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Global Fiber Cement Board Market to reach USD 27.26 billion by the end of 2030

Global Fiber Cement Board Market Size study & Forecast, by Type (High-density, Medium-density, Low-density), by Application (Furniture, Flooring, Wall Cladding & Panels, Pre-fabricated Shelters, Other Applications), and Regional Analysis, 2023-2030

Product Code: CMAM-12965029
Publish Date: 5-12-2023
Page: 200

Global Fiber Cement Board Market is valued at approximately USD 10.04 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 13.3% over the forecast period 2023-2030. Fiber cement board is a building material made from a mixture of cement, cellulose fibers, and sand. . These boards are used for various applications in the construction and renovation of residential, commercial, and industrial buildings, providing durability, fire resistance, moisture resistance, and thermal insulation properties. The Fiber Cement Board Market is being driven by factors such as a rise in construction activities and growing demand from the furniture industry.

Increasing construction and infrastructure development projects, driven by urbanization and population growth, create the demand for fiber cement boards. These boards are used in various applications, such as exterior siding, roofing, flooring, and cladding, in both residential and commercial buildings. According to Statista, the Global Construction Market Valued at USD 7.3 Trillion in 2021 is poised to Surge to USD 10.3 Trillion by 2025. Along with this rising demand from the furniture industry is also driving the market. According to the same source, the furniture market anticipates remarkable revenue growth of USD165.7 billion by 2023, projected to reach USD 31.9 billion by 2027. Thus, rising construction activities and the increasing size of the furniture industry fueling the demand for Fiber Cement Board Market. In addition to increasing demand for fire-resistant material, increasing urbanization and increased usage as an asbestos alternative create lucrative opportunities for the market. However, the Governmental policies on carbon emissions from production plants hinder market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Fiber Cement Board Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 due to the region experiencing significant urbanization, with a growing number of infrastructure projects and construction activities. This drives the demand for fiber cement boards as versatile and durable building materials. The Fiber Cement Board Market is considered as fastest growing region over the forecasted period due to the region is experiencing a significant construction boom, with a surge in infrastructure development, commercial projects, and residential construction. This high level of construction activity drives the demand for fiber cement boards as a reliable and versatile building material.

Major market players included in this report are:
Beijing Hocreboard Building Materials Co. Ltd.
HIL Limited
Everest Industries Limited
Sahyadri Industries Pvt. Ltd.
Toray Building Materials Co., Ltd.
Visaka Industries
James Hardie Building Products Inc.

Recent Developments in the Market:
Ø In June 2022, Swisspearl Group unveiled its acquisition of Cembrit, a company based in Aalborg, Denmark. This strategic move was made to bolster Swisspearl’s global market footprint and extend its production facilities. With the addition of Cembrit’s 1,400 employees, this acquisition is set to transform the combined entity into a workforce of 2,600 individuals..

Global Fiber Cement Board Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

By Application:
Wall Cladding & Panels
Pre-fabricated Shelters
Other Applications

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Fiber Cement Board Market, by Region, 2020-2030 (USD Billion)
1.2.2. Fiber Cement Board Market , by Type, 2020-2030 (USD Billion)
1.2.3. Fiber Cement Board Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Fiber Cement Board Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Fiber Cement Board Market Dynamics
3.1. Fiber Cement Board Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rise in Construction Activities Growing Demand from Furniture Industry Rapid urbanization
3.1.2. Market Challenges Governmental Policies on Carbon Emissions from Production Plants
3.1.3. Market Opportunities Increasing Demand for Fire-Resistant Material
Increased usage as an asbestos alternative
Chapter 4. Global Fiber Cement Board Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Fiber Cement Board Market, by Type
5.1. Market Snapshot
5.2. Global Fiber Cement Board Market by Type, Performance – Potential Analysis
5.3. Global Fiber Cement Board Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Fiber Cement Board Market , Sub Segment Analysis
5.4.1. High-density
5.4.2. Medium-density
5.4.3. Low-density
Chapter 6. Global Fiber Cement Board Market, by Application
6.1. Market Snapshot
6.2. Global Fiber Cement Board Market by Application, Performance – Potential Analysis
6.3. Global Fiber Cement Board Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Fiber Cement Board Market , Sub Segment Analysis
6.4.1. Furniture
6.4.2. Flooring
6.4.3. Wall Cladding & Panels
6.4.4. Pre-fabricated Shelters
6.4.5. Other Applications
Chapter 7. Global Fiber Cement Board Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Fiber Cement Board Market , Regional Market Snapshot
7.4. North America Fiber Cement Board Market
7.4.1. U.S. Fiber Cement Board Market Type breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Fiber Cement Board Market
7.5. Europe Fiber Cement Board Market Snapshot
7.5.1. U.K. Fiber Cement Board Market
7.5.2. Germany Fiber Cement Board Market
7.5.3. France Fiber Cement Board Market
7.5.4. Spain Fiber Cement Board Market
7.5.5. Italy Fiber Cement Board Market
7.5.6. Rest of Europe Fiber Cement Board Market
7.6. Asia-Pacific Fiber Cement Board Market Snapshot
7.6.1. China Fiber Cement Board Market
7.6.2. India Fiber Cement Board Market
7.6.3. Japan Fiber Cement Board Market
7.6.4. Australia Fiber Cement Board Market
7.6.5. South Korea Fiber Cement Board Market
7.6.6. Rest of Asia Pacific Fiber Cement Board Market
7.7. Latin America Fiber Cement Board Market Snapshot
7.7.1. Brazil Fiber Cement Board Market
7.7.2. Mexico Fiber Cement Board Market
7.8. Middle East & Africa Fiber Cement Board Market
7.8.1. Saudi Arabia Fiber Cement Board Market
7.8.2. South Africa Fiber Cement Board Market
7.8.3. Rest of Middle East & Africa Fiber Cement Board Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Beijing Hocreboard Building Materials Co. Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. HIL Limited
8.3.3. CenturyPly
8.3.4. Everest Industries Limited
8.3.6. Sahyadri Industries Pvt. Ltd.
8.3.7. Toray Building Materials Co., Ltd.
8.3.8. Visaka Industries
8.3.9. James Hardie Building Products Inc.
8.3.10. Allura
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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