Fiber Cement Market Share, Industry Growth, Trend, Drivers, Challenges, Key Companies by 2027
The fiber cement market is estimated to reach value of USD 21.40 Billion by 2027, according to a current analysis by Emergen Research. The key factors driving the market include durable nature of fiber cement, prohibition on the usage of asbestos, and increase in the demand for fiber cement in construction activities.Fiber cement siding is considered to have a longer lifespan compared to other materials used in construction. Fiber cement siding is used extensively not only by home-owners but also by builders and contractors. As per a recent study by the University of Minnesota, fiber cement is considered the best combination of low cost, high durability, and less impact on the environment.
The report contains extensive analysis of the market in light of the ongoing COVID-19 impact. The pandemic has affected the economic landscape of the world dynamically. The report focuses on the recent trends, major challenges and opportunities, and limitations pertaining to the ongoing pandemic. The report also discusses the present and future impact of the COVID-19 outbreak.
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Key players operating in the market are James Hardie Industries Plc., CSR Limited, Etex Group NV, Alpha Roofing Industries LLC, Toray Corporation, Shandong Cement, American Fiber Cement Corporation, Nichiha Corporation, Cembrit Holding A/S, and Swiss Pearl
Market Scope:
One of the report’s central components is the broad Fiber Cement market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Fiber Cement market players.
Valuable Market Insights:
• The report highlights the latest trends observed in the consumption pattern of each regional segment.
• Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
• The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Fiber Cement market.
• The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
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Further key findings from the report suggest:
• In April 2018, James Hardie Industries Plc. acquired XI (DL) Holdings GmbH and its subsidiaries, including Fermacell GmbH, from Xella International S.A. James Hardie Industries Plc is a global building materials company and one of the largest manufacturers of fiber cement globally.
• Based on application, the market has been classified into flooring, siding, wall partitions, molding & trim, and roofing. The siding segment is projected to expand at a significant rate of 4.2% during the forecast period. Siding is durable, fireproof, and insect resistant. Also, it performs extra-ordinarily during any natural calamity.
• North America is projected to dominate the global fiber cement market during the forecast period. The strict rules and regulations regarding prohibition on usage of asbestos as a material in the construction sector have played a role of driving factor for the market in the region. The U.S. is expected to lead the market in the region during the forecast period.
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For this report, Emergen Research has segmented the global fiber cement market based on application, material, end-user, and region:
• Application Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–2027)
o Flooring
o Siding
o Wall Partitions
o Molding & Trim
o Roofing
• Material Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–2027)
o Cellulosic Fiber
o Portland Cement
o Silica
• End-user Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–2027)
o Residential
o Non-residential
• Regional Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–2027)
o North America
1. U.S.
2. Canada
o Europe
1. Russia
2. U.K.
3. Germany
4. France
5. BENELUX
o Asia Pacific
1. China
2. Japan
3. India
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. Israel
4. Rest of MEA
Elucidating the competitive landscape of the Global Fiber Cement Market:
• The global Fiber Cement market report offers viable insights into the competitive spectrum of the Fiber Cement business sphere.
• The report systematically profiles the company information of each market player.
• It identifies the estimated industry share, production facilities, development prospects, and geographies served by each market player.
• The study showcases the extensive product portfolios of the prominent market contenders.
• It offers critical data & information about the product application scope and the end-user landscape.
• The study provides salient information about the pricing models of the products offered by these companies. Moreover, it determines the gross profits and losses experienced by them throughout their market tenures.
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