Fiber Cement Market Research Report - Segmented By Application, Raw Materials, End-User, & Region - Forecast (2021 - 2026)

  • Category : Chemicals & Materials |
  • Report Code : VMR-41195 |
  • Pages: 200 |
  • Published : 2022-02 |
  • Region: Global |
  • Avilable Format : format excel,ppt, Pdf |
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Fiber Cement Market Size (2021 - 2026)

The global fiber cement market size is projected to grow from USD 16.8 billion in 2020 to reach USD 20.5 billion by 2025, recording a CAGR of 4.8% from 2021 to 2025 during the forecasted period. 

Fiber cement is a composite building material mainly made up of cement hardened with fiber. Fiber cement is also known as Reinforced Fiber Cement. Fiber cement is a composite building material used in construction. In general, fiber cement comprises silica, cellulosic material, and portland cement with other additives. 

Market Drivers

Fiber cement products are highly adopted continuously fostering market growth. Fiber cement has several advantages like no rotting, high resistance to termites, and incredible fire resistance. The companies involved in fiber cement are investing in the research and development activities for developing advanced technological products for surging their market share. 

The resistance to weather extremities and developed performance across alternatives will accentuate the growth of the fiber cement market. The residential construction sector is likely to grow the demand for fiber cement globally. 

Market Restrains

However, the installation cost is surging restraining the fiber cement market. The rising variable material costs challenge the fiber cement growth. 

Segment Analysis

As per our market research report, the global fiber cement market is based on the application, raw materials, and end-user.

Fiber Cement Market - By Application

  • Siding
  • Roofing
  • Flooring
  • Molding & Trim
  • Inner Lining
  • Fire and Acoustic Walls
  • Partition Wall
  • Others

Based on the application, the Siding segment is leading the fiber cement market as Siding is the major application of fiber cement in both residential and non-residential constructions. In siding application, fiber cement is applied to the exterior sides of the walls to protect them from extreme climatic conditions. The siding fiber cement develops the attractive appeal of the buildings. The siding segment is inexpensive and most appropriate for regions with intense climatic conditions. 

Fiber Cement Market - By Raw Materials

  • Cellulosic fiber
  • Portland cement
  • Silica

By raw materials, Portland cement is leading the market with the highest share in terms of both value and volume. Portland cement is the widely used type of cement used for making mortar and concrete. Portland cement comprises silica, iron, calcium, and alumina. Portland cement is cheap and the easy availability of the material. Portland cement is the most widely used for construction worldwide. 

Fiber Cement Market - By End-User

  • Residential
  • Non-residential

By end-user, the non-residential segment dominates the fiber cement market. The non-residential segment includes commercial, industrial, and agricultural buildings of the fiber cement. 

Regional Analysis

North America has experienced extensive growth in terms of demand for fiber cement products. The quick growth in fiber cement has been demanded in 2019. The expenditure on building construction is rising the U.S demand. The national number showed a conclusive increase in the new residential constructions. The average value of a newly constructed single-family home has surged by 7% during the period. 

The European market for fiber cement is growing with a CAGR of 4.8% during the foreseen period. The construction activities are rising, residential and infrastructure developments fuel the European market. 

German fiber cement market is estimated to have considerable growth from 2021 to 2025. The demand for eco-friendly materials is increasing its use in building constructions which is high propels the market demand. The growth of energy-efficient buildings, increasing construction activities with infrastructure and residential developments mounts the European market growth throughout the timeline period.

Asia-Pacific fiber cement market accounts for more than 45% share by 2027. The growth in the region is due to the growing construction of buildings across the major parts of the APAC. The rising population with growing disposable income across the developing countries has propelled the sales of real estate in the last few years. 

For example, as per JLL India, the unit housing sales in the top seven cities in India reduced from 143,923 in 2019 to 74,451 in 2020 in India affecting the market negatively. 

In Latin America, Brazil is the largest market in fiber cement in producing roofing products. Mexico is expected to boost solid growth in the fiber cement market as the building construction activity backfires from the losses. 

As per the Brazilian Chamber of the Construction Industry (CBIC), the Brazilian new-build market witnessed a very busy first half of 2021. Moreover, the sales of the new apartments rose by 46.5% annually. 

The Middle East and Africa is anticipated to exhibit sluggish growth over the accessed period. 

Top key players in Fiber Cement Market

  1. James Hardie (Ireland)
  2. Toray Corporation (Japan)
  3. Etex Corporation (Belgium)
  4. Nichiha Corporation (Japan) and Others are some key players operating in the fiber cement market. 

COVID-19 Impact on Fiber Cement Market

The novel coronavirus (COVID-19) has negatively impacted the fiber cement market. Due to the pandemic crisis, nations across the globe have imposed a lockdown with travel bans and the cancelation of flights. The residential sector majorly experienced a negative fall during the crisis period. To the post-2020, the industry for fiber cement market has started recovering and is projected to record a stable growth during the foretold period.

The continuous and quick rise of COVID has resulted in an adverse impact on construction activities globally, affecting the complete fiber cement market. The construction and building materials sector has experienced a fall in trade conditions caused by the government regulations on the international movement of goods in many parts of the world.

Recent Market Developments

  • On January 21, 2020, James Hardie Building Products Inc. expanded the distribution of its HardieBacker Cement Board with HydroDefense Technology.
  • On February 01, 2022, Nichiha broadcasted the launch of Corbosa. The new Corbosa is adding to its concrete series line of fiber cement cladding products.

Fiber Cement Market - Forecast (2021 - 2026)

Chapter 1. Fiber Cement Market  – Scope & Methodology

1.1. Market Segmentation

1.2. Assumptions

1.3. Research Methodology

1.4. Primary Sources

1.5. Secondary Sources

Chapter 2. Fiber Cement Market  – Executive Summary

2.1. Market Size & Forecast – (2021 – 2026) ($M/$Bn)

2.2. Key Trends & Insights

2.3. COVID-19 Impact Analysis

                2.3.1. Impact during 2021 - 2026

                2.3.2. Impact on Supply – Demand

                2.3.3. Impact on Production Cost

                2.3.4. Impact on Supply Chain

Chapter 3. Fiber Cement Market  – Competition Scenario

3.1. Market Share Analysis

3.2. Product Benchmarking

3.3. Competitive Strategy & Development Scenario

3.4. Competitive Pricing Analysis

3.5. Supplier - Distributor Analysis

Chapter 4. Fiber Cement Market  Entry Scenario

4.1. Case Studies – Start-up/Thriving Companies

4.2. Regulatory Scenario - By Region

4.3  Customer Analysis

4.4. Porters Five Force Model

                4.4.1. Bargaining Power of Suppliers

                4.4.2. Bargaining Powers of Customers

                4.4.3. Threat of New Entrants

                4.4.4. Rivalry among Existing Players

                4.4.5. Threat of Substitutes

Chapter 5. Fiber Cement Market  - Landscape

5.1. Value Chain Analysis – Key Stakeholders Impact Analysis

5.2. Market Drivers

5.3. Market Restraints/Challenges

5.4. Market Opportunities

Chapter 6. Fiber Cement Market – By Application

6.1. Siding

6.2. Roofing

6.3. Flooring

6.4. Molding & Trim

6.5. Inner Lining

6.6. Fire & Acoustic Walls

6.7. Partition Wall

6.8. Others

Chapter 7 . Fiber Cement Market  – By Raw Materials

7.1. Cellulosic Fiber

7.2. Portland Cement

7.3. Silica

Chapter 8 . Fiber Cement Market  – By End-User

8.1. Residential

8.2. Non-Residential

Chapter 9. Fiber Cement Market , By Geography – Market Size, Forecast, Trends & Insights

9.1. North America

                9.1.1. U.S.A

                9.1.2. Canada

                9.1.3. Mexico

9.2. Europe

                9.2.1. Italy

                9.2.2. Spain

                9.2.3. Russia

                9.2.4. Germany

                9.2.5. UK

                9.2.6. France

                9.2.7. Rest of Europe

9.3. Asia Pacific

                9.3.1. Japan

                9.3.2. South Korea

                9.3.3. China

                9.3.4. India

                9.3.5. Australia & New Zealand

                9.3.6. Rest of Asia-Pacific

9.4. Rest of the World

                9.4.1. Middle East

                9.4.2. Africa

                9.4.3. South America

Chapter 10. Fiber Cement Market  – Company Profiles – (Overview, Product Portfolio, Financials, Developments)

10.1. Company 1

10.2. Company 2

10.3. Company 3

10.4. Company 4

10.5. Company 5

10.6. Company 6

10.7. Company 7

10.8. Company 8

10.9. Company 9

10.10. Company 10

  • Primary & Secondary Sources to Collect & Validate Data

  • Utilization of Both Top Down & Bottom Up Approach

  • Holistic Research Methodology

Scope & Introductory Research

In the initial stage of research, the scope for market is defined. In order to better understanding of the market, secondary focus is on different segmentations of the market. Preliminary research involves identifying key data points related to the market under consideration to estimate the market sizes to the best extent.​

Data Collection 

Based on the scope of the market and the key data points, a number of secondary sources are considered. This data collection stage consists of a team of analysts who gather data from various secondary resources, accessing proprietary databases and primary research by reaching out to key market participants and opinion leaders. ​

Data Fusion

At this stage, collected data using several sources is arranged in structured format. The sources include industry participants, in-house models, key opinion leaders in the market ecosystem and databases. Historical data trends are established at this point, and compared to the current scenario. Based on the macro- and micro-factor prevailing in various geographies, proprietary data models are used to analyze key market countries. Key players in this market are listed based on their capabilities in revenue, sales, and development. The study also involves the identification of companies in the category of 'new entrants' and their potential effects on the market.

Data Analysis

At this stage, the analyst team moves on to understand how the market has changed over the years. The total size of the market is gathered after an study of different business segments and end-users is done. An impact research is also done to see what factors will/may influence the market in the years ahead. The effect of various variables on the industry is often taken into account when forecasting market sizes.

Verification ​

Data verification is conducted at all research levels, however this stage is dedicated to more rigorous checking of the data points. At this stage, the estimated data is triangulated with company revenues and checked with industry experts including several senior executives and key opinion leaders in the market. The data is then summarized, and the findings are derived from the same for the report. ​

Quality Assurance & Report Preparation​

Holistic research methodology is followed with combination of Top Down and Bottom Up approach to undertake the estimation and forecasting task in order to ensure quality of data. At this stage of the research process, a dedicated QA team checks the data and approves after several predefined checks. Each section is checked and questioned to make the report accurate and reliable. In case of discrepancy, a team of analysts reviews the issue, and the whole process is repeated again. That significantly improves the report's quality. After approval, all the parts of the report are brought together and is formatted by highly trained team thus making it ready to dispatch.​

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