The Business of Global Fiber Cement Market: Investment Opportunities and Challenges

Global Fiber Cement Market Insights:

According to MarkNtel Advisors, the Global Fiber Cement Market is projected to grow at a CAGR of around 5.6% during the forecast period, i.e., 2023-28. The market is primarily influenced by many advantageous factors, including developing countries getting more exposure to rapidly strengthening urbanization and industrialization.

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Global Fiber Cement Market Definition:

Fiber cement is a composite construction material also acknowledged as reinforced fiber cement and is used mainly in roofing & facade works due to its strength & durability. It has several different benefits, including its low cost, fire resistance, water tightness, lightweight, and termite resistance. These properties of such products are easy to work with and low maintenance, making them the ideal choice for professional builders, designers, & architects. In addition, it is fungi, mold, and bacteria resistant, owing to its durability and ability to be disposed of in landfills. Due to these factors, Fiber cement is claimed to be an extraordinary material being non-vulnerable to the environment.

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Global Fiber Cement Market Driver:

Rising Prominence of Fiber Cement as an alternative to Asbestos in the Construction Industry  - One of the significant key drivers responsible for the expansion of the market includes the rising prominence of fiber cement in the construction industry. Undoubtedly, the product has plenty of benefits to offer to its end users, and the market is projected to follow the footprints of success during 2023-2028. The growth can be attributed to the ban imposed on asbestos cement products. The International Ban Asbestos Secretariat (IBAS) reports that over 60 countries have enacted complete bans on Asbestos due to its well-known health and safety risks.

Global Fiber Cement Market Segmentation:

-By Material

• Cellulosic Material
• Portland Cement
• Sand

-By Application

• Cladding
• Roofing
• Siding
• Molding & Trimming
• Backer Boards
• Wall Partition
• Others

-By End-Users

• Residential
• Non-Residential

-By Fiber Type

• Polypropylene
• PVA
• Lignocellulose
• Carbon
• Others

-By Production Process

• Hatschek Process
• Extrusion Process
• Perlite Process

Global Fiber Cement Market Geographically Analysis:

-By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

 Global Fiber Cement Leading Companies:

• James Hardie Industries PLC (Ireland)
• Allura (US)
• Cembrit Holding A/S (Denmark)
• Etex Group NV (Belgium)
• American Fiber Cement Corporation (US)
• Toray Industries Inc. (Japan)
• Nichiha (Japan)
• Cembrit Holding A/S (Denmark)
• CSR Limited (Australia)
• Elementia

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