Fiber Cement Market Positive Long-Term Growth Outlook 2024|TMR
Owing to the material type and the method of manufacturing, a large part of the current global fiber cement market is involved in the creation of products intended for cladding and/or roofing.
Owing to the material type and the method of manufacturing, a large part of the current global fiber cement market is involved in the creation of products intended for cladding and/or roofing.
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Transparency <strong>Market</strong> Research<br />
<strong>Fiber</strong> <strong>Cement</strong> <strong>Market</strong> - Global<br />
Industry Analysis, Size, Share,<br />
<strong>Growth</strong>, Trends, and Trends and<br />
Forecast 2016 – 2024<br />
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REPORT DESCRIPTION<br />
The global industry of construction has consistently been seeking solutions or improvements to the materials being used<br />
for roofing and similar other applications. One of the core solutions that is being used today is fiber cement, which is a<br />
composite building and construction material that can provide high levels of durability and toughness. Owing to the<br />
material type and the method of manufacturing, a large part of the current global fiber cement market is involved in the<br />
creation of products intended for cladding and/or roofing.<br />
The global fiber cement market can find a very wide range of applications today through the construction industry, in<br />
residential, domestic, and industrial applications. They are also able to impart a better quality of fire protection to<br />
structures and are therefore strongly considered for use in renovation projects as well. <strong>Fiber</strong> cement constructs are also<br />
highly regarded for use in siding, due to the low maintenance nature of sidings and the fact that fiber cement objects are<br />
easier to increasing aesthetic appeal with.<br />
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This report on the global market for fiber cement presents a detailed the analysis of the present state of the market with<br />
details regarding key drivers, restraints, and chief trends representing consumer preferences, quantitatively and<br />
qualitatively. The report includes a detailed analysis of the expected impact of these factors on the overall development of<br />
the market over the period between 2016 and 2024.<br />
Global <strong>Fiber</strong> <strong>Cement</strong> <strong>Market</strong>: Trends and Opportunities<br />
The vast rise in usage of fiber cement for the production of façade and roofing products, chiefly owing to its high strength<br />
and durability, and the increasingly stringent regulations restricting the use of asbestos cement are some of the key<br />
factors credited to the healthy growth prospects of the global fiber cement market. A thriving construction industry across<br />
developing economies in regions such as Asia Pacific, Africa, and Latin America, with increasing investment in<br />
infrastructure development and housing projects, is also expected to lead to an increased demand for fiber cement in the<br />
next few years.
However, certain factors are expected to hinder market growth over the report’s forecast period, including the complex<br />
process of installing products made from fiber cement as well as the high base cost of these products, compelling costsensitive<br />
developing or less developed economies to favor alternatives. Nevertheless, the increased use of the composite<br />
in fire protection applications is a window of opportunity for companies operating in the global fiber cement market.<br />
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Global <strong>Fiber</strong> <strong>Cement</strong> <strong>Market</strong>: Segmentation<br />
The key applications of fiber cement are found in the construction of siding and roofing. Of these, the segment of siding<br />
presently accounts for the leading share in the market in terms of revenue contribution and is expected to retain its<br />
position as the leading segment over the forecast period as well. Rising demand for fiber cement for siding applications,<br />
chiefly owing to the aesthetic appeal and durability it provides, will help the segment account for a leading share in the<br />
global market revenue.<br />
From a geographical perspective, the global fiber cement market in Asia Pacific is expected to witness growth at the most<br />
promising pace over the report’s forecast period. The thriving construction industry in residential as well as commercial<br />
sectors will fuel the overall demand for fiber cement in the region. Developing economies such as India and China will<br />
contribute to most of the region’s demand for fiber cement over the forecast period.<br />
Some of the key companies operating in the global fiber cement market are James Hardie Industries PLC, Etex Group<br />
NV, Evonik Industries AG, Toray Industries Inc, and Compagnie de Saint Gobain SA.<br />
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