Hi, what are you looking for?
The global fiber cement board market size was USD 14.5 Billion in 2021 and is expected to register a revenue CAGR of 4.83% during the forecast period. Major factors driving market revenue growth include rising demand for environment-friendly and sustainable construction products, advantages of fiber cement boards over their alternatives, and increasing government regulations on use of asbestos. The Fiber Cement Board (FCB) is a building material that has been used in construction activities by mixing cement with various organic or mineral fibers at specified ratios. The addition of fiber to cement imparts several attributes, such as resistance to cracking, lightweight, and improved flexibility. Furthermore, addition of the product also ensures production of good quality and long-lasting furniture with high resistance to water, fire, and termites.
Some key application areas for fiber cement board include sidings, flooring, ceilings, roofing materials, soffit and trims, and as a tile backing board. The product is being increasingly adopted for siding applications in bathrooms and kitchens, owing to properties, such as superior durability and water resistance, as well as for its waterproof nature. Increasing spending on construction, particularly for new housing, is expected to drive product demand. Product adoption has increased in prime end-use industries, such as residential, commercial, and others in recent times. Rapid growth of the residential sector is a major driver for the global fiber cement board market, and favorable government policies and increasing awareness about environmental degradation are expected to drive market revenue growth over the forecast period.
Growing awareness about sustainable development and increasing construction of green buildings are also likely to support revenue growth of the market. It is created from recycled resources, such as cellulose fibers, sand, and cement, which helps to protect human health and the environment. Asbestos-free and non-toxic components are used in this product, and it can simulate the appearance of wood siding, clapboard, and shingles with design versatility, along with keeping the cost down. However, lack of skilled workers required for installation and utilization of fiber board is expected to hinder market revenue growth to some extent.
Request Sample of this report @ https://www.reportsanddata.com/sample-enquiry-form/340
Further key findings from the report suggest
For the purpose of this report, Reports and Data have segmented the report on the basis of material, product, production process, application, end-use, and region:
Material (Revenue, USD Million; Volume in Million Sq. Ft., 2019–2030)
Product (Revenue, USD Million; Volume in Million Sq. Ft., 2019–2030)
Production Process (Revenue, USD Million; Volume in Million Sq. Ft., 2019–2030)
Application (Revenue, USD Million; Volume in Million Sq. Ft., 2019–2030)
End-Use (Revenue, USD Million; Volume in Million Sq. Ft., 2019–2030)
Regional Outlook (Revenue in USD Million; Volume in Million Sq. Ft., 2019–2030)
Explore Trending Research Reports by Reports and Data
Geosynthetics Market: https://www.globenewswire.com/en/news-release/2021/01/18/2160197/0/en/Geosynthetics-Market-To-Be-Worth-USD-22-11-Billion-By-2027-High-Demand-from-Europe-and-North-America-will-Drive-the-Industry-Growth-says-Reports-and-Data.html
Fibre Cement Board Market: https://www.globenewswire.com/news-release/2020/03/03/1994652/0/en/Fiber-Cement-Board-Market-To-Reach-USD-19-89-Billion-By-2027-Reports-And-Data.html
HVAC Rental Equipment Market: https://www.globenewswire.com/news-release/2019/04/22/1807373/0/en/HVAC-Rental-Equipment-Market-To-Reach-USD-6-29-Billion-By-2026-Reports-And-Data.html
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Media Contact Company Name: Reports and Data Contact Person: John Watson Email: Send Email Phone: +1-212-710-1370 Address:40 Wall St. 28th floor City: New York City State: NY 10005 Country: United States Website: https://www.reportsanddata.com/report-detail/fiber-cement-board-market
Google is looking to up its smartphone game with the Pixel 7, the latest entrant in a competitive corner of personal electronics.
La Niña is expected to be in place this winter for the third year in a row, amd this phenomenon will have an impact...
Luxury megayacht Nord, reportedly tied to Russian billionaire Alexei Mordashov, is seen anchored in Hong Kong waters on October 7, 2022 - Copyright AFP...
In a harsh alpine desert, the Great Basin bristlecone pines abide amid climate change. Among them is the oldest tree on Earth.
COPYRIGHT © 1998 - 2022 DIGITAL JOURNAL INC. Sitemaps: XML / News . Digital Journal is not responsible for the content of external sites. Read more about our external linking.