Fibre cement market
The growth in the fibre cement market is a result of a boom in the construction industry, a ban on asbestos cement products, the high efficiency of fibre cement products, and rapid urbanisation and industrialisation in developing countries. In addition, the increase in infrastructure investments has created an opportunity for the global market. However, a dearth of skilled labour in developing countries is expected to hamper the fibre cement market growth.
Fibre cement products have gained popularity in North America and the Asia-Pacific region in recent years. Homeowners can prefer fibre cement siding compared to vinyl siding because of its durability, resistance to termites and water, fire retardant properties, and low maintenance.
This growing interest of consumers in fibre cement boards, sheets, slates, and other products, has created lucrative opportunities for manufacturers to offer a broad array of products.The global fibre cement market generated revenue of $12,336 million in 2014, and is expected to reach $18,888 million by 2022, registering a CAGR of 5.8% from 2016 to 2022.
The key players in the market include; 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, and Cembrit Holding A/S.
The other companies operating in the fiber cement industry include Elementia, S.A.B de C.V., Marley Eternit Ltd., Thai Olympic Fibre-cement Co., Ltd., Mahaphant Fibre Cement Co., Ltd., Everest Industries Ltd., Swisspearl, Equitone, Allura USA, Beijing Hocreboard Building Materials Co., Ltd., and Fry Reglet.
Fibre cement market key segmentation by raw material:
- Portland cement.
- Silica.
- Cellulosic fibre.
- Others.
Fibre cement market key segmentation by application:
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
What it is and how to use it.
Investors in People: CIOB achieves gold
Reflecting a commitment to employees and members.
Scratching beneath the surface; a guide to selection.
ECA 2024 Apprentice of the Year Award
Entries open for submission until May 31.
UK gov apprenticeship funding from April 2024
Brief summary the policy paper updated in March.
For the World Autism Awareness Month of April.
70+ experts appointed to public sector fire safety framework
The Fire Safety (FS2) Framework from LHC Procurement.
Project and programme management codes of practice
CIOB publications for built environment professionals.
The ECA Industry Awards 2024 now open !
Recognising the best in the electrotechnical industry.
Sustainable development concepts decade by decade.
The regenerative structural engineer
A call for design that will repair the natural world.
Buildings that mimic the restorative aspects found in nature.
CIAT publishes Principal Designer Competency Framework
For those considering applying for registration as a PD.
BSRIA Building Reg's guidance: The second staircase
An overview focusing on aspects which most affect the building services industry.
Design codes and pattern books
Harmonious proportions and golden sections.
Introducing or next Guest Editor Arun Baybars
Practising architect and design panel review member.