Europe and Middle East Painted Fiber Cement Board and Planks Market is expected to reach US$ 4.97 Billion by 2031

Germany Dominated Europe and Middle East Painted Fiber Cement Board and Planks Market in 2023    

According to our latest market study on “Europe and Middle East Painted Fiber Cement Board and Planks Market Forecast to 2031 – Country Analysis – by Product Type, Application, and End Use,” the market was valued at US$ 3.15 billion in 2023 and is projected to reach US$ 4.97 billion by 2031; it is anticipated to record a CAGR of 5.9% from 2023 to 2031. The report includes growth prospects owing to the current Europe and Middle East painted fiber cement board and planks market trends and their foreseeable impact during the forecast period.

In 203, Turkey held the largest Middle East painted fiber cement board and planks market share. Rising urbanization, government initiatives, and increasing population are the notable factors driving the painted fiber cement board and planks market growth in the country. The rising demand for earthquake-resistant construction also benefits the fiber cement boards and planks market in the country. Turkey is located in an earthquake-prone region, requiring sturdy and superior-quality construction materials.

Europe and Middle East Painted Fiber Cement Board and Planks Market Breakdown – by Country

Residential segment accounted for largest Europe and Middle East painted fiber cement board and planks market size. Prefabricated buildings are built out of flexible, convenient, and economical construction techniques, and are highly preferred in temporary or permanent building requirements. Prefabricated buildings offer a quick solution to set up, disassemble, or move temporary construction offices (on-site); worker dormitories, disaster relief housing, exhibition halls, or commercial booths are constructed using this method. Fiber cement boards and planks stand out as the ideal choice for constructing prefabricated buildings owing to their superior properties compared to traditional materials. Their evident advantages include durability, sound insulation, thermal insulation, and eco-friendliness. Fiber cement boards and planks have excellent moisture resistance, and they are not easily affected by humidity, maintaining their structural strength and stability in damp environments. These factors further influence Europe and Middle East painted fiber cement board and planks market growth. These boards and planks are incredibly sturdy and durable, capable of withstanding long-term use and harsh environments without aging or corroding. Moreover, with excellent thermal insulation properties, fiber cement board and planks keep interiors warm in winter and cool in summer, enhancing comfort within living or working spaces. These boards and planks meet modern green building standards, which renders them environmentally friendly. Due to all these advantages, fiber cement board and planks are widely used in the construction of various prefabricated buildings, including offices, dormitories, canteens, and warehouses on construction sites; temporary commercial facilities such as exhibition halls and sales booths, temporary stores, and catering service stations; resorts; and education and medical buildings.

UAE held the third-largest share of the market in 2023. The building and construction industry in the UAE is flourishing with surging government investments in megaprojects, including commercial and residential construction projects. Moreover, with the growing urban population, the government is focusing on providing support for the construction of private residential buildings in the UAE. Thus, the growth of the construction industry in the country is expected to boost the demand for painted fiber cement boards and planks. Further, the UAE has a motive to practice sustainable development as much as possible. To promote this, the country has been focusing on using LEED-certified structures. Fiber cement boards are an ideal choice for projects aiming for LEED certification owing to their environmentally friendly properties.

Europe is one of the largest producers of construction materials, and the marketplace is dominated by small and medium-sized enterprises (SMEs) that supply various construction materials to local and regional markets. According to the European Commission, the construction industry is one of the major contributors to the European economy, accounting for ~9% of the region's GDP. Growing inclination toward the utilization of sustainable raw materials in construction activities is further expected to foster the painted fiber cement board and plank market in Europe in the future. Players operating in the Europe painted fiber cement board and planks market are adopting strategies such as research and development investments, new product launches, and mergers and acquisitions to stay competitive in the market and fulfill customer demand. In June 2022, Swisspearl Group in Niederurnen, Switzerland, announced the acquisition of Cembrit, Denmark, to keep up with its goal of expanding into the international market. The acquisition of 1,400 Cembrit employees will create a 2,600-employee company, thus making Swisspearl Group a major fiber cement producer in Europe.

Europe and Middle East Painted Fiber Cement Board and Planks Market: Trends

There has been a rising inclination toward sustainable and green construction activities in recent years. Green and sustainable construction is the practice of developing and using more resource-efficient construction materials, along with planning the project in a way to lower its environmental footprint. The construction industry is a resource-intensive industry, and constructing a building may require natural resources in bulk volumes. Green and sustainable construction has a negligible impact on the natural environment of the project site. Factors such as transformations in government policies and the surging awareness of the environmental effects of different building products are leading to the large-scale adoption of green and sustainable materials in construction. Various players operating in the construction industry are also paying high attention to the Leadership in Energy and Environmental Design (LEED) ratings, green points, etc. They strive to reduce their environmental impact to contribute to a more sustainable future by incorporating sustainable building practices and materials. Amid the wave of eco-conscious construction, fiber cement boards and planks are gaining prominence as a sustainable alternative to conventional materials. These boards and planks are made from a composite of cement, cellulose fibers, and sand, revolutionizing the building industry with their environmental and economic benefits. Cellulose fibers are harvested directly from plants or recycled materials such as newspapers. Moreover, fiber cement boards and planks exhibit superior resilience required in construction while being environmentally considerate. This renders them well-suited for projects aiming for LEED certification or similar green building ratings.

Etex NV, Swisspearl Group AG, SHERA Public Company Limited, SCG International Corp Co Ltd, Tepe Betopan A.?., FVA Group Pty Ltd, SFIBRAL, Sercor, LTM, Lato OJSC, and Ramco Industries Limited are among the key players profiled in the Europe and Middle East painted fiber cement board and planks market report.  

The Europe and Middle East painted fiber cement board and planks market involves segmentation as follows:

The Europe and Middle East painted fiber cement board and planks market analysis is based on product type, application, end use, and geography. Based on product type, the Europe and Middle East painted fiber cement board and planks market is segmented into fiber cement board (low-density, medium-density, and high-density) and fiber cement plank. Fiber cement board accounts for a significant painted fiber cement board and planks market share. Based on application, the market is segmented into cladding, roofing, wall partition, flooring, siding, and others. Based on end use, the market is segmented into residential, commercial, industrial, and institutional. The scope of the Europe and Middle East painted fiber cement board and planks market report entails European countries such as Germany, France, the UK, Italy, Russia, and the Rest of Europe, countries in the Middle East such as Saudi Arabia, the UAE, Turkey, Qatar, Oman and the Rest of Middle East.

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