Current Business Affairs Global Fiber Cement Market 2018

Fiber Cement Market Analysis, By Material, By Application, End-Use and
By Region & Segment Forecast, 2017-2025
Market Definition:
The global fiber cement market was estimated as USD 13.6 Billion in 2016 and is projected to reach USD 20.8 Billion by
2025 growing at a CAGR of over 4% during the forecast period. Increasing investment for construction and other
infrastructure activities, growing urbanization and industrialization and benefits of fiber cement over other alternatives
are the major factors propelling the growth of fiber cement industry. Moreover, stringent government regulations
against the use of asbestos are also generating new opportunities for the fiber cement market.
Cement is a substance which reacts chemically with water thus, forming a solid bond, which binds two materials.
Addition of fiber particles strengthens the bond, making strong and long lasting infrastructures. Fiber cement is a
composite material used for building and construction purposes, utilized mainly in roofing and facade products. The
fiber cement initially constituted of 90% cement and 10% asbestos fibers mixed with water.
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Market Analysis with Latest Growth Factors:
Government’s ban on asbestos, led to the use of cellulose fiber extracted from plantations, as its substitute. Presently,
the fiber cement is composed of Portland cement, sand, water and small amounts of other chemical additives to provide
products with particular characteristics. Fiber cement boards and planks are flexible, water resistant, fire proof, highly
durable and resistant to insects and chemical corrosion. They are useful in all kinds of buildings and throughout the
whole house, including, walls, roofs, false wall, etc. Applications of fiber cement building materials includes their use as
substrates, for internal/external cladding and use in wet areas where water resistance is required, as well as areas
where weather and fire resistance is essential.
Major Key Players:
Prominent players in the global fiber cement market includes, Etex Group NV, James Hardie Industries PLC, Evonik
Industries AG, Toray Industries Inc., CSR Limited, The Siam Cement Public Company Limited, Nichiha Fiber Cement,
Plycem USA, Inc. and Cembrit Holding A/S, among all the others.
Market Segmentation:
The global fiber cement market is bifurcated on the basis of material used, application, end-use and region. Based on the
material used, the fiber cement industry is segmented as Portland cement, sand, cellulosic material (fiber) and others