This report provides a quantitative analysis of the current trends and estimations from 2017 to 2023 of the global fiber cement board market to identify the prevailing market opportunities.
Portland, OR -- (SBWIRE) -- 08/29/2017 -- Fiber cement boards is defined as a composite material made up of sand, cement and cellulose fibres (plant extracts). Moreover, being a cement based composite material it possesses properties such as decay and fire resistance, dimensional stability, as well as good mechanical properties among other properties.
These boards are different from a normal cement board as it majorly useful in decorative purposes such as sidings, flooring, ceiling, roofing materials, soffit, and trims, and as a tile backing board. Fiber cement-based boards are being extensively employed in the construction industry. These are also being utilized in domestic housing needs as well as for commercial building construction.
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The market is witnessing significant growth owing to its utilization as siding inside the house such as bathrooms and kitchens, owing to its durable and water resistant as well as waterproof nature. In addition, accelerating construction expenditures, specifically in new housing, will spur demand. The adoption of fiber cement board has increased in prime end use industries, namely residential, commercial and others. In addition, the rapid growth of the residential sector is another factor boosting the market growth.
However, inefficient labour workforce lacking the knowledge of fiber board utilization is expected to hamper the market growth. However, companies offer trainings to workers through formal vocational education programs to ensure optimal use of equipment acts as a growing opportunity for market growth.
Comprehensive competitive analysis and profiles of major market players include: -
- James Hardie Industries PLC
- Etex Group NV
- Mahaphant Fibre Cement Co., Ltd.
- Elementia, S.A.B de C.V.
- Everest Industries
- Hume Cemboard Industries
- Nichiha Corporation
- Soben board
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Fiber Cement Board Market Key Segments:
- Low-Density Fiber Cement Board
- Medium Density Fiber Cement Board
- High-Density Fiber Cement Board
- Commercial Buildings
- Residential Buildings
By Raw Material
- Portland Cement
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA
Other Market Players:
- SCG Building Materials
- Plycem Corporation
- PENNY PANEL
- Allura USA
- Thai Olympic Fibre-cement Co., Ltd.
- LTM LLC
- TEPE Betopan