Increasing use of fibre cement boards in harsh environment conditions, the requirement of non-flammable fibre boards, and ease of transportation are some of the propelling factors poised to influence the global fibre cement market, according to a business intelligence report published by IndustryARC. As per the findings of the report, the fibre cement market is evaluated to expand at a standard compound annual growth rate (CAGR) of 4.86% through to 2023. In the year 2023, the market will attain a burgeoning revenue of $18,943 million.
The report is titled ‘Fibre Cement Market: By Type (Asbestos, Polypropylene, PVA, Others); By Production Process (Hatschek, Extrusion, Perlite); By Product (Flat Sheet, Laminated Skirt, Others); By Application (Agriculture, Residential, Others); By Geography – Forecast (2018-2023).’ This report contains a comprehensive analysis of factors that influence the market including growth drivers, disruptive trends, challenges, opportunities, and competitive landscape.
Global Fibre Cement Market: Regional Analysis
Since the continent of Asia houses two of the world’s most populated countries- China and India, the construction industry experiences a perennially high demand from a population of all kinds. According to the International Monetary Funds, economic growth in the APAC region will be approximately 5.5%-6% through to 2021. China being the top destination for foreign direct investment has also experienced a high demand for fibre cement as it is required in construction without fail. Another factor that has helped APAC in leading the charge is pushing of exchange rate through extensive quantitative easing (QE.) Collectively, these factors helped APAC in attaining a demand share of $5,713 million in the year 2018.
Fibre Cement Market – Growth Drivers and Disruptive Trends
An innate problem that the world consistently encounters is a need for a sustainable and secure shelter. Population growing at a colossal pace does not help this cause, instead of elevating it in return. The construction industry has experienced an unprecedented upsurge in the last decade which has incited innovation in return. One such innovation is fibre reinforcement of cement in order to increase the tenacity. An increase in natural and man-made disasters is an esteemed growth driver of the market and will provide it with the necessary impetus to grow.
Fibre cement boards are now being extensively used in harsh environmental conditions, especially as a replacement for aluminum and wood installations. This helps in fields such as marine exploration where the saltiness of the water leads to the eventual degradation of wood installations. Fibre cement can also be altered visually and can be made to look like natural planks. This has appealed to the customers perpetually and acted as a growth driver for the market.
Global Fibre Cement Market: Competitive Landscape
Key market players operating in the fibre cement market and holding majority shares are James Hardie Building Products Inc., Visaka Industries, Cembrit Holding A/S, Mahaphant Fibre Cement Public Company Limited, Elementia, S.A.B. DE C.V., Everest Industries Limited, Saint Gobain SA, HIL, and Hekim Construction Inc.
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What can you expect from the report?
The Fiber Cement Market is Prepared with the Main Agenda to Cover the following 20 points:
1. Fiber Cement Market Size by Product Categories & Application
2. Fiber Cement Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Fiber Cement Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. Fiber Cement Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Fiber Cement Market Strategic Analysis
18. Fiber Cement Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Fiber Cement Market Revenue and Volume Analysis
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