Increasing use of fiber cement board in residential sectors
The construction industry extensively uses fiber cement board in residential development for roofing, ceiling, flooring, and tile backing, among other applications. So, real estate and construction industry growth is poised to supplement fiber cement board sales. They are used for external claddings, as a base, flat sheets for windshields, wall copings, corrugated sheets, planks, and slates. They are also used for corrugated sheets and roofing as slates. Fiber cement boards are gaining popularity among residential homeowners because of their various advantages such as versatility, heat and fire resistance, durability, low maintenance, and weather resistance. These boards are also quite useful for decorative purposes such as sidings, flooring, ceiling, roofing materials, soffit, trims, and as a tile backing board. Fiber cement board market is observing significant growth owing to its utilization as fiber cement board inside the house, such as in kitchens and bathrooms, due to its durable, water-resistant, and waterproof nature. In addition, accelerating construction expenditures, specifically in new housing, will spur demand. The construction industry in the Asia Pacific region is the largest across the globe. It is growing at a healthy rate, owing to the growing population, increase in middle-class income, and urbanization. Thus, the growing residential construction and an increased application of fiber cement board in the residential construction sector are driving the growth of fiber cement board market across the world.
