Fiber Cement Board is anticipated that the market value could go up from US$ 10 Bn in 2021 to reach a valuation of US$ 27 Bn by 2032. The fiber cement board market is estimated to create an absolute dollar opportunity with a steady CAGR of 4.3% throughout the forecast years 2022-2032.

Fiber cement boards are constructed of plant extract cellulose, cement, and sand. Cement plays an important role in the formation of fiber cement boards as it fits as an extremely hard material that makes it a quite affordable alternative for the real estate business.

Fiber cement boards are widely used for covering the exteriors of the buildings in residential, commercial, and industrial buildings. The construction sector is the prominent end-user of the fiber cement board market. With the rising need for residential buildings, the fiber cement board market is also anticipated to showcase phenomenal growth over the forecast period.

Competitive Landscape

James Hardie Industries PLC, Etex Group NV, Cembrit, Mahaphant Fibre Cement Co., Ltd., Elementia, S.A.B de C.V., Everest Industries, Saint-Gobain, Hume Cemboard Industries, Nichiha Corporation, Soben board Everest are some of the key companies profiled in the full version of the report.

Key market players are expected to expand the portfolio of the company and augment its fiber cement board market share in the coming days. Some major companies in the industry are making technological advancements to get an edge over the market.

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Key Segments

By Raw Material:

• Portland cement
• Silica

By Application:

• Commercial Buildings
• Residential Buildings

By End Use:

• Residential
• Commercial
• Industrial

More Insights into the Fiber Cement Board Market

North America and Europe are expected to lead the global fiber cement board market. Countries including the U.K, North America, Germany, and Spain among others are expected to be prominent countries in the fiber cement board market owing to high construction spending in these countries.

The surge in the global construction activities in commercial and residential areas is expected to contribute to the growth of the fiber cement board market in North America.

There is an aesthetic advantage attached to fiber cement board as it resembles wood planks or wood shingles which makes the demand for fiber cement board in the architecture sector also. Moreover, the sales of fiber cement boards are more eco-friendly options for residential applications.

Regions such as the Asia Pacific, Latin America, and countries like MEA are witnessing a surge in construction activities amidst growing urbanization is expected to drive the demand for fiber cement board in the global market.

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