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The global fibre cement market was estimated to be worth $15.10 billion in 2022. At a CAGR of 6.60% between 2023 and 2030, the fibre cement market is expected to more than double from its 2023 value of USD 16.7908 Billion to USD $25.96404709 billion. The primary industry drivers boosting market expansion are increased investments in residential building and rapid infrastructure development around the globe.
The increasing urgency of reducing carbon emissions from the construction industry should fuel demand for the product. The market is expanding because of a number of factors, including the increasing urbanisation and industrialization of emerging economies, the thriving construction sector, the superior efficiency of fibre cement products, and the prohibition of asbestos cement products. Market participants also stand to benefit from the rising infrastructure spending. However, the expansion of the worldwide fibre cement industry is hampered by the scarcity of skilled labour in developing nations.
Asbestos cement poses serious health risks, including an increased risk of cancers like ovarian and lung cancer. As a result, the demand for fibre cement products such planks, sheets, panels, boards, and others has increased due to the prohibition on asbestos cement products by government agencies. The worldwide demand for fibre cement is being propelled by the booming building industry. Fibre cement's popularity has grown in many different end-use sectors, including the residential, commercial, infrastructure, hospitality, and other sectors. In addition, the residential sector's rapid expansion is anticipated to fuel market expansion. However, the expansion of the fibre cement market is hampered by several factors, one of which is a lack of competent personnel for manufacturing fibre cement products. However, in order to assure the most effective use of equipment, businesses provide trainings to employees through official vocational education programmes. Growth opportunities for global fibre cement market players are expected to be particularly promising in developing countries like India, China, South Africa, Thailand, and others, where the construction industry is booming and where the government is taking active measures to boost infrastructure investments. Based on raw material, application, end use, and location, the fibre cement market is broken down into distinct submarkets.
Fibre cement is safer for the environment than asbestos. As a result, many nations have passed legislation limiting asbestos use. They're trying to make it illegal, which has increased demand for fibre cement as an alternate material. Because of the danger it causes to human health, the European Union banned the use of asbestos in 2005. In addition, governments across the world are enacting policies to encourage greener building and construction methods. For instance, the Canadian government funds initiatives including facility upgrades, retrofits, maintenance, and new construction that aim to make the country's communities more environmentally friendly and accessible. The CAGR of the market is projected to rise because of this.
Siding is where we anticipate seeing the greatest growth in the fibre cement sector. Fibre cement is most commonly used for siding, both in residential and commercial buildings. To prevent damage from severe weather, fibre cement is put to the exterior of the walls in this method. The aesthetic quality of the buildings is enhanced by the use of fibre cement siding. Fiber-cement siding is a great option for low cost and durability in areas prone to severe weather. Portland cement is predicted to have the highest value and volume share in the fibre cement market. Concrete and mortar are made with Portland cement more than any other type of cement. Calcium, silica, alumina, and iron are the cement's main chemical components. It is one of the most commonly used building materials since it is inexpensive and easily accessible.
Report Coverage
Global Fiber Cement research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Fiber Cement report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Fiber Cement competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Fiber Cement market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Fiber Cement market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Fiber Cement market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
James Hardie Industries PLC (Ireland), Allura (US), Cembrit Holding A/S (Denmark), CSR Limited (Australia), Etex Group NV (Belgium), Toray Industries Inc. (Japan), American Fiber Cement Corporation (US), Nichiha (US), GAF (US)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Fiber Cement market based on the below-mentioned segments:
Global Fiber Cement Market, By Product
Boards
Panels
Others
Global Fiber Cement market, By Application
Siding
Roofing
Flooring
Molding and Trim
Inner Lining
Fire and Acostic Walls
Partition Walls
Others
Global Fiber Cement Market, By End User
Residential
Non-Residential
Global Fiber Cement market, Regional Analysis
The increasing urgency of reducing carbon emissions from the construction industry should fuel demand for the product. The market is expanding because of a number of factors, including the increasing urbanisation and industrialization of emerging economies, the thriving construction sector, the superior efficiency of fibre cement products, and the prohibition of asbestos cement products. Market participants also stand to benefit from the rising infrastructure spending. However, the expansion of the worldwide fibre cement industry is hampered by the scarcity of skilled labour in developing nations.
Asbestos cement poses serious health risks, including an increased risk of cancers like ovarian and lung cancer. As a result, the demand for fibre cement products such planks, sheets, panels, boards, and others has increased due to the prohibition on asbestos cement products by government agencies. The worldwide demand for fibre cement is being propelled by the booming building industry. Fibre cement's popularity has grown in many different end-use sectors, including the residential, commercial, infrastructure, hospitality, and other sectors. In addition, the residential sector's rapid expansion is anticipated to fuel market expansion. However, the expansion of the fibre cement market is hampered by several factors, one of which is a lack of competent personnel for manufacturing fibre cement products. However, in order to assure the most effective use of equipment, businesses provide trainings to employees through official vocational education programmes. Growth opportunities for global fibre cement market players are expected to be particularly promising in developing countries like India, China, South Africa, Thailand, and others, where the construction industry is booming and where the government is taking active measures to boost infrastructure investments. Based on raw material, application, end use, and location, the fibre cement market is broken down into distinct submarkets.
Fibre cement is safer for the environment than asbestos. As a result, many nations have passed legislation limiting asbestos use. They're trying to make it illegal, which has increased demand for fibre cement as an alternate material. Because of the danger it causes to human health, the European Union banned the use of asbestos in 2005. In addition, governments across the world are enacting policies to encourage greener building and construction methods. For instance, the Canadian government funds initiatives including facility upgrades, retrofits, maintenance, and new construction that aim to make the country's communities more environmentally friendly and accessible. The CAGR of the market is projected to rise because of this.
Siding is where we anticipate seeing the greatest growth in the fibre cement sector. Fibre cement is most commonly used for siding, both in residential and commercial buildings. To prevent damage from severe weather, fibre cement is put to the exterior of the walls in this method. The aesthetic quality of the buildings is enhanced by the use of fibre cement siding. Fiber-cement siding is a great option for low cost and durability in areas prone to severe weather. Portland cement is predicted to have the highest value and volume share in the fibre cement market. Concrete and mortar are made with Portland cement more than any other type of cement. Calcium, silica, alumina, and iron are the cement's main chemical components. It is one of the most commonly used building materials since it is inexpensive and easily accessible.
Report Coverage
Global Fiber Cement research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Fiber Cement report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Fiber Cement competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Fiber Cement market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | James Hardie Industries PLC (Ireland), Allura (US), Cembrit Holding A/S (Denmark), CSR Limited (Australia), Etex Group NV (Belgium), Toray Industries Inc. (Japan), American Fiber Cement Corporation (US), Nichiha (US), GAF (US) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Fiber Cement Market from 2021 to 2030.
- Market Forecast for Fiber Cement Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Fiber Cement competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Fiber Cement
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Fiber Cement market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Fiber Cement market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
James Hardie Industries PLC (Ireland), Allura (US), Cembrit Holding A/S (Denmark), CSR Limited (Australia), Etex Group NV (Belgium), Toray Industries Inc. (Japan), American Fiber Cement Corporation (US), Nichiha (US), GAF (US)
Primary Target Market
- Market Players of Fiber Cement
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Fiber Cement market based on the below-mentioned segments:
Global Fiber Cement Market, By Product
Boards
Panels
Others
Global Fiber Cement market, By Application
Siding
Roofing
Flooring
Molding and Trim
Inner Lining
Fire and Acostic Walls
Partition Walls
Others
Global Fiber Cement Market, By End User
Residential
Non-Residential
Global Fiber Cement market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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