According to a new market report published by Lucintel, the future of the fiber cement market looks promising with opportunities in both residential and non- residential construction. The global fiber cement market is expected to grow with a CAGR of 4% from 2020 to 2025. The major drivers for this market are increase in demand for fiber cement products for construction activities, the rise in government regulations on use of asbestos and high demand contractors for environmental friendly & sustainable construction products across the world.
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Fiber cement is a composite building and construction material, used mainly in roofing and facade products because of its strength and durability. In this market, siding, molding & trim, backer boards, flooring, roofing, and wall partitions are the major applications of fiber cement. Lucintel forecasts that siding will remain the largest segment over the forecast period as fiber-cement siding improves the aesthetic appeal of the buildings,affordability and most suitable for regions having extreme weather conditions.
Within this market, non-residential will remain the largest segment by end use over the forecast period due to its usage in industrial buildings, such as factories, mills, and warehouses, owing to the enforcement of legislation by several governments, such as the UK, the US, and Canada and banning the use of asbestos at such workplaces.
Asia-Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to improving global economy, growing construction sector, particularly in rapidly-growing countries such as China and India, huge foreign investments, and growing awareness about the hazardous-effects of using asbestos.
Toray Industries, Zykron, James Hardie Building Products, Plycem, Nichiha, and Etex Group are among the major suppliers in the global fiber cement market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global fiber cement market by material, application, end use, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Fiber Cement Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global fiber cementmarket by material, application, end use, and region as follows:
By Material [Value ($ Million) shipment analysis for 2014 – 2025]:
Portland Cement
Sand
Cellulosic Material
Others
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Siding
Molding & Trim
Backer Boards
Flooring
Roofing
Wall Partitions
By End Use [Value ($ Million) shipment analysis for 2014 – 2025]:
Residential
Non-residential
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
A 150-pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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