Fiber Cement Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

Market Overview

The global fiber cement market sales volume is projected to reach 34.2 million tonnes in 2024 and to grow at a compound annual growth rate (CAGR) of 6.4%, reaching 49.7 million tonnes by 2030. This growth is driven by its increasing application in residential construction for both interior and exterior purposes, supported by the expanding residential sector. Fiber cement's exceptional properties, including water and fire resistance, high strength, durability, and stability, contribute to its growing popularity worldwide.

As an eco-friendly alternative to asbestos, fiber cement has gained traction amid stringent regulations limiting asbestos use due to its health hazards. For example, the European Union has banned asbestos in new products, propelling the shift to fiber cement as a safer substitute. Additionally, the global push toward sustainable construction, supported by government initiatives, is fueling market demand. Canada, for instance, promotes green and inclusive community facilities through retrofits and new construction projects. Similarly, developing nations like Mexico are adopting green building practices, leveraging insights from countries like Canada and the U.S. to improve sustainability and health outcomes.

However, the market faces challenges due to health risks associated with fiber cement. Its primary material, silicate minerals, poses potential health hazards such as respiratory issues and cancers with prolonged exposure. Consequently, stringent regulations on material content and handling have increased production complexities and costs, posing a significant restraint on the market's growth.

Key Insights

The siding category holds a 35% share in 2024 due to its cost-effectiveness and advantages, such as resistance to high winds and being lighter than bricks and stone siding.

Fiber cement siding costs USD 5-7 per square foot, compared to USD 7-12 for brick veneer siding, making it an economical choice.

The residential sector drives significant demand for fiber cement siding due to its environmental benefits and low maintenance requirements.

The molding and trimming category is recording the highest CAGR, driven by the increasing use of fiber cement trim boards, known for their weather resilience, rot resistance, and fireproof properties.

The residential category dominates with a 70% share in 2024, and it will have the highest CAGR of 6.7%, driven by higher returns on investment and increasing population.

In the U.S., the use of fiber cement for single-family homes' exterior walls increased from 5% in 2005 to 8% in 2020, showcasing growth potential.

The growing population, projected to reach 11 billion by the century's end, is propelling residential construction worldwide.

Portland cement leads the market in 2024 and is the fastest-growing category, with a 7.2% CAGR, due to regulations limiting silica exposure risks.

APAC is the largest fiber cement market in 2024, with a 45% share, and the fastest growing, with a rate of 7.5% between 2024 and 2030.

Rapid economic growth in APAC, particularly in China and India, is driving fiber cement demand through infrastructure and construction projects.

Rising disposable incomes and foreign investments further boost fiber cement consumption in APAC.

Knowledge of asbestos hazards is increasing the preference for fiber cement in construction across APAC.

China is prioritizing green building projects, such as Suzhou Taihu New City, accommodating 200,000 people with a focus on high-end services.

Infrastructure spending and construction activities in APAC are set to significantly increase fiber cement demand.

Stringent regulations on asbestos and quartz sand, combined with green building trends, contribute to market growth globally.

Product Code: 12324

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by raw material
- 1.4.2. Market size breakdown, by application
- 1.4.3. Market size breakdown, by end user
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Volume, by Raw Material (2019-2030)
6.3. Market Revenue, by Raw Material (2019-2030)
6.4. Market Volume, by Application (2019-2030)
6.5. Market Revenue, by Application (2019-2030)
6.6. Market Volume, by End Use (2019-2030)
6.7. Market Revenue, by End Use (2019-2030)
6.8. Market Volume, by Region (2019-2030)
6.9. Market Revenue, by Region (2019-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Volume, by Raw Material (2019-2030)
7.3. Market Revenue, by Raw Material (2019-2030)
7.4. Market Volume, by Application (2019-2030)
7.5. Market Revenue, by Application (2019-2030)
7.6. Market Volume, by End Use (2019-2030)
7.7. Market Revenue, by End Use (2019-2030)
7.8. Market Volume, by Country (2019-2030)
7.9. Market Revenue, by Country (2019-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Volume, by Raw Material (2019-2030)
8.3. Market Revenue, by Raw Material (2019-2030)
8.4. Market Volume, by Application (2019-2030)
8.5. Market Revenue, by Application (2019-2030)
8.6. Market Volume, by End Use (2019-2030)
8.7. Market Revenue, by End Use (2019-2030)
8.8. Market Volume, by Country (2019-2030)
8.9. Market Revenue, by Country (2019-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Volume, by Raw Material (2019-2030)
9.3. Market Revenue, by Raw Material (2019-2030)
9.4. Market Volume, by Application (2019-2030)
9.5. Market Revenue, by Application (2019-2030)
9.6. Market Volume, by End Use (2019-2030)
9.7. Market Revenue, by End Use (2019-2030)
9.8. Market Volume, by Country (2019-2030)
9.9. Market Revenue, by Country (2019-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Volume, by Raw Material (2019-2030)
10.3. Market Revenue, by Raw Material (2019-2030)
10.4. Market Volume, by Application (2019-2030)
10.5. Market Revenue, by Application (2019-2030)
10.6. Market Volume, by End Use (2019-2030)
10.7. Market Revenue, by End Use (2019-2030)
10.8. Market Volume, by Country (2019-2030)
10.9. Market Revenue, by Country (2019-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Volume, by Raw Material (2019-2030)
11.3. Market Revenue, by Raw Material (2019-2030)
11.4. Market Volume, by Application (2019-2030)
11.5. Market Revenue, by Application (2019-2030)
11.6. Market Volume, by End Use (2019-2030)
11.7. Market Revenue, by End Use (2019-2030)
11.8. Market Volume, by Country (2019-2030)
11.9. Market Revenue, by Country (2019-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Volume, by Raw Material (2019-2030)
12.3. Market Revenue, by Raw Material (2019-2030)
12.4. Market Volume, by Application (2019-2030)
12.5. Market Revenue, by Application (2019-2030)
12.6. Market Volume, by End Use (2019-2030)
12.7. Market Revenue, by End Use (2019-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Volume, by Raw Material (2019-2030)
13.3. Market Revenue, by Raw Material (2019-2030)
13.4. Market Volume, by Application (2019-2030)
13.5. Market Revenue, by Application (2019-2030)
13.6. Market Volume, by End Use (2019-2030)
13.7. Market Revenue, by End Use (2019-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Volume, by Raw Material (2019-2030)
14.3. Market Revenue, by Raw Material (2019-2030)
14.4. Market Volume, by Application (2019-2030)
14.5. Market Revenue, by Application (2019-2030)
14.6. Market Volume, by End Use (2019-2030)
14.7. Market Revenue, by End Use (2019-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Volume, by Raw Material (2019-2030)
15.3. Market Revenue, by Raw Material (2019-2030)
15.4. Market Volume, by Application (2019-2030)
15.5. Market Revenue, by Application (2019-2030)
15.6. Market Volume, by End Use (2019-2030)
15.7. Market Revenue, by End Use (2019-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Volume, by Raw Material (2019-2030)
16.3. Market Revenue, by Raw Material (2019-2030)
16.4. Market Volume, by Application (2019-2030)
16.5. Market Revenue, by Application (2019-2030)
16.6. Market Volume, by End Use (2019-2030)
16.7. Market Revenue, by End Use (2019-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Volume, by Raw Material (2019-2030)
17.3. Market Revenue, by Raw Material (2019-2030)
17.4. Market Volume, by Application (2019-2030)
17.5. Market Revenue, by Application (2019-2030)
17.6. Market Volume, by End Use (2019-2030)
17.7. Market Revenue, by End Use (2019-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Volume, by Raw Material (2019-2030)
18.3. Market Revenue, by Raw Material (2019-2030)
18.4. Market Volume, by Application (2019-2030)
18.5. Market Revenue, by Application (2019-2030)
18.6. Market Volume, by End Use (2019-2030)
18.7. Market Revenue, by End Use (2019-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Volume, by Raw Material (2019-2030)
19.3. Market Revenue, by Raw Material (2019-2030)
19.4. Market Volume, by Application (2019-2030)
19.5. Market Revenue, by Application (2019-2030)
19.6. Market Volume, by End Use (2019-2030)
19.7. Market Revenue, by End Use (2019-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Volume, by Raw Material (2019-2030)
20.3. Market Revenue, by Raw Material (2019-2030)
20.4. Market Volume, by Application (2019-2030)
20.5. Market Revenue, by Application (2019-2030)
20.6. Market Volume, by End Use (2019-2030)
20.7. Market Revenue, by End Use (2019-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Volume, by Raw Material (2019-2030)
21.3. Market Revenue, by Raw Material (2019-2030)
21.4. Market Volume, by Application (2019-2030)
21.5. Market Revenue, by Application (2019-2030)
21.6. Market Volume, by End Use (2019-2030)
21.7. Market Revenue, by End Use (2019-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Volume, by Raw Material (2019-2030)
22.3. Market Revenue, by Raw Material (2019-2030)
22.4. Market Volume, by Application (2019-2030)
22.5. Market Revenue, by Application (2019-2030)
22.6. Market Volume, by End Use (2019-2030)
22.7. Market Revenue, by End Use (2019-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Volume, by Raw Material (2019-2030)
23.3. Market Revenue, by Raw Material (2019-2030)
23.4. Market Volume, by Application (2019-2030)
23.5. Market Revenue, by Application (2019-2030)
23.6. Market Volume, by End Use (2019-2030)
23.7. Market Revenue, by End Use (2019-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Volume, by Raw Material (2019-2030)
24.3. Market Revenue, by Raw Material (2019-2030)
24.4. Market Volume, by Application (2019-2030)
24.5. Market Revenue, by Application (2019-2030)
24.6. Market Volume, by End Use (2019-2030)
24.7. Market Revenue, by End Use (2019-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Volume, by Raw Material (2019-2030)
25.3. Market Revenue, by Raw Material (2019-2030)
25.4. Market Volume, by Application (2019-2030)
25.5. Market Revenue, by Application (2019-2030)
25.6. Market Volume, by End Use (2019-2030)
25.7. Market Revenue, by End Use (2019-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Volume, by Raw Material (2019-2030)
26.3. Market Revenue, by Raw Material (2019-2030)
26.4. Market Volume, by Application (2019-2030)
26.5. Market Revenue, by Application (2019-2030)
26.6. Market Volume, by End Use (2019-2030)
26.7. Market Revenue, by End Use (2019-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Volume, by Raw Material (2019-2030)
27.3. Market Revenue, by Raw Material (2019-2030)
27.4. Market Volume, by Application (2019-2030)
27.5. Market Revenue, by Application (2019-2030)
27.6. Market Volume, by End Use (2019-2030)
27.7. Market Revenue, by End Use (2019-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Volume, by Raw Material (2019-2030)
28.3. Market Revenue, by Raw Material (2019-2030)
28.4. Market Volume, by Application (2019-2030)
28.5. Market Revenue, by Application (2019-2030)
28.6. Market Volume, by End Use (2019-2030)
28.7. Market Revenue, by End Use (2019-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. Cembrit Holding A/S
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. Evonik Industries AG
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. Etex Group NV
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. The Siam Cement Public Company Limited
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. James Hardie Industries PLC
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. Compagnie De Saint Gobain SA
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. Toray Industries Inc.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. CSR Limited
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. Nichiha Corporation
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. Plycem Corporation
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. ELEMENTIA MATERIALES SAB DE CV
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
30.12. Dow Inc.
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports

Fiber Cement Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)