Global Fiber Cement Consumption Market is valued USD 15.28 Billion in 2019 and is projected is to exhibit 5.4% CAGR during the forecast period. The market is projected to be around USD 22.08 Billion by 2026. The market is driven by the rapid urbanization, booming construction industry.

Fiber cement is a building material used to cover the exterior of a building in both non-residential and residential applications. Fiber cement is a composite material composed of cement reinforced with cellulose fibers. Asbestos was used as the reinforcing material but, because of safety concerns, that was replaced by cellulose. Fiber cement board may come pre-painted or pre-stained or can be done so after its installation.
Fiber Cement Consumption Market Dynamics
The factors responsible for the growth of the global fiber cement market are such as rapid urbanization and growing industrialization in emerging countries, booming construction industry, high efficiency of fiber cement products, and ban on asbestos cement products. The use of asbestos cement is associating with severe health hazards such as ovarian cancer, lung cancer, and other diseases. Therefore, the ban on asbestos cement products by government agencies have boosted the demand for fiber cement products such as planks, sheets, panels, boards, and others.

Fiber cement products are widely used in the construction of residential and commercial buildings because of their fire and impact resistant properties. Fiber cement is a low-cost composite material and protects from fungi, mold, and bacteria, thus increasing its durability. Furthermore, the material is inert and, hence, can directly be dumped in landfills without causing harm to the environment. Also, increased investment in infrastructure sector offers opportunities to the market players. However, the lack of skilled labor in developing countries hampers the growth of the global fiber cement industry.
Fiber Cement Consumption Market Insight
Based on region, North America expected to hold the largest market growth in terms of demand for fiber cement products. The homeowners in the U.S. have focused on renovation activities such as countertops, bathroom, ceiling, and interior remodeling to boost the demand for fiber cement backer boards and other products. Therefore, the region is expected to have the fastest-growing region in the global market by 2026.
Fiber Cement Consumption Market Segmentation
The global Fiber Cement Consumption Market is segmented into raw material, application, end-user, and region. On the basis of the raw material the market is further divided into Portland cement, silica, cellulosic fiber, others. Based on the application the market is segmented into siding, roofing, molding & trimming, others. Based on the end-user the market is further divided into residential sector, non-residential sector. And based on the geography the market is further segregated into North America, Latin America, Europe and Asia Pacific.
Fiber Cement Consumption Market Competitive Landscape
The report covers an in-depth analysis of key players in the market, along with their company profiles. Also, observations related to companies products and business offerings, recent developments undertaken by them, and growth strategies used by players to heighten their position in the siding market. The key players in aviation IoT market are listed as Etex Group NV, James Hardie Industries PLC, Evonik Industries AG, Compagnie de Saint Gobain SA, Toray Industries Inc, The, Siam Cement Public Company Limited, Nichiha Fiber Cement, Plycem USA, Inc., Cembrit Holding A/S , CSR Limited, Marley, Eternit Ltd., Thai Olympic Fibre-cement Co., Ltd., Mahaphant Fibre Cement Co., Ltd., Everest Industries Ltd., Swisspearl, Equitone, Allura USA, Beijing Hocreboard Building Materials Co., Ltd..