Zion Market Research Global Fiber Cement Market, 2016–2024 | Page 3

Fiber Cement Market
Global Fiber Cement Market by Growth Factors: Increasing demand for fiber cement
from construction professionals due to product features is expected to boost the global fiber
cement market in future. Rapid industrialization and growing construction activities globally
are other key factors responsible for the growth of the global market. Fiber cement is highly
demanded in the global market due to the high efficiency of fiber cement products and rapid
urbanization & industrialization in developing countries further influencing the growth in the
global fiber cement market. Further, ban on asbestos products and booming construction
industry foster the global market growth. Moreover, increasing investments in infrastructure
development and financial support from government agencies is expected to boost the
overall fiber cement market growth. However, fiber cement is expected to face tough
competition from other products in the market such as vinyl siding, which may hinder the
growth of the global market.
Global Fiber Cement Market by Segmentation: The global fiber cement market is
categorized based on end-user as non-residential sector and residential sector. Based on
the application, the global market is classified as roofing, molding & trimming, countertops,
siding, ceiling, and backerboards. Of these, siding application segment is the leading in the
global market. Further, the global fiber cement market is divided based on raw materials as
cellulosic fiber, Portland cement, silica, and others.
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