GVR Report cover Fiber Cement Market Size, Share & Trends Report

Fiber Cement Market Size, Share & Trends Analysis Report By Material (Silica, Portland Cement, Cellulosic Fiber), By Application (Siding, Roofing, Cladding, Molding, Trimming), By End Use, By Region, And Segment Forecasts, 2023 To 2030

Cement, sand, and fibers are combined to create the sturdy and long-lasting building material known as fiber cement. It is resistant to weather, insects, fire, and rot, hence, it is frequently used as siding for buildings. The three ingredients used to make fiber cement are cement, sand, and cellulose fibers. To fortify the cement mixture and increase its strength and longevity, fibers—typically derived from wood pulp—are added. For both interior and exterior uses, fiber cement can be shaped into a wide range of forms and sizes, including planks, sheets, and shingles. Because of its toughness, resilience to insects and the elements, and low care needs, it is frequently used as siding for residential and commercial structures. A common alternative for wildfire-prone locations, fiber cement is also fire-resistant and non-combustible. In addition, it doesn't warp or shrink such as wood and is resistant to rot, mold, and mildew.

Due to its strength and fire resistance, the mineral asbestos was frequently utilized in cement and other building materials. Later research revealed that asbestos fibers can seriously harm your health and lead to asbestosis, mesothelioma, and lung cancer. As a result, the use of asbestos in construction materials, particularly asbestos cement products, has been outlawed by numerous nations. For instance, in 2011, the Supreme Court of India prohibited the use of asbestos in response to a complaint made by the Consumer Education and Research Centre against the Union of India. The court imposed the ban after recognizing asbestos' well-documented detrimental health effects. The demand for substitute materials, including fiber cement, has increased.

Urbanization has majorly helped the cement fibers market to achieve growth. As more people are moving toward urban areas, it has been seen that demand for housing, commercial buildings, and infrastructure, eventually drives the demand for construction materials, including cement fibers. For instance, in June 2015, with a goal of 20 million affordable homes, the Indian government started the "Housing for All" program. Slum dwellers are also included in the program. In addition, the Indian government has launched the Smart Cities Mission, aimed at building over 100 smart cities throughout the country to support rapid urbanization. The industrial and commercial infrastructure sectors have also become significant areas of growth. To accelerate development throughout the country, the government has introduced initiatives such as relaxed regulations to attract foreign direct investment (FDI) in the construction sector.

Asia Pacific region is expected to witness a significant growth rate, with nations such as China, India, Japan, South Korea, and Australia contributing to market growth. Building construction has expanded significantly in this region because of rising disposable income in emerging economies and population growth. Over the past few years, construction output has significantly increased in several significant countries in the region, including Thailand, the Philippines, Indonesia, Vietnam, and Australia.

Fiber Cement Market Segmentation

  • By Material

    • Silica

    • Portland Cement

    • Cellulosic Fiber

    • Others

  • By Application

    • Siding

    • Roofing

    • Cladding

    • Molding and Trimming

    • Other Applications

  • By End-use

    • Residential

    • Non-Residential

  • By Region

    • North America

      • U.S.

      • Canada

    • Europe

      • UK

      • Germany

      • France

      • Italy

      • Spain

      • Denmark

      • Norway

    • APAC   

      • Japan

      • China

      • India

      • Australia

      • South Korea

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • MEA (Middle East and Africa)  

      • South Africa

      • Saudi Arabia

      • UAE

      • Kuwait

  • Key players

    • Etex Group

    • NICHIHA Co., Ltd

    • James Hardie Building Products Inc.


    • SCG

    • Evonik Industries AG


    • CSR Limited

    • Swisspearl Group AG

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