Fiber Cement Market Size - By Application (Siding, Roofing), By Sector (Residential, Non-Residential), End-User (New Construction, Improvements & Repair), Growth Drivers, Regional Insights & Forecast, 2023-2032
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
Fiber Cement Market Size - By Application (Siding, Roofing), By Sector (Residential, Non-Residential), End-User (New Construction, Improvements & Repair), Growth Drivers, Regional Insights & Forecast, 2023-2032
Fiber Cement Market Size - By Application (Siding, Roofing), By Sector (Residential, Non-Residential), End-User (New Construction, Improvements & Repair), Growth Drivers, Regional Insights & Forecast, 2023-2032
Fiber Cement Market Size
Fiber Cement Market size is predicted to observe about 4.7% CAGR between 2023 and 2032. Driven by the increasing demand for sustainable construction materials. Fiber cement offers significant environmental benefits, as it is manufactured from recycled materials and has a low carbon footprint. The product is used in a wide range of applications, including siding, roofing, flooring, and backer boards. The inherent advantages of fiber cement, such as resistance to rot, insects, fire, and moisture, have positioned it as a preferred choice for both residential and commercial construction projects. The increasing usage of the product for circular design will shape the industry outlook.
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Fiber Cement Market Drivers & Restraints
The rising construction activities across residential, commercial, and industrial sectors, in consort with the focus on durability, versatility, and aesthetic appeal is fueling the adoption of fiber cement as a preferred construction material. Despite the positive market outlook, the high initial cost associated with fiber cement products compared to traditional alternatives such as vinyl or wood is acting as a restraint. In addition, fiber cement installation requires specialized skills and equipment, increasing the overall installation costs.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 4.7% |
| Historical Data for | 2018 to 2021 |
| No. of Pages | 160 |
| Tables, Charts & Figures | 251 |
| Segments covered | Application, Sector, End-user, Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
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Fiber Cement Market Trends
The emphasis on advanced manufacturing technologies and innovative product offerings is a significant industry trend. Manufacturers are investing in R&D to improve the performance characteristics of fiber cement, including enhancing durability, reducing weight, and developing new surface finishes and textures. Moreover, there is growing demand for pre-painted fiber cement products that provides customers with a wide range of color options and reduces the need for on-site painting. The integration of fiber cement with other materials, such as composites and polymers, is gaining traction, offering enhanced performance and design flexibility.
COVID-19 Impact
The COVID-19 pandemic has had a significant impact on the fiber cement market. While the construction industry experienced disruptions due to lockdown measures and supply chain challenges, there was a resilient demand owing to the essential nature of construction activities in many regions. However, the uncertainty surrounding the pandemic, economic slowdown, and labor shortages affected new construction projects, leading to a temporary decline in demand for fiber cement products. Nonetheless, as the construction sector recovers and governments invest in infrastructure development to stimulate economic growth.
Fiber Cement Market Analysis
The siding segment will hold approximately 70% share of the fiber cement market by 2032. The product has emerged as a popular choice among homeowners and builders due to its durability, resistance to weather conditions, and low maintenance requirements. The ability of fiber cement siding to mimic the appearance of natural materials like wood or stone while offering superior performance and longevity has contributed to its growing adoption. With the consumers increasingly prioritizing siding materials that offer a balance between aesthetics and functionality, the market will continue to grow.
Fiber cement market from the new construction segment is anticipated to witness over 5% CAGR from 2023 to 2032. With rapid urbanization and infrastructure development in emerging economies, the demand for new residential and commercial buildings is on the rise. Fiber cement finds extensive application in new construction projects, offering builders and architects a versatile and sustainable material choice. The segment's growth is led by factors such as population growth, urbanization, and the need for cost-effective, durable, and energy-efficient construction materials.
Asia Pacific fiber cement market will acquire around 45% revenue share by 2032, due to the region’s booming construction sector, propelled by rapid urbanization and infrastructure investments. Countries such as China, India, and Southeast Asian nations are observing significant demand for fiber cement products due to the increasing construction activities, government initiatives promoting sustainable building practices, and the rising awareness of environmental issues. Additionally, the vulnerability to natural disasters such as typhoons and earthquakes across the region favors the product usage for its superior resistance and durability.
Fiber Cement Market Share
Some of the prominent players in the global fiber cement market are
- CSR Limited
- Nichiha USA
- Everest Industries Ltd.
- Allura USA
- Swisspearl
- CertainTeed
- James Hardie Building Products
- Wehrhan GmbH
- Etex Group
- Cembrit
Fiber Cement Industry News
- In June 2022, Swisspearl Group announced the acquisition of Denmark’s Cembrit, making the company the second-largest fiber cement producer in Europe. The acquisition opens avenues for enhancements such as improved utilization of production capacities and a steadfast commitment to sustainability.
- In June 2023, American Fiber Cement Corporation (AFCC), a major distributor of high-density fiber cement, announced rebranding as American Fiber Cement (AFC). The rebrand includes a new logo, product names, and website. AFC will continue offering its full range of fiber cement products, previously linked with Cembrit, rebranded under AFC.
This market research report on fiber cement includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million Square Feet and revenue in USD million from 2022 to 2027 for the following segments
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Market, By Application
- Siding
- Roofing
- Others (floors, facades, etc.)
Market, By Sector
- Residential
- Non-residential
- Commercial
- Institutional
- Industrial
Market, By End-User
- New Construction
- Improvements & Repair
The above information is provided on a regional and country basis for the following
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- Thailand
- Australia
- Indonesia
- Malaysia
- LATAM
- Brazil
- Mexico
- MEA
- South Africa
- Saudi Arabia
- UAE
- Turkey
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Base estimation & forecast parameter
1.3 Forecast calculations
1.3.1 North America
1.3.2 Europe
1.3.3 Asia Pacific
1.3.4 Latin America
1.3.5 Middle East & Africa
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
Chapter 2 Executive Summary
2.1 Fiber cement industry 3600 synopsis, 2018 – 2032
2.1.1 Business trends
2.1.2 Application trends
2.1.3 Sector trends
2.1.4 End-user trends
Chapter 3 Fiber Cement Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2018 – 2032
3.2.1 COVID-19 impact on industry landscape
3.3 Industry ecosystem analysis
3.3.1 Value addition at each stage
3.3.2 Distribution channel analysis
3.3.3 Vendor matrix
3.3.3.1 List of key manufacturers/suppliers
3.3.3.2 List of key/potential customers
3.3.3.3 List of key service providers
3.3.4 Industry mega trends
3.4 Value chain disruption due to COVID-19
3.5 Innovation & sustainability
3.5.1 Patent analysis
3.5.2 Technology landscape
3.5.3 Future trends
3.5.4 Production process
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Increasing expenditure on construction projects worldwide
3.6.1.2 Rising concerns towards ageing infrastructure in the North America and Europe
3.6.1.3 Increasing replacement of asbestos roofing worldwide
3.6.1.4 Superior product characteristics of fiber cement products
3.6.2 Industry pitfalls & challenges
3.6.2.1 High installation costs
3.6.2.2 Adverse impact of COVID-19 pandemic on industry size
3.7 Regulatory landscape
3.7.1 China
3.7.2 Europe
3.7.3 U.S.
3.8 Growth potential analysis
3.9 Competitive landscape
3.9.1 Top player's overview
3.9.2 Brand analysis
3.9.3 Key stakeholders
3.9.4 Strategic dashboard
3.10 Porter’s analysis
3.10.1 Supplier power
3.10.2 Buyer power
3.10.3 Threat of new entrants
3.10.4 Threat of substitutes
3.10.5 Industry rivalry
3.11 Price trends (including COVID-19 impact)
3.11.1 Cost structure analysis
3.11.1.1 Raw Material cost
3.11.1.2 Manufacturing & equipment cost
3.11.1.3 R&D cost
3.11.1.4 Distribution cost
3.11.1.5 Operating cost
3.11.1.6 Miscellaneous cost
3.12 PESTEL analysis
3.13 Impact of COVID-19 on the global fiber cement industry
Chapter 4 Fiber Cements Market, By Application
4.1 Fiber cements market by application insights
4.2 Siding
4.2.1 Market estimates & forecast, 2018 – 2032
4.2.2 Market estimates & forecast by region, 2018 – 2032
4.3 Roofing
4.3.1 Market estimates & forecast, 2018 – 2032
4.3.2 Market estimates & forecast by region, 2018 – 2032
4.4 Others (floors, facades, etc.)
4.4.1 Market estimates & forecast, 2018 – 2032
4.4.2 Market estimates & forecast by region, 2018 – 2032
Chapter 5 Fiber Cements Market, By Sector
5.1 Fiber cements market by sector insights
5.2 Residential
5.2.1 Market estimates & forecast, 2018 – 2032
5.2.2 Market estimates & forecast by region, 2018 – 2032
5.3 Non-residential
5.3.1 Market estimates & forecast, 2018 – 2032
5.3.2 Market estimates & forecast by region, 2018 – 2032
5.3.3 Commercial
5.3.3.1 Market estimates & forecast, 2018 – 2032
5.3.3.2 Market estimates & forecast by region, 2018 – 2032
5.3.4 Institutional
5.3.4.1 Market estimates & forecast, 2018 – 2032
5.3.4.2 Market estimates & forecast by region, 2018 – 2032
5.3.5 Industrial
5.3.5.1 Market estimates & forecast, 2018 – 2032
5.3.5.2 Market estimates & forecast by region, 2018 – 2032
Chapter 6 Fiber Cements Market, By End-user
6.1 Fiber Cements market end-user insights
6.2 New construction
6.2.1 Market estimates & forecast, 2018 – 2032
6.2.2 Market estimates & forecast by region, 2018 – 2032
6.3 Improvements & Repair
6.3.1 Market estimates & forecast, 2018 – 2032
6.3.2 Market estimates & forecast by region, 2018 – 2032
Chapter 7 Fiber Cements Market, By Region
7.1 Fiber cements market regional insights
7.2 North America
7.2.1 Market estimates & forecast, 2018 – 2032
7.2.2 Market estimates & forecast, by application, 2018 – 2032
7.2.3 Market estimates & forecast, by sector, 2018 – 2032
7.2.4 Market estimates & forecast, by end-user, 2018 – 2032
7.2.5 U.S.
7.2.5.1 Market estimates & forecast, 2018 – 2032
7.2.5.2 Market estimates & forecast, by application, 2018 – 2032
7.2.5.3 Market estimates & forecast, by sector,, 2018 – 2032
7.2.5.4 Market estimates & forecast, by end-user, 2018 – 2032
7.2.6 Canada
7.2.6.1 Market estimates & forecast, 2018 – 2032
7.2.6.2 Market estimates & forecast, by application, 2018 – 2032
7.2.6.3 Market estimates & forecast, by sector,, 2018 – 2032
7.2.6.4 Market estimates & forecast, by end-user, 2018 – 2032
7.3 Europe
7.3.1 Market estimates & forecast, 2018 – 2032
7.3.2 Market estimates & forecast, by application, 2018 – 2032
7.3.3 Market estimates & forecast, by sector, 2018 – 2032
7.3.4 Market estimates & forecast, by end-user, 2018 – 2032
7.3.5 Germany
7.3.5.1 Market estimates & forecast, 2018 – 2032
7.3.5.2 Market estimates & forecast, by application, 2018 – 2032
7.3.5.3 Market estimates & forecast, by sector,, 2018 – 2032
7.3.5.4 Market estimates & forecast, by end-user, 2018 – 2032
7.3.6 UK
7.3.6.1 Market estimates & forecast, 2018 – 2032
7.3.6.2 Market estimates & forecast, by application, 2018 – 2032
7.3.6.3 Market estimates & forecast, by sector,, 2018 – 2032
7.3.6.4 Market estimates & forecast, by end-user, 2018 – 2032
7.3.7 France
7.3.7.1 Market estimates & forecast, 2018 – 2032
7.3.7.2 Market estimates & forecast, by application, 2018 – 2032
7.3.7.3 Market estimates & forecast, by sector,, 2018 – 2032
7.3.7.4 Market estimates & forecast, by end-user, 2018 – 2032
7.3.7 Spain
7.3.8.1 Market estimates & forecast, 2018 – 2032
7.3.8.2 Market estimates & forecast, by application, 2018 – 2032
7.3.8.3 Market estimates & forecast, by sector,, 2018 – 2032
7.3.8.4 Market estimates & forecast, by end-user, 2018 – 2032
7.3.9 Italy
7.3.9.1 Market estimates & forecast, 2018 – 2032
7.3.9.2 Market estimates & forecast, by application, 2018 – 2032
7.3.9.3 Market estimates & forecast, by sector,, 2018 – 2032
7.3.9.4 Market estimates & forecast, by end-user, 2018 – 2032
7.3.10 Russia
7.3.10.1 Market estimates & forecast, 2018 – 2032
7.3.10.2 Market estimates & forecast, by application, 2018 – 2032
7.3.10.3 Market estimates & forecast, by sector,, 2018 – 2032
7.3.10.4 Market estimates & forecast, by end-user, 2018 – 2032
7.4 Asia Pacific
7.4.1 Market estimates & forecast, 2018 – 2032
7.4.2 Market estimates & forecast, by application, 2018 – 2032
7.4.3 Market estimates & forecast, by sector, 2018 – 2032
7.4.4 Market estimates & forecast, by end-user, 2018 – 2032
7.4.5 Germany
7.4.5.1 Market estimates & forecast, 2018 – 2032
7.4.5.2 Market estimates & forecast, by application, 2018 – 2032
7.4.5.3 Market estimates & forecast, by sector,, 2018 – 2032
7.4.5.4 Market estimates & forecast, by end-user, 2018 – 2032
7.4.6 India
7.4.6.1 Market estimates & forecast, 2018 – 2032
7.4.6.2 Market estimates & forecast, by application, 2018 – 2032
7.4.6.3 Market estimates & forecast, by sector,, 2018 – 2032
7.4.6.4 Market estimates & forecast, by end-user, 2018 – 2032
7.4.7 Japan
7.4.7.1 Market estimates & forecast, 2018 – 2032
7.4.7.2 Market estimates & forecast, by application, 2018 – 2032
7.4.7.3 Market estimates & forecast, by sector,, 2018 – 2032
7.4.7.4 Market estimates & forecast, by end-user, 2018 – 2032
7.4.7 Thailand
7.4.8.1 Market estimates & forecast, 2018 – 2032
7.4.8.2 Market estimates & forecast, by application, 2018 – 2032
7.4.8.4 Market estimates & forecast, by sector,, 2018 – 2032
7.4.8.4 Market estimates & forecast, by end-user, 2018 – 2032
7.4.9 Australia
7.4.9.1 Market estimates & forecast, 2018 – 2032
7.4.9.2 Market estimates & forecast, by application, 2018 – 2032
7.4.9.3 Market estimates & forecast, by sector,, 2018 – 2032
7.4.9.4 Market estimates & forecast, by end-user, 2018 – 2032
7.4.10 Indonesia
7.4.10.1 Market estimates & forecast, 2018 – 2032
7.4.10.2 Market estimates & forecast, by application, 2018 – 2032
7.4.10.3 Market estimates & forecast, by sector,, 2018 – 2032
7.4.10.4 Market estimates & forecast, by end-user, 2018 – 2032
7.4.11 Malaysia
7.4.11.1 Market estimates & forecast, 2018 – 2032
7.4.11.2 Market estimates & forecast, by application, 2018 – 2032
7.4.11.3 Market estimates & forecast, by sector,, 2018 – 2032
7.4.11.4 Market estimates & forecast, by end-user, 2018 – 2032
7.5 Latin America
7.5.1 Market estimates & forecast, 2018 – 2032
7.5.2 Market estimates & forecast, by application, 2018 – 2032
7.5.3 Market estimates & forecast, by sector, 2018 – 2032
7.5.4 Market estimates & forecast, by end-user, 2018 – 2032
7.5.5 Brazil
7.5.5.1 Market estimates & forecast, 2018 – 2032
7.5.5.2 Market estimates & forecast, by application, 2018 – 2032
7.5.5.3 Market estimates & forecast, by sector,, 2018 – 2032
7.5.5.4 Market estimates & forecast, by end-user, 2018 – 2032
7.5.6 Mexico
7.5.6.1 Market estimates & forecast, 2018 – 2032
7.5.6.2 Market estimates & forecast, by application, 2018 – 2032
7.5.6.3 Market estimates & forecast, by sector,, 2018 – 2032
7.5.6.4 Market estimates & forecast, by end-user, 2018 – 2032
7.6 Middle East & Africa
7.6.1 Market estimates & forecast, 2018 – 2032
7.6.2 Market estimates & forecast, by application, 2018 – 2032
7.6.3 Market estimates & forecast, by sector, 2018 – 2032
7.6.4 Market estimates & forecast, by end-user, 2018 – 2032
7.6.5 South Africa
7.6.5.1 Market estimates & forecast, 2018 – 2032
7.6.5.2 Market estimates & forecast, by application, 2018 – 2032
7.6.5.3 Market estimates & forecast, by sector,, 2018 – 2032
7.6.5.4 Market estimates & forecast, by end-user, 2018 – 2032
7.6.6 Saudi Arabia
7.6.6.1 Market estimates & forecast, 2018 – 2032
7.6.6.2 Market estimates & forecast, by application, 2018 – 2032
7.6.6.3 Market estimates & forecast, by sector,, 2018 – 2032
7.6.6.4 Market estimates & forecast, by end-user, 2018 – 2032
7.6.7 Turkey
7.6.7.1 Market estimates & forecast, 2018 – 2032
7.6.7.2 Market estimates & forecast, by application, 2018 – 2032
7.6.7.3 Market estimates & forecast, by sector,, 2018 – 2032
7.6.7.4 Market estimates & forecast, by end-user, 2018 – 2032
7.6.8 UAE
7.6.8.1 Market estimates & forecast, 2018 – 2032
7.6.8.2 Market estimates & forecast, by application, 2018 – 2032
7.6.8.3 Market estimates & forecast, by sector,, 2018 – 2032
7.6.8.4 Market estimates & forecast, by end-user, 2018 – 2032
Chapter 8 Company Profiles
8.1 James Hardie Building Products
8.1.1 Business overview
8.1.2 Financial data
8.1.3 Product landscape
8.1.4 Strategic outlook
8.1.5 SWOT analysis
8.2 Allura USA
8.2.1 Business overview
8.2.2 Financial data
8.2.3 Product landscape
8.2.4 Strategic outlook
8.2.5 SWOT analysis
8.3 CertainTeed (Saint Gobain)
8.3.1 Business overview
8.3.2 Financial data
8.3.3 Product landscape
8.3.4 Strategic outlook
8.3.5 SWOT analysis
8.4 Nichiha USA, Inc.
8.4.1 Business overview
8.4.2 Financial data
8.4.3 Product landscape
8.4.4 Strategic outlook
8.4.5 SWOT analysis
8.5 GAF Materials
8.5.1 Business overview
8.5.2 Financial data
8.5.3 Product landscape
8.5.4 Strategic outlook
8.5.5 SWOT analysis
8.6 Cemplank
8.6.1 Business overview
8.6.2 Financial data
8.6.3 Product landscape
8.6.4 Strategic outlook
8.6.5 SWOT analysis
8.7 Cembrit Group A/S
8.7.1 Business overview
8.7.2 Financial data
8.7.3 Product landscape
8.7.4 Strategic outlook
8.7.5 SWOT analysis
8.8 SHERA
8.8.1 Business overview
8.8.2 Financial data
8.8.3 Product landscape
8.8.4 Strategic outlook
8.8.5 SWOT analysis
8.9 Wehrhahn GmbH
8.9.1 Business overview
8.9.2 Financial data
8.9.3 Product landscape
8.9.4 Strategic outlook
8.9.5 SWOT analysis
8.10 LATONIT.
8.10.1 Business overview
8.10.2 Financial data
8.10.3 Product landscape
8.10.4 Strategic outlook
8.10.5 SWOT analysis
8.11 SCG International Corporation Co.,Ltd.
8.11.1 Business overview
8.11.2 Financial data
8.11.3 Product landscape
8.11.4 Strategic outlook
8.11.5 SWOT analysis
8.12 Etex Group
8.12.1 Business overview
8.12.2 Financial data
8.12.3 Product landscape
8.12.4 Strategic outlook
8.12.5 SWOT analysis
8.13 TPI Polene Plc.
8.13.1 Business overview
8.13.2 Financial data
8.12.3 Product landscape
8.13.4 Strategic outlook
8.13.5 SWOT analysis
8.14 TAIGA BUILDING PRODUCTS.
8.14.1 Business overview
8.14.2 Financial data
8.14.3 Product landscape
8.14.4 Strategic outlook
8.14.5 SWOT analysis
8.15 Swisspearl
8.15.1 Business overview
8.15.2 Financial data
8.15.3 Product landscape
8.15.4 Strategic outlook
8.15.5 SWOT analysis
8.16 TD LTM LLC
8.16.1 Business overview
8.16.2 Financial data
8.16.3 Product landscape
8.16.4 Strategic outlook
8.16.5 SWOT analysis