Rapid industrialization, increased investment in the construction industry, and strict rules and regulations enforced by governments
VANCOUVER, BC, CANADA, Jan. 12, 2022 /EINPresswire.com/ — The fiber cement market is expected to reach a value of $21.40 billion by 2027, according to current analysis from Emergen Research. Key factors driving the market include the durable nature of fiber cement, the ban on the use of asbestos, and the increasing demand for fiber cement in construction activities.
Fiber cement siding is considered to have a longer lifespan than other materials used in construction. Fiber cement siding is widely used not only by homeowners, but also by builders and contractors. According to a recent study from the University of Minnesota, fiber cement is considered the best combination of low cost, high durability and lower environmental impact.
The study provides real answers to questions about market segmentation by types, regions and applications to fuel the overall market research for the forecast period 2020-2027. The subject matter experts behind the market analysis have worked with some of the most reputable business owners to track records and estimate what is happening in areas such as technological innovation, volume of production, end use and pricing of products.
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In April 2018, James Hardie Industries Plc. acquired XI (DL) Holdings GmbH and its subsidiaries, including Fermacell GmbH, from Xella International SA James Hardie Industries Plc is a global building materials company and one of the world’s largest fiber cement manufacturers.
Based on application, the market has been categorized into flooring, cladding, wall partitions, moldings & trim, and roofing. The coatings segment is expected to grow at a significant rate of 4.2% over the forecast period. The coating is durable, flame retardant and insect resistant. Also, it works amazingly during any natural calamity.
Research analysts have further reshaped their approach to present a report uniquely positioned to offer unparalleled insights on major manufacturers, new entrants, outgoing white spaces, acquisitions and mergers, collaborations, and product launches. Market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.
Companies Featured in the Global Fiber Cement Market:
James Hardie Industries Plc., CSR Limited, Etex Group NV, Alpha Roofing Industries LLC, Toray Corporation, Shandong Cement, American Fiber Cement Corporation, Nichiha Corporation, Cembrit Holding A/S and Swiss Pearl
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The competitive analysis also includes a regional analysis of major geographic regions. The report covers regions such as North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. The report also offers country-wise analysis to enable a better understanding of the global fiber cement market with respect to market share, market size, production and consumption ratio, product launches and R&D activities, investment opportunities and the presence of key players in the region.
For this report, Emergen Research has segmented the global fiber cement market based on application, material, end-user, and region:
Application Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017-2027)
Molding and Trim
Material Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017-2027)
End User Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017-2027)
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Summary of key points from the report:
The report offers a comprehensive overview of the market size, share, and growth rate over the forecast duration.
It provides details of the current scenario, historical data, giving an accurate forecast of the market for the coming years.
The study categorizes the market based on product types, applications, end users, market value and volume, industry verticals, and 5 major regions.
It also offers regional market analysis and forecasts for the major geographies of the industry i.e. North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. .
Industry supply chain, sourcing strategy, upstream raw materials and downstream demand analysis have also been undertaken in the research report.
The study offers a comprehensive understanding of demand and supply dynamics, including production and consumption rates, and overall market mapping.
The report uses different analytical tools including SWOT analysis, Porter’s five forces analysis, and price analysis to provide accurate market insights.
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