Fiber Cement Market Report provides additional information like Sales Channel, Distributors, Traders and Dealers, Sales Channel, Direct Marketing, Indirect Marketing, Marketing Channel Future Trend, Distributors, Traders and Dealers, Research Findings and Conclusion
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Global Fiber Cement Market Estimated to Grow Exponentially at a Significantly High CAGR over the Forecast Period
Market Overview:
Fiber cement is a low-cost composite building material that is used in construction, primarily made of Portland cement, cellulosic material, fine silica (sand), and other additives. It is also known as reinforced fiber cement and provides resistance to fungi, mold, and bacteria, hence, increasing its durability and demand. in addition, the material is inert and, thus, is environmentally friendly.
Fiber cement products include panels, boards, and siding and are widely used in the construction of residential, commercial buildings and warehouses, among others, owing to their impact, water, and fire resistant properties. Fiber cement panel is used for partition walls, exterior wall cladding, ceilings, and decorative applications. Fiber cement boards are used in corridors, tunnels, shopping malls, hotel lobbies, and residential buildings, while fiber cement decorative cladding is commonly used for rainscreen applications.
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Key Players:
Some of the key market players in the global fiber cement market are Alpha Roofing Industries, LLC (US), GAF (US), Allura (US), American Fiber Cement Corporation (US), Cembrit Holding A/S (Denmark), James Hardie Industries PLC (Ireland), Etex Group NV (Belgium), CSR Limited (Australia), Toray Industries Inc. (Japan), Nichiha (Japan), and Shandong Cement (China)
According to a report published by Market Research Future (MRFR), the rising demand for fiber cement in the building and construction industry is likely to drive the market growth over the forecast period. The rising disposable income along with the growing standard of living of consumers is anticipated to be the key factors influencing the growth of the construction industry, which will consequently contribute to the demand for fiber cement during the forecast period.
Competitive Analysis:
The key market players in the global fiber cement market are implementing various tactics such as product launches, acquisitions, and expansions to enhance their market shares.
In April 2018, James Hardie Industries PLC announced its acquisition of the German XI (DL) Holdings GmbH and its subsidiaries from Xella International SA, aiming towards speeding up the growth rate of the company’s fiber cement business in European countries.
Segments:
The global fiber cement market is segmented on the basis of material, application, product, end user, and region.
Based on material, the global market for fiber cement is segregated into the sand, cellulosic material, Portland cement, and others.
based on application, the global fiber cement market has been divided into flooring, cladding, inner lining, partition walls, fire, and acoustic walls, molding & trim, ceilings, and others.
On the basis of product, the global fiber cement market has been categorized into boards, panels, siding, and others.
the end user segment of the global fiber cement market is bifurcated into residential and non-residential
Based on the region, the global fiber cement market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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Regional Analysis:
Asia-Pacific has been accounted as the largest share of the global fiber cement market and is anticipated to dominate the market share during the forecast period, owing to the rapid urbanization and growing residential construction in the region. The major developing countries contributing to the growth of the fiber cement market in Asia-Pacific are China, Japan, Indonesia, India, and Australia.
North America and the Middle East & African region are the other considerable markets for fiber cement. rising residential construction in Canada and the US is likely to fuel product demand in the coming years. Due to essential investments in the construction industry for residential and commercial buildings, the fiber cement market in the UAE is anticipated to grow at a significantly higher rate.
LIST OF TABLES
Table 1 Global Fiber Cement Market, By Region, 2016–2023
Table 2 North America: Fiber Cement Market, By Country, 2016–2023
Table 3 Europe: Fiber Cement Market, By Country, 2016–2023
Table 4 Asia-Pacific: Fiber Cement Market, By Country, 2016–2023
Table 5 Middle East & Africa: Fiber Cement Market, By Country, 2016–2023
Continued…
LIST OF FIGURES
FIGURE 1 Fiber Cement Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Fiber Cement Market
FIGURE 4 Value Chain/Supply Chain Of Fiber Cement Market
FIGURE 5 Share Of Fiber Cement Market, By Country, 2017 (%)
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Source: MarketersMedia
Release ID: 88892017
