Fiber Cement Board Market Industry Analysis and Forecast 2030
Data Bridge Market Research analyses that the Fiber Cement Board Market which was USD 10.27 billion in 2022, would rocket up to USD 15.29 billion by 2030, and is expected to undergo a CAGR of 5.1% during the forecast period of 2023 to 2030.
Industry Analysis
The market is booming due to its durability, water resistance, and waterproof nature. Furthermore, increased construction spending will boost demand, particularly in new housing. Fiber cement board use has grown in high-demand residential, commercial, and industrial industries. Furthermore, the rapid expansion of the residential sector is a factor driving market growth.
“Portland Cement” dominates the raw material segment of the fiber cement board market due to its fundamental role as a binding agent in fiber cement board production.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Fiber cement is also known as reinforced fiber cement and is a composite building material which is used in construction. It is generally composed of Portland cement, fine silica (sand), cellulosic material, and other additives. It includes boards, panels, and siding and are extensively used in the construction of residential and commercial buildings due to its fire and impact-resistant properties. They are also used for exterior wall cladding, partition walls, ceilings, and decorative applications. Fiber cement decorative cladding is generally used for rain screen applications, while fiber cement boards are used in corridors, tunnels, hotel lobbies, shopping malls, and resident
Data Bridge Market Research analyses that the Fiber Cement Board Market which was USD 10.27 billion in 2022, would rocket up to USD 15.29 billion by 2030, and is expected to undergo a CAGR of 5.1% during the forecast period of 2023 to 2030.
Industry Analysis
The market is booming due to its durability, water resistance, and waterproof nature. Furthermore, increased construction spending will boost demand, particularly in new housing. Fiber cement board use has grown in high-demand residential, commercial, and industrial industries. Furthermore, the rapid expansion of the residential sector is a factor driving market growth.
“Portland Cement” dominates the raw material segment of the fiber cement board market due to its fundamental role as a binding agent in fiber cement board production.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Fiber cement is also known as reinforced fiber cement and is a composite building material which is used in construction. It is generally composed of Portland cement, fine silica (sand), cellulosic material, and other additives. It includes boards, panels, and siding and are extensively used in the construction of residential and commercial buildings due to its fire and impact-resistant properties. They are also used for exterior wall cladding, partition walls, ceilings, and decorative applications. Fiber cement decorative cladding is generally used for rain screen applications, while fiber cement boards are used in corridors, tunnels, hotel lobbies, shopping malls, and resident
07:25 AM - Feb 05, 2024 (UTC)
