Fiber Cement Market Generated Revenue of $14.24 Billion in 2017 and is Projected to Grow at a CAGR of 4.86% During the Forecast Period to Reach $18.9 Billion by 2023

In the Report “Fiber Cement Market: By Type (Polypropylene, PVA, Glass Roving’s, Mineral Fiber, Carbon, Kevlar, Steel, Asbestos, Lignocellulose, Others); By Production Process (Hatschek, Extrusion, Perlite, Others); By Product Type (Flat Sheets, Corrugated Sheets, Laminated Skirts, Shingle Slates, Planks, Others); By Application (Agriculture, Industrial, Residential, Non-Residential, Commercial, Others); and By Geography - Forecast (2017-2022)” published by IndustryARC, the market will be driven by accelerating construction expenditures, specifically in new home siding, and commercial areas where fiber cement is a popular material.

America with major share in the Fiber Cement Market

Fiber cement composites have gained increasing concentration in American markets over the past few years. American market’s progress in the housing and construction market has been steady. Fiber cement is widely accepted in the applications that were traditionally supplied by wood and other materials. Higher growth in urban housing sector in the world, especially in developing economies such as China and India, due to the exponentially growing population, has led to a strong demand for construction chemicals and products as fiber cement. The APAC region is the major shareholder, with respect to adoption. The continent has more than 35% share in the global fiber cement market, due to the presence of numerous raw material suppliers and an ever growing construction sector.

Selected Type Analysis done in the full Report:

Application of fiber cements in internal application involves partition walls, window sills, ceilings and floors. Residential application segment market value was $1.26 billion in 2017 and is anticipated to reach $1.75 billion by 2023 growing at a CAGR of 5.75% between 2018 and 2023. The market for fiber cement, based on its application, whether it is facades, panels, interior cement wall finishes or decoration, is segmented as Polypropylene, PVA, Glass Roving’s Mineral Fiber, Carbon and many more. Polypropylene fiber type is the major shareholder with more than 30% share in the global fiber cement market and estimated to grow at a CAGR of 5.36% for the forecast of 2018-2023. The main attraction and advantage of using fiber cement are its excellent performance in severe weather conditions, inflammable nature, frost resistance, biological resistance and favorable vapor permeability. The excellent performance in severe conditions has paved the way for extended future use.

• Fiber cement composites sidings are much lighter than aluminum and wood. These can easily be transported from the factory to the consumer. The light weight character helps in cost savings by reducing the use of fuel for transportation.

• Industries are focusing on new construction projects. This ultimately bids into an opportunity for increase in production of chemicals and products in developed regions such as North America and Europe, occupy 30% of combined share in it. Asia-Pacific is leading the adoption for construction and reconstruction of infrastructure which will lead to a demand in production and sale.

• There is an increasing demand for ecofriendly products in construction. Major companies are coming up with the environmentally friendly products which involve the use of fibers like sisal, jute fibers and other fibers which can replace the use of asbestos.

The dominating key players holding the latest development in the application market are as follows: Redco NV, James Hardie Industries Ltd., Eternit AG, Ma Yihe, Domtar Paper Company LLC, hefei Ruhie Decotration Engineering Co. Ltd., and others. The key players have some significant patents relating to fiber cement. Redco NV and James Hardie Technology Ltd. together published the maximum number of patents. Some of it includes HardiesPlank concrete Lap Siding, HardieBacker cement Board, ¼ IN. Cement Board. Saint Gobain S.A. applications for ceilings and dry wall, named as Gyproc fibre Cement Board and Aquaroc, are for internal use and for exterior fiber cement board applications.

1. Fiber Cement Market By Fiber Type

1. Polypropylene
2. PVA
3. Glass Roving’s
4. Mineral Fiber
5. Carbon
6. Kevlar
7. Steel
8. Asbestos
9. Lignocellulose
10. Others

2. Fiber Cement Market By Production Process

1. Hatschek Process
2. Extrusion Process
3. Perlite Process
4. Others

3. Fiber Cement Market- By Product Types

1. Flat Sheets
2. Corrugated Sheets
3. Laminated Skirts
4. Shingle Slates
5. Planks
6. Others

4. Fiber Cement Market By Application

1. Agriculture
2. Industrial
3. Residential
4. Non-Residential
5. Commercial
6. Others

5. Fiber Cement Market by Geography (covers 10+ countries)
6. Fiber Cement Market Entropy

1. VISAKA INDUSTRIES
2. HEKIM CONSTRUCTION INC. (1/2)
3. NICHIHA Co.,Ltd
4. HIL
5. Saint Gobain S.A
6. CEMBRIT HOLDING A/S
7. ELEMENTIA, S.A.B. DE C.V.
8. Everest Industries Limited..
9. MAHAPHANT FIBER CEMENT PUBLIC COMPANY LIMITED
10. Company 10+

1. High Strength Steel Market

2. Structural Adhesives Market