Fiber Cement Market 2022 SWOT Analysis, Key Business Strategies, Leading Industry Players, Regional Growth, Demand, Share, Challenges, Opportunities and 2030 Forecast Research Report

Kenneth Research, in its repository of market research reports, have recently added a report on Fiber Cement Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Fiber Cement Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Fiber Cement Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

Global Fiber Cement Market is valued approximately USD 15.80 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.2% over the forecast period 2019-2026. The fiber cement is considered as a material which affixes to the exterior of both residential and commercial spaces due to its characteristics as resistance to wear and tear to concrete along with benefiting the residential space by keeping it sustainable from harsh elements of the environment. The residential sector is the primary user of fiber cement. The fiber cement market is primarily driven owing to surging construction sector which include both residential and commercial spaces, escalating number of smart city projects, rising disposable income of the individuals along with housing projects initiatives by the central governments.

However, the impact of COVID-19 has negatively impacted the infrastructure development and construction activities in both developed and developing countries and would continue to do so due to shortage of labor and the impact of this pandemic would result into the rise in prices of fiber cements ultimately leading to restraining the development and growth of fiber cement in the coming months. Moreover, the surging construction sector which include both residential and commercial spaces is acting as key factor towards the utility and adoption of fiber cement as fiber cement are majorly used in the exterior applications of housing and buildings. For instance: According to International Construction Market Survey, the growth rate of construction industry globally in the year 2017 was estimated to be around 3.5% and it was estimated to reach to 3.9% (approx.) in the year 2018. In addition, as per the annual report of European Construction Industry Federation (FIEC) in 2017, it is stated that construction activity in entire Europe grew by around 2.2% in the year 2016 (reaching approximately 1,278 billion Euro) compared to the year 2015. Similarly, in the year 2017, a similar surge is forecasted (more than 2%) followed by increase of 3% in the year 2018 resulting into positively influencing the development and growth of fiber cement market. However, high cost of fiber cements as compared to traditional cements impedes the growth of the market over the forecast period of 2020-2026.

The regional analysis of global Fiber Cement market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the surging construction sector which include both residential and commercial spaces along with rising disposable income of the individuals. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as escalating number of smart city projects along with government initiatives such as housing projects would create lucrative growth prospects for the Fiber Cement market across Asia-Pacific region.

Major market player included in this report are:

James Hardie Building Products Inc
Zykron Fibre Cement Solutions
Plycem
Etex Group NV
Toray Industries Inc.
Cembrit Holding
Nichiha Corporation
The Siam Fibre-Cement Company Ltd
CSR Limited
Building Materials Corporation of America

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Raw Material:
Portland Cement
Silica
Cellulosic Fiber
Others

By Application:
Siding
Roofing
Cladding
Molding and Trimming
Others

By Application:
Residential
Non-Residential

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

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Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 20198
Forecast period – 2020 to 2026

Target Audience of the Global Fiber Cement Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Fiber Cement Market, by Region, 2018-2026 (USD Billion)
1.2.2. Fiber Cement Market, by Raw Material, 2018-2026 (USD Billion)
1.2.3. Fiber Cement Market, by Application, 2018-2026 (USD Billion)
1.2.4. Fiber Cement Market, by Construction Sector, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Fiber Cement Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Fiber Cement Market Dynamics
3.1. Fiber Cement Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Fiber Cement Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Fiber Cement Market, by Raw Material
5.1. Market Snapshot
5.2. Global Fiber Cement Market by Raw Material, Performance – Potential Analysis
5.3. Global Fiber Cement Market Estimates & Forecasts by Raw Material 2016-2026 (USD Billion)
5.4. Fiber Cement Market, Sub Segment Analysis
5.4.1. Portland Cement
5.4.2. Silica
5.4.3. Cellulosic Fiber
5.4.4. Others

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