Jan 07, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Fiber Cement Market.
It was estimated prior to this unanticipated outbreak that the Fiber Cement Market is likely to witness an impressive CAGR of 4.5% during the forecast period. The prime factors contributing to the demand for fiber cement are stringent regulations regarding use of asbestos cement, growing construction industry due to the surge in world population, and increasing purchasing power of customers.
Fiber cement is a composite material that is made up of sand, cement, and cellulose fibers. Fiber cement cladding comes in various forms but it is most commonly seen in sheet form and in horizontal boards. These cements are widely used for construction purposes.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the application type, the fiber cement market is segmented as molding & trim, siding, roofing, and others. The siding segment is expected to register the largest market share, during the forecast period, driven by its advantages such as low maintenance and ability of being impervious to degradation.
Based on the material type, the market is segmented as portland, sand, fiber, and others. The portland segment is expected to occupy the largest share of the market, during the forecast period, as it is the widely used type of cement for making concrete and mortar.
In terms of regions, Asia-Pacific is estimated to be the largest fiber cement market during the forecast period. Increasing population and improving macroeconomic factors in the emerging economies such as India, Indonesia, and other countries are generating huge demand for construction materials in the region, which in turn, is driving the growth of the region’s market.
Key Players:
Key players operating in the global Fiber Cement market are-
- 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
- Cembrit Holding A/S.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Fiber Cement analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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