d its way into construction application of various areas like, residential buildings, non-residential buildings, agriculture, industrial and consumer sectors. The products used for these purposes vary based on the requirements. Fiber cement products are majorly used for cladding, siding and roofing purposes. They are used in agriculture for both building and ancillary purposes. In industries, they are used for fire proofing walls and in household application for ceilings, switch boards and so on.
Residential building sector is forecast to be the fastest growing application for fiber cement market
The new housing market is all set to experience rapid growth in fiber cement demand in the near future. The demand for planks is on a surge under this application as, builders will prefer siding and roofing done from fiber cement over the traditional wooden planks as it offers a similar appearance, but would require little maintenance when compared to its counterpart wood. Also the resistances from external environment or insect attacks, which fiber cement products provide are far superior than wood.
Residential improvement and repairs are forecast to account for the largest share of fiber cement products in the coming future. Consumer interest in bathroom renovation projects supported demand for fiber cement backer board installed beneath decorative tile flooring and bathtub and shower surrounds.
North America leads the global fiber cement market followed by Asia Pacific
The demand for fiber cement is growing at a steady pace across the globe, with a few regions growing much faster than others. The North American market is the largest and the fastest growing market followed by Asia Pacific (APAC). The US is a major market in the North American region growing at 8.0 % annually; it is forecast to reach $2.7 billion by 2017.
Growth in APAC is attributed to the increase in residential construction. With the increase in population and a higher per capita income, the growth of fiber cement products is on an upsurge. On the contrary, the growth in Europe and rest of the world is seen to be steady.
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Fiber Cement Market– Market Forces
Attractiveness of the Industry
5. Degree of Competition
Fiber Cement Market– Strategic Analysis
By Fiber Type – Polypropylene, PVA, Glass Roving’s, Mineral Fiber, Carbon, Kevlar, Steel, Asbestos, Lignocellulose & Others
By Production Process – Hatschek Process, Extrusion Process, Perlite Process and Others
By Product Types – Flat Sheets, Corrugated Sheets, Laminated Skirts, Shingle Slates, Planks & Others
By Application – Agriculture, Industrial, Residential, Non-Residential, Commercial & Others
Geography – North America, Europe, APAC & Others
Some of the companies which hold a major share in the production of fiber cement products include, James Hardie Industries PLC, Saint Gobain, Nichia, Maxtile among others.
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