Fiber Cement Market by Material, Application, End-Use - Forecast to 2021

Fiber Cement Market by Material, Application, End-Use - Forecast to 2021

June 22, 2016: A new trending note at Aarkstore on “Global market for fiber cement is projected to grow from USD 13.75 billion in 2016 to reach USD 17.38 billion by 2021”

Growth in the construction industry throughout the world as well as strict regulations against the use of asbestos cement have played a huge role in providing the necessary momentum to the fiber cement market, after the economic slowdown.

Fiber cement roofing to gain maximum traction during the forecast period

Roofing is projected to be the fastest-growing application of fiber cement in the next five years. Fiber cement roofing is durable and aesthetically pleasing. However, siding is projected to be the most common application of fiber cement by 2021, in terms of market size.

Asia-Pacific contributes the maximum market share in 2015

The Global Market for Fiber Cement is also segmented based on region which includes North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific accounted for the largest share of the total demand generated by the global fiber cement market in 2015 because of the willingness of companies in the region to take up capital-intensive projects, along with the availability of technical expertise. The Asia-Pacific region is projected to be the fastest-growing market for fiber cement, during the forecast period, owing to the rising economy and the rapid growth in the infrastructure sector.

Breakdown of primaries:

Primary interviews were conducted with a number of industry experts in order to collect data related to different aspects of fiber cement.

The distribution of primary interviews is as follows:

By Company Type: Tier 1 56%, Tier 2 33%, Tier 3 11%

By Designation: Director level 59%, C level 28%, Others 13%

By Region: North America 43%, Asia-Pacific 29%, Europe 21%, RoW 7%

For More Information:...