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Quince Market Insights
Fiber Cement Market Overview
The latest study released on the Fiber Cement Market by Quince Market Insights to (QMI) evaluates market size, trend, and forecast to 2032. The Fiber Cement -market study covers significant research data and partitions, roofing, ceilings and more in residential and commercial buildings. Fiber Cement has a host of superior properties such as high strength and durability and resistance to the growth of fungi, mould and bacteria.
Fiber Cement is a safer and more efficient alternative to other kinds of materials. Fire-resistant nature of Fiber Cement is also an important factor for its market growth because consumers are increasingly concerned about fire damage, and the demand for fire resistant buildings is high. Other factors such as rapid urbanisation and industrialisation leading to a stronger construction industry, particularly in developing countries, increasing investments in the construction industry and rapid growth in residential construction activities also boost the Fiber Cement market.
Lack of skilled workforce to manufacture Fiber Cement hampers the growth of this market. High manufacturing costs of Fiber Cement and the need to spend more on its maintenance than conventional cement are other growth restraining factors for this market.
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Fiber Cement Market Key Players:
Etex Group NV, James Hardie Industries PLC, Evonik Industries AG, Compagnie De Saint Gobain SA, Toray Industries Inc., CSR Limited, Nichiha Corporation, Plycem Corporation, The Siam Cement Public Company Limited, and Cembrit Holding A/S…
Market Dynamics
Easy installation and efficiency in residential and non-residential construction of the Fiber Cement board market are accelerating market development. Compared to the alternatives and development of the global construction industry, its exceptional characteristics are also anticipated to augment the market for Fiber Cement board. Nevertheless, due to their narrowness, the application of the Fiber Cement board is limited. It isn’t easy to make Fiber Cement boards thick as it increases their brittleness.
Fiber Cement Market Segmentation
On the basis of material, the global Fiber Cement market is divided into Portland cement, sand, cellulosic materials, silica and others. The Fiber Cement segment accounts for the largest market share and is projected to grow fastest in the forecast period. The reasons are widespread use of Portland cement for construction, easy availability and reasonable prices.
The global Fiber Cement market is divided into polypropylene, PVA, lignocellulose, carbon fiber, and others based on fibre type. Polypropylene segment holds the largest market share. Reasons for the dominance of polypropylene are high structural strength, high-temperature resistance and affordable price. Segmentation By Raw Material (Portland Cement, Silica, Cellulosic Fiber, Others), By End Use Industry (Residential Sector, Non-residential Sector), By Application (Siding, Roofing, Molding & Trimming, Others)
Fiber Cement Regional Overview
The global Fiber Cement market is divided into North America, Europe, Asia Pacific, South America and the Middle East and Africa. Asia Pacific region holds the largest market share and is estimated to remain the biggest market in the forecast period. The construction industry’s rapid growth, especially in India, China and Japan, the influx of high foreign direct investments in the construction industry, large manufacturing base of Fiber Cement , and favourable government policies for the construction sector are the main reasons. North America (United States, Canada and Mexico), Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia), South America (Brazil, Argentina), Europe (Germany, France, United Kingdom, Russia and Italy), Middle East & Africa (UAE, Egypt, Saudi Arabia, and South Africa)
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Key Highlights of the Report
Fiber Cement Market achieved a value of USD Bn by 2032 with a more than CAGR.
North America region accounted for a significant market share, whereas Asia-Pacific region is anticipated to register a considerable CAGR
Fiber Cement Market is driven by factors such as product/service innovation, key players mergers and acquisitions, and favorable regulatory support
Insights on Fiber Cement Market such as Value of Analysis, Porter’s Five Forces Analysis, Regulatory Compliance Details, and Manufacturing Footprint Analysis.
Industry Update:
James Hardie Building Products Inc. launched its fiber cement in 700 ColourPlus technology finishes
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This release was published on openPR.
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