According to the recent research report title ‘Fiber Cement Market Size By Application (Siding, Roofing), By Sector (Residential, Non-Residential [Commercial, Institutional, Industrial]), By End-User (New Construction, Improvements & Repair), COVID19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global fiber cement market is expected to observe significant growth over 2021-2027.
 

Global fiber cement market growth is primarily driven by growing replacement of asbestos roofing, increasing expenditure on construction projects, and exceptional quality of the product. Besides, concerns regarding ageing buildings, and government inclination towards enhancing commercial infrastructure is adding to the industry progression.  Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3878239/ For the unversed, fiber cement, also known as fiber reinforced cement, is a mixture of cement, wood fiber, and other additives that are not only environmentally friendly, but also outperform other siding materials when it comes to standing against harsh weather, insects, and wear. Fiber cement is a flexible construction material that is also one of the most energy efficient in the market today. It requires less energy in construction and assembly than other wall materials. Furthermore, no pesticides are used in the use or manufacture of fiber cement. Elaborating on challenges, high installation cost and the outbreak of COVID-19 pandemic are likely to hinder the industry expansion over the forecast timespan.

With respect to application scope, sliding application segment of worldwide fiber cement industry is expected to record a compound annual growth rate of 3.6% through 2027, owing to increasing construction activities in developed countries, and surge in repair & remodeling activities.
 

As per sector gamut, industrial segment is projected to grow substantially over 2021-2027, creditable to rising material consumption, and growing industrial activities across emerging economies.
 

Based on end user scope, improvements & repair segment share is slated to witness significant growth over the study period, attributable to increasing focus of the government on improving local infrastructure, combined with growing concerns about ageing structures.
 

Regionally, Middle East & Africa is speculated to be the fourth largest market for fiber cement in terms of sold volume by the year 2027. The use of fiber cement products will increase with rising income levels and implementation of several government measures to improve commercial infrastructure in the region.
 

Prominent organizations defining the competitive landscape of global fiber cement marketplace are TD LTM LLC, Swisspearl, Taiga Building Products Ltd., TPI Polene plc, Etex Group, SCG International Corporation Co. Ltd., and Wehrhahn GmbH among others.