rate from 2021 to 2027 owing to the rising usage of eco-friendly and sustainable construction materials. Stringent government regulations on the use of asbestos in cement products will escalate the market demand. This composite material is mainly used in building façade, roofing, and cladding products due to its energy-saving, eco-friendliness, and cost benefits attributes.

Fiber cement is gaining popularity in developing nations on account of its superior attributes such as low maintenance, degree of flexibility, serviceability of the composite, and the ability to withstand extreme weather conditions. The increasing acceptance in exterior cladding & interior linings of residential homes to drive fiber cement market demand. Housing construction continues to rise in developed nations on account of low-interest rates. Demographic factors including household formation, rise in disposable income, immigration, and internal migration will result in the healthy demand for fiber cement from the residential sector.

The construction industry accounts for a valuable share in each country’s GDP. The rising construction spending is expected to augment the demand for fiber cement. China and the U.S. are among the leading construction spending nations. According to the U.S. Census Bureau, the country’s construction sector accounted for USD 1,365 billion in 2019 with the non-residential sector accounting for over 55% of the total construction spending. New York, California, Illinois, and Florida display the highest value of private non-residential construction in the region. Growing utility of fiber cement boards in tunnels, corridors, hotel lobbies, shopping malls, educational, and healthcare facilities will promote fiber cement consumption.

Fluctuating material cost coupled with the ongoing COVID-19 pandemic will adversely affect the fiber cement market growth. A shortfall in funding coupled with a wide demand-supply gap of several construction materials will adversely impact the commercial construction industry. Moreover, the closure of several industrial expansion projects due to national lockdown for a moderate period will subsequently lower the production capacity of fiber cement.

Based on material, the fiber cement market is segmented into cellulosic fiber, Portland cement, silica, and other additives. The growing usage of Portland cement in commercial & architectural concrete construction applications will augment product demand. It minimizes concrete construction spending and modifies the properties of hardened concrete. A concrete mix is composed of Portland cement and is resistant to harsh environmental conditions including de-icing and frost chemicals. The rising multiplicity of residential dwellings, high-end buildings, condominiums, and public infrastructure in Latin America, Asia Pacific, and the Middle East will influence industry expansion by 2026.

Fiber cement siding is gaining high acceptance by consumers looking for a cost-effective, durable, and versatile solution compared to wood, stone, brick, or stucco. It offers complete protection from rotting and insects. They are composed of fly ash, wood pulp, and Portland cement. It enhances the aesthetic appeal of the building and complements modern exterior home designs.

In terms of volume, the commercial & industrial sectors will lead the fiber cement market. Banning the use of asbestos in workplaces, such as warehouses and factories, will escalate the demand for eco-friendly construction materials. Global initiatives to reduce carbon emissions by improving energy efficiency and sustainability will propel product demand in the industrial segment. For instance, the inauguration of the U.S. Green Building Council will ensure and promote sustainability in building designs through construction and operation. Industrial buildings are progressively embracing energy-efficient practices, thereby boosting the demand for fiber cement products.

North America fiber cement market is likely to showcase decent growth rate during 2021 to 2027. the U.S. is majorly engaged in restructuring and remodeling activities as opposed to new construction activities, which will have a positive impact on the product demand. Engineering & construction spending in the U.S. is growing at a decent rate since the past decade. Wage improvements, inventories, tax restructuring, and the existence of large manufacturers are responsible for driving long-term demand in the residential sector. On the other hand, the ongoing rise in e-commerce, gas prices, and interests continue to shape commercial spending as there will be a strong demand for warehouses and distribution centers. These trends will have a positive impact on product demand.

The fiber cement market is highly fragmented with major players focusing on product innovation and increasing the capacity of manufacturing facilities to strengthen their market share. In 2018, James Hardie Industries, one of the largest global manufacturers of fiber cement products, acquired Fermacell GmbH to expand its geographical reach and strengthen its business portfolio.

Notable players operating in the industry include CSR Limited, ETEX Group, Toray Industries, Inc., Evonik Industries, Plycem Corporation, Nichiha Corporation, Cembrit Group, Siam Cement Public Company Limited, Beijing Hocreboard Building Materials, Allura USA, Alpha Roofing Industries, Coverworld UK, Jiahua Special Cement Co., Swisspearl, and Mahaphant Fiber Cement (South Asia) Pvt Ltd (MSA).

Fiber Cement Market, By Material, 2021 - 2027 (USD Million)

  • Cellulosic fiber
  • Portland cement
  • Silica
  • Other additives

Market, By Application, 2021 - 2027 (USD Million)

  • Siding
  • Roofing
  • Cladding
  • Molding & trimming
  • Others (backer boards, flooring, etc.)

Market, By End-user, 2021 - 2027 (USD Million)

  • Residential
  • Commercial
  • Industrial
  • Agricultural

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • APAC
    • China
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • South Korea
    • India
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE

Company Profiles:

  • CSR Limited
  • ETEX Group
  • Toray Industries, Inc.
  • Evonik Industries
  • Plycem Corporation
  • Nichiha Corporation
  • Cembrit Group
  • Siam Cement Public Company Limited
  • Beijing Hocreboard Building Materials
  • Allura USA
  • Alpha Roofing Industries
  • Coverworld UK
  • Jiahua Special Cement Co.
  • Swisspearl
  • Mahaphant Fiber Cement (South Asia) Pvt Ltd (MSA)

What Information does this report contain?

Historical data coverage: 2013 to 2015; Growth Projections: 2016 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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