Fibre Cement Market: Current Status, In-depth Analysis and Forecast Outlook 2031

The global fibre cement market is anticipated to grow at a considerable CAGR of 4.2% during the forecast period (2024-2031). The increased construction and infrastructure sector in developed countries such as the US, India, China will be fostering the demand for the fibre cement market during the forecast period. According to the Associated General Contractors, Construction is a major contributor to the U.S. economy. The industry has more than 733,000 employers with over 7 million employees and creates nearly $1.4 trillion worth of structures each year. Further, the Governments of Canada and Alberta have invested over USD 52.7 million in the completion of several infrastructure projects through the Investing in Canada Infrastructure Program. Furthermore, top construction projects of 2019 in North America were Landmark Real Estate and Development (Chicago, IL), California High-Speed Rail Authority (Bakersfield, CA), NYC Housing Authority Office of Design (Brooklyn, NY), among others. 

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Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in January 2020, James Hardie Building Products Inc introduced its innovative product offerings, including James Hardie’s Dream Collection products that provide builders, contractors, and consumers the ability to select from over 700 ColorPlus Technology finishes. The Dream Collection's 700+ colors are available in a variety of product lines, sizes, and textures, providing the greatest in long-lasting beauty and design options on the market. This technique provides a consistent coating that resists fading, discoloration, chipping, and cracking and is backed by a 15-year limited warranty, allowing customers to choose the color with confidence.

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Market Coverage

• Segment Covered- 

o             By Application

o             By End-Use

• Regions Covered

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

• Competitive Landscape- James Hardie Building Products Inc., Etex Group, NICHIHA Co. Ltd, SCG, Elementia Materiales. 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?

o             Deviation from the pre-COVID-19 forecast

o             Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Fibre Cement Market Report by Segment

By Application

• Siding
• Roofing
• Cladding
• Molding and Trimming
• Others (Flooring, Wall partitions)

By End-user

• Residential
• Non-residential

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