Market Research Future published a research report on “Fiber Cement Board Market Research Report – Global Forecast till 2025” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2025.
Market Overview
The Global Fiber Cement Board Market, according to a report by Market Research Future (MRFR), is slated to cross a market valuation of USD 2,263.0 Million by 2025 at a CAGR of 7.4% over the review period.
Drivers and Restraints
There are several influential factors driving the growth of the market over the review period. For instance, easy installation and utility in residential and non-residential construction of the Fiber Cement Board Market are fueling market growth. Its excellent characteristics, such as High resilience structural integrity, and Excellent applicability in moisture-rich environments in comparison with the alternatives, is also likely to drive its demand, and consequently, the market growth. Moreover, the growth of the global construction industry is also expected to contribute substantially towards Analysis on Impact of COVID19-Fiber Cement Board Market growth over the assessment period. Additionally, the Supporting government regulations and initiatives for the usage of fiber cement board over alternatives is also driving the demand.
On the other hand, the application of fiber cement board is restricted due to their narrowness. It is challenging to make fiber cement boards thick as it increases their brittleness. Moreover, the environmental impact of manufacturing fiber cement boards is also expected to hamper the market growth in the foreseeable future.
Key Players
Some of the leading market players in the global Fiber Cement Board Market are James Hardie Industries PLC (Ireland), Alpha Roofing Industries, LLC (US), Allura (US), Cembrit Holding A/S (Denmark), Shandong Cement (China), Etex Group NV (Belgium), CSR Limited (Australia), Toray Industries Inc. (Japan), American Fiber Cement Corporation (US), Nichiha (Japan), and GAF (US).
Segments:
The Impact of COVID-19 on fiber cement board market has been segmented on the basis of raw material, type, and application.
By Raw Material, the market has been segmented into Portland cement, fiber cement boards, and silica fiber boards.
By Type, Fiber cement boards can be segmented based on their density, as low density, medium density, and high density.
By Application, Fiber cement boards are used widely in residential and non-residential applications.
Market Research Analysis:
Europe accounted for the largest market share in the global fiber cement rainscreen panels market
Geographically, the global fiber cement rainscreen panels market has been segmented into four major regions, namely, North America, Europe, Asia-Pacific, and the rest of the world. In 2018, Europe accounted for the largest market share, and is expected to witness sustainable growth over the forecast period. This can be attributed to the stringent regulatory guidelines for the construction industry in the region. Furthermore, high investments in the construction industry and the increase in the demand for fiber-based materials in green buildings are further expected to drive the demand for fiber cement rainscreen panels market.
Asia-Pacific is anticipated to witness the highest growth rate over the forecast period, owing to the growing construction industry across the emerging economies, such as China and India. Furthermore, consumer spending capabilities and improving standards of living are anticipated to subsidize to the overall construction industry, which furthermore enhance the demand for fiber cement rainscreen panels market in the region.
Table of Content:
Chapter 1: Fiber Cement Board Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Fiber Cement Board Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Fiber Cement Board Market Effect Factors Analysis
Chapter 12: Global Fiber Cement Board Market Forecast
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