March 3, 2020 16:00 ET | Source: Reports and Data
New York, New York, United States
New York, March 3, 2020 (GLOBE NEWSWIRE) - According to the current analysis of reports and data, the global fiber cement board market is worth 13.43 billion U.S. dollars in 2019 and is expected to reach 19.89 billion U.S. dollars by 2027, with a compound annual growth rate of 5.03%. Fiber cement board (FCB) is a building material used as a building material by mixing cement with various organic or mineral fibers in a specified ratio. The addition of fibers to fiber cement imparts several properties that are important for the application and applicability of composite materials. Some of these attributes include crack resistance, lighter weight, and a certain degree of flexibility important to the fiber cement board market. These panels are mainly used for decorative purposes, such as wall panels, floors, ceilings, roofing materials, soffits and decorations, and as tile back panels. Due to its high water resistance, fire resistance and termite resistance, it is the first choice for the construction of high-quality and durable furniture and houses.
Request a free sample of this research report: https://www.reportsanddata.com/sample-enquiry-form/340
The fiber cement board market is witnessing significant growth because it is used as siding in the interior of houses, such as bathrooms and kitchens, because of its durability, waterproof and waterproof properties. In addition, speeding up construction expenditures, especially new housing construction expenditures, will stimulate demand. The adoption of fiber cement boards in major end-use industries (ie, residential, commercial, and other industries) has increased. In addition, the rapid growth of the residential sector is another factor driving market growth.
In addition, it is expected that favorable government regulations and awareness of environmental degradation will accelerate the growth of the fiber cement board market during the expected period. Due to the increasing population, coupled with the healthy development of the economy and industry, the construction expenditures of emerging economies in the Asia-Pacific region continue to increase, which is expected to have a positive impact on product demand in the near future. In addition, various capital investments in public infrastructure have also boosted the growth rate. The emergence of residential construction industries in China and India is expected to contribute to construction expenditures in the next few years due to improved living standards, consumer spending power and changes in lifestyles.
Today, major market players are focusing on various strategic activities, including research and development activities, to explore applications in the fiber cement board market, as well as mergers and acquisitions, facility expansion and related investments.
The further main findings of the report indicate
Order now: https://www.reportsanddata.com/checkout-form/340
For the purpose of this report, the report and data have been broken down by material, product, production process, application, end use, and area:
Materials (revenue, million dollars; volume million square feet, 2017-2027)
Products (revenue, million dollars; volume million square feet, 2017-2027)
Production process (revenue, million dollars; volume million square feet, 2017-2027)
Application (revenue, millions of dollars; volume in millions of square feet, 2017-2027)
End use (revenue, millions of dollars; volume in millions of square feet, 2017-2027)
To identify the major trends in the industry, please click on the following link: https://www.reportsanddata.com/report-detail/global-fiber-cement-board-market-2017-forecast-to-2022
Regional Outlook (Revenues in Millions; Sales in Millions of Square Feet, 2017-2027)
Browse more similar reports on building material categories by report and data
Polymer Concrete Market-https://www.reportsanddata.com/report-detail/polymer-concrete-market
Wood Floor Market-https://www.reportsanddata.com/report-detail/wooden-decking-market
Green Cement Market-https://www.reportsanddata.com/report-detail/green-cement-market
Reports and Data is a market research and consulting company that provides joint research reports, customized research reports and consulting services. Our solutions are fully focused on your purpose, that is, positioning, positioning and analyzing changes in consumer behavior across demographics and industries, and helping customers make more informed business decisions. We provide market intelligence research to ensure relevant and fact-based research across multiple industries, including healthcare, technology, chemicals, power, and energy. We constantly update our research products to ensure that our customers understand the latest trends existing in the market. Reports and Data has a strong base of experienced analysts from different professional fields.