The fiber cement market is projected to increase from USD 18,601.57 million in 2022 to USD 28,015.16 million by 2032, at a CAGR of 4.18% over the forecast period 2023-2032.
A composite material made of cellulose, sand, water, and cement. It is a mixture of fine silica sand, Portland cement and other inert mineral filler (such as fine fly ash) with cellulose fibres (organic binder). Fibrous materials make the final product less breakable and easy to work with compared to Portland pure cement plaster. Fiber cement products are produced in various sizes and shapes for exterior and interior uses. Portland cement is a significant ingredient for making fiber cement panels, siding, boards, shingles, and many other building products.
The rising need to reduce the overall carbon footprint of the construction industry is anticipated to drive product usage. Moreover, factors such as the booming construction sector, excellent efficiency of fiber cement products, rapid industrialization and urbanization in developing countries, and prohibition of asbestos cement products are fueling the market's rise. Moreover, rising investments in the construction industry provide opportunities for market players. However, the need for more qualified and trained labour in developing countries is hampering the growth of the global fiber cement market.
This report provides a complete analysis of raw material, construction type, end user and region. The raw material segment is classified into the cellulosic fiber, portland cement, silica and others. The Portland cement segment held the largest market share in 2022. Portland cement is the most extensively used type of cement used in producing mortar and concrete. The primary chemical constituents of Portland cement are alumina, silica, iron, and calcium. It is an affordable and readily available material, which makes it one of the most used building materials worldwide. The construction type segment is divided into molding & trim, roofing, siding and others. The siding segment dominated the market in 2022. Siding is one of the primary uses of fiber cement. Sidings are generally used in residential and non-residential buildings. In siding, fiber cement is used on exterior walls to protect them from harsh weather. Siding can also enhance the building's aesthetics. Fiber cement siding is reasonable and best suited for areas with harsh weather conditions. The end user segment includes residential and non-residential. The non-residential segment held the highest market share in 2022 due to the growing installation of fiber cement products in commercial, infrastructure, and other projects. The non-residential section includes commercial, agricultural and industrial buildings made of fiber cement. Fiber cement is commonly used in industrial buildings such as mills, warehouses and factories due to the implementation of legislation by various governments to ban the use of asbestos.
The Asia Pacific region dominated the fiber cement market in 2022 and is anticipated to hold its supremacy over the forecast period. The growing population and increasing per capita income have fueled the real estate sector in the region. Additionally, the widespread adoption of fiber cement products in the region is expected to continue to drive the growth of the fiber cement market.
Key market players in the fiber cement market are Allura USA, Beijing Hocreboard Building Materials Co., Ltd., Cembrit, Equitone, Everest Industries Ltd., Elementia, S.A.B de C.V., Etex, Evonik, Fry Reglet, James Hardie, Mahaphant Fibre Cement Co., Ltd., Marley Eternit Ltd., Nichiha, Plycem USA, Swisspearl, Saint Gobain, Thai Olympic Fibre-cement Co., Ltd. and Toray among others.
Fiber Cement Market Analysis and Forecast, Raw Material
Fiber Cement Market Analysis and Forecast, Construction Type
Fiber Cement Market Analysis and Forecast, End User
Fiber Cement Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Raw Material
4.3.2. Market Attractiveness Analysis by Construction Type
4.3.3. Market Attractiveness Analysis by End User
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing demand for fiber cement products from the construction sector across the globe
5.2.2. Alternative for asbestos and eco-friendly in nature
5.3. Restraints
5.3.1. Lack of skilled labour
5.3.2. The problem in installation of the fiber cement
5.4. Opportunities
5.4.1. Commercial buildings with fiber cement exteriors
5.5. Challenges
5.5.1. Moisture Problems with Fiber Cement Siding
6. Global Fiber Cement Market Analysis and Forecast, By Raw Material
6.1. Segment Overview
6.2. Cellulosic Fiber
6.3. Portland Cement
6.4. Silica
6.5. Others
7. Global Fiber Cement Market Analysis and Forecast, By Construction Type
7.1. Segment Overview
7.2. Molding & Trim
7.3. Roofing
7.4. Siding
7.5. Others
8. Global Fiber Cement Market Analysis and Forecast, By End User
8.1. Segment Overview
8.2. Residential
8.3. Non-Residential
9. Global Fiber Cement Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Fiber Cement Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Fiber Cement Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Allura USA
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Beijing Hocreboard Building Materials Co., Ltd.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Cembrit
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Equitone
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Everest Industries Ltd.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Elementia, S.A.B de C.V.
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Etex
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Evonik
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Fry Reglet
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. James Hardie
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Mahaphant Fibre Cement Co., Ltd.
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Marley Eternit Ltd.
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. Nichiha
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Plycem USA
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. Swisspearl
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Product Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
11.16. Saint Gobain
11.16.1. Business Overview
11.16.2. Company Snapshot
11.16.3. Company Market Share Analysis
11.16.4. Company Product Portfolio
11.16.5. Recent Developments
11.16.6. SWOT Analysis
11.17. Thai Olympic Fibre-cement Co., Ltd.
11.17.1. Business Overview
11.17.2. Company Snapshot
11.17.3. Company Market Share Analysis
11.17.4. Company Product Portfolio
11.17.5. Recent Developments
11.17.6. SWOT Analysis
11.18. Toray
11.18.1. Business Overview
11.18.2. Company Snapshot
11.18.3. Company Market Share Analysis
11.18.4. Company Product Portfolio
11.18.5. Recent Developments
11.18.6. SWOT Analysis
List of Table
1. Global Fiber Cement Market, By Raw Material, 2019-2032 (USD Million) (K Tons)
2. Global Cellulosic Fiber, Fiber Cement Market, By Region, 2019-2032 (USD Million) (K Tons)
3. Global Portland Cement, Fiber Cement Market, By Region, 2019-2032 (USD Million) (K Tons)
4. Global Silica, Fiber Cement Market, By Region, 2019-2032 (USD Million) (K Tons)
5. Global Others Fiber Cement Market, By Region, 2019-2032 (USD Million) (K Tons)
6. Global Fiber Cement Market, By Construction Type, 2019-2032 (USD Million) (K Tons)
7. Global Molding & Trim Fiber Cement Market, By Region, 2019-2032 (USD Million) (K Tons)
8. Global Roofing Fiber Cement Market, By Region, 2019-2032 (USD Million) (K Tons)
9. Global Siding Diagnostics Fiber Cement Market, By Region, 2019-2032 (USD Million) (K Tons)
10. Global Others Fiber Cement Market, By Region, 2019-2032 (USD Million) (K Tons)
11. Global Fiber Cement Market, By End User, 2019-2032 (USD Million) (K Tons)
12. Global Residential Fiber Cement Market, By Region, 2019-2032 (USD Million) (K Tons)
13. Global Non-Residential Fiber Cement Market, By Region, 2019-2032 (USD Million) (K Tons)
14. Global Fiber Cement Market, By Region, 2019-2032 (USD Million) (K Tons)
15. North America Fiber Cement Market, By Raw Material, 2019-2032 (USD Million) (K Tons)
16. North America Fiber Cement Market, By Construction Type, 2019-2032 (USD Million) (K Tons)
17. North America Fiber Cement Market, By End User, 2019-2032 (USD Million) (K Tons)
18. U.S. Fiber Cement Market, By Raw Material, 2019-2032 (USD Million) (K Tons)
19. U.S. Fiber Cement Market, By Construction Type, 2019-2032 (USD Million) (K Tons)
20. U.S. Fiber Cement Market, By End User, 2019-2032 (USD Million) (K Tons)
21. Canada Fiber Cement Market, By Raw Material, 2019-2032 (USD Million) (K Tons)
22. Canada Fiber Cement Market, By Construction Type, 2019-2032 (USD Million) (K Tons)
23. Canada Fiber Cement Market, By End User, 2019-2032 (USD Million) (K Tons)
24. Mexico Fiber Cement Market, By Raw Material, 2019-2032 (USD Million) (K Tons)
25. Mexico Fiber Cement Market, By Construction Type, 2019-2032 (USD Million) (K Tons)
26. Mexico Fiber Cement Market, By End User, 2019-2032 (USD Million) (K Tons)
27. Europe Fiber Cement Market, By Raw Material, 2019-2032 (USD Million) (K Tons)
28. Europe Fiber Cement Market, By Construction Type, 2019-2032 (USD Million) (K Tons)
29. Europe Fiber Cement Market, By End User, 2019-2032 (USD Million) (K Tons)
30. Germany Fiber Cement Market, By Raw Material, 2019-2032 (USD Million) (K Tons)
31. Germany Fiber Cement Market, By Construction Type, 2019-2032 (USD Million) (K Tons)
32. Germany Fiber Cement Market, By End User, 2019-2032 (USD Million) (K Tons)
33. France Fiber Cement Market, By Raw Material, 2019-2032 (USD Million) (K Tons)
34. France Fiber Cement Market, By Construction Type, 2019-2032 (USD Million) (K Tons)
35. France Fiber Cement Market, By End User, 2019-2032 (USD Million) (K Tons)
36. U.K. Fiber Cement Market, By Raw Material, 2019-2032 (USD Million) (K Tons)
37. U.K. Fiber Cement Market, By Construction Type, 2019-2032 (USD Million) (K Tons)
38. U.K. Fiber Cement Market, By End User, 2019-2032 (USD Million) (K Tons)
39. Italy Fiber Cement Market, By Raw Material, 2019-2032 (USD Million) (K Tons)
40. Italy Fiber Cement Market, By Construction Type, 2019-2032 (USD Million) (K Tons)
41. Italy Fiber Cement Market, By End User, 2019-2032 (USD Million) (K Tons)
42. Spain Fiber Cement Market, By Raw Material, 2019-2032 (USD Million) (K Tons)
43. Spain Fiber Cement Market, By Construction Type, 2019-2032 (USD Million) (K Tons)
44. Spain Fiber Cement Market, By End User, 2019-2032 (USD Million) (K Tons)
45. Asia Pacific Fiber Cement Market, By Raw Material, 2019-2032 (USD Million) (K Tons)
46. Asia Pacific Fiber Cement Market, By Construction Type, 2019-2032 (USD Million) (K Tons)
47. Asia Pacific Fiber Cement Market, By End User, 2019-2032 (USD Million) (K Tons)
48. Japan Fiber Cement Market, By Raw Material, 2019-2032 (USD Million) (K Tons)
49. Japan Fiber Cement Market, By Construction Type, 2019-2032 (USD Million) (K Tons)
50. Japan Fiber Cement Market, By End User, 2019-2032 (USD Million) (K Tons)
51. China Fiber Cement Market, By Raw Material, 2019-2032 (USD Million) (K Tons)
52. China Fiber Cement Market, By Construction Type, 2019-2032 (USD Million) (K Tons)
53. China Fiber Cement Market, By End User, 2019-2032 (USD Million) (K Tons)
54. India Fiber Cement Market, By Raw Material, 2019-2032 (USD Million) (K Tons)
55. India Fiber Cement Market, By Construction Type, 2019-2032 (USD Million) (K Tons)
56. India Fiber Cement Market, By End User, 2019-2032 (USD Million) (K Tons)
57. South America Fiber Cement Market, By Raw Material, 2019-2032 (USD Million) (K Tons)
58. South America Fiber Cement Market, By Construction Type, 2019-2032 (USD Million) (K Tons)
59. South America Fiber Cement Market, By End User, 2019-2032 (USD Million) (K Tons)
60. Brazil Fiber Cement Market, By Raw Material, 2019-2032 (USD Million) (K Tons)
61. Brazil Fiber Cement Market, By Construction Type, 2019-2032 (USD Million) (K Tons)
62. Brazil Fiber Cement Market, By End User, 2019-2032 (USD Million) (K Tons)
63. Middle East and Africa Fiber Cement Market, By Raw Material, 2019-2032 (USD Million) (K Tons)
64. Middle East and Africa Fiber Cement Market, By Construction Type, 2019-2032 (USD Million) (K Tons)
65. Middle East and Africa Fiber Cement Market, By End User, 2019-2032 (USD Million) (K Tons)
66. UAE Fiber Cement Market, By Raw Material, 2019-2032 (USD Million) (K Tons)
67. UAE Fiber Cement Market, By Construction Type, 2019-2032 (USD Million) (K Tons)
68. UAE Fiber Cement Market, By End User, 2019-2032 (USD Million) (K Tons)
69. South Africa Fiber Cement Market, By Raw Material, 2019-2032 (USD Million) (K Tons)
70. South Africa Fiber Cement Market, By Construction Type, 2019-2032 (USD Million) (K Tons)
71. South Africa Fiber Cement Market, By End User, 2019-2032 (USD Million) (K Tons)
List of Figures
1. Global Fiber Cement Market Segmentation
2. Fiber Cement Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Fiber Cement Market Attractiveness Analysis by Raw Material
9. Global Fiber Cement Market Attractiveness Analysis by Construction Type
10. Global Fiber Cement Market Attractiveness Analysis by End User
11. Global Fiber Cement Market Attractiveness Analysis by Region
12. Global Fiber Cement Market: Dynamics
13. Global Fiber Cement Market Share by Raw Material (2023 & 2032)
14. Global Fiber Cement Market Share by Construction Type (2023 & 2032)
15. Global Fiber Cement Market Share by End User (2023 & 2032)
16. Global Fiber Cement Market Share by Regions (2023 & 2032)
17. Global Fiber Cement Market Share by Company (2022)
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