Fiber Cement Market Outlook, Size, Share, Industry Trends, Growth and Business Opportunities
Key players, such as . James Hardie (Ireland), Toray Corporation (Japan), Etex Corporation (Belgium), and Nichiha Corporation (Japan) have adopted these strategies to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the fiber cement market.
Fiber Cement Market Scope
The fiber cement market refers to the industry of manufacturing and selling products made from a mixture of cement, cellulose fibers, and other materials. These products are used for various building and construction applications, such as siding, roofing, and exterior trim. The market for fiber cement has been growing in recent years, driven by factors such as increased demand for durable and low-maintenance building materials, and government regulations promoting energy-efficient buildings. According to the new market research report "Fiber Cement Market by Material (Portland Cement,, Application (Siding, Molding & Trim, Backer boards, Flooring, Roofing, Wall Partitions), End use (Residential, Non-residential) and Region – Global Forecast To 2025", published by MarketsandMarkets™, the global Fiber Cement Market size is projected to grow from USD 16.4billion in 2020 to USD 20.3 billion by 2025, at a CAGR of 4.4% from 2020 to 2025.
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The demand for fiber cement products is expected to grow in the coming years due to the increasing use of these products in construction and renovation projects. Factors such as durability, fire resistance, and low maintenance requirements make fiber cement a popular choice for siding, roofing, and other building applications. Additionally, the growth of the construction industry and the increasing focus on sustainable building materials are also expected to drive the demand for fiber cement. However, the market growth may be hindered by factors such as high cost and lack of awareness about the product among consumers.
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Fiber Cement Market Key Players
- Etex Group NV (Belgium)
- James Hardie Industries PLC (Ireland)
- Evonik Industries AG (Germany)
- Toray Industries Inc (Japan)
- CSR Limited (Australia)
- Nichiha Corporation (Japan)
Acquisitions accounted for the largest share of all the strategic developments that took place in the fiber cement market between 2016 and 2020. Key players such as James Hardie (Ireland), Toray Corporation (Japan), and Etex Corporation (Belgium) adopted these strategies to strengthen their business portfolios and presence in the fiber cement industry.(US).
James Hardie’s strong global presence, coupled with the attractive portfolio of fiber cement, makes it a global player in the fiber cement market. Its expertise in fiber cement building materials, and significant investments in its plants and market development programs have contributed toward its significant position in the market. The adoption of strategic initiatives, e.g., acquisitions, has also contributed to the success of the company. For instance, the acquisition of Fermacell GmbH (Germany) enhanced its fiber cement business in the European market.
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Etex Group is considered to be one of the most popular companies in building construction in Europe and other regions. The company focuses on the manufacturing process of building products and is a global leader in offering dry and lightweight construction solutions. It provides a wide range of construction solutions to the multi-residential, industrial, as well as commercial sectors, and has worldwide operations.
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