The Fiber Cement Board Market will register a 5.6% CAGR, in terms of revenue from US$ 6959.1 million to reach US$ 8552.2 million by 2026.
Fiber Cement Board is a building material used to cover the exterior of a building in both commercial and domestic applications. We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents fluctuation according to the economic development status and international competition. Also, there is fluctuation in gross margin.
Rising demand for environmentally friendly and sustainable construction goods, the advantages of fiber cement boards over alternatives, and increased government controls on the use of asbestos are major drivers driving market revenue growth. Fiber Cement Board (FCB) is a building material made by mixing cement with various organic or mineral fibers in specific ratios and then using it in construction. Fiber in cement provides various benefits, including crack resistance, light weight, and increased flexibility. Additionally, including the product ensures the manufacturing of high-quality, long-lasting furniture that is resistant to water, fire, and termites.
Growing awareness of sustainable development and increased construction of green buildings are also expected to promote market revenue growth. It's made from recycled materials like cellulose fibers, sand, and cement, so it's good for both people and the environment. This product is made of asbestos-free and non-toxic materials, and it may mimic the appearance of wood siding, clapboard, and shingles while also being cost effective. However, the shortage of skilled employees necessary for fiber board installation and use is projected to limit market revenue development to some extent.
15. June 2020: Cembrit introduces Patina Rough fiber cement cladding--
Cembrit, the leading fiber cement building product manufacturer, is pleased to announce the launch of Patina Rough, a new through-coloured cladding board which has a sandblasted surface which gives the board an attractive, stone-effect finish. Patina Rough complements the original Patina, with its directional grain surface, to offer architects and specifiers a desirable choice of premium cladding for a wide variety of external applications.
March 16, 2022: James Hardie Industries Plans for Future Capacity Expansion in Australia--
James Hardie Industries plc (ASX: JHX; NYSE: JHX), the world’s #1 producer and marketer of high-performance fiber cement and fiber gypsum building solutions, is pleased to announce it has entered into an agreement to purchase land in Melbourne, Victoria, Australia to enable continued capacity expansion.
The Fiber Cement Board Market is segmented based on the type, applications, companies, and regions.
By Type, Fiber Cement Board Market has been segmented into
Fiber cement boards can be classified as low density, medium density, and high density by their density range. Medium-density fiber cement occupied 46.91% global market share in 2017; Low-density board and high-density board occupied 14.68% and 38.41% market share.
By Application, Fiber Cement Board Market has been segmented into
There are more applications in commercial buildings for fiber cement boards. Commercial buildings occupied nearly 63.16% market share in 2017 and residential buildings occupied the rest 36.84%.
The report offers an in-depth assessment of the growth and other aspects of the Fiber Cement Board Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, and Latin America.
Europe has the largest fiber cement consumption in 2017 with 32.11% sales market share; Followed by Asia-Pacific and North America, which occupied 28.49% and 25.45% sales market share.
The United States leads the North American cement board market, owing to the growing construction activities in the country. The United States is the world’s biggest and most powerful economy in the world, with a per capita income of around USD 60,350. The rising residential and commercial construction segments in the country are anticipated to drive the demand for cement boards, during the forecast period. The US residential segment’s growth is slower than the non-residential segment. In the country, the rising population is anticipated to increase the demand for housing. Furthermore, about 20 million households are expected to be built over the next decade. The US commercial construction segment is anticipated to witness growth in the next few years.
In addition, the Canadian construction industry is witnessing growth in a few major cities, such as Toronto and Vancouver. In these cities, developers are recording good revenues on investment, mainly with high-density residential projects. Therefore from the above-mentioned points, the demand for cement boards is anticipated to rise during the forecast period.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 5.6% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | James Hardie, Etex, Cembrit, Mahaphant, Elementia, Everest Industries, Saint-Gobain, Hume Cemboard Industries, Visaka Industries, Soben board, SCG Building Materials, Kmew, PENNY PANEL, Nichiha, Lato JSC, FRAMECAD, LTM LLC, TEPE Betopan, HEKIM YAPI, Aterm |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 133 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of Fiber Cement Board Market?
The Fiber Cement Board Market is growing at a CAGR of 5.6% over the next 5 years.
Who are the key players in Fiber Cement Board Market?
James Hardie, Etex, Cembrit, Mahaphant, Elementia, Everest Industries, Saint-Gobain, Hume Cemboard Industries, Visaka Industries, Soben board, SCG Building Materials, Kmew, PENNY PANEL, Nichiha, Lato JSC, FRAMECAD, LTM LLC, TEPE Betopan, HEKIM YAPI, Aterm
What are the significant types of Fiber Cement Board Market?
High-Density Fiber Cement Board, Medium Density Fiber Cement Board, Low-Density Fiber Cement Board
What are the major end-use applications of Fiber Cement Board Market?
Commercial Buildings, Residential Buildings
On the basis of type, Which segment is likely to hold the major share in the Fiber Cement Board Market?
Medium Density Fiber Cement Board segment to hold the largest share in Fiber Cement Board market
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