Growing trending Activities Fuel Demand in the Fiber Cements Market Forecast 2030

Global Fiber Cements Market Overview:

According to MarkNtel Advisors study the Global Fiber Cement Market size was valued at around USD 19.1 Billion in 2023 and is projected to grow at a CAGR of around 5.6% during the forecast period, i.e., 2024-30. The market is primarily influenced by many advantageous factors, including developing countries getting more exposure to rapidly strengthening urbanization and industrialization. Other than this, the rising demand for eco-friendly material in the construction industry, the non-vulnerability and high durability of fibers, and the ban on asbestos cement products are anticipated to encourage the adoption of fiber cement for building and construction in the long run. As a result, these materials are used widely in several applications, including roofing, cladding, and building facades across both residential & non-residential sectors.

Key Findings of the Study: Fiber Cements market

Global Fiber Cement Market Driver:

Rising Prominence of Fiber Cement as an alternative to Asbestos in the Construction Industry - One of the significant key drivers responsible for the expansion of the market includes the rising prominence of fiber cement in the construction industry. Undoubtedly, the product has plenty of benefits to offer to its end users, and the market is projected to follow the footprints of success during 2024-2030. The growth can be attributed to the ban imposed on asbestos cement products. The International Ban Asbestos Secretariat (IBAS) reports that over 60 countries have enacted complete bans on Asbestos due to its well-known health and safety risks.

Since they are often used for residential construction for rooftop extensions, storage rooms, cottages, farmhouses, site offices, and so on, manufacturers have turned their focus to fiber cement as an alternative to Asbestos, citing their functional similarity. Moreover, due to its extended life, versatility, and attractiveness, paired with its remarkable resistance to fire, weather, warping, and rotting, the product has gained popularity in the construction industry. Such tremendous factors are urging the market to expand exponentially during the projected period.

Access Free Sample Report - https://www.marknteladvisors.com/query/request-sample/global-fiber-cement-market.html

Scope of the Fiber Cements Market Report Segmentation

-By Material

Cellulosic Material
Portland Cement
Sand

-By Application

Cladding
Roofing
Siding
Molding & Trimming
Backer Boards
Wall Partition
Others

-By End-Users

Residential
Non-Residential

-By Fiber Type

Polypropylene
PVA
Lignocellulose
Carbon
Others

-By Production Process

Hatschek Process
Extrusion Process
Perlite Process

For more detailed information about the Fiber Cements market report, click here – https://www.marknteladvisors.com/research-library/global-fiber-cement-market.html

Geographical analysis:

-By Region

North America
Europe
Asia-Pacific
South America
Middle East & Africa

Geographically, of all regions, Asia-Pacific holds the largest share of the Fiber Cement Market, mainly because it is the fastest-growing economy worldwide, creating the massive potential for infrastructural developments. Moreover, the booming construction industry in India & China, substantial investments in infrastructural developments, and mounting awareness regarding the harmful impact of using asbestos are other crucial factors driving the demand for these products in Asia-Pacific.

Global Fiber Cement Industry Recent Developments:

In March 2022, James Hardie Industries took a step further for its planned fiber cement capacity expansion by purchasing land in Melbourne, Victoria. The company plans to add a fiber cement manufacturing site in the State of Victoria to support the strong demand for high-value building solutions in the Asia Pacific region.
In January 2022, Swisspearl Group AG successfully positioned itself as Europe's second-largest fiber cement manufacturer after purchasing its biggest rival, Denmark's fiber cement major, Cembrit. With this purchase, Swisspearl Group could strengthen its global reach and find new target markets.

Current Landscape of Fiber Cements Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Fiber Cements market. The research report profiles major players, including

Customization of Reports Available - https://www.marknteladvisors.com/query/request-customization/global-fiber-cement-market.html

James Hardie Industries PLC (Ireland)
Allura (US)
Cembrit Holding A/S (Denmark)
Etex Group NV (Belgium)
American Fiber Cement Corporation (US)
Toray Industries Inc. (Japan)
Nichiha (Japan)
Cembrit Holding A/S (Denmark)
CSR Limited (Australia)
Elementia

Related Reports

Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

For Media Inquiries, Please Contact:

Call: +1 628 895 8081 | +91 120 4278433

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India