According to the current analysis of Reports and Data, the global Fiber Cement Board Market  size was USD 12 Billion in 2022 and is expected to reach USD 18.62 Billion in 2032, and register a rapid revenue CAGR of 5% during the forecast period. Rising global demand for long-lasting and environment-friendly building materials and eco-consciousness about building materials and increasing acceptance of green structures are major factors driving market revenue growth. Fiber cement board is an environmentally beneficial and long-lasting building material since this is a composite material comprised of cement, cellulose fiber, and other additives.

Need for fiber cement boards is rising due to increasing population and fast urbanization, which has increased construction activities. Fiber cement boards are becoming more popular in both residential and commercial construction projects as these have properties such as resilience, fire resistance, and low maintenance requirements. In addition, rising knowledge about health risks connected with asbestos and prohibition on asbestos in many countries are other factors driving revenue growth of the market.

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Key companies: James Hardie Industries Plc, Etex Group NV, Everest Industries Ltd., Hume Cemboard Industries Sdn Bhd, Cembrit Holding A/S, Soben International Ltd., NICHIHA Co. Ltd, Mahapant Fibre Cement Co. Ltd., WB Construction Services Inc., Penny Panel, GAF Materials LLC, Elementia SAB de CV, and TPI Polene Public Company Ltd.

Some Key Highlights from the Report:

• Rising awareness regarding energy-efficient constructions, the need for renovation of old buildings, increasing over-cladding activities, and government regulations for green buildings are expected to propel the demand over the forecast period.
• The sand material segment is forecasted to lead the global Fibre cement board market during the forecast period. The addition of sand as material increases the binding properties of the cement. Tests have shown that the strength of cement mortar increases with increasing sand content. The segment registered the fastest growth in 2019
• The residential end-use segment is the fastest-growing segment, registering a CAGR of 5.32% owing to the rising residential construction activities to meet the requirements for the rising population.
• In the application segment, the siding is accounted for the largest market share in the fiber cement board market. The chief driver for this segment is the major use of sidings to cover the exterior of a building in both commercial and domestic applications and the advantage of easy installation of fiber cement boards.
• Key Industry players such as James Hardie are increasingly providing the fibre cement boards in various building, construction, and infrastructure projects.
• High costs of installation and setup are one of the important factors hindering global fiber cement board market growth.

Segments Covered In Market Research Reports Include:

1. Product type: This segment looks at different types of products within a particular industry or market. For example, a report on the global smartphone market might cover segments such as Android, iOS, and others.
2. Application: This segment examines the different applications or uses of a product. For example, a report on the global electric vehicle market might cover segments such as passenger cars, commercial vehicles, and industrial vehicles.
3. End-user: This segment focuses on the different types of end-users that a product or service is aimed at. For example, a report on the global healthcare IT market might cover segments such as hospitals, clinics, and pharmacies.
4. Region: This segment looks at the different geographic regions where a product or service is sold or used. For example, a report on the global solar panel market might cover segments such as North America, Europe, Asia Pacific, and others.
5. Technology: This segment focuses on the different technologies or processes used in a particular industry or market. For example, a report on the global artificial intelligence market might cover segments such as machine learning, natural language processing, and robotics.

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Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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