NEW YORK, Could 19, 2022 /PRNewswire/ — The Perception Companions printed newest analysis examine on Fiber Cement Board Market Forecast to 2028 – COVID-19 Impression and World Evaluation – by Sort (Low-Density Fiber Cement Board, Medium Density Fiber Cement Board, and Excessive-Density Fiber Cement Board), Finish Consumer (Residential and Industrial), and Geography,” the fiber cement board market is predicted to develop from US$ 1,603.38 million in 2021 to US$ 2,339.16 million by 2028; it’s estimated to develop at a CAGR of 5.5% from 2021 to 2028. The rising demand within the constructing and building trade are the key elements driving the market progress. Nevertheless, excessive set up and upkeep prices prohibit the expansion of the fiber cement board market. The report highlights key elements driving the market progress, and distinguished gamers and their key developments available in the market.
Fiber cement is a long-lasting and low-maintenance materials that’s usually used to cowl the outside of houses and, in some circumstances, business buildings. It’s fabricated from cellulose fibers, cement, and sand, which outline its energy.
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Report Protection |
Particulars |
Market Dimension Worth in |
US$ 1,682.42 Million in 2021 |
Market Dimension Worth by |
US$ 2,339.16 Million by 2028 |
Development fee |
CAGR of 5.5% from 2021 to 2028 |
Forecast Interval |
2021-2028 |
Base Yr |
2021 |
No. of Pages |
150 |
No. Tables |
111 |
No. of Charts & Figures |
61 |
Historic information accessible |
Sure |
Segments coated |
Sort, and Finish Consumer |
Regional scope |
North America; Europe; Asia Pacific; Latin America; MEA |
Nation scope |
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
Report protection |
Income forecast, firm rating, aggressive panorama, progress elements, and tendencies |
Fiber Cement Board Market: Aggressive Panorama and Key Developments
Nichiha Co., Ltd; Cembrit Holding A/S; Dow Inc.; Beijing Hocreboard Constructing Supplies Co. Ltd.; SCG Constructing Supplies Co., Ltd.; Saint Gobain S.A.; Tepe Betopan A.Ş.; IKK Group; Hume Cemboard Industries Sdn Bhd; and ACFA Constructing Resolution are a couple of key gamers working within the fiber cement board market. Main market gamers undertake new product launches and mergers & acquisitions as key enterprise methods to develop their geographic presence and shopper base internationally. For example, in 2020, Cembrit Holding A/S launched a brand new 3D impact facade board.
Rising consciousness concerning the want for sustainable developments and elevated building of inexperienced buildings is growing demand for the fiber cement boars. It’s made utilizing recycled supplies reminiscent of cellulose fibers, sand, and cement, which help in defending human well being and the surroundings. Fiber cement boards are unhazardous as they don’t include asbestos. It’s a cost-effective possibility that will mimic the looks of wooden siding, clapboard, and shingles, together with supporting design selection. Moreover, elements driving the growth of the worldwide fiber cement board market embody quick urbanization and industrialization in rising nations, a thriving constructing and infrastructure sector with growing investments in these initiatives, and excessive effectivity of fiber cement merchandise.
The worldwide building trade has witnessed vital progress throughout the previous couple of years. This progress in building actions is propelling the demand for building supplies together with fiber cement boards. Furthermore, fiber cement installations are very efficient in locations with excessive climate. They will function a possible resolution for aluminum and wooden installations generally seen close to marine environments with salty air. These sidings are additionally efficient in opposition to rain and hail.
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In 2021, Asia Pacific dominated the worldwide fiber cement board market. The area is predicted to proceed its dominance throughout the forecast interval. Within the area, the fiber cement board market tendencies are influenced by the presence of well-established industries reminiscent of constructing & building and transportation. Together with this, the presence of main fiber cement board manufacturing firms in Asia Pacific is offering progress alternatives for the market. For example, in 2021, Saint-Gobain inaugurated the Gyproc gypsum board manufacturing unit in Hai Phong, Vietnam, with an funding of greater than US$ 42 million. In 2021, Europe was the second-largest area for the worldwide fiber cement board market. The elevated demand for fiber cement boards from the development trade in Europe is driving the expansion of the market within the area.
Rising Demand for Fiber Cement Boards
Fiber cement boards are more and more used within the residential and business constructing and building industries. Fiber cement board is a composite materials fabricated from cement strengthened with cellulose fibers which might be used for each business and residential purposes reminiscent of ceilings, partitions, flooring, cladding, and so forth. It will probably face up to climate circumstances starting from sturdy solar to heavy rain and can be utilized for exterior purposes. Fiber cement boards are employed as a result of, as in comparison with gypsum boards, they’re extra proof against moisture and leakage. Cement boards have glorious moisture absorption and drying qualities, making them climate sturdy.
Superior technical specs and functionalities, and favorable rules carried out by governments throughout the globe set off the adoption of fiber cement boards. Rising demand for environmentally pleasant and sustainable constructing items, and elevated authorities management on using asbestos are main elements driving the fiber cement board market progress. These boards mix cement with totally different natural or mineral fibers in sure proportions. The usage of fiber in cement offers advantages reminiscent of low weight, crack resistance, and higher flexibility. Moreover, the incorporation of such merchandise ensures high-quality, long-lasting furnishings that’s proof against water, hearth, and termites.
Fiber Cement Board Market Dimension: Section Overview
Primarily based on sort, the fiber cement board market is segmented into low-density fiber cement board, medium density fiber cement board, and high-density fiber cement board. The medium-density fiber cement board section dominated the fiber cement board market share in 2020 and can also be anticipated to be the quickest rising section throughout the forecasted interval. These boards are sometimes utilized in low-grade constructing ceiling partition partitions. Additional, medium-density fiber cement boards are utilized in middle-grade constructing partition ceilings, and high-density sorts are utilized in high-grade constructing metal construction outer partitions, metal construction flooring, and so forth. Excessive density fiberboard section was the second largest section in 2020. There was a rise in demand for prime density fiberboards attributable to their excessive energy, light-weight, sturdiness, and simple set up
Primarily based on finish consumer, the fiber cement board market is segmented into residential and business. The marketplace for the residential section is predicted to develop at the next CAGR throughout the forecast interval. The fiber cement boards are waterproof and fire-resistant, which propels their demand within the constructing and building trade. Together with this, the residential section dominated the fiber cement board market in 2020.
Impression of COVID-19 Pandemic on Fiber Cement Board Market
The chemical compounds & supplies trade confronted unprecedented challenges throughout the preliminary months of the COVID-19 pandemic. The shutdown of producing models adversely affected the manufacturing and provide of fiber cement boards. Furthermore, lockdown and different social restrictions hampered the logistics and transportation sectors, thereby disrupting the availability chains. The discontinuation of operations in industries reminiscent of constructing & building led to decreased demand for fiber cement boards. Nevertheless, the convenience of lockdown restrictions offered revival alternatives for the chemical compounds & supplies trade as a result of resumption of transportation and commerce, which is more likely to drive the fiber cement board market progress within the coming years.
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In 2021, Asia Pacific accounted for probably the most intensive share of the worldwide fiber cement board market. The fiber cement board installations have gotten the most well-liked and profitable dwelling enchancment venture as a result of varied benefits, reminiscent of sturdiness, versatility in type, warmth and hearth resistance, climate resistance, and low upkeep.
The growing use of fiber cement boards within the residential sector and its superiority are the key drivers of fiber cement boards. Fiber cement boards are fireproof, insect resistant, and carry out effectively in pure disasters. They’ve glorious sound insulation properties. These properties make it appropriate for constructing good high quality and long-lasting houses.
Primarily based on the section sort, medium density fibreboard is predicted to be the fastest-growing section throughout the forecast interval. These merchandise are made up of wooden merchandise by breaking down hardwood or softwood residuals into wooden fibers.
Primarily based on the end-user, residential section held the most important market share in 2021. Within the residential sector, fiber cement boards are extremely used for flooring, making furnishings, wall cladding, and so forth. These fiber cement boards are significantly thermal resistant and hearth resistant, making the board a really perfect resolution in kitchens.
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Adopting eco-friendly building supplies is a latest pattern within the international fiber cement board market. Development work requires an amazing quantity of power, water, and totally different uncooked supplies. This results in the technology of enormous quantities of waste and probably dangerous atmospheric emissions. Subsequently, firms give attention to constructing eco-efficient buildings whereas decreasing their environmental influence.
Fiber cement boards are composed of sand, cement, and cellulose fibers. They’re fabricated from Portland cement and have a glass-fiber mesh on the floor. These boards can be utilized alone or together with plywood. They’re extremely proof against water, hearth, and termites, which makes them a superb alternative for establishing high-quality, long-lasting furnishings and buildings.
Fiber cement boards have turn into a typical possibility for residential constructing building as they outperform plywood and different supplies. Fiber cement boards are most popular over gypsum boards attributable to their higher resistance to moisture and leakage. Fiber cement boards have glorious moisture absorption and drying qualities, which make them climate sturdy.
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