Overview
Fiber Cement Board Market size is
forecast to reach $2.5 Billion by 2025, after growing at a CAGR of 8.20% during
2020-2025. Fiber cement boards are defined as a composite material made up of
sand, cement and cellulose fibers. It is a combination of cement and
reinforcing fiber which contributes to making the fiber cement material even
stronger. Whereas, fiber cement siding is a building material used to cover the
exterior of a building in both commercial and domestic applications. With a growing population, the demand for residential construction has seen an upsurge
in the recent past. There are many inventions pertaining to the kind of
materials being used in construction activities. One such important
innovation is the fiber cement board which is made up of mixtures of cement,
water, and either reinforcing fibers or particles.
Report Coverage
The report: “Fiber Cement Board Market– Forecast (2020-2025)”, by IndustryARC, covers
an in-depth analysis of the following segments of the Fiber Cement Board Industry.
Key Takeaways
- Higher growth in the urban housing sector in the world, especially in developing economies such as China and India, due to an exponentially growing population has led to strong demand for construction chemicals and products such as fiber cement board
- Fiber cement is easy to alter in terms of visual properties. They can easily be manufactured to look like natural wood planks or shingles. It can maintain the aesthetic properties of the house as it does not compromise on the traditional design and thus, increases its acceptance to home owners.
- Role of fiber cement board in making fire resistant buildings will be a major opportunity for the fiber cement board market during the forecast period.
By Type - Segment Analysis
Low-Density segment held the
largest share in the fiber cement board in 2019. Low-density fiber cement is
designed with the best structural efficiency but is generally not considered to
be used for external applications requiring high strength capabilities. With
rising construction throughout the globe, the demand for low density fiber
cement board is set to surge majorly in interior applications. Low density FC
can be used in structural flooring particularly in bathrooms, providing
considerable strength to weight ratio and is effectively water resistant.
By Application- Segment Analysis
Commercial buildings segment held
the largest share in the fiber cement market in 2019 growing at a CAGR of 8.35%
during the forecast period. Fiber cement boards have become a convenient option in the construction of commercial buildings as they are better options
than plywood and other materials. Cement boards are used because when compared
to gypsum boards, they stand strong in the presence of moisture and leaks.
Cement boards have excellent moisture absorbing and drying properties making
them resistant to weather change as well. Fiber cement boards are better choices
for applications such as wall cladding, wall portioning, and decorative walling
owing to its properties such as high impact strength and fire resistance. Fiber
cement boards are also best used for exterior wall panels outside the house as
siding due to their durable and water-resistant/waterproof nature.
Geography - Segment Analysis
Asia-Pacific
dominated the fiber cement board market with a share of more than 35% during
the forecast period. The economic
outlook for Asia-Pacific region is favorable owing to the large economic
developments in China and other developing countries. The factor that led to
this growth is the rapid industrialization and humungous amount of construction
in this region. China was the top destination for FDI, where the construction
sector grew by 7.8% in 2015. The stable investments in the construction sector
indicate that the country is still an attractive recipient for foreign
investors due to increased industrial restructuring and urbanization.
Drivers – Fiber Cement Board Market
·
The use of fiber cement
boards and claddings are useful in harsh environment conditions
Fiber cement installations are
particularly useful in areas with persistent harsh environments. They can act
as a viable replacement for aluminum and wood installations typically found
near marine environment, where the air is salty. These sidings also provide
good protection against rain and hail
·
Lightweight fiber cement products facilitate
transportation and helps in cost saving.
As fiber cement derived boards are
much lighter than their aluminum and wood counterparts, they can easily be
transported from the factory to the consumer. Moreover, the lightweight also
helps in cost savings by reducing the use of fuel for transportation.
Challenges – Fiber Cement Board Market
·
Fiber
cement manufacturers face unprecedented challenges due to the high cost of the
product
The manufacturing process for
fiber cement is such that it adds up to the cost of the final product.
Generally, they cost upto 3 to 4 times more than conventional materials. Fiber
cement boards need to be repainted every 15 to 20 years, thus maintenance cost
is also high. Additionally installation of fiber cement fixtures requires more
manpower who are skilled in handling the fiber cement boards, as they are
susceptible to damage when not handled properly.
Market Landscape
Technology
launches, acquisitions and R&D activities are key strategies adopted by players
in the sailcloth market. In 2019, the market of fiber cement board has been consolidated
by the top five players accounting for xx% of the share. Major players in the fiber
cement board market are James Hardie Industries PLC, Etex Group NV, Cembrit, Mahaphant Fibre
Cement Co., Ltd., Everest Industries, Saint-Gobain, Hume Cemboard Industries and
Nichiha Corporation among others.
Acquisition/
Investment
- In December 2017, James Hardie Industries acquired German based XI (DL) Holdings GmbH and its subsidiaries (including, but not limited to, Fermacell GmbH) from Xella International S.A. With this acquisition James Hardie Industries added high-quality business of fiber cement business growth in Europe.
- In July 2015, Etex invested 62 million euros in the second factory in Indonesia. This new production facility will strengthen Etex’s market leader position by locally producing fibre cement building boards.
1.1 Definitions and Scope
2. Fiber Cement Board Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Fiber Cement Board Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Fiber Cement Board Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Fiber Cement Board Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Fiber Cement Board Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Fiber Cement Board Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Fiber Cement Board Market - By Type (Market Size -$Million / $Billion)
8.1 Market Size and Market Share Analysis
8.2 Application Revenue and Trend Research
8.3 Product Segment Analysis
8.3.1 Low Density
8.3.2 Medium Density
8.3.3 High Density
9. Fiber Cement Board Market - By Raw Material (Market Size -$Million / $Billion)
10.1 Segment type Size and Market Share Analysis
10.2 Application Revenue and Trends by type of Application
10.3 Application Segment Analysis by Type
10.3.1 Commercial Building
10.3.2 Residential Building
11. Fiber Cement Board- By Geography (Market Size -$Million / $Billion)
11.1 Fiber Cement Board Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Fiber Cement Board- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Fiber Cement Board- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Fiber Cement Board - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong Kong
11.8.5.9 Rest of APAC
11.9 Fiber Cement Board - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Fiber Cement Board Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Fiber Cement Board Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at a global level - Top 10 companies
13.1.6 Best Practises for companies
14. Fiber Cement Board Market - Key Company List by Country Premium
15. Fiber Cement Board Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Cembrit
15.3 Elementia, S A B De C V
15.4 Etex Group Nv
15.5 Everest Industry
15.6 Hume Cemboard Industry
15.7 James Hardie Industry Plc
15.8 Mahaphant Fibre Cement Co , Ltd
15.9 Nichiha Corporation
15.10 Saint-Gobain
15.11 Soben Board
15.12 Company 11
15.13 Company 12 & More
16.1 Abbreviations
16.2 Sources
17. Fiber Cement Board Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends