Fiber Cement Board Market Size Worth $ 15.50 Billion By 2032 | CAGR: 4.50%

Fiber Cement Board Market Size Worth $ 15.50 Billion By 2032 | CAGR: 4.50%


The global fiber cement board market size is expected to reach USD 15.50 billion by 2032, according to a new study by Polaris Market Research. The report “Fiber Cement Board Market Share, Size, Trends, Industry Analysis Report, By Type (High-density, Medium-density, Low-density); By Application (Furniture, Flooring, Wall Cladding & Panels, Pre-fabricated Shelters, Others); By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Fiber cement boards are renowned for their cost-effectiveness and are widely utilized in various construction applications, including cladding and flooring. Their exceptional durability and resistance to rot, pests, fire, & adverse weather conditions make them a long-lasting option, reducing the need for frequent repairs and replacements. With a diverse range of textures, finishes, & colors available, they offer abundant design possibilities. Additionally, fiber cement boards are environmentally friendly as they are made from biodegradable and recyclable materials, aligning with the increasing consumer preference for sustainable furniture solutions. These factors contribute to the growing market demand for fiber cement boards in furniture applications.

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Fiber cement boards are primarily manufactured using cement and cellulose, making the availability and fluctuations in raw material prices crucial factors that can impact the manufacturing process and expenses. However, advancements in manufacturing processes and technology have had a positive impact on the furniture industry within the market. Improved techniques for cutting, shaping, and joining fiber cement boards have enhanced the quality, efficiency, and cost-effectiveness of furniture products. Furthermore, advancements in surface treatments, coatings, and finishing have expanded the design possibilities and aesthetic appeal of furniture made from fiber cement boards.

Major global players in the market, including CenturyPly & Everest Industries, have adopted a forward integration strategy. This means that they are involved in both the manufacturing of fiber cement products and the direct sale of these products to end users. These companies have established a strong presence through their widespread network of employees, who are responsible for selling products across different regions, product categories, and business segments. In addition to traditional sales channels, these market players have also embraced e-commerce by maintaining their own websites. This allows them to reach a broader audience and bypass intermediaries or distributors in the sales process.

Fiber Cement Board Market Report Highlights

  • HDFCB segment dominated the market, owing to its low absorption rate, moistening effects, and high adoption in damp places 
  • LDFC segment expected to grow at the fastest rate, as they are resistant to pest, weathering, and decaying
  • Pre-fabricated shelters segment will grow at the steady rate, as they are most suited for the shelter buildings
  • Middle East expected to grow at the fastest rate, due to government investment of real estate to drive outbound tourism in the country
  • Asia Pacific region dominated the market, owing to rise in construction activities, favorable government policies, and significant investment by the private entities
  • The global key market players include Beijing, Sahyadri Industries, Toray Building Materials, Visaka Industries, James Hardie Building, and Allura

Polaris Market Research has segmented the fiber cement board market report based on type, application, and region:

Fiber Cement Board, Type Outlook (Revenue - USD Billion, 2023 - 2032)

  • High-density
  • Medium-density
  • Low-density

Fiber Cement Board, Application Outlook (Revenue - USD Billion, 2023 - 2032)

  • Furniture
  • Flooring
  • Wall Cladding & Panels
  • Pre-fabricated Shelters
  • Others

Fiber Cement Board, Regional Outlook (Revenue - USD Billion, 2023 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Fiber Cement Board Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 10.91 billion

Revenue forecast in 2032

USD 15.50 billion

CAGR

4.50% from 2024– 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Type, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key Customization

Report customization as per your requirements with respect to countries, region and segmentation

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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