- Cellulosic material (Fiber)
- Portland cement
- Sand
- Others
Fiber Cement Market size was valued at USD 17.1 billion in 2022 and is expected to reach USD 23.1 billion by 2029, at a CAGR of 4.4% from 2023 to 2029. 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.
Global Fiber Cement Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
4.4%
Largest Market
Asia Pacific
Fastest Growing Market
North-America
Fiber Cement Market Dynamics
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 Got Significant Share
Fiber Cement Market Regional Analysis
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
Key Features of the Reports
- The fiber cement market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029).
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies.
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Global Fiber Cement Market Segmentation
By Material Type
By Application
- Molding & trim
- Roofing
- Siding
- Others
By End User
- Non-residential
- Residential
Frequently Asked Questions
The fiber cement market size was valued at USD 17.1 billion in 2022.
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).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
| 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 |
- 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)