ALBANY, New York, April 6, 2017 – The prosperity of the building and construction industry, which is constantly seeking efficient materials to be used for roofing and other similar application, is driving the demand in the global fiber cement market, according to a recent study by Transparency Market Research (TMR). The report, titled “Fiber Cement Market – Global Industry Analysis, Size, Share, Growth, Trends, and Trends and Forecast 2016 – 2024,” aims to act as a credible business document for the targeted audiences such as raw material suppliers and producers of fiber cement, regulatory bodies, fiber cement distributors and suppliers, and end users including building contractors. The report also profiles a number of key players currently active in this market, evaluating their market share, recent strategic developments in order to gain ground over their competitors, and their product portfolio.
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According to the TMR report, the construction industry has been touching new peaks in the recent past, especially in the emerging economies wherein rapid urbanization is underway, and this factor is promising an excellent future of the global fiber cement market. The durability and aesthetic properties of fiber cement make it highly useful for several applications in the construction industry such as roofing and siding of the residential complexes. Some of the other prominent drivers of the global fiber cement market are: high efficiency of these products and restrictions over the use of asbestos cement products. Moreover, heavy investments are being poured in for the development of high quality infrastructure, which is opening new opportunities for the players in this market. Conversely, the report expects the lack of skilled labor in developed countries to restrict the market from attaining its full potential during the forecast period.
The global fiber cement market can segmented on the basis of material into Portland cement, sand, cellulosic material and others including paints and polymeric additives. Application-wise, the market can be bifurcated into molding and trim, siding, roofing, and others such as backer boards, countertops, ceilings, and interior wall cladding. End users of the global fiber cement market can be residential or commercial. Geographically, the report studies the opportunities available in the several regions including Asia Pacific, North America, Europe, and the Middle East. Currently, rapid urbanization in countries such as India, South Korea, and China is making Asia Pacific the most lucrative region, gaining equal impetus from the Middle East country as well.
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Some of the leading companies currently operational in the global fiber cement market are James Hardie Industries PLC, Toray Industries Inc, Etex Group NV, Compagnie de Saint Gobain SA, Evonik Industries AG, CSR Ltd., Nichiha Fiber Cement, The Siam Cement Public Company Ltd., Cembrit Holding A/S, and Plycem USA, Inc.