Fiber Cement Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Raw Material (Portland Cement, Silica, Cellulosic Fiber, and Other Raw Material), Application (Siding, Roofing, Cladding, Molding and Trimming, and Other Applications), Construction Sector (Residential and Non-residential), and Geography (Asia-Pacific, North America, Europe, South America and Middle East & Africa).

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Europe

CAGR:

5 %

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Market Overview

The market for fiber cement is expected to register a CAGR of more than 5%, during the forecast period. One of the major factors driving the market studied is the increasing demand for energy efficient buildings. However, the threat of substitutes, like vinyl and wood siding, is expected to hinder the growth of the market studied.

  • The sliding segment dominated the market. It is expected to grow during the forecast period.
  • Increasing awareness in emerging economies is likely to act as an opportunity in the future.
  • Europe dominated the global market, with the largest consumption recorded from the countries, such as Germany and the United Kingdom.

    Scope of the Report

    The scope of the fiber cement market report includes:

    Application
    Siding
    Roofing
    Cladding
    Molding and Trimming
    Other Applications
    Sector
    Residential
    Non-residential
    Geography
    Asia-Pacific
    China
    India
    Japan
    South Korea
    Rest of Asia-Pacific
    North America
    United States
    Canada
    Mexico
    Europe
    Germany
    United Kingdom
    Italy
    France
    Rest of Europe
    South America
    Brazil
    Argentina
    Rest of South America
    Middle East & Africa
    Saudi Arabia
    South Africa
    Rest of Middle East & Africa

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    Key Market Trends

    Increasing Demand from Residential Sector

    • Fiber cement siding is a product that affixes to the exterior of a house or other structures, owing to its characteristics, such as wear and tear resistance to concrete, it and can help in keeping the house sustainable to some of the harshest elements of the local environments.
    • Residential industry is the major end-user industry for fiber cement. The rising middle-class population, coupled with increasing disposable incomes, has facilitated an expansion in the middle-class housing segment. Thus, there is expected to be an increase the use of fiber cement, within the segment, during the forecast period.
    • Globally, Asia-Pacific has the largest construction market, which is led by India, China, and various Southeast Asian countries. In India, the government initiated the project, ‘Housing for All by 2022’, which is expected to immensely drive the low-cost residential construction segment in the country, throughout the forecast period. Furthermore, under the Pradhanmantri Awas Yojana, the Indian government has taken a decision to provide interest subvention of 3% and 4% for loans of up to USD 18,000 and USD 13,500, respectively, for the lower strata of the society, with respect to buying and building homes.
    • In Southeast Asia, Indonesia is one of the largest and fastest-growing markets. The Indonesian government has also started a program to build around one million housing units across the country, for which the government has already set aside around USD one billion from its budget.
    • In Canada, various government projects, including the Affordable Housing Initiative (AHI), New Building Canada Plan (NBCP), and Made in Canada, are set to hugely support the expansion of the sector, thereby, driving the use of fiber cement in the residential end-user segment.
    • In South America, Brazil is suffering from a volatile economy, which has reduced activities in the construction industry. However, the Brazilian house builder,  MRV, has predicted a growth despite the recession.
    • Such growth in the residential sector, globally, is expected to drive the market for fiber cement, during the forecast period.

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    Europe Region to Dominate the Market

    • Europe region dominated the global market share.
    • Germany is the largest economy in Europe, and the fifth largest, globally. The public consumption rate has increased by 0.5%, which is expected to drive the growth. Germany has the largest construction industry in Europe.
    • The construction sector in Germany accounts for nearly 3.3% of the GDP. Germany spent almost 10% of its annual GDP (around EUR 298 billion) into construction projects. The residential construction segment is expected to have a moderately high growth.
    • According to The Federal Statistics Office, permits were issued for 72,335 new residential buildings and approval was given for 12,454 existing buildings. The construction market in the region has been growing slowly, mainly driven by the increasing new residential construction activities.
    • It is also expected that, various developed countries in EU would spend more on the public infrastructure, and there would be an increase in investments through public-private partnerships at municipal level.
    • These factors are estimated to boost the demand for fiber cement in Germany, during the forecast period.

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    Competitive Landscape

    The fiber cement market is partially fragmented in nature, with major companies, including Toray Industries Inc., Zykron, James Hardie Building Products Inc., Plycem, and Etex Group, amongst others.

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    Table Of Contents

    1. 1. INTRODUCTION

      1. 1.1 Study Assumptions

      2. 1.2 Scope of the Study

    2. 2. RESEARCH METHODOLOGY

    3. 3. EXECUTIVE SUMMARY

    4. 4. MARKET DYNAMICS

      1. 4.1 Drivers

        1. 4.1.1 Increasing Demand for Energy-efficient Buildings

        2. 4.1.2 Other Drivers

      2. 4.2 Restraints

        1. 4.2.1 Threat of Substitutes, like Vinyl and Wood Siding

        2. 4.2.2 Impact of COVID-19

      3. 4.3 Industry Value Chain Analysis

      4. 4.4 Porter's Five Forces Analysis

        1. 4.4.1 Bargaining Power of Suppliers

        2. 4.4.2 Bargaining Power of Consumers

        3. 4.4.3 Threat of New Entrants

        4. 4.4.4 Threat of Substitute Products and Services

        5. 4.4.5 Degree of Competition

      5. 4.5 Raw Material Analysis

        1. 4.5.1 Portland Cement

        2. 4.5.2 Silica

        3. 4.5.3 Cellulosic Fiber

        4. 4.5.4 Others

    5. 5. MARKET SEGMENTATION

      1. 5.1 Application

        1. 5.1.1 Siding

        2. 5.1.2 Roofing

        3. 5.1.3 Cladding

        4. 5.1.4 Molding and Trimming

        5. 5.1.5 Other Applications

      2. 5.2 Sector

        1. 5.2.1 Residential

        2. 5.2.2 Non-residential

      3. 5.3 Geography

        1. 5.3.1 Asia-Pacific

          1. 5.3.1.1 China

          2. 5.3.1.2 India

          3. 5.3.1.3 Japan

          4. 5.3.1.4 South Korea

          5. 5.3.1.5 Rest of Asia-Pacific

        2. 5.3.2 North America

          1. 5.3.2.1 United States

          2. 5.3.2.2 Canada

          3. 5.3.2.3 Mexico

        3. 5.3.3 Europe

          1. 5.3.3.1 Germany

          2. 5.3.3.2 United Kingdom

          3. 5.3.3.3 Italy

          4. 5.3.3.4 France

          5. 5.3.3.5 Rest of Europe

        4. 5.3.4 South America

          1. 5.3.4.1 Brazil

          2. 5.3.4.2 Argentina

          3. 5.3.4.3 Rest of South America

        5. 5.3.5 Middle East & Africa

          1. 5.3.5.1 Saudi Arabia

          2. 5.3.5.2 South Africa

          3. 5.3.5.3 Rest of Middle East & Africa

    6. 6. COMPETITIVE LANDSCAPE

      1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

      2. 6.2 Market Share/Ranking Analysis**

      3. 6.3 Strategies Adopted by Leading Players

      4. 6.4 Company Profiles

        1. 6.4.1 Building Materials Corporation of America

        2. 6.4.2 Cembrit Holding

        3. 6.4.3 CSR Ltd

        4. 6.4.4 Etex Group

        5. 6.4.5 James Hardie Building Products Inc.

        6. 6.4.6 Mahaphant Fibre Cement Public Company Ltd

        7. 6.4.7 Nichiha Corporation

        8. 6.4.8 Plycem

        9. 6.4.9 The Siam Fibre-Cement Company Ltd

        10. 6.4.10 Toray Industries Inc.

        11. 6.4.11 TPI Polene Public Company Ltd

        12. 6.4.12 Zykron

    7. *List Not Exhaustive
    8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    ** Subject to Availability

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