Fiber Cement Market Report Scope & Overview:

The Fiber Cement Market is expected to increase at a CAGR of 4.5% from 2023 to 2030, from USD 17.97  billion in 2022 to USD 25.55 billion in 2030.

The demand for fiber cement can be ascribed to an increase in demand for fiber cement materials for construction activities, as a result of increased regulatory regulations on asbestos use around the world. Fiber cement materials are in great demand due to factors such as high demand from contractors for environmentally friendly and sustainable construction products all over the world.

Fiber cement, often known as reinforced fiber cement, is a composite construction material. The majority of it is made up of Portland cement, fine silica (sand), cellulosic material, and other additives. Fiber cement is a low-cost composite material that is fungus, mould, and bacteria resistant, making it more durable. Furthermore, the substance is harmless to the environment and can be put directly in landfills. Boards, panels, and siding made of fiber cement are commonly utilised in the construction of residential and commercial structures due to their fire and impact resistance. Exterior wall cladding, partition walls, ceilings, and aesthetic applications all use fiber cement panels.

Fiber Cement Market Revenue 2030

Get more information on Fiber Cement Market - Request Sample Report

Market dynamics:


  •  Use in the construction industry.


  • Increasing global population

  • High disposable income

  • Rapid adoption of the nuclear family 


  • High installation cost

Impact of COVID-19:

Report on the Economic Situation and Prospects for 2020 Governments around the world have implemented a variety of monetary and fiscal strategies to alleviate the impact of COVID-19, resulting in consumer relief.

COVID-19 had a significant influence on the world economy, wreaking havoc on global trade and affecting households, businesses, financial institutions, industrial enterprises, and infrastructure corporations all at the same time. The global spread of COVID-19 significantly reduced construction activity, affecting the entire fiber cement market volume in 2020. Due to lockdown limitations in several nations, which hampered production activities during the COVID-19 epidemic, the building materials sector saw a significant reduction in terms of trade. Due to the disturbance in logistics, obtaining raw materials was difficult. Because China is the world's largest producer of Portland cement, the spread of COVID-19 had a significant impact on the worldwide fiber cement business.

Market Segmentation:

By Product

  • Boards

  • Panels

  • Others

By Application

  • Siding

  • Roofing

  • Flooring

  • Molding & Trim

  • Inner Lining

  • Fire and Acoustic Walls

  • Partition Wall

  • Others

By End Use

  • Residential

  • Non-residential

By Raw Material

  • Portland Cement

  • Silica

  • Cellulosic Fibers

  • Others

Fiber Cement Market Segment Pie Chart

Get Customized Report as per your Business Requirement - Request For Customized Report

Regional analysis:

Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa have all been investigated for the worldwide fiber cement market. In 2020, Asia-Pacific will account for more than 40% of the worldwide market. Increased governmental and private construction expenditure in countries like India, Thailand, and South Korea is expected to enhance fiber cement demand in the regional market.

The affordable housing dilemma in Germany and the United Kingdom is to blame for Europe's market expansion. Countries in the region are taking steps to repurpose idle properties, increase construction productivity, optimise land use, and improve the design.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • South Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players:  

The Key Players are James Hardie Industries PLC (Ireland), Allura (US), Cembrit Holding A/S (Denmark), CSR Limited (Australia), Etex Group NV (Belgium), Toray Industries Inc. (US), American Fiber Cement Corporation (US), Nichiha (Japan), GAF (US), Shandong Lutai Building Material Science, Technology Group Co., Ltd (China) & Other Players.

Hardie Industries PLC (Ireland)-Company Financial Analysis

Fiber Cement Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 17.97  Billion
Market Size by 2030 US$ 25.55 Billion
CAGR CAGR of 4.5% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product (Boards, Panels, Others)
• By Application (Siding, Roofing, Flooring, Molding & Trim, Inner Lining, Fire and Acoustic Walls, Partition Wall, Others)
• By End Use (Residential, Non-residential)
• By Raw Material (Portland Cement, Silica, Cellulosic Fibers, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles James Hardie Industries PLC (Ireland), Allura (US), Cembrit Holding A/S (Denmark), CSR Limited (Australia), Etex Group NV (Belgium), Toray Industries Inc. (US), American Fiber Cement Corporation (US), Nichiha (Japan), GAF (US), Shandong Lutai Building Material Science, Technology Group Co., Ltd (China).
DRIVERS •  Use in the construction industry.
RESTRAINTS • Increasing global population
• High disposable income
• Rapid adoption of the nuclear family

Frequently Asked Questions

Ans: Manufacturers, Consultants, aftermarket players, associations, Research institutes, private and universities libraries, suppliers, and distributors of the product.

Ans: Allura (US), Cembrit Holding A/S (Denmark), CSR Limited (Australia), Etex Group NV (Belgium), Toray Industries Inc. (US), American Fiber Cement Corporation (US), Nichiha (Japan), GAF (US), Shandong Lutai Building Material Science, Technology Group Co., Ltd (China)  are the major Key players of  Fiber Cement

Ans: Use in the construction industry are the Drivers for Fiber Cement Market

Ans: The global fibre cement market is expected to increase at a CAGR of 4.5% from 2023 to 2030

Ans: The global fiber cement market Size is USD 17.97  billion in 2022 to USD 25.55 billion in 2030.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Global Fiber Cement Market Segment, By Product

8.1 Boards

8.2 Panels

8.3 Others

9. Global Fiber Cement Market Segment, By Application

9.1 Siding

9.2 Roofing

9.3 Flooring

9.4 Molding & Trim

9.5 Inner Lining

9.6 Fire and Acoustic Walls

9.7 Partition Wall

9.8 Others

10. Global Fiber Cement Market Segment, By End Use

10.1 Residential

10.2 Non-residential

11. Global Fiber Cement Market Segment, By Raw Material

11.1 Portland Cement

11.2 Silica

11.3 Cellulosic Fibers

11.4 Others

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2    Canada

12.2.3    Mexico

12.3 Europe

12.3.1    Germany

12.3.2    UK

12.3.3    France

12.3.4    Italy

12.3.5    Spain

12.3.6    The Netherlands

12.3.7    Rest of Europe

12.4 Asia-Pacific

12.4.1    Japan

12.4.2    South Korea

12.4.3    China

12.4.4    India

12.4.5    Australia

12.4.6    Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1    Israel

12.5.2    UAE

12.5.3    South Africa

12.5.4    Rest

12.6 Latin America

12.6.1    Brazil

12.6.2    Argentina

12.6.3    Rest of Latin America

13. Company Profiles

13.1   James Hardie Industries PLC (Ireland)

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Allura (US)

13.3 Cembrit Holding A/S (Denmark)

13.4 CSR Limited (Australia)

13.5 Etex Group NV (Belgium)

13.6 Toray Industries Inc. (US)

13.7 American Fiber Cement Corporation (US)

13.8 Nichiha (Japan)

13.9 GAF (US)

13.10 Shandong Lutai Building Material Science

13.11 Technology Group Co., Ltd (China).

14. Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share Analysis

14.3 Recent Developments

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.


The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone