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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Fiber Cement Market size was valued at US$ 17.1 billion in 2023 and is expected to reach US$ 23.1 billion by 2030, at a CAGR of 4.4% from 2024 to 2030. Factors such as benefits of fiber cement over alternatives, boom in the construction sector, rapid industrialization, rising disposable incomes of individuals and higher standards of living are propelling the market growth. However, high installation cost and fluctuating raw material prices are limiting the market growth. In addition, high demand for fiber cements from emerging economies provides huge growth.
Fiber cement offers a striking beauty just in the material makeup alone. Compound the natural looks with advanced manufacturing methods and the options for curb appeal aesthetics are bountiful. The increasing number of businesses across the globe is likely to assist construction of commercial buildings, thus expanding the market growth. In the spectrum of siding choices, fiber cement is more expensive, about the same cost as hardboard or composite siding and cheaper than brick and synthetic stucco. Installation of fiber cement board siding is also costly. Labor costs are higher because fiber cement requires more manpower to deliver and install. Cost can be two to three times higher than other siding. Hence, high costs of installations hampers the market growth.
Study Period
2024-2030Base Year
2023CAGR
4.4%Largest Market
Asia PacificFastest Growing Market
North-America
Increasing industrialization and booming construction industry are expected to drive the demand for market in upcoming years. The increasing population and economic conditions in the economies have led to a greater housing transaction and more disposable income which have a direct effect on the market.
As more and more homeowners incorporate green building techniques in combination with style, affordability, and durability one product is rising above its peers in the field fiber cement siding. Fiber cement is a composite of sand, cement, and cellulose fibers which are not only sustainable materials, but ones that withstand the weather, wear, and insects compared to other siding materials.
Asia Pacific accounted for larger revenue share in global fiber cement market with considerable CAGR. The growth in this region is due to rapid growth in the infrastructure sector and rising economy. Also, China is the major contributor for the market growth in the region.
Moreover, North America held significant market share during estimated period owing to presence of severe rules and manufacturing industries.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 17.1 billion |
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Market Size in 2030 |
US$ 23.1 billion |
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Market CAGR |
4.4% |
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By Material Type |
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By Application |
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By End User |
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The global fiber cement market size was valued at US$ 17.1 billion in 2023 projected to grow at CAGR 4.4% from 2024-2030.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The market key players are Allura (US), Alpha Roofing IndustriesLLC (US), American Fiber Cement Corporation (US), Cembrit Holding A/S (Denmark), CSR Limited (Australia), Etex Group NV (Belgium), GAF (US), James Hardie Industries PLC (Ireland), Nichiha (Japan), Shandong Cement (China), Toray Industries Inc. (Japan), Evonik Industries AG (Germany)
| 1. Executive Summary |
| 2. Global Fiber Cement Market Introduction |
| 2.1. Global Fiber Cement Market – Taxonomy |
| 2.2. Global Fiber Cement Market –Definitions |
| 2.2.1. Material Type |
| 2.2.2. End User |
| 2.2.3. Region |
| 3. Global Fiber Cement Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Fiber Cement Market Dynamic Factors - Impact Analysis |
| 3.6. Collaborations, Distribution Agreements, and Acquisitions |
| 4. Global Fiber Cement Market Analysis, 2018 – 2022 and Forecast, 2023 – 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Fiber Cement Market, By Material Type, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 5.1. Portland Cement |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Sand |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Cellulosic Material |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Fiber Cement Market, By End User, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 6.1. Residential |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Agriculture |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Industrial |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Global Fiber Cement Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Fiber Cement Market - Opportunity Analysis Index, By Material Type, End User, and Region, 2023 – 2029 |
| 8. North America Fiber Cement Market Analysis, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 8.1. Material Type Analysis 2018 - 2022 and Forecast 2023 – 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Portland Cement |
| 8.1.2. Sand |
| 8.1.3. Cellulosic Material |
| 8.1.4. Others |
| 8.2. End User Type Analysis, 2013- 2017 and Forecast 2023 – 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Residential |
| 8.2.2. Industrial |
| 8.2.3. Agriculture |
| 8.2.4. Others |
| 8.3. Country Analysis 2017 and Forecast 2023 – 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. U.S. |
| 8.3.2. Canada |
| 8.4. North America Fiber Cement Market - Opportunity Analysis Index, By Material Type, End User, and Country, 2023 – 2029 |
| 8.5. North America Fiber Cement Market Dynamics – Trends |
| 9. Europe Fiber Cement Market Analysis, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 9.1. Material Type Analysis 2018 - 2022 and Forecast 2023 – 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Portland Cement |
| 9.1.2. Sand |
| 9.1.3. Cellulosic Material |
| 9.1.4. Others |
| 9.2. End User Type Analysis, 2013- 2017 and Forecast 2023 – 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Residential |
| 9.2.2. Industrial |
| 9.2.3. Agriculture |
| 9.2.4. Others |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 – 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. Spain |
| 9.3.4. France |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Rest of Europe |
| 9.4. Europe Fiber Cement Market - Opportunity Analysis Index, By Material Type, End User and Country, 2023 – 2029 |
| 9.5. Europe Fiber Cement Market Dynamics – Trends |
| 10. Asia-Pacific Fiber Cement Market Analysis, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 10.1. Material Type Analysis 2018 - 2022 and Forecast 2023 – 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Portland Cement |
| 10.1.2. Sand |
| 10.1.3. Cellulosic Material |
| 10.1.4. Others |
| 10.2. End User Type Analysis, 2013- 2017 and Forecast 2023 – 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Residential |
| 10.2.2. Industrial |
| 10.2.3. Agriculture |
| 10.2.4. Others |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 – 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Fiber Cement Market - Opportunity Analysis Index, By Material Type, End User, and Country, 2023 – 2029 |
| 10.5. Asia-Pacific Fiber Cement Market Dynamics – Trends |
| 11. Latin America Fiber Cement Market Analysis, 2013 - 2013 - 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 11.1. Material Type Analysis 2018 - 2022 and Forecast 2023 – 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Portland Cement |
| 11.1.2. Sand |
| 11.1.3. Cellulosic Material |
| 11.1.4. Others |
| 11.2. End User Type Analysis, 2013- 2017 and Forecast 2023 – 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Residential |
| 11.2.2. Industrial |
| 11.2.3. Agriculture |
| 11.2.4. Others |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 – 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Rest of Latin America |
| 11.4. Latin America Fiber Cement Market - Opportunity Analysis Index, By Material Type, End User, and Country, 2023 – 2029 |
| 11.5. Latin America Fiber Cement Market Dynamics – Trends |
| 12. Middle East and Africa Fiber Cement Market Analysis, 2018 - 2022 and Forecast, 2023 – 2029 (Revenue, USD Mn) |
| 12.1. Material Type Analysis 2018 - 2022 and Forecast 2023 – 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Portland Cement |
| 12.1.2. Sand |
| 12.1.3. Cellulosic Material |
| 12.1.4. Others |
| 12.2. End User Type Analysis, 2013- 2017 and Forecast 2023 – 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Residential |
| 12.2.2. Industrial |
| 12.2.3. Agriculture |
| 12.2.4. Others |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 – 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Saudi Arabia |
| 12.3.2. South Africa |
| 12.3.3. Rest of MEA |
| 12.4. MEA Fiber Cement Market - Opportunity Analysis Index, By Material Type, End User, and Country, 2023 – 2029 |
| 12.5. MEA Fiber Cement Market Dynamics – Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Material Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Nichiha Corporation |
| 13.2.2. Plycem Corporation |
| 13.2.3. Cembrit Holding A/S |
| 13.2.4. Etex Group NV |
| 13.2.5. James Hardie Industries PLC |
| 13.2.6. Evonik Industries AG |
| 13.2.7. Compagnie De Saint Gobain SA |
| 13.2.8. Toray Industries Inc |
| 13.2.9. CSR Limited |
| 13.2.10. The Siam Cement Public Company Limited |
| 13.2.11. Imerys |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.