Owing to the benefits of Fiber cement boards are the greatest option, mimicking the look and feel of wood but removing the drawbacks. Fiber cement is extremely long-lasting and unlikely to need to be replaced. It does not absorb moisture from rain, dampness, or snow, and hence does not quickly distort or decompose. It also protects against insects and rotting caused by fiberboard cement siding. Because the siding has no overlapped seams, moisture or mildew cannot form between the exterior and inside walls. This feature reduces allergens in the home, providing additional safety for the family of the homeowner
The size of the global market for Fiber Cement Boards is expected to reach $19,273.80 million by 2030, expanding at a compound annual growth rate (CAGR) of 5.1%.
Covid-19 Impact & Market Status
COVID-19's pandemic has caused havoc on the world economy, hurting all industries, especially Fiber Cement. Covid-19 has had irreparable damage in the construction sector and this has also directly impacted the global fiber cement board space substantially. Several projects have gone incomplete due to a lack of funds. Because of shifting consumer preferences, those that were completed remained unsold, affecting the fiber cement market's growth indirectly. The impact of the COVID-19 pandemic on the Company's operations and future financial performance is yet undetermined, regardless of the fact that the virus is still unpredictable and evolving.
Corrugated sheets Type to Emerge as the Most Lucrative Segment
Corrugated sheets led the Fiber cement market with a 34 percent market share. They are a common siding and roofing material for agricultural and commercial structures due to their strength and durability. Corrugated sheets are often used in huge volumes as roofing and siding components in the residential sector. They're durable, waterproof, and won't rot or disintegrate over time. Since they are extremely durable and ecologically safe, these roofing sheets are ideal for protecting garages, porches, and sheds. Consumers are dissatisfied with current conventional methods and want more bang for their buck when it comes to corrugated sheet purchases. As a result, the Fiber cement industry's need for corrugated sheets has soared.
Siding to Ensure Revenue Maximization
With a share of 38 percent, siding was the most popular choice. Siding is a part of the construction material used to cover the exterior from both residential and commercial buildings. BAsed on research, the fiber cement replicates wood texture, with high resistance to concrete and comprises of eco-friendly materials such as wood pulp and fly ash among others. The residential restoration market will provide the most substantial gains, as homeowners gradually replace current siding with fiber cement to improve the outside performance or save time and money on upkeep.
Portland Cement to Remain Atop
Portland Cement dominates the Fiber Cement Board market, which is projected to grow at a CAGR of 4.2 percent over the projected timeframe. Fiber cement production is expected to rise over the next seven years, increasing demand. In addition, the low production cost and widespread accessibility of the materials required to create Portland cement, such as limestone, naturally occurring minerals, and shale, are anticipated to accelerate market growth.
Non-residential Market to Increase
The Fiber Cement Board Market is dominated by non-residential, which is rising at a CAGR of 6%. Advances in building and construction industry to have direct and favorable growth implications in the fiber cement board market. Individuals' increasing disposable incomes, together with higher living standards, are predicted to be the main drivers of the construction industry's growth.
Asia Pacific Region to Render Ample Investment Avenues
The Asia Pacific region leads the Fiber Cement Board Market, followed by North America and Europe. The Asia-Pacific region has some of the speediest economies in the world, and each government is seeking to generate a pipeline of infrastructure investment opportunities.
Fiber cement board is a fire-resistant material. When it comes to the various fears that homeowners have, fire is generally towards the top of the list. In one documented event, a massive fire destroyed fire engines about 100 feet away from the flames, yet the residence built with fiber cement was completely safe. Fiber cement board may be made to seem like actual wood planks or shingles.
Fiber cement Board is a part of the construction material that can be used to cover the exterior of a building for both commercial and residential situations. Fiber cement is a cellulose fiber-reinforced cement-based composite material. Once installed and painted, the exterior cladding components require very little upkeep. Impact resistance is high in the thicker/denser fiber cement materials, while impact protection is required in the thinner, less dense formulations.
In 2020, the worldwide fiber cement market was worth $16.4 billion, and by 2029, it is expected to be worth $23.6 billion. The primary drivers driving the growth of the worldwide fiber cement board market are increased urbanization and increased building expenditure, particularly in new homes.
The key players in fiber cement boards are SCG Building Materials, Kmew, Nichiha, Lato JSC, James Hardie, Etex Group, Cembrit, Mahaphant, Elementia, Everest Industries, Hong Leong Industries, HeaderBoard Building, Visaka Industries, China Conch Venture, Sanle Group
Latest Innovations in the Fiber Cement Board Market
- The new Hardie Backer Board is an improved type of fiber cement board that is manufactured with hydrodefence. Where great performance meets watertight protection is where HydroDefense Technology comes into play. It possesses unrivalled compressive and flexural strength, as well as outstanding tile adhesion. HydroDefense Technology helps in achieving zero-moisture texture. The entire board is made of waterproof material.
- The innovative Fibrocement Vidmar's machine for the production of fiber-cement layers and accessories to use an effective system of shaping a cementitious mass and lamination with very little water consumption incorporates notable creative ideas and benefits over previous methods, enabling entrepreneurs and constructors who wish to undertake a proposal to manufacture fiber cement sheets to reduce their investment.
Fiber Cement Boards Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||$16.4 billion|
|Segment Covered||By Type, By Application, By Raw Material, By End User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||SCG Building Materials, Kmew, Nichiha, Lato JSC, James Hardie, Etex Group, Cembrit, Mahaphant, Elementia, Everest Industries, Hong Leong Industries, HeaderBoard Building, Visaka Industries, China Conch Venture.|
Key Segments of the Fiber Cement Boards Market
By Type Overview, 2022-2029 (USD Billion)
- Corrugated sheets
- Flat sheets
- Window sills
- Partition walls
By Application Overview, 2022-2029 (USD Billion)
- Molding and Trimming
- Other Applications
By Raw Material Overview, 2022-2029 (USD Billion)
- Portland Cement
- Cellulosic Material
By End User Overview, 2022-2029 (USD Billion)
By Region Overview, 2022-2029 (USD Billion)
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South America
- Rest of South America
Middle East and South Africa