The boom in the construction market drives the growth of the fiber cement market globally

WILMINGTON, Del. - Feb. 28, 2023 - PRLog -- The report, titled "Global fiber cement market Analysis and Forecast, 2019-2028" examines the global market based on raw material, construction type, end consumer, and geographic region.

A thorough report offers a detailed analysis of the market's historical and projected size along with a detailed market analysis.

Market Overview and Dynamics

The global fiber cement market is estimated to grow at a CAGR of around 5.5% between the forecast period of 2022-2028. The market for fiber cement around the globe exceeded US$ 17,500 million in 2021.

• Fiber cement is much more eco-friendly than asbestos. So, national governments have laws in place to restrict the use of asbestos and are trying to implement an end to the use of asbestos, resulting in increased usage of fiber cement as an alternative.

The construction activity in the residential sector was reduced significantly during the COVID-19 pandemic, which thus affected the cement industry.

The use of this product is anticipated to increase due to the necessity to reduce carbon emissions from the construction industries.

Segmental Analysis

• Based on the raw material, Portland cement has historically been the primary raw material that earns the most income, and this is predicted to remain the case for the duration of the study. The demand for Portland cement is exploding due to strict laws and regulations that minimize the risks associated with silica sand, and exposure to silica dust and quartz sand. This is driving the growth of this segment.

Competition Analysis

Due to the presence of many well-established companies in the global fiber cement sector, there is intense competition.

• In December 2022, Global building materials company James Hardie Industries  revealed it is slashing hundreds of jobs across the globe.

Some of the leading players involved in the production and marketing of the fiber cement market include Etex Group NV, James Hardie Industries PLC, Evonik Industries AG, Compagnie De Saint Gobain SA, Toray Industries Inc., CSR Limited, and others.

RationalStat has segmented the global fiber cement market on the basis of raw material, construction type, end use, application, sales channel, and region

• By Raw material
  • Portland Cement
  • Silica
  • Others
• By Construction Type
  • Siding
  • Roofing
  • Others
• By End Use
  • Residential
  • Non-residential
    • Commercial
    • Infrastructure
  • By Region
    • North America
      • US
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Western Europe
      • Germany
      • UK
      • Rest of western Europe
    • Eastern Europe
      • Russia
      • Poland
      • Rest of Eastern Europe
    • Asia Pacific
      • China
      • Japan
    • Middle East & Africa
      • Turkey
      • Rest of the Middle East & Africa

For more information about this report - https://store.rationalstat.com/store/global-fiber-cement-market/

About RationalStat LLC

RationalStat is an end-to-end US-based market intelligence and consulting company that provides comprehensive market research reports along with customized strategy and consulting studies.