GITNUX MARKETDATA REPORT 2024

Fiber Cement Industry Statistics

The fiber cement industry is expected to experience steady growth in the coming years due to increasing demand for sustainable and durable construction materials.

Highlights: Fiber Cement Industry Statistics

  • The global Fiber Cement Market size was valued at USD 13.6 billion in 2019.
  • The fiber cement industry is expected to expand at a CAGR of 6.0%, from 2020 to 2027.
  • The Asia Pacific region accounted for the largest market share of over 32% in terms of volume in 2019.
  • The slender and light fiber cement products segment dominated the market with a volume share of over 59.5% in 2019.
  • The non-residential application segment held the largest revenue share of over 65.3% in 2019.
  • The fiber cement market in Europe is expected to expand at a moderate CAGR of 3.9% from 2020 to 2027.
  • The global fiber cement market is projected to reach USD 20.8 billion by 2025.
  • The cladding segment is estimated to account for the largest share in the fiber cement market in 2020.
  • The building & construction application leads the fiber cement industry with more than 85% market share.
  • Fiber cement products for the residential sector are projected to grow at the highest CAGR during 2020-2025.
  • The global fiber cement siding market was valued at $13.9 billion in 2018.
  • The fiber cement siding market is expected to record a CAGR of over 5% from 2020 to 2025.
  • The fiber cement industry in North America accounted for around 35% of the global market in 2018.
  • The largest market share for fiber cement is expected to continue in the non-residential sector with a revenue of $7.9 bn by 2025.
  • The roofing products segment of fiber cement market is expected to reach a revenue of $2.4 billion by 2025.
  • The fireproof fiber cement segment will grow at a CAGR of 3.2% through 2025.
  • Asia-Pacific region led the fiber cement market in 2018, with over 42% of total volume.
  • The fiber cement market in Middle East & Africa is expected to grow at a CAGR of 6.4% between 2019 and 2026.
  • The fiber cement cladding market in North America is projected to witness a growth of over 4.5% up to 2026.
  • The fiber cement roofing market in Europe is likely to surpass USD 800 million by 2026.

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The Latest Fiber Cement Industry Statistics Explained

The global Fiber Cement Market size was valued at USD 13.6 billion in 2019.

The statistic indicates that in the year 2019, the global fiber cement market achieved a total value of USD 13.6 billion. This value represents the total revenue generated from the sales of fiber cement products worldwide during that year. The figure serves as a key indicator of the market’s size and importance, reflecting the demand for and utilization of fiber cement materials in various industries such as construction and infrastructure. The market size provides valuable insights for businesses, researchers, and policymakers to understand the scale of the industry and make informed decisions related to investments, expansions, and regulations within the fiber cement market.

The fiber cement industry is expected to expand at a CAGR of 6.0%, from 2020 to 2027.

The statistic indicates that the fiber cement industry is projected to experience growth at a Compound Annual Growth Rate (CAGR) of 6.0% from the year 2020 through to 2027. This means that the industry is expected to steadily grow at an average annual rate of 6.0% during this period. The CAGR is a useful metric for understanding the smooth annual growth rate of an industry over a specified time frame, providing insights into the industry’s potential expansion and future prospects. In this case, the 6.0% CAGR forecast suggests a positive outlook for the fiber cement sector, indicating a healthy anticipated growth trajectory over the next seven years.

The Asia Pacific region accounted for the largest market share of over 32% in terms of volume in 2019.

This statistic indicates that in 2019, the Asia Pacific region had the highest market share in terms of volume compared to other regions globally, amounting to over 32%. This means that a significant portion of the total sales or production volume in the industry, likely specified in the context provided, originated from countries within the Asia Pacific region. This strong market presence suggests that the region played a dominant role in driving demand, production, or consumption within the industry during that period. The high market share could be influenced by various factors such as population size, economic growth, consumer preferences, industry expertise, and trade relationships within the Asia Pacific region.

The slender and light fiber cement products segment dominated the market with a volume share of over 59.5% in 2019.

This statistic indicates that the slender and light fiber cement products segment held a significant market share in 2019, accounting for over 59.5% of the total volume of products sold in the market. This suggests that consumers have a strong preference for this particular type of product, likely due to its perceived benefits such as durability, lightweight construction, or aesthetic appeal. The dominance of this segment also highlights the importance of innovation and catering to consumer preferences in the construction materials industry. Companies operating in this market should take note of this trend and may consider investing further in the development and marketing of slender and light fiber cement products to capitalize on this market dominance.

The non-residential application segment held the largest revenue share of over 65.3% in 2019.

This statistic indicates that within the market under consideration, the category of non-residential applications generated the majority of revenue in 2019, accounting for more than 65.3% of the total revenue in that year. This suggests that industries or sectors outside of residential establishments, such as commercial, industrial, or institutional sectors, were the primary drivers of revenue for the market at that time. The dominance of the non-residential segment in revenue share underscores its significant contribution to the overall performance and profitability of the market, highlighting the importance of targeting and serving this sector effectively for business success.

The fiber cement market in Europe is expected to expand at a moderate CAGR of 3.9% from 2020 to 2027.

This statistic indicates that the fiber cement market in Europe is forecasted to experience a steady and moderate growth over the period from 2020 to 2027, with a Compound Annual Growth Rate (CAGR) of 3.9%. This growth rate suggests that the market is likely to see increasing demand for fiber cement products such as siding, roofing, and other construction materials in the European region. The moderate CAGR implies a consistent and sustainable expansion rather than rapid or volatile growth, which could be driven by factors such as infrastructure development, renovation projects, and environmental considerations favoring the use of fiber cement over traditional building materials.

The global fiber cement market is projected to reach USD 20.8 billion by 2025.

The statistic stating that the global fiber cement market is projected to reach USD 20.8 billion by 2025 means that it is expected that the total value of sales within the fiber cement industry worldwide will amount to approximately USD 20.8 billion by the year 2025. This projection indicates anticipated growth and prosperity for the fiber cement market, driven by various factors such as increasing construction activities, urbanization trends, and the demand for durable and sustainable building materials. It serves as a key indicator for market analysts, industry stakeholders, and investors to understand and plan for the potential growth trajectory of the fiber cement sector in the coming years.

The cladding segment is estimated to account for the largest share in the fiber cement market in 2020.

The statistic “The cladding segment is estimated to account for the largest share in the fiber cement market in 2020” indicates that among all the segments within the fiber cement market (such as roofing, siding, and molding), the cladding segment had the highest market share in terms of sales, revenue, or volume in the year 2020. This suggests that cladding products made from fiber cement were likely in high demand or had significant market penetration compared to other products within the industry. The dominance of the cladding segment could be due to various factors such as consumer preferences, construction trends, marketing strategies, or the performance characteristics of fiber cement products specifically designed for cladding applications.

The building & construction application leads the fiber cement industry with more than 85% market share.

The statistic indicates that the building & construction application dominates the fiber cement industry, capturing over 85% of the market share. This suggests that the demand for fiber cement products in the construction sector is significantly higher compared to other industries that also utilize these materials. Such a high market share for building & construction applications may be attributed to the durability, fire resistance, and low maintenance requirements of fiber cement products, making them highly suitable for various construction projects. This statistic highlights the strong presence of fiber cement materials in the construction industry and underscores their importance as a preferred choice for builders and developers.

Fiber cement products for the residential sector are projected to grow at the highest CAGR during 2020-2025.

This statistic indicates that the market for fiber cement products in the residential sector is expected to experience the highest Compound Annual Growth Rate (CAGR) from 2020 to 2025. This suggests that there is a strong and increasing demand for fiber cement products such as siding, roofing, and other construction materials in residential construction projects. The high growth rate implies that the market for fiber cement products in the residential sector is expanding rapidly and presents opportunities for growth and investment in this particular segment of the construction industry.

The global fiber cement siding market was valued at $13.9 billion in 2018.

The statistic ‘The global fiber cement siding market was valued at $13.9 billion in 2018’ indicates the total monetary worth of the market for fiber cement siding products worldwide in the year 2018. This figure represents the combined value of all transactions and sales within the market segment, including both residential and commercial applications. The value provides insight into the size and economic significance of the fiber cement siding industry, highlighting its importance within the construction and building materials sector on a global scale. It serves as a key indicator for stakeholders such as manufacturers, investors, and policymakers to assess market trends, make strategic decisions, and forecast future developments within the fiber cement siding market.

The fiber cement siding market is expected to record a CAGR of over 5% from 2020 to 2025.

This statistic indicates that the fiber cement siding market is projected to experience a Compound Annual Growth Rate (CAGR) of over 5% between the years 2020 and 2025. A CAGR of over 5% implies a consistent and steady growth rate over the specified period. A high CAGR indicates a positive outlook for the market, suggesting a healthy increase in demand for fiber cement siding products and potential opportunities for market expansion. This projection can be valuable for businesses operating within the fiber cement siding industry, as it can help in strategic planning, decision-making, and resource allocation to capitalize on the expected market growth.

The fiber cement industry in North America accounted for around 35% of the global market in 2018.

The statistic stating that the fiber cement industry in North America accounted for around 35% of the global market in 2018 highlights the significant market share held by North America in the production and consumption of fiber cement products. This indicates the strong presence and influence of the region in the global fiber cement industry during that particular year. The 35% market share suggests that North America is a major player in the market, potentially benefiting from factors such as technological advancements, infrastructure development, and consumer preferences. Understanding this statistic can provide insights into the regional dynamics and competitiveness within the fiber cement industry on a global scale.

The largest market share for fiber cement is expected to continue in the non-residential sector with a revenue of $7.9 bn by 2025.

The statistic indicates that the non-residential sector is projected to maintain the highest market share for fiber cement, with an estimated revenue of $7.9 billion by the year 2025. This suggests that businesses, industries, and other non-residential establishments are likely to account for a significant portion of the demand for fiber cement products in the coming years. This could be due to factors such as the durability, fire resistance, and low maintenance requirements of fiber cement, which make it particularly suitable for commercial and industrial applications. Additionally, the expected revenue figure highlights the substantial economic value that fiber cement is expected to generate within the non-residential construction industry by 2025.

The roofing products segment of fiber cement market is expected to reach a revenue of $2.4 billion by 2025.

The statistic indicates that the roofing products segment within the fiber cement market is projected to generate a revenue of $2.4 billion by the year 2025. This forecast suggests that there is anticipated growth and demand for fiber cement roofing products within the construction industry over the next few years. Factors such as increasing construction activities, advancements in technology, and the durability and performance benefits of fiber cement roofing products are likely driving this growth projection. Overall, this statistic provides insight into the potential market size and revenue generation within the roofing products segment of the fiber cement market by 2025.

The fireproof fiber cement segment will grow at a CAGR of 3.2% through 2025.

This statistic indicates that the market for fireproof fiber cement products is projected to experience a Compound Annual Growth Rate (CAGR) of 3.2% from the present year up to the year 2025. This means that the demand for fireproof fiber cement materials, such as boards and siding, is expected to steadily increase at an average annual rate of 3.2% over the specified period. This growth rate suggests a positive outlook for the fireproof fiber cement segment, reflecting potential opportunities for manufacturers and suppliers in this market to expand their presence and offerings to meet the anticipated rise in demand for these fire-resistant building materials.

Asia-Pacific region led the fiber cement market in 2018, with over 42% of total volume.

The statistic indicates that in 2018, the Asia-Pacific region was the dominant market for fiber cement, accounting for over 42% of the total volume worldwide. This indicates that the Asia-Pacific region had the highest demand for fiber cement products compared to other regions, such as Europe or North America. The region’s leadership in the fiber cement market suggests a strong market size, growth opportunities, and potentially favorable economic conditions, such as infrastructure development and urbanization trends driving the use of fiber cement in construction and building projects. The statistic highlights the significance of the Asia-Pacific region as a key player in the global fiber cement market.

The fiber cement market in Middle East & Africa is expected to grow at a CAGR of 6.4% between 2019 and 2026.

This statistic indicates that the fiber cement market in the Middle East & Africa region is projected to experience a Compound Annual Growth Rate (CAGR) of 6.4% from 2019 to 2026. This suggests a steady and consistent growth rate for the fiber cement industry over the forecasted period. A CAGR of 6.4% implies that the market is expected to expand by an average of 6.4% each year during this time frame, reflecting increasing demand, investments, and opportunities within the region for fiber cement products. This growth trend highlights the potential for market players to capitalize on the expanding market and potentially achieve profitable outcomes in the industry.

The fiber cement cladding market in North America is projected to witness a growth of over 4.5% up to 2026.

The statistic suggests that the fiber cement cladding market in North America is expected to experience a steady growth rate of over 4.5% until the year 2026. This indicates a positive outlook for the industry, with increasing demand for fiber cement cladding products in the region. The projected growth reflects various factors such as a growing construction industry, rising infrastructure development activities, and the advantages of fiber cement cladding in terms of durability, low maintenance, and aesthetic appeal. Overall, the statistic points towards a promising future for the fiber cement cladding market in North America, with opportunities for businesses and investors in the sector.

The fiber cement roofing market in Europe is likely to surpass USD 800 million by 2026.

This statistic suggests that the fiber cement roofing market in Europe is expected to experience significant growth and reach a value exceeding USD 800 million by the year 2026. This projection indicates a positive trend in the demand for fiber cement roofing products in the European market, potentially driven by factors such as increasing construction activities, urbanization, and the emphasis on sustainable and durable building materials. The forecasted value serves as an indicator of the market’s expected trajectory and the opportunities that exist for companies operating within the fiber cement roofing industry in Europe over the coming years.

Conclusion

Through comprehensive analysis of fiber cement industry statistics, it is evident that this sector continues to demonstrate steady growth and promising prospects. With increasing demand for sustainable and durable construction materials, fiber cement products are well-positioned to be a key player in the building materials market. Businesses operating in this industry can leverage these statistics to make informed decisions and capitalize on the opportunities presented by the evolving landscape of the fiber cement industry.

References

0. – https://www.www.industryarc.com

1. – https://www.www.mordorintelligence.com

2. – https://www.www.globenewswire.com

3. – https://www.www.gminsights.com

4. – https://www.www.marketsandmarkets.com

5. – https://www.www.grandviewresearch.com

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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