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According to the latest research, the global Fiber Cement Boards market size was valued at USD 18865.69 million in 2022 and is expected to expand at a CAGR of 7.54% during the forecast period, reaching USD 29181.84 million by 2028.
A fiber cement board is a combination of cement and reinforcing fibers that are typically used as a tile backing board. Cement board can be nailed or screwed to wood or steel studs to create a substrate for vertical tile and attached horizontally to plywood for tile floors, kitchen counters and backsplashes. It can be used on the exterior of buildings as a base for exterior plaster (stucco) systems and sometimes as the finish system itself. Cement board adds impact resistance and strength to the wall surface as compared to water resistant gypsum boards. Cement board is also fabricated in thin sheets with polymer modified cements to allow bending for curved surfaces.
Fiber Cement Board continues to be popular in the US market
Fiber cement siding is also expected to post solid demand growth through 2019, primarily because of gains in the US, which accounted for nearly one-third of global fiber cement siding demand in 2014. Fiber cement siding has become increasingly popular in the US as it can withstand harsh climates without rotting and is impervious to insects.
Asbestos-based products still popular in Brazil and India
Roofing comprised the largest global market for fiber cement products. Brazil and India are the largest markets for fiber cement roofing products. Lower cost products (using asbestos as the fiber) are popular in these countries.
Lacking the knowledge of fiber board utilization
Inefficient labor workforce lacking the knowledge of fiber board utilization is expected to hamper the market growth.
Increasing demand from Construction Industry
The ever-increasing global population, supported by their improved purchasing power are driving factors for rapid urbanization. This urbanization demands for a better infrastructure, both, at the residential and commercial level. Fiber Cement Boards, which are made of mixtures of cement, water, and either reinforcing fibers or particles, provide durable structural stability to any building & construction projects. These materials are resistant to impact, fire, moisture, insects and fungi, easy to handle and install. These factors facilitate their usage in floors & roofs, ceilings, exterior & partition walls, facades, claddings, prefabricated houses, fire resistant furniture, etc. Construction holds the largest end-use application segment.
Region Overview:
In global comparison, a significant portion of the revenue was generated in China (33.12% in 2022).
Company Overview:
James Hardie Industries PLC is one of the major players operating in the Fiber Cement Boards market, holding a share of 12.88% in 2023.
James Hardie Industries PLC
James Hardie Industries plc manufactures building products for new home construction and remodeling. The Company's products include fiber cement siding, backer board, and pipe. James Hardie Industries operates in the United States, Australia and New Zealand.
Etex N.V.
Etex N.V. manufactures and sells building materials worldwide. It operates through four divisions: Etex Building Performance, Etex Façade, Etex Industry, and Etex Roofing. The company offers plasterboards and fiber cement boards for internal and external applications; passive fire protection products and systems; and dry construction systems under the Promat, Siniat, Durlock, Gyplac, Kalsi, and Pladur brands.
Segmentation Overview:
Among different product types, High Density Fiber Cement Board segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Residential Buildings segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Fiber Cement Boards industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Fiber Cement Boards. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Fiber Cement Boards Market Report Include:
Market Size Estimates: Fiber Cement Boards market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Fiber Cement Boards market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Fiber Cement Boards market
Segment Market Analysis: Fiber Cement Boards market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Fiber Cement Boards market situations and prospects in major and top regions and countries
Fiber Cement Boards Market
Fiber Cement Boards Industry Chain: Fiber Cement Boards market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Fiber Cement Boards Industry News, Policies by regions
Fiber Cement Boards Industry Porters Five Forces Analysis
Key players in the global Fiber Cement Boards market are covered in Chapter 2:
HongLeong Group
James Hardie Industries PLC
Elementia
Saint Gobain
Everest Industries
Cembrit
Soben board
GAF
Nichiha Corporation
Etex Group
China Conch Venture holdings
In Chapter 6 and Chapter 9, on the basis of types, the Fiber Cement Boards market from 2018 to 2028 is primarily split into:
High Density Fiber Cement Board
Medium Density Fiber Cement Board
Low Density Fiber Cement Board
In Chapter 7 and Chapter 10, on the basis of applications, the Fiber Cement Boards market from 2018 to 2028 covers:
Residential Buildings
Commercial Buildings
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Fiber Cement Boards market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Fiber Cement Boards industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Fiber Cement Boards market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Fiber Cement Boards industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Fiber Cement Boards market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Fiber Cement Boards market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Fiber Cement Boards market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
A fiber cement board is a combination of cement and reinforcing fibers that are typically used as a tile backing board. Cement board can be nailed or screwed to wood or steel studs to create a substrate for vertical tile and attached horizontally to plywood for tile floors, kitchen counters and backsplashes. It can be used on the exterior of buildings as a base for exterior plaster (stucco) systems and sometimes as the finish system itself. Cement board adds impact resistance and strength to the wall surface as compared to water resistant gypsum boards. Cement board is also fabricated in thin sheets with polymer modified cements to allow bending for curved surfaces.
Fiber Cement Board continues to be popular in the US market
Fiber cement siding is also expected to post solid demand growth through 2019, primarily because of gains in the US, which accounted for nearly one-third of global fiber cement siding demand in 2014. Fiber cement siding has become increasingly popular in the US as it can withstand harsh climates without rotting and is impervious to insects.
Asbestos-based products still popular in Brazil and India
Roofing comprised the largest global market for fiber cement products. Brazil and India are the largest markets for fiber cement roofing products. Lower cost products (using asbestos as the fiber) are popular in these countries.
Lacking the knowledge of fiber board utilization
Inefficient labor workforce lacking the knowledge of fiber board utilization is expected to hamper the market growth.
Increasing demand from Construction Industry
The ever-increasing global population, supported by their improved purchasing power are driving factors for rapid urbanization. This urbanization demands for a better infrastructure, both, at the residential and commercial level. Fiber Cement Boards, which are made of mixtures of cement, water, and either reinforcing fibers or particles, provide durable structural stability to any building & construction projects. These materials are resistant to impact, fire, moisture, insects and fungi, easy to handle and install. These factors facilitate their usage in floors & roofs, ceilings, exterior & partition walls, facades, claddings, prefabricated houses, fire resistant furniture, etc. Construction holds the largest end-use application segment.
Region Overview:
In global comparison, a significant portion of the revenue was generated in China (33.12% in 2022).
Company Overview:
James Hardie Industries PLC is one of the major players operating in the Fiber Cement Boards market, holding a share of 12.88% in 2023.
James Hardie Industries PLC
James Hardie Industries plc manufactures building products for new home construction and remodeling. The Company's products include fiber cement siding, backer board, and pipe. James Hardie Industries operates in the United States, Australia and New Zealand.
Etex N.V.
Etex N.V. manufactures and sells building materials worldwide. It operates through four divisions: Etex Building Performance, Etex Façade, Etex Industry, and Etex Roofing. The company offers plasterboards and fiber cement boards for internal and external applications; passive fire protection products and systems; and dry construction systems under the Promat, Siniat, Durlock, Gyplac, Kalsi, and Pladur brands.
Segmentation Overview:
Among different product types, High Density Fiber Cement Board segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Residential Buildings segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Fiber Cement Boards industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Fiber Cement Boards. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Fiber Cement Boards Market Report Include:
Market Size Estimates: Fiber Cement Boards market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Fiber Cement Boards market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Fiber Cement Boards market
Segment Market Analysis: Fiber Cement Boards market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Fiber Cement Boards market situations and prospects in major and top regions and countries
Fiber Cement Boards Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Fiber Cement Boards Industry Chain: Fiber Cement Boards market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Fiber Cement Boards Industry News, Policies by regions
Fiber Cement Boards Industry Porters Five Forces Analysis
Key players in the global Fiber Cement Boards market are covered in Chapter 2:
HongLeong Group
James Hardie Industries PLC
Elementia
Saint Gobain
Everest Industries
Cembrit
Soben board
GAF
Nichiha Corporation
Etex Group
China Conch Venture holdings
In Chapter 6 and Chapter 9, on the basis of types, the Fiber Cement Boards market from 2018 to 2028 is primarily split into:
High Density Fiber Cement Board
Medium Density Fiber Cement Board
Low Density Fiber Cement Board
In Chapter 7 and Chapter 10, on the basis of applications, the Fiber Cement Boards market from 2018 to 2028 covers:
Residential Buildings
Commercial Buildings
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Fiber Cement Boards market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Fiber Cement Boards industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Fiber Cement Boards market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Fiber Cement Boards industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Fiber Cement Boards market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Fiber Cement Boards market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Fiber Cement Boards market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
