Fiber Cement Board Market Size, Share, Demand, Growth & Trends by 2032

-

 The fiber cement board market is estimated to create an absolute dollar opportunity with a steady CAGR of 4.3% throughout the forecast years 2022-2032. Fiber cement boards are constructed of plant extract cellulose, cement, and sand. Cement plays an important role in the formation of fiber cement boards as it fits as an extremely hard material that makes it a quite affordable alternative for the real estate business.

Fiber cement boards are widely used for covering the exteriors of the buildings in residential, commercial, and industrial buildings. The construction sector is the prominent end-user of the fiber cement board market. With the rising need for residential buildings, the fiber cement board market is also anticipated to showcase phenomenal growth over the forecast period.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-10369

Key Takeaways

  • The rising population in the cities and the increased number of migrations from rural to urban areas have led to rapid urbanization. A significant rise in construction projects has been seen over the past few years and is estimated to rise in the future, resulting in increased sales of fiber cement boards in the global market.
  • Rising inclination towards creating planned cities and better living conditions are driving sales of fiber cement board more in all the countries simultaneously.
  • The government is rapidly taking initiatives across the lower and middle-income countries in order to provide affordable housing to large sections of society. These opportunities are expected to create massive demand for fiber cement boards during the forecast years.
  • All the major higher-income regions carry out renovation activities that are expected to further boost the sales of fiber cement boards in these regions. The contribution of developed regions in the construction sector is predicted to boost sales in the fiber cement board market.
  • The construction industry has maximum contribution to the sales of fiber cement board market since it is used for applications such as flooring, siding, and roofing, among others. Growth in the construction industry is expected to drive the sales of fiber cement boards extensively in the future.
  • Increasing demand for new housing and refurbishment of old constructions is drastically increasing demand for fiber cement board in the coming years.

Competitive Landscape

James Hardie Industries PLC, Etex Group NV, Cembrit, Mahaphant Fibre Cement Co., Ltd., Elementia, S.A.B de C.V., Everest Industries, Saint-Gobain, Hume Cemboard Industries, Nichiha Corporation, Soben board Everest are some of the key companies profiled in the full version of the report.

Key market players are expected to expand the portfolio of the company and augment its fiber cement board market share in the coming days. Some major companies in the industry are making technological advancements to get an edge over the market.

More Insights into the Fiber Cement Board Market

North America and Europe are expected to lead the global fiber cement board market. Countries including the U.K, North America, Germany, and Spain among others are expected to be prominent countries in the fiber cement board market owing to high construction spending in these countries.

The surge in the global construction activities in commercial and residential areas is expected to contribute to the growth of the fiber cement board market in North America.

There is an aesthetic advantage attached to fiber cement board as it resembles wood planks or wood shingles which makes the demand for fiber cement board in the architecture sector also. Moreover, the sales of fiber cement boards are more eco-friendly options for residential applications.

Regions such as the Asia Pacific, Latin America, and countries like MEA are witnessing a surge in construction activities amidst growing urbanization is expected to drive the demand for fiber cement board in the global market.

Developing countries like India, China, and Indonesia are foreseeing rapid population growth which is yet another factor driving sales of fiber cement boards and better housing conditions, which is expected to drive the construction industry in the Asia Pacific region.

North America and European regions are predicted to hold a prominent share in the global fiber cement board market. New opportunities for the fiber cement board market are predicted to be generated from the Middle East & Africa, and Latin America regions.

Key Segments

By Raw Material:

  • Portland cement
  • Silica

By Application:

  • Commercial Buildings
  • Residential Buildings

By End Use:

  • Residential
  • Commercial
  • Industrial

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

Browse Full Report: https://www.futuremarketinsights.com/reports/fiber-cement-board-market

Comments

Post a Comment

Popular posts from this blog

Thionyl Chloride Market Size, Share, Revenue Demand & Growth by 2034

-
Heightening concerns related to water treatment are likely to further fuel its growth engine in the near term. According to the latest report by FMI, the global  thionyl chloride market  is expected to reach a valuation of US$ 829.9 million by 2034. The industry is expected to experience revenue growth at a moderate CAGR of 4.8% during the forecast period. Thionyl chloride is used in various end-use industries such as agrochemicals, pharmaceuticals, dyes & pigments, and organic synthesis. The rising adoption of pesticides in developing countries and developments in the pharmaceutical industry are expected to drive the growth of the thionyl chloride market over the forecast period. However, a majority of end users of thionyl chloride are facing a massive slowdown due to the coronavirus (COVID-19) pandemic. This is substantially widening the supply-demand gap, and, as such, straining the revenue pool of the thionyl chloride market. Further, China – the epicenter of the pandemic – is
Read more

Bonded Magnet Market Size, Share, Revenue Demand & Growth by 2034

-
  The  bonded magnet market size  is projected to be around US$ 2,597.40 million in 2024. The demand for bonded magnets is anticipated to expand at a CAGR of 4.80% through 2034. The industry is projected to surpass US$ 4,150.99 million by 2034. The bonded magnet industry is primarily driven by the increasing demand for miniaturization and lightweight components in various applications such as automotive, consumer electronics, and medical devices. The rising focus on sustainability and environmental concerns has propelled the adoption of bonded magnets, which are manufactured using environmentally friendly processes and materials. One of the latest trends in the bonded magnet industry is the development of hybrid magnet systems combining bonded magnets with other materials like plastics or composites. These hybrid systems offer unique properties and performance characteristics, catering to specific application requirements such as weight reduction or thermal stability. One significa
Read more

Construction Chemicals Market Potential Growth, Size, Share, Demand And Analysis Of Key Players – Research Forecasts To 2031

-
 The essential nature of construction chemicals in the construction and engineering sector is expected to support market growth for the duration of the assessment period from 2021 to 2031. In a new market report, Future Market Insights (FMI) has stated the valuation of the market at US$ 39 Bn in 2020.  Construction chemicals  play critical roles in construction projects including coatings, additives, sealants and more. Affordable housing and smart city projects are major influencers of demand. Strong demand for concrete admixtures, plasticizers in particular is driving the growth of the construction chemicals market. The high degree of workability in areas requiring high levels of reinforcement in high rise buildings and public infrastructure projects will support sales prospects in the coming years. The Asia Pacific excluding Japan region is expected to remain dominant. Major urbanization projects and substantial manufacturing facilities in China are likely to aid expansion of the
Read more