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The fiber cement market share is expected to increase by USD 4.77 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.31%.
This fiber cement market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers fiber cement market segmentations by end-user (residential and commercial), application (siding, molding, and others), and geography (APAC, North America, Europe, South America, and MEA). The fiber cement market report also offers information on several market vendors, including Cembrit Holding AS, Compagnie de Saint-Gobain SA, Etex NV, Everest Industries Ltd., Hume Cemboard Industries Sdn Bhd., James Hardie Building Products Inc., Mahaphant Fiber Cement Pvt. Ltd., Siam Cement PCL, Toray Industries Inc., and Visaka Industries Ltd. among others.
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The increasing construction activities globally is notably driving the fiber cement market growth, although factors such as the high cost of fiber cement when compared to its substitutes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fiber cement industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Fiber Cement Market Driver
The increasing construction activities globally is one of the key drivers supporting the fiber cement market growth. For instance, China- Beijing International Airport is expected to surpass Dubai’s Al Maktoum International Airport in cost, total square miles, and passenger and plane capacity. The first phase of the project was completed in 2008 and further expansion is expected to be complete by 2025. Such growth in the demand for residential and commercial spaces propel the need for fiber cement as it is extensively used in various construction applications such as siding, trimming, and others. Siding and roofing made of fiber cement guard the external walls of buildings against harsh weather conditions such as sunlight, rain, snow, and wind. It also mimics the look of wood and improves the aesthetic of buildings. Owing to such benefits, an increasing number of homeowners and builders are opting for fiber cement products, thereby propelling the growth of the global fiber cement market.
Key Fiber Cement Market Trend
The application of fiber-reinforced concrete in designing road pavement is another factor supporting the fiber cement market growth. The primary advantage of fiber-reinforced concrete is that it reduces the cracking of surfaces, which is the result of plastic deformation and shrinkage while drying. Therefore, it is expected to be used in the construction of pavements, which are constantly exposed to heavy loads and high-performance surfaces. In addition, fiber-reinforced concrete is expected to be extensively used in the construction of underground tunnels as fiber-mixed concrete reduces fluid permeability and increases the ductile strength of tunnel walls. Thus, it is expected that fiber-reinforced concrete will witness demand for the construction of pavements during the forecast period.
Key Fiber Cement Market Challenge
The high cost of fiber cement is one of the factors hindering the fiber cement market growth. The overall cost of any construction project is an important parameter. The average cost of fiber cement siding is around $10 per square foot, including installation, which is approximately double the cost of vinyl siding, its substitute. Such high cost makes fiber cement sidings economically and financially unfeasible, especially in emerging economies. It also hinders purchases by price-sensitive consumers and increases their propensity toward cost-effective product offerings such as vinyl siding. This is a major challenge for the global fiber cement market as it is functionally dependent on the sales of fiber cement siding globally. Such challenges will limit the market growth during the forecast period.
This fiber cement market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the fiber cement market as a part of the global construction materials market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the fiber cement market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the fiber cement market encompasses successful business strategies deployed by the key vendors. The fiber cement market is fragmented and the vendors are deploying growth strategies such as price and global presence to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The fiber cement market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the fiber cement market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the construction materials market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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43% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the fiber cement market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The strong demand from emerging economies will facilitate the fiber cement market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 hindered the growth of the regional construction market, including the fiber cement market, in 2020. However, the lifting of lockdowns in several countries and the large-scale vaccination drives increased economic activities in 2021. Several governments across the region also announced economic stimulus packages, modified a few policies, and launched schemes to aid businesses and revive the economy. Such funding provided by the governments in the region for the support of small and medium-sized enterprises (SMEs) is expected to drive the regional market growth during the forecast period.
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The fiber cement market share growth by the residential segment will be significant during the forecast period. The growth of fiber cement in the residential sector is primarily driven by the rising construction activities and increasing use of fiber cement as a substitute for traditional materials. Also, the use of fiber cement for roofing and siding applications offers advantages such as better aesthetics, fire resistance, higher endurance against weather extremities, and higher resistance to warping and rotting than traditional materials. Such factors will drive the segment growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the fiber cement market size and actionable market insights on post COVID-19 impact on each segment.
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Fiber Cement Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.31% |
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Market growth 2021-2025 |
$ 4.77 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
4.90 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 43% |
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Key consumer countries |
US, China, Germany, India, Canada, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Cembrit Holding AS, Compagnie de Saint-Gobain SA, Etex NV, Everest Industries Ltd., Hume Cemboard Industries Sdn Bhd., James Hardie Building Products Inc., Mahaphant Fiber Cement Pvt. Ltd., Siam Cement PCL, Toray Industries Inc., and Visaka Industries Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
*Exhibit 07: Key Finding 8
*Exhibit 08: Key Finding 9
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 09: Parent market
*Exhibit 10: Market Characteristics
**2.2 Value chain analysis
*Exhibit 11: Value chain analysis
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 Service
*2.2.7 Support activities
*2.2.8 Innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 12: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 13: Market segments
**3.3 Market size 2020
**3.4 Market outlook: Forecast for 2020 - 2025
*Exhibit 14: Global - Market size and forecast 2020 - 2025 ($ million)
*Exhibit 15: Global market: Year-over-year growth 2020 - 2025 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 16: Five forces analysis 2020 & 2025
**4.2 Bargaining power of buyers
*Exhibit 17: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 18: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 19: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 20: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 21: Threat of rivalry
**4.7 Market condition
*Exhibit 22: Market condition - Five forces 2020
***5. Market Segmentation by Application
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 23: Application - Market share 2020-2025 (%)
**5.2 Comparison by Application
*Exhibit 24: Comparison by Application
**5.3 Siding - Market size and forecast 2020-2025
*Exhibit 25: Siding - Market size and forecast 2020-2025 ($ million)
*Exhibit 26: Siding - Year-over-year growth 2020-2025 (%)
**5.4 Molding - Market size and forecast 2020-2025
*Exhibit 27: Molding - Market size and forecast 2020-2025 ($ million)
*Exhibit 28: Molding - Year-over-year growth 2020-2025 (%)
**5.5 Others - Market size and forecast 2020-2025
*Exhibit 29: Others - Market size and forecast 2020-2025 ($ million)
*Exhibit 30: Others - Year-over-year growth 2020-2025 (%)
**5.6 Market opportunity by Application
*Exhibit 31: Market opportunity by Application
***6. Market Segmentation by End-user
**6.1 Market segments
*The segments covered in this chapter are:
*Exhibit 32: End-user - Market share 2020-2025 (%)
**6.2 Comparison by End-user
*Exhibit 33: Comparison by End-user
**6.3 Residential - Market size and forecast 2020-2025
*Exhibit 34: Residential - Market size and forecast 2020-2025 ($ million)
*Exhibit 35: Residential - Year-over-year growth 2020-2025 (%)
**6.4 Commercial - Market size and forecast 2020-2025
*Exhibit 36: Commercial - Market size and forecast 2020-2025 ($ million)
*Exhibit 37: Commercial - Year-over-year growth 2020-2025 (%)
**6.5 Market opportunity by End-user
*Exhibit 38: Market opportunity by End-user
***7. Customer landscape
**7.1 Overview
*Exhibit 39: Customer landscape
***8. Geographic Landscape
**8.1 Geographic segmentation
*The regions covered in the report are:
*Exhibit 40: Market share by geography 2020-2025 (%)
**8.2 Geographic comparison
*Exhibit 41: Geographic comparison
**8.3 APAC - Market size and forecast 2020-2025
*Exhibit 42: APAC - Market size and forecast 2020-2025 ($ million)
*Exhibit 43: APAC - Year-over-year growth 2020-2025 (%)
**8.4 North America - Market size and forecast 2020-2025
*Exhibit 44: North America - Market size and forecast 2020-2025 ($ million)
*Exhibit 45: North America - Year-over-year growth 2020-2025 (%)
**8.5 Europe - Market size and forecast 2020-2025
*Exhibit 46: Europe - Market size and forecast 2020-2025 ($ million)
*Exhibit 47: Europe - Year-over-year growth 2020-2025 (%)
**8.6 South America - Market size and forecast 2020-2025
*Exhibit 48: South America - Market size and forecast 2020-2025 ($ million)
*Exhibit 49: South America - Year-over-year growth 2020-2025 (%)
**8.7 MEA - Market size and forecast 2020-2025
*Exhibit 50: MEA - Market size and forecast 2020-2025 ($ million)
*Exhibit 51: MEA - Year-over-year growth 2020-2025 (%)
**8.8 Key leading countries
*Exhibit 52: Key leading countries
**8.9 Market opportunity by geography
*Exhibit 53: Market opportunity by geography ($ million)
***9. Drivers, Challenges, and Trends
**9.1 Market drivers
*9.1.1 Increasing construction activities globally
*9.1.2 Improved performance over substitutes
*9.1.3 Resistance to weather extremities
**9.2 Market challenges
*9.2.1 High cost of fiber cement when compare to it substitutes
*9.2.2 Difficulties associated with installation of fiber cement siding
*9.2.3 Silica dust generated during handling of fiber cement raises health and safety concerns
*Exhibit 54: Impact of drivers and challenges
**9.3 Market trends
*9.3.1 Application of fiber-reinforced concrete in designing of road pavement
*9.3.2 Use of fiber cement in green buildings
*9.3.3 Growth in modular and panelized constructions
***10. Vendor Landscape
**10.1 Competitive Scenario
**10.2 Overview
*Exhibit 55: Vendor landscape
**10.3 Landscape disruption
*Exhibit 56: Landscape disruption
*Exhibit 57: Industry risks
***11. Vendor Analysis
**11.1 Vendors covered
*Exhibit 58: Vendors covered
**11.2 Market positioning of vendors
*Exhibit 59: Market positioning of vendors
**11.3 Cembrit Holding AS
*Exhibit 60: Cembrit Holding AS - Overview
*Exhibit 61: Cembrit Holding AS - Product and service
*Exhibit 62: Cembrit Holding AS - Key offerings
**11.4 Compagnie de Saint-Gobain SA
*Exhibit 63: Compagnie de Saint-Gobain SA - Overview
*Exhibit 64: Compagnie de Saint-Gobain SA - Business segments
*Exhibit 65: Compagnie de Saint-Gobain SA - Key offerings
*Exhibit 66: Compagnie de Saint-Gobain SA - Segment focus
**11.5 Etex NV
*Exhibit 67: Etex NV - Overview
*Exhibit 68: Etex NV - Business segments
*Exhibit 69: Etex NV - Key offerings
*Exhibit 70: Etex NV - Segment focus
**11.6 Everest Industries Ltd.
*Exhibit 71: Everest Industries Ltd. - Overview
*Exhibit 72: Everest Industries Ltd. - Business segments
*Exhibit 73: Everest Industries Ltd. - Key offerings
*Exhibit 74: Everest Industries Ltd. - Segment focus
**11.7 Hume Cemboard Industries Sdn Bhd.
*Exhibit 75: Hume Cemboard Industries Sdn Bhd. - Overview
*Exhibit 76: Hume Cemboard Industries Sdn Bhd. - Product and service
*Exhibit 77: Hume Cemboard Industries Sdn Bhd. - Key offerings
**11.8 James Hardie Building Products Inc.
*Exhibit 78: James Hardie Building Products Inc. - Overview
*Exhibit 79: James Hardie Building Products Inc. - Product and service
*Exhibit 80: James Hardie Building Products Inc. - Key offerings
**11.9 Mahaphant Fiber Cement Pvt. Ltd.
*Exhibit 81: Mahaphant Fiber Cement Pvt. Ltd. - Overview
*Exhibit 82: Mahaphant Fiber Cement Pvt. Ltd. - Product and service
*Exhibit 83: Mahaphant Fiber Cement Pvt. Ltd. - Key offerings
**11.10 Siam Cement PCL
*Exhibit 84: Siam Cement PCL - Overview
*Exhibit 85: Siam Cement PCL - Business segments
*Exhibit 86: Siam Cement PCL - Key offerings
*Exhibit 87: Siam Cement PCL - Segment focus
**11.11 Toray Industries Inc.
*Exhibit 88: Toray Industries Inc. - Overview
*Exhibit 89: Toray Industries Inc. - Business segments
*Exhibit 90: Toray Industries Inc.- Key news
*Exhibit 91: Toray Industries Inc. - Key offerings
*Exhibit 92: Toray Industries Inc. - Segment focus
**11.12 Visaka Industries Ltd.
*Exhibit 93: Visaka Industries Ltd. - Overview
*Exhibit 94: Visaka Industries Ltd. - Product and service
*Exhibit 95: Visaka Industries Ltd. - Key offerings
***12. Appendix
**12.1 Scope of the report
*12.1.1 ????Market definition
*12.1.2 Objective
*12.1.3 Notes and caveats
**12.2 Currency conversion rates for US$
*Exhibit 96: Currency conversion rates for US$
**12.3 Research Methodology
*Exhibit 97: Research Methodology
*Exhibit 98: Validation techniques employed for market sizing
*Exhibit 99: Information sources
**12.4 List of abbreviations
*Exhibit 100: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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