DUBLIN--(BUSINESS WIRE)--The "Global Fiber Cement Market - Segmented by Raw Material, Application, End User Industry and Region - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The fiber cement market is expected to register a CAGR of approximately 5.1% during the forecasted period, 2018-2023.
Asia-Pacific economies like China and India, which are the major markets for construction, are experiencing increasing residential construction, thereby driving the market for fiber cement. In China, Beijing Municipal Commission of Urban Planning and Land and Resources Management has planned to allocate 6,000 hectares of land by 2021 to meet the demand for 1.5 million units of residential houses. In India, the government is planning to bring USD 1.3 trillion investment to bring homes to the country's 1.3 billion people.
Based on application, the siding segment is dominant because of its better intrinsic properties, therefore increasing its demand in the residential sector. It is cost effective, highly durable and requires low maintenance, making it preferable for fire and termite resistance, and holding paint for longer years as compare to wood siding.
Asia-Pacific accounts for the highest market share of fiber cement in the world because of rapid industrialization and growing construction activities in China, India, and East Asian countries. China experienced its own industrial revolution after moving towards a mixed economy and government initiatives like the 13th Five Year Plan are increasing construction.
- James Hardie Industries
- Cembrit Holding
- Plycem Corporation
- Nichiha Corporation
- The Siam Fibre-Cement Company Limited
- CSR Limited
- Toray Industries Inc.
- Etex Group
- Building Materials Corporation of America
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/62tqwn/global_fiber?w=4