Fibre cement market
The growth in the fibre cement market is a result of a boom in the construction industry, a ban on asbestos cement products, the high efficiency of fibre cement products, and rapid urbanisation and industrialisation in developing countries. In addition, the increase in infrastructure investments has created an opportunity for the global market. However, a dearth of skilled labour in developing countries is expected to hamper the fibre cement market growth.
Fibre cement products have gained popularity in North America and the Asia-Pacific region in recent years. Homeowners can prefer fibre cement siding compared to vinyl siding because of its durability, resistance to termites and water, fire retardant properties, and low maintenance.
This growing interest of consumers in fibre cement boards, sheets, slates, and other products, has created lucrative opportunities for manufacturers to offer a broad array of products.
The global fibre cement market generated revenue of $12,336 million in 2014, and is expected to reach $18,888 million by 2022, registering a CAGR of 5.8% from 2016 to 2022.
The key players in the market include; Etex Group NV, James Hardie Industries PLC, Evonik Industries AG, Compagnie De Saint Gobain SA, Toray Industries Inc., CSR Limited, The Siam Cement Public Company Limited, Nichiha Corporation, Plycem Corporation, and Cembrit Holding A/S.
The other companies operating in the fiber cement industry include Elementia, S.A.B de C.V., Marley Eternit Ltd., Thai Olympic Fibre-cement Co., Ltd., Mahaphant Fibre Cement Co., Ltd., Everest Industries Ltd., Swisspearl, Equitone, Allura USA, Beijing Hocreboard Building Materials Co., Ltd., and Fry Reglet.
Fibre cement market key segmentation by raw material:
- Portland cement.
- Silica.
- Cellulosic fibre.
- Others.
Fibre cement market key segmentation by application:
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Quality Planning for Micro and Small to Medium Sized Enterprises
A CIOB Academy Technical Information sheet.
A briefing on fall protection systems for designers
A legal requirement and an ethical must.
CIOB Ireland launches manifesto for 2024 General Election
A vision for a sustainable, high-quality built environment that benefits all members of society.
Local leaders gain new powers to support local high streets
High Street Rental Auctions to be introduced from December.
Infrastructure sector posts second gain for October
With a boost for housebuilder and commercial developer contract awards.
Sustainable construction design teams survey
Shaping the Future of Sustainable Design: Your Voice Matters.
COP29; impacts of construction and updates
Amid criticism, open letters and calls for reform.
The properties of conservation rooflights
Things to consider when choosing the right product.
Adapting to meet changing needs.
London Build: A festival of construction
Co-located with the London Build Fire & Security Expo.
Tasked with locating groups of 10,000 homes with opportunity.
Delivering radical reform in the UK energy market
What are the benefits, barriers and underlying principles.
Information Management Initiative IMI
Building sector-transforming capabilities in emerging technologies.
Recent study of UK households reveals chilling home truths
Poor insulation, EPC knowledge and lack of understanding as to what retrofit might offer.
Embodied Carbon in the Built Environment
Overview, regulations, detail calculations and much more.
Why the construction sector must embrace workplace mental health support
Let’s talk; more importantly now, than ever.
Ensuring the trustworthiness of AI systems
A key growth area, including impacts for construction.