Market Research Future Published a Half-Cooked Research Report on Global Fiber Cement Market Research Report- Forecast to 2023
Global Fiber Cement Market is making quite a stride witnessing continual revenue increase. The burgeoning construction industry is a key driving force behind the growth of the market, consuming a massive amount of Fiber Cement. Moreover, the increasing absorption of Fiber Cement in the manufacturing of siding & trim products accelerates the market demand, significantly.
The increase in the consumption of reinforced Fiber Cement products such as boards and panels in the construction of residential and commercial buildings attributes to fire and impact resistant properties that the material demonstrates. Owing to its easy recyclability, high strength, and durability, this composite building material has become an important material in modern construction.
As a result, Global Fiber Cement Market is growing dynamically. According to Market Research Future (MRFR), Global Fiber Cement Market is projected to accrue exponentially by 2023, registering an impressive CAGR throughout the review period (2018-2023). Rising government initiatives such as smart city projects and infrastructure development activities are the major tailwinds for the growth of the market.
Additionally, the ever-increasing population, alongside the urbanization & industrialization provides a huge impetus to the growth of the Fiber Cement Market. The rapidly improving global economy is propelling the market growth, increasing the purchasing power of people. Besides, the structural safety that Fiber Cement offers to large-scale construction projects fosters the growth of the market.
Conversely, factors such as fluctuating prices and the demand-supply gap in raw materials needed for the manufacturing of Fiber Cement are projected to hamper the growth of the market during the forecast period. Nevertheless, advances in manufacturing techniques that are likely to take place in the recent future are expected to support the growth throughout the review period, reducing the overall market price of the Fiber Cement.
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Global Fiber Cement Market – Segments
Five Major Dynamics the report has segmented into are.
By Material: Portland cement, Cellulosic Material, sand, and others.
By Product: Boards, Panels, Siding, andothers.
By Application: Flooring, Cladding, Inner Lining, Partition Wall, Acoustic Walls, Ceilings, Molding & Trim, andothers.
By End-User: Residential, Non-Residential, andothers.
By Regions: Europe, Americas, Asia Pacific, Middle East & Africa, and Rest-of-the-World.
Global Fiber Cement Market – Competitive Analysis
The well-established, Fiber Cement Market appears to be highly competitive and fragmented due to the presence of major players. To gain a larger competitive share of the market, these players adopt strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product/ technology launch.
Focusing on improving their market performance, key companies are acquiring small yet promising companies from the emerging regions to support their expansion strategy. Leading Players make substantial investments to increase their footprints. They acquire promising companies from emerging markets to expand their production capacity, distribution network, and supply chain.
Players Driving the Global Fiber Cement Market include Shandong Cement (China), Alpha Roofing Industries, LLC (US), James Hardie Industries PLC (Ireland), CSR Limited (Australia), American Fiber Cement Corporation (US), Cembrit Holding A/S (Denmark), Toray Industries Inc. (Japan), Etex Group NV (Belgium), Allura (US), GAF (US), and Nichiha (Japan), among others.
Industry/ Innovation/ Related News:
February 24, 2020 —- James Hardie Industries plc. (Ireland), a leading global building materials company, announced the
expansion of its Frederickson facility to increase the production capacity to keep pace with continued growth in the market demand. In 2018, the manufacturer of Fiber-Cement siding & trim products had topped the Economic Development Board of Tacoma-Pierce County’s list of fastest-growing companies.
Browse Key Industry Insights spread across 142 pages with 59 market data tables & 19 figures & charts from the report, “Fiber Cement Market Information: By Material (Cellulosic Material, Portland Cement), Product (Boards, Panels, Siding), Application (Cladding, Flooring, Inner Lining, Partition Wall), End User (Residential, Non-Residential) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2023” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/fiber-cement-market-874
Global Fiber Cement Market – Regional Analysis
Asia Pacific holds the largest share in the Global Fiber Cement Market due to the burgeoning construction sector in the region. With the rising demand from the construction industry, the region is expected to continue its dominance throughout the forecast period. Rising numbers of infrastructure development projects led by substantial government funding create huge market demand in the region. Moreover, commercial and residential building construction projects drive the growth of the market dramatically.
Attracted by its raw material advantage, cost-competitive workforce, and favorable regulations for Fiber Cement production, many manufacturers from the developed regions are shifting their production bases to the APAC. This further provides an enormous impetus to the regional market growth, increasing foreign investments, and numbers of production plants. The APAC Fiber Cement Market is expected to grow at a significant CAGR over the next five years.
Fiber Cement Market in North America and the Middle East & Africa are growing lucratively, following the APAC market closely. The growth in the North American Fiber Cement Market attributes to the construction sector that is witnessing a boom in the upgrade, redevelopment, and renovation activities in the infrastructure in the region.
Moreover, factors such as the high consumption potential, increasing production capacities, and high per capita income drive the growth of the regional market. The US and Canada, backed by the augmenting demand for Fiber Cement, account for major shares in the regional market. The Fiber Cement Market in the Middle Eastern and African region is solely driven by the construction boom in GCC countries.
Substantial investments made by GCC countries such as the UAE and Saudi Arabia to drive residential & commercial construction projects would fuel the product demand during the next few years. UAE accounts for the major contributor to the middle eastern Fiber Cement Market, consuming a huge amount of Fiber Cement.
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