Fiber Cement Market Size
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Study Period | 2018 - 2030 |
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Market Volume (2024) | 35.59 Million Tons |
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Market Volume (2030) | 51.18 Million Tons |
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Largest Share by End Use Sector | Residential |
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CAGR (2024 - 2030) | 6.24 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Fiber Cement Market Analysis
The Fiber Cement Market size is estimated at 35.59 million Tons in 2024, and is expected to reach 51.18 million Tons by 2030, growing at a CAGR of 6.24% during the forecast period (2024-2030).
35.59 Million
Market Size in 2024 (Tons)
51.18 Million
Market Size in 2030 (Tons)
1.16 %
CAGR (2018-2023)
6.24 %
CAGR (2024-2030)
Largest Market by Application
43.08 %
volume share, Siding, 2023
With the increasing consumption of fiber cement in residential, commercial, and industrial for siding applications, the segment dominated the market.
Largest Market by End Use Sector
47.13 %
volume share, Residential, 2023
Due to the growing usage of fiber cement in major repairing applications such as siding, roofing, cladding, etc., from apartments, bungalows, and cooperate housing, the residential sector has become the largest consumer.
Largest Market by Region
64.69 %
volume share, Asia-Pacific, 2023
Due to the growing construction industrial activity in the region, coupled with the increasing demand for fiber cement in countries like China, India, Japan, and South Korea, the region has dominated the market.
Fastest Market by Region
6.93 %
Projected CAGR, Middle East and Africa, 2024-2030
Due to growing investments in infrastructure projects, government initiatives, urbanization, and industrialization, the Middle East and Africa region is expected to witness the fastest growth.
Leading Company
38.15 %
market share, James Hardie Building Products Inc., 2022
The company is the largest global manufacturer of fiber cement products, has an extensive product portfolio has in place robust distribution channels, and thus dominates the market.
Global infrastructure construction sector supported by government investments and renewed interest in PPPs, predicted to bolster fiber cement demand
- Fiber cement is widely used in industrial, agricultural, domestic, and residential buildings, mainly in roofing and cladding applications for new constructions and refurbishment projects. In 2022, the global fiber cement market witnessed a decline of 4.75% in volume compared to 2021. A severe coal shortage gripped the world in 2022 and raised the production costs and average selling prices for cement manufacturers, negatively impacting demand. However, in 2023, the market was expected to take a positive upturn and grow by 1.08% in volume compared to 2022 due to various global government propositions aimed at developing the construction sector in different regions.
- Residential construction significantly dominated the global fiber cement market in 2022 and accounted for the largest market share of 15.52 million tons. Moreover, in 2023, affordable housing schemes and the rapidly growing population with higher disposable incomes and significant purchasing power increased the demand for new residential units. The new floor area for residential construction was expected to increase by 903 million square feet in 2023 compared to 2022, and the fiber cement market for residential construction is anticipated to grow by 1.53% in volume during the same period.
- The global fiber cement market for infrastructure construction is estimated to register the fastest CAGR of 7.25% in volume during the forecast period. Owing to the emerging trend of sustainable construction and the increasing focus on enhancing connectivity through roads, airports, railways, etc., through private-public partnerships (PPPs), global infrastructure spending is predicted to increase by USD 423.12 billion in 2030 compared to 2022. Thereby, raising fiber cement demand for numerous infrastructure projects globally.
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Fast-paced construction activities in the Middle East & Africa and Asia-Pacific countries predicted to bolster the demand for fiber cement
- Fiber cement plays a pivotal role in various building sectors, finding extensive use in industrial, agricultural, domestic, and residential structures, particularly for roofing and cladding applications. In 2022, the global fiber cement market witnessed a 4.75% decline in volume over the previous year. This dip was attributed to surging inflation, soaring raw material costs, and an impending economic downturn. These challenges led to a pullback in construction investments and project delays, dampening the demand for fiber cement. However, a rebound is anticipated in 2023, with the European fiber cement market poised to lead the global market, projecting a robust 7.49% growth in volume over 2022.
- Asia-Pacific held a commanding position in the global fiber cement market in 2022, capturing a significant 66% share of the volume. Notably, countries like China, Japan, and India exerted substantial influence on fiber cement demand. China's investment in transport infrastructure surged to USD 165.6 billion in 2022, up from USD 157.6 billion in 2021. Japan witnessed a surge in manufacturing facility constructions, while India focused on bolstering its connectivity through road, rail, and highway projects, all bolstering the construction sector.
- The Middle East & Africa is set to witness the highest growth in the global fiber cement market, with a projected CAGR of 7.05% in volume. Following closely is the Asia-Pacific, which is expected to record a CAGR of 6.78% in volume during the forecast period. Robust government funding and foreign direct investments are fueling high-investment projects, which, in turn, are expected to drive residential, infrastructure, and commercial construction activities, thereby bolstering the demand for fiber cement over the coming years.
Global Fiber Cement Market Trends
Asia-Pacific's surge in large-scale office building projects is set to elevate the global floor area dedicated to commercial construction
- In 2022, the global new floor area for commercial construction witnessed a modest growth of 0.15% from the previous year. Europe stood out with a significant surge of 12.70%, driven by a push for high-energy-efficient office buildings to align with its 2030 carbon emission targets. As employees returned to offices, European companies, resuming lease decisions, spurred the construction of 4.5 million square feet of new office space in 2022. This momentum is poised to persist in 2023, with a projected global growth rate of 4.26%.
- The COVID-19 pandemic caused labor and material shortages, leading to cancellations and delays in commercial construction projects. However, as lockdowns eased and construction activities resumed, the global new floor area for commercial construction surged by 11.11% in 2021, with Asia-Pacific taking the lead with a growth rate of 20.98%.
- Looking ahead, the global new floor area for commercial construction is set to achieve a CAGR of 4.56%. Asia-Pacific is anticipated to outpace other regions, with a projected CAGR of 5.16%. This growth is fueled by a flurry of commercial construction projects in China, India, South Korea, and Japan. Notably, major Chinese cities like Beijing, Shanghai, Hong Kong, and Taipei are gearing up for an uptick in Grade A office space construction. Additionally, India is set to witness the opening of approximately 60 shopping malls, spanning 23.25 million square feet, in its top seven cities between 2023 and 2025. Collectively, these endeavors across Asia-Pacific are expected to add a staggering 1.56 billion square feet to the new floor area for commercial construction by 2030, compared to 2022.
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South America's estimated fastest growth in residential constructions due to increasing government investments in schemes for affordable housing to boost the global residential sector
- In 2022, the global new floor area for residential construction declined by around 289 million square feet compared to 2021. This can be attributed to the housing crisis generated due to the shortage of land, labor, and unsustainably high construction materials prices. This crisis severely impacted Asia-Pacific, where the new floor area declined 5.39% in 2022 compared to 2021. However, a more positive outlook is expected in 2023 as the global new floor area is predicted to grow by 3.31% compared to 2022, owing to government investments that can finance the construction of new affordable homes capable of accommodating 3 billion people by 2030.
- The COVID-19 pandemic caused an economic slowdown, due to which many residential construction projects got canceled or delayed, and the global new floor area declined by 4.79% in 2020 compared to 2019. As the restrictions were lifted in 2021 and pent-up demand for housing projects was released, new floor area grew 11.22% compared to 2020, with Europe having the highest growth of 18.28%, followed by South America, which rose 17.36% in 2021 compared to 2020.
- The global new floor area for residential construction is expected to register a CAGR of 3.81% during the forecast period, with South America predicted to develop at the fastest CAGR of 4.05%. Schemes and initiatives like the Minha Casa Minha Vida in Brazil announced in 2023 with a few regulatory changes, for which the government plans an investment of USD 1.98 billion to provide affordable housing units for low-income families, and the FOGAES in Chile also publicized in 2023, with an initial investment of USD 50 million, are aimed at providing mortgage loans to families for affordable housing and will encourage the construction of new residential units.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Surging energy investments in Asia-Pacific are set to bolster the global expansion of industrial construction
- Projections indicate that the growing number of private-public partnerships in infrastructure construction across Asia-Pacific will contribute to a notable surge in global infrastructure spending
Fiber Cement Industry Overview
The Fiber Cement Market is fairly consolidated, with the top five companies occupying 70.43%. The major players in this market are ELEMENTIA MATERIALES, SAB DE CV, Etex Group, James Hardie Building Products Inc., NICHIHA Co.,Ltd and SCG (sorted alphabetically).
Fiber Cement Market Leaders
ELEMENTIA MATERIALES, SAB DE CV
Etex Group
James Hardie Building Products Inc.
NICHIHA Co.,Ltd
SCG
Other important companies include CSR Limited, HIL Limited, Saint-Gobain, SHERA Public Company Limited, Swisspearl Group AG.
*Disclaimer: Major Players sorted in alphabetical order.
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Fiber Cement Market News
- October 2023: James Hardie Building Products Inc. partnered with D.R. Horton, Inc., the largest homebuilder in the United States, to provide premier quality and innovative fiber cement solutions to home construction across the United States.
- June 2023: Saint-Gobain has entered into a definitive agreement to acquire Hume Cemboard Industries Sdn Bhd (HCBI), a manufacturer of fiber cement boards for façades, partitions, and ceilings, to expand its growth by enriching its range of solutions for light and sustainable construction in Malaysia.
- April 2023: BlueLinx Holdings Inc., a leading wholesale distributor of building products in the United States, and Allura USA, a subsidiary of Elementia Materiales, announced the expansion of their distribution partnership to maintain growth in the highly competitive landscape of fiber cement siding, trim, and accessories.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on newly built floor area, infrastructural spending, and existing construction floor area across residential, commercial, industrial and institutional sectors.
Fiber Cement Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 End Use Sector Trends
- 4.1.1 Commercial
- 4.1.2 Industrial and Institutional
- 4.1.3 Infrastructure
- 4.1.4 Residential
- 4.2 Major Infrastructure Projects (current And Announced)
- 4.3 Regulatory Framework
- 4.4 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)
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5.1 End Use Sector
- 5.1.1 Commercial
- 5.1.2 Industrial and Institutional
- 5.1.3 Infrastructure
- 5.1.4 Residential
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5.2 Application
- 5.2.1 Cladding
- 5.2.2 Molding and Trimming
- 5.2.3 Roofing
- 5.2.4 Siding
- 5.2.5 Other Applications
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5.3 Region
- 5.3.1 Asia-Pacific
- 5.3.1.1 By Country
- 5.3.1.1.1 Australia
- 5.3.1.1.2 China
- 5.3.1.1.3 India
- 5.3.1.1.4 Indonesia
- 5.3.1.1.5 Japan
- 5.3.1.1.6 Malaysia
- 5.3.1.1.7 South Korea
- 5.3.1.1.8 Thailand
- 5.3.1.1.9 Vietnam
- 5.3.1.1.10 Rest of Asia-Pacific
- 5.3.2 Europe
- 5.3.2.1 By Country
- 5.3.2.1.1 France
- 5.3.2.1.2 Germany
- 5.3.2.1.3 Italy
- 5.3.2.1.4 Russia
- 5.3.2.1.5 Spain
- 5.3.2.1.6 United Kingdom
- 5.3.2.1.7 Rest of Europe
- 5.3.3 Middle East and Africa
- 5.3.3.1 By Country
- 5.3.3.1.1 Saudi Arabia
- 5.3.3.1.2 United Arab Emirates
- 5.3.3.1.3 Rest of Middle East and Africa
- 5.3.4 North America
- 5.3.4.1 By Country
- 5.3.4.1.1 Canada
- 5.3.4.1.2 Mexico
- 5.3.4.1.3 United States
- 5.3.5 South America
- 5.3.5.1 By Country
- 5.3.5.1.1 Argentina
- 5.3.5.1.2 Brazil
- 5.3.5.1.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 CSR Limited
- 6.4.2 ELEMENTIA MATERIALES, SAB DE CV
- 6.4.3 Etex Group
- 6.4.4 HIL Limited
- 6.4.5 James Hardie Building Products Inc.
- 6.4.6 NICHIHA Co.,Ltd
- 6.4.7 Saint-Gobain
- 6.4.8 SCG
- 6.4.9 SHERA Public Company Limited
- 6.4.10 Swisspearl Group AG
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR CONCRETE, MORTARS AND CONSTRUCTION CHEMICALS CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- FLOOR AREA OF NEW COMMERCIAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 2:
- FLOOR AREA OF NEW INDUSTRIAL AND INSTITUTIONAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 3:
- SPENDING ON INFRASTRUCTURE PROJECTS, USD, GLOBAL, 2018 - 2030
- Figure 4:
- FLOOR AREA OF NEW RESIDENTIAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 5:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, GLOBAL, 2018 - 2030
- Figure 6:
- VOLUME OF FIBER CEMENT CONSUMED BY END USE SECTOR, TONS, GLOBAL, 2018 - 2030
- Figure 7:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 8:
- VOLUME OF FIBER CEMENT CONSUMED IN COMMERCIAL SECTOR, TONS, GLOBAL, 2018 - 2030
- Figure 9:
- VOLUME SHARE OF FIBER CEMENT CONSUMED IN COMMERCIAL SECTOR, BY APPLICATION, %, GLOBAL, 2023 VS 2030
- Figure 10:
- VOLUME OF FIBER CEMENT CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, TONS, GLOBAL, 2018 - 2030
- Figure 11:
- VOLUME SHARE OF FIBER CEMENT CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, BY APPLICATION, %, GLOBAL, 2023 VS 2030
- Figure 12:
- VOLUME OF FIBER CEMENT CONSUMED IN INFRASTRUCTURE SECTOR, TONS, GLOBAL, 2018 - 2030
- Figure 13:
- VOLUME SHARE OF FIBER CEMENT CONSUMED IN INFRASTRUCTURE SECTOR, BY APPLICATION, %, GLOBAL, 2023 VS 2030
- Figure 14:
- VOLUME OF FIBER CEMENT CONSUMED IN RESIDENTIAL SECTOR, TONS, GLOBAL, 2018 - 2030
- Figure 15:
- VOLUME SHARE OF FIBER CEMENT CONSUMED IN RESIDENTIAL SECTOR, BY APPLICATION, %, GLOBAL, 2023 VS 2030
- Figure 16:
- VOLUME OF FIBER CEMENT CONSUMED BY APPLICATION, TONS, GLOBAL, 2018 - 2030
- Figure 17:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY APPLICATION, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 18:
- VOLUME OF FIBER CEMENT CONSUMED FOR CLADDING, TONS, GLOBAL, 2018 - 2030
- Figure 19:
- VOLUME SHARE OF FIBER CEMENT CONSUMED FOR CLADDING BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 20:
- VOLUME OF FIBER CEMENT CONSUMED FOR MOLDING AND TRIMMING, TONS, GLOBAL, 2018 - 2030
- Figure 21:
- VOLUME SHARE OF FIBER CEMENT CONSUMED FOR MOLDING AND TRIMMING BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 22:
- VOLUME OF FIBER CEMENT CONSUMED FOR ROOFING, TONS, GLOBAL, 2018 - 2030
- Figure 23:
- VOLUME SHARE OF FIBER CEMENT CONSUMED FOR ROOFING BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 24:
- VOLUME OF FIBER CEMENT CONSUMED FOR SIDING, TONS, GLOBAL, 2018 - 2030
- Figure 25:
- VOLUME SHARE OF FIBER CEMENT CONSUMED FOR SIDING BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 26:
- VOLUME OF FIBER CEMENT CONSUMED FOR OTHER APPLICATIONS, TONS, GLOBAL, 2018 - 2030
- Figure 27:
- VOLUME SHARE OF FIBER CEMENT CONSUMED FOR OTHER APPLICATIONS BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 28:
- VOLUME OF FIBER CEMENT CONSUMED BY REGION, TONS, GLOBAL, 2018 - 2030
- Figure 29:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY REGION, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 30:
- VOLUME OF FIBER CEMENT CONSUMED BY COUNTRY, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 31:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 32:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, AUSTRALIA, 2018 - 2030
- Figure 33:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, AUSTRALIA, 2023 VS 2030
- Figure 34:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, CHINA, 2018 - 2030
- Figure 35:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, CHINA, 2023 VS 2030
- Figure 36:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, INDIA, 2018 - 2030
- Figure 37:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, INDIA, 2023 VS 2030
- Figure 38:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, INDONESIA, 2018 - 2030
- Figure 39:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, INDONESIA, 2023 VS 2030
- Figure 40:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, JAPAN, 2018 - 2030
- Figure 41:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, JAPAN, 2023 VS 2030
- Figure 42:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, MALAYSIA, 2018 - 2030
- Figure 43:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, MALAYSIA, 2023 VS 2030
- Figure 44:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, SOUTH KOREA, 2018 - 2030
- Figure 45:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, SOUTH KOREA, 2023 VS 2030
- Figure 46:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, THAILAND, 2018 - 2030
- Figure 47:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, THAILAND, 2023 VS 2030
- Figure 48:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, VIETNAM, 2018 - 2030
- Figure 49:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, VIETNAM, 2023 VS 2030
- Figure 50:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, REST OF ASIA-PACIFIC, 2018 - 2030
- Figure 51:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 52:
- VOLUME OF FIBER CEMENT CONSUMED BY COUNTRY, TONS, EUROPE, 2018 - 2030
- Figure 53:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY COUNTRY, %, EUROPE, 2018 VS 2023 VS 2030
- Figure 54:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, FRANCE, 2018 - 2030
- Figure 55:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, FRANCE, 2023 VS 2030
- Figure 56:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, GERMANY, 2018 - 2030
- Figure 57:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, GERMANY, 2023 VS 2030
- Figure 58:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, ITALY, 2018 - 2030
- Figure 59:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, ITALY, 2023 VS 2030
- Figure 60:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, RUSSIA, 2018 - 2030
- Figure 61:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, RUSSIA, 2023 VS 2030
- Figure 62:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, SPAIN, 2018 - 2030
- Figure 63:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, SPAIN, 2023 VS 2030
- Figure 64:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, UNITED KINGDOM, 2018 - 2030
- Figure 65:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, UNITED KINGDOM, 2023 VS 2030
- Figure 66:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, REST OF EUROPE, 2018 - 2030
- Figure 67:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, REST OF EUROPE, 2023 VS 2030
- Figure 68:
- VOLUME OF FIBER CEMENT CONSUMED BY COUNTRY, TONS, MIDDLE EAST AND AFRICA, 2018 - 2030
- Figure 69:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY COUNTRY, %, MIDDLE EAST AND AFRICA, 2018 VS 2023 VS 2030
- Figure 70:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, SAUDI ARABIA, 2018 - 2030
- Figure 71:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, SAUDI ARABIA, 2023 VS 2030
- Figure 72:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, UNITED ARAB EMIRATES, 2018 - 2030
- Figure 73:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, UNITED ARAB EMIRATES, 2023 VS 2030
- Figure 74:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, REST OF MIDDLE EAST AND AFRICA, 2018 - 2030
- Figure 75:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, REST OF MIDDLE EAST AND AFRICA, 2023 VS 2030
- Figure 76:
- VOLUME OF FIBER CEMENT CONSUMED BY COUNTRY, TONS, NORTH AMERICA, 2018 - 2030
- Figure 77:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY COUNTRY, %, NORTH AMERICA, 2018 VS 2023 VS 2030
- Figure 78:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, CANADA, 2018 - 2030
- Figure 79:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, CANADA, 2023 VS 2030
- Figure 80:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, MEXICO, 2018 - 2030
- Figure 81:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, MEXICO, 2023 VS 2030
- Figure 82:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, UNITED STATES, 2018 - 2030
- Figure 83:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, UNITED STATES, 2023 VS 2030
- Figure 84:
- VOLUME OF FIBER CEMENT CONSUMED BY COUNTRY, TONS, SOUTH AMERICA, 2018 - 2030
- Figure 85:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2018 VS 2023 VS 2030
- Figure 86:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, ARGENTINA, 2018 - 2030
- Figure 87:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, ARGENTINA, 2023 VS 2030
- Figure 88:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, BRAZIL, 2018 - 2030
- Figure 89:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, BRAZIL, 2023 VS 2030
- Figure 90:
- VOLUME OF FIBER CEMENT CONSUMED, TONS, REST OF SOUTH AMERICA, 2018 - 2030
- Figure 91:
- VOLUME SHARE OF FIBER CEMENT CONSUMED BY END USE SECTOR, %, REST OF SOUTH AMERICA, 2023 VS 2030
- Figure 92:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2020 - 2023
- Figure 93:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2020 - 2023
- Figure 94:
- PRODUCTION CAPACITY SHARE OF FIBER CEMENT BY MAJOR PLAYERS, %, GLOBAL, 2022
Fiber Cement Industry Segmentation
Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Cladding, Molding and Trimming, Roofing, Siding are covered as segments by Application. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.
- Fiber cement is widely used in industrial, agricultural, domestic, and residential buildings, mainly in roofing and cladding applications for new constructions and refurbishment projects. In 2022, the global fiber cement market witnessed a decline of 4.75% in volume compared to 2021. A severe coal shortage gripped the world in 2022 and raised the production costs and average selling prices for cement manufacturers, negatively impacting demand. However, in 2023, the market was expected to take a positive upturn and grow by 1.08% in volume compared to 2022 due to various global government propositions aimed at developing the construction sector in different regions.
- Residential construction significantly dominated the global fiber cement market in 2022 and accounted for the largest market share of 15.52 million tons. Moreover, in 2023, affordable housing schemes and the rapidly growing population with higher disposable incomes and significant purchasing power increased the demand for new residential units. The new floor area for residential construction was expected to increase by 903 million square feet in 2023 compared to 2022, and the fiber cement market for residential construction is anticipated to grow by 1.53% in volume during the same period.
- The global fiber cement market for infrastructure construction is estimated to register the fastest CAGR of 7.25% in volume during the forecast period. Owing to the emerging trend of sustainable construction and the increasing focus on enhancing connectivity through roads, airports, railways, etc., through private-public partnerships (PPPs), global infrastructure spending is predicted to increase by USD 423.12 billion in 2030 compared to 2022. Thereby, raising fiber cement demand for numerous infrastructure projects globally.
| End Use Sector | Commercial | ||
| Industrial and Institutional | |||
| Infrastructure | |||
| Residential | |||
| Application | Cladding | ||
| Molding and Trimming | |||
| Roofing | |||
| Siding | |||
| Other Applications | |||
| Region | Asia-Pacific | By Country | Australia |
| China | |||
| India | |||
| Indonesia | |||
| Japan | |||
| Malaysia | |||
| South Korea | |||
| Thailand | |||
| Vietnam | |||
| Rest of Asia-Pacific | |||
| Region | Europe | By Country | France |
| Germany | |||
| Italy | |||
| Russia | |||
| Spain | |||
| United Kingdom | |||
| Rest of Europe | |||
| Region | Middle East and Africa | By Country | Saudi Arabia |
| United Arab Emirates | |||
| Rest of Middle East and Africa | |||
| Region | North America | By Country | Canada |
| Mexico | |||
| United States | |||
| Region | South America | By Country | Argentina |
| Brazil | |||
| Rest of South America |
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Market Definition
- END-USE SECTOR - Fiber cement consumed in the construction sectors such as commercial, residential, industrial, institutional, and infrastructure are considered under the scope of the study.
- PRODUCT/APPLICATION - Under the scope of the study, the consumption of fiber cement for siding, roofing, cladding molding and trimming, and other applications are considered.
| Keyword | Definition |
|---|---|
| Accelerator | Accelerators are admixtures used to fasten the setting time of concrete by increasing the initial rate and speeding up the chemical reaction between cement and the mixing water. These are used to harden and increase the strength of concrete quickly. |
| Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
| Adhesives | Adhesives are bonding agents used to join materials by gluing. Adhesives can be used in construction for many applications, such as carpet laying, ceramic tiles, countertop lamination, etc. |
| Air Entraining Admixture | Air-entraining admixtures are used to improve the performance and durability of concrete. Once added, they create uniformly distributed small air bubbles to impart enhanced properties to the fresh and hardened concrete. |
| Alkyd | Alkyds are used in solvent-based paints such as construction and automotive paints, traffic paints, flooring resins, protective coatings for concrete, etc. Alkyd resins are formed by the reaction of an oil (fatty acid), a polyunsaturated alcohol (Polyol), and a polyunsaturated acid or anhydride. |
| Anchors and Grouts | Anchors and grouts are construction chemicals that stabilize and improve the strength and durability of foundations and structures like buildings, bridges, dams, etc. |
| Cementitious Fixing | Cementitious fixing is a process in which a cement-based grout is pumped under pressure to fill forms, voids, and cracks. It can be used in several settings, including bridges, marine applications, dams, and rock anchors. |
| Commercial Construction | Commercial construction comprises new construction of warehouses, malls, shops, offices, hotels, restaurants, cinemas, theatres, etc. |
| Concrete Admixtures | Concrete admixtures comprise water reducers, air entrainers, retarders, accelerators, superplasticizers, etc., added to concrete before or during mixing to modify its properties. |
| Concrete Protective Coatings | To provide specific protection, such as anti-carbonation or chemical resistance, a film-forming protective coat can be applied on the surface. Depending on the applications, different resins like epoxy, polyurethane, and acrylic can be used for concrete protective coatings. |
| Curing Compounds | Curing compounds are used to cure the surface of concrete structures, including columns, beams, slabs, and others. These curing compounds keep the moisture inside the concrete to give maximum strength and durability. |
| Epoxy | Epoxy is known for its strong adhesive qualities, making it a versatile product in many industries. It resists heat and chemical applications, making it an ideal product for anyone needing a stronghold under pressure. It is widely used in adhesives, electrical and electronics, paints, etc. |
| Fiber Wrapping Systems | Fiber Wrapping Systems are a part of construction repair and rehabilitation chemicals. It involves the strengthening of existing structures by wrapping structural members like beams and columns with glass or carbon fiber sheets. |
| Flooring Resins | Flooring resins are synthetic materials applied to floors to enhance their appearance, increase their resistance to wear and tear or provide protection from chemicals, moisture, and stains. Depending on the desired properties and the specific application, flooring resins are available in distinct types, such as epoxy, polyurethane, and acrylic. |
| High-Range Water Reducer (Super Plasticizer) | High-range water reducers are a type of concrete admixture that provides enhanced and improved properties when added to concrete. These are also called superplasticizers and are used to decrease the water-to-cement ratio in concrete. |
| Hot Melt Adhesives | Hot-melt adhesives are thermoplastic bonding materials applied as melts that achieve a solid state and resultant strength on cooling. They are commonly used for packaging, coatings, sanitary products, and tapes. |
| Industrial and Institutional Construction | Industrial and institutional construction includes new construction of hospitals, schools, manufacturing units, energy and power plants, etc. |
| Infrastructure Construction | Infrastructure construction includes new construction of railways, roads, seaways, airports, bridges, highways, etc. |
| Injection Grouting | The process of injecting grout into open joints, cracks, voids, or honeycombs in concrete or masonry structural members is known as injection grouting. It offers several benefits, such as strengthening a structure and preventing water infiltration. |
| Liquid-Applied Waterproofing Membranes | Liquid-Applied membrane is a monolithic, fully bonded, liquid-based coating suitable for many waterproofing applications. The coating cures to form a rubber-like elastomeric waterproof membrane and may be applied over many substrates, including asphalt, bitumen, and concrete. |
| Micro-concrete Mortars | Micro-concrete mortar is made up of cement, water-based resin, additives, mineral pigments, and polymers and can be applied on both horizontal and vertical surfaces. It can be used to refurbish residential complexes, commercial spaces, etc. |
| Modified Mortars | Modified Mortars include Portland cement and sand along with latex/polymer additives. The additives increase adhesion, strength, and shock resistance while also reducing water absorption. |
| Mold Release Agents | Mold release agents are sprayed or coated on the surface of molds to prevent a substrate from bonding to a molding surface. Several types of mold release agents, including silicone, lubricant, wax, fluorocarbons, and others, are used based on the type of substrates, including metals, steel, wood, rubber, plastic, and others. |
| Polyaspartic | Polyaspartic is a subset of polyurea. Polyaspartic floor coatings are typically two-part systems that consist of a resin and a catalyst to ease the curing process. It offers high durability and can withstand harsh environments. |
| Polyurethane | Polyurethane is a plastic material that exists in various forms. It can be tailored to be either rigid or flexible and is the material of choice for a broad range of end-user applications, such as adhesives, coatings, building insulation, etc. |
| Reactive Adhesives | A reactive adhesive is made of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Rebar Protectors | In concrete structures, rebar is one of the important components, and its deterioration due to corrosion is a major issue that affects the safety, durability, and life span of buildings and structures. For this reason, rebar protectors are used to protect against degrading effects, especially in infrastructure and industrial construction. |
| Repair and Rehabilitation Chemicals | Repair and Rehabilitation Chemicals include repair mortars, injection grouting materials, fiber wrapping systems, micro-concrete mortars, etc., used to repair and restore existing buildings and structures. |
| Residential Construction | Residential construction involves constructing new houses or spaces like condominiums, villas, and landed homes. |
| Resin Fixing | The process of using resins like epoxy and polyurethane for grouting applications is called resin fixing. Resin fixing offers several advantages, such as high compressive and tensile strength, negligible shrinkage, and greater chemical resistance compared to cementitious fixing. |
| Retarder | Retarders are admixtures used to slow down the setting time of concrete. These are usually added with a dosage rate of around 0.2% -0.6% by weight of cement. These admixtures slow down hydration or lower the rate at which water penetrates the cement particles by making concrete workable for a long time. |
| Sealants | A sealant is a viscous material that has little or no flow qualities, which causes it to remain on surfaces where they are applied. Sealants can also be thinner, enabling penetration to a certain substance through capillary action. |
| Sheet Waterproofing Membranes | Sheet membrane systems are reliable and durable thermoplastic waterproofing solutions that are used for waterproofing applications even in the most demanding below-ground structures, including those exposed to highly aggressive ground conditions and stress. |
| Shrinkage Reducing Admixture | Shrinkage-reducing admixtures are used to reduce concrete shrinkage, whether from drying or self-desiccation. |
| Silicone | Silicone is a polymer that contains silicon combined with carbon, hydrogen, oxygen, and, in some cases, other elements. It is an inert synthetic compound that comes in various forms, such as oil, rubber, and resin. Due to its heat-resistant properties, it finds applications in sealants, adhesives, lubricants, etc. |
| Solvent-borne Adhesives | Solvent-borne adhesives are mixtures of solvents and thermoplastic or slightly cross-linked polymers such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers. |
| Surface Treatment Chemicals | Surface treatment chemicals are chemicals used to treat concrete surfaces, including roofs, vertical surfaces, and others. They act as curing compounds, demolding agents, rust removers, and others. They are cost-effective and can be used on roadways, pavements, parking lots, and others. |
| Viscosity Modifier | Viscosity Modifiers are concrete admixtures used to change various properties of admixtures, including viscosity, workability, cohesiveness, and others. These are usually added with a dosage of around 0.01% to 0.1% by weight of cement. |
| Water Reducer | Water reducers, also called plasticizers, are a type of admixture used to decrease the water-to-cement ratio in the concrete, thereby increasing the durability and strength of concrete. Various water reducers include refined lignosulfonates, gluconates, hydroxycarboxylic acids, sugar acids, and others. |
| Water-borne Adhesives | Water-borne adhesives use water as a carrier or diluting medium to disperse resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a dilutant rather than a volatile organic solvent. |
| Waterproofing Chemicals | Waterproofing chemicals are designed to protect a surface from the perils of leakage. A waterproofing chemical is a protective coating or primer applied to a structure's roof, retaining walls, or basement. |
| Waterproofing Membranes | Waterproofing membranes are liquid-applied or self-adhering layers of water-tight materials that prevent water from penetrating or damaging a structure when applied to roofs, walls, foundations, basements, bathrooms, and other areas exposed to moisture or water. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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