Fiber Cement Market Size Report and Growth Analysis 2028
[Rapporto di ricerca] Si prevede che la dimensione del mercato del fibrocemento crescerà da 21.748,45 milioni di dollari nel 2022 a 33.052,23 milioni di dollari entro il 2028; si stima registrerà un CAGR del 7,2% dal 2022 al 2028.
Il fibrocemento è comunemente usato come materiale per rivestimenti esterni in quanto offre un'eccellente durabilità e resistenza agli agenti atmosferici e al fuoco. Inoltre, il fibrocemento viene spesso utilizzato come materiale per coperture grazie alla sua capacità di resistere a condizioni atmosferiche avverse, come forti piogge, grandine e vento. Inoltre, il fibrocemento può essere utilizzato anche per lavori di rifinitura e fasciatura, poiché è facile da modellare e può essere verniciato o colorato per abbinarsi all'esterno dell'edificio. Viene spesso utilizzato anche negli edifici commerciali, come ospedali, scuole ed edifici per uffici, poiché offre un'opzione duratura e a bassa manutenzione per i loro esterni.
Nel 2022, l’Asia Pacifico deteneva la quota maggiore di ricavi del mercato globale del fibrocemento . La domanda di fibrocemento è in aumento nell'Asia del Pacifico a causa della crescente consapevolezza dei vantaggi del fibrocemento. Questa regione è stata notata come uno dei mercati più importanti per l'utilizzo di pannelli in fibrocemento a causa dell'aumento delle attività di costruzione. Inoltre, iniziative e politiche governative come Make-in-India incoraggiano la creazione di diversi impianti di produzione in India. L’aumento degli investimenti diretti esteri porta anche alla crescita economica della regione. Si prevede che il crescente numero di utilizzi dei pannelli in fibrocemento in numerosi settori residenziali e non residenziali aumenterà la domanda di pannelli in fibrocemento nell’Asia del Pacifico nei prossimi anni. In India, l’edilizia è la seconda industria più grande dopo l’agricoltura e rappresenta circa l’11% del PIL del paese. Il settore dell'edilizia e delle costruzioni contribuisce fortemente alla crescita del mercato.
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Mercato del fibrocemento: approfondimenti strategici
CAGR (2022 - 2028)7,2%- Dimensione del mercato nel 2022:
21,75 miliardi di dollari - Dimensione del mercato nel 2028:
33,05 miliardi di dollari
Dinamiche di mercato
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Giocatori chiave
- James Hardie Industries plc
- Etex NV
- Gruppo Swisspearl AG
- CSR Ltd
- NICHIHA Corp
- Plycem Construsistemas Costa Rica SA
- Compagnie de Saint Gobain SA
- Century Plyboards Ltd
- Everest Industries Ltd
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type - Air-cured
- Autoclaved
Application - Roofing
- Outside Siding or Façade
- Others
End-Use - Residential
- Non-Residential
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Impact of COVID-19 Pandemic on Fiber Cement Market
The construction sector has been the major contributor to the demand for fiber cement. The COVID-19 pandemic adversely affected the growth of the chemicals & materials sector and fiber cement market. The implementation of measures to combat the spread of SARS-CoV-2 negatively impacted the growth of various industries. Industries such as packaging, consumer goods, automotive & transportation, textiles, and building & construction were adversely affected by the disruptions in operational efficiencies and value chains due to the sudden closure of national and international boundaries. During the COVID-19 pandemic, falling revenue and increasing project delivery challenges led to the sector’s contraction in most markets, with a corresponding negative impact on the labor force. Builders experienced delays and increased costs for imported raw materials and off-site building materials due to many factories being shut down for long periods. The damage to the building & construction industry hampered the demand for fiber cement during the pandemic.
Market Insights
Surging Demand for Energy-Efficient Buildings Bolsters Fiber Cement Market Growth
According to the Energy Sector Management Assistance Program, nearly one-third of global energy is consumed in residential, public, and commercial buildings for space cooling, heating, ventilating, cooking, refrigerating, lighting, water heating, and operating electric and mechanical devices. Modernizing cities in developing countries and increasing per capita income propel energy use in buildings across the world. High energy consumption in public, residential, and commercial buildings create a need for energy savings. According to the International Energy Agency, buildings are expected to account for ∼41% of global energy savings potential by 2035, and the industrial sector and transport sector will hold 24% and 21%, respectively. A layer of fiber cement is applied to the building to reduce heat transfer through the walls, keeping the interior warmer in winter and cooler in summer, which helps reduce energy consumption. According to the ASHRAE Fundamentals Handbook, fiber cement has an R-value of 0.15, which is better than the value of brick and stone.
Type Insights
Based on type, the global fiber cement market is bifurcated into air-cured and autoclaved. The autoclaved segment held a larger market share in 2022. Autoclaved fiber cement is made from a mixture of cement, sand, cellulose fibers, and other additives. The mixture is formed into sheets or boards and then cured in an autoclave, which is a high-pressure vessel that applies heat and steam to the material. The autoclaving process causes a chemical reaction that strengthens the material, making it more durable and resistant to water, fire, and pests. It is generally used in a wide range of applications, including roofing, siding, flooring, and as a backing for ceramic tiles. Moreover, autoclaved fiber cement is also known for its versatility and design flexibility, as it can be made to mimic the appearance of other building materials, such as wood or stone. It is also available in various colors and textures, making it a popular choice for both residential and commercial construction projects.
James Hardie Industries plc, Etex NV, Swisspearl Group AG, CSR Ltd, NICHIHA Corp, Plycem Construsistemas Costa Rica SA, Compagnie de Saint Gobain SA, Century Plyboards Ltd, Everest Industries Ltd, and Isam Khairi Kabbani Group are a few key players operating in the global fiber cement market. Market players focus on providing high-quality products to fulfill customer demand. They are also adopting strategies such as investments in research and development activities and launches of new products. .
Report Spotlights
- Progressive industry trends in the fiber cement market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the fiber cement market from 2020 to 2028
- Estimation of global demand for fiber cement
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook, as well as factors driving and restraining the growth of the fiber cement market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The fiber cement market size at various nodes
- Detailed overview and segmentation of the market, as well as the fiber cement industry dynamics
- The fiber cement market size in various regions with promising growth opportunities
Fiber Cement Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 21.75 Billion |
| Market Size by 2028 | US$ 33.05 Billion |
| Global CAGR (2022 - 2028) | 7.2% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered | By Type
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| Regions and Countries Covered | North America
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| Leader di mercato e profili aziendali chiave |
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- Il PDF di esempio mostra la struttura del contenuto e la natura delle informazioni con analisi qualitative e quantitative.
Mercato globale del fibrocemento
In base al tipo di fibra, il mercato globale del fibrocemento è segmentato in base al tipo, all’applicazione e all’uso finale. In base alla tipologia, il mercato globale del fibrocemento è segmentato in air cured e autoclavato. In base all’applicazione, il mercato del fibrocemento è segmentato in coperture, rivestimenti esterni o facciate e altri. In base all’uso finale, il mercato del fibrocemento è segmentato in residenziale e non residenziale.
Profili aziendali
- James Hardie Industries plc
- Etex NV
- Gruppo Swisspearl AG
- CSR Ltd
- NICHIHA Corp
- Plycem Construsistemas Costa Rica SA
- Compagnia di Saint Gobain SA
- Century Plyboards Ltd
- Everest Industrie Ltd
- Gruppo Isam Khairi Kabbani
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
Asia Pacific accounted for the largest share of the global fiber cement market. Asia Pacific is one of the most significant regions for the fiber cement market owing to surging demand for energy-efficient buildings.
Durability is one of the most desirable qualities of fiber cement. Fiber cement siding, boards, and panels typically outlast vinyl siding and other alternative products in lifespan. Within 10 to 15 years, vinyl siding can show signs of aging, whereas fiber cement siding can last up to 30 to 50 years or more. Further, in cement production, carbon dioxide is a byproduct. However, manufacturing vinyl siding containing polyvinyl chloride (PVC) produces more carbon dioxide than cement production. Hence, fiber cement siding is a greener alternative to vinyl siding. Fiber cement products do not require frequent repainting as it holds paint well. Also, they do not dent unlike steel siding. Fiber cement products stand stronger in moisture and leaks than gypsum boards. These products possess excellent moisture-absorbing and drying properties, making them resistant to weather changes.
Based on type, autoclaved segment held the largest revenue share owing to the its durability and resistance to water, fire, and pests.
Based on the application, roofing segment is projected to grow at the fastest CAGR over the forecast period. Fiber cement roofing sheets and tiles are popular for their durability, resistance to weathering, and low maintenance requirements. They are also available in a variety of colors and styles to suit multiple architectural requirements and design preferences.
According to the World Bank, across the world, a large proportion of the population lives in cities. In 2011, 52.0% lived in urban areas. Over the last ten years, owing to urbanization in developing economies in Asia and Oceania, the urbanization rate increased from 43.3% in 2011 to 50.0% in 2021. Africa has seen a 4.6% increase in the same period. Governments of various countries across the world focus on supporting and increasing construction activities. Saudi Arabia launched its Saudi Vision 2030 to diversify its economy, modernize its administration, and introduce bold reforms in many sectors. The country is targeting to increase the contribution of its construction sector to the overall GDP. Due to its Saudi Vision 2030, the country's construction market reports significant growth in residential and nonresidential segments and offers lucrative potential to fiber cement.
The major players operating in the global fiber cement market are James Hardie Industries plc, Etex NV, Swisspearl Group AG, CSR Ltd, NICHIHA Corp, Plycem Construsistemas Costa Rica SA, Compagnie de Saint Gobain SA, Century Plyboards Ltd, Everest Industries Ltd, and Isam Khairi Kabbani Group.
The List of Companies - Fiber Cement Market
- James Hardie Industries plc
- Etex NV
- Swisspearl Group AG
- CSR Ltd
- NICHIHA Corp
- Plycem Construsistemas Costa Rica SA
- Compagnie de Saint Gobain SA
- Century Plyboards Ltd
- Everest Industries Ltd
- Isam Khairi Kabbani Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published and advised several client across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organization are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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