DUBLIN--(BUSINESS WIRE)--"The Indian fiber cement board and board market, by raw material (asbestos and non-asbestos), by end use (residential and non-residential), by application (siding, roofing, cladding, forming And trimming and others), by company and by region, forecasts and opportunities, the FY2016 to FY2027 report has been added to the products of ResearchAndMarkets.com.
By the 2026 fiscal year, the Indian fiber cement board and board market is expected to reach 760 million US dollars, with a compound annual growth rate of more than 3%. This is due to the continuous development of India’s emerging economy and the continuous expansion of fiber cement due to its strong adaptability. Therefore, it is better than its alternatives.
Due to the widespread use of fiber cement in residential and non-residential applications, it is expected that by fiscal year 2026, the roofing sector will occupy the largest market share. Fiber cement boards and slabs are in great demand in urban and rural cities. Due to high currency development and the government's expansion of investment in infrastructure development, fiber cement is expected to lead the market from FY2021 to FY2026.
Due to its weather resistance, fiber-reinforced concrete panels have been used for more than eighty years. Due to the growth of industrial applications, the views of the Indian roofing industry have changed. This has stimulated a higher interest in various types of panels (household, commercial and industrial).
In rural buildings, corrugated roof panels have repeated folds on their surface, because this unique shape provides lasting practicality and strength. Their corrugated design with ridges and grooves makes the asbestos board stronger, and their corrugated structure increases the strength to cover small surface areas.
The Indian fiber cement board and board market is segmented according to material, application, end use, region and company. According to the end use, the market can be subdivided into molding and decoration, siding, roofing, etc. Among them, the roof sector is expected to dominate the market in terms of revenue generated, which can be attributed to the continuous increase in government investment in buildings and infrastructure. In addition, designer fiber cement boards and panels have a huge application in home decoration and are widely used in cities. It is expected that the next few years will further promote the growth of this segment of the market.
The main players operating in the Indian fiber cement board and board market include Hyderabad Industries Limited (HIL), Visa Industries Limited (VIL), Mount Everest Industries Limited, Ramco Industries, Sahyadri Industries Utkal Asbestos, UP ASBESTOS LTD. (UPAL), NCL Industries, Mahaphant Fiber Cement Pvt. Ltd., Infrastructure Pvt. Ltd. Limited company etc.
Years considered in this report:
4. The impact of COVID-19 on the Indian fiber cement board and board market
6. India's fiber cement board and board market outlook
6.2.1. By raw material (asbestos and non-asbestos)
6.2.2. By application (wall panels, roofs, cladding, forming and trimming and others)
6.2.3. By end use (residential and non-residential)
6.2.5. By region (North, West, South, East)
7. North India Fiber Cement Board and Board Market Outlook
7.2.1. By raw material (asbestos and non-asbestos)
7.2.2. By application (wall panels, roofs, cladding, forming and trimming and others)
7.2.3. By end use (residential and non-residential)
8. West India Fiber Cement Board and Board Market Outlook
9. South India Fiber Cement Board and Board Market Outlook
10. East India Fiber Cement Board and Board Market Outlook
17.2.9. Mahaphant Fiber Cement Pvt. Limited company
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900