Fiber Cement Boards Market Overview:
Fiber cement boards are defined as a composite material consisting of sand, cement and cellulose fibers (plant extracts). In addition, being a cement-based composite material, it has properties such as fire resistance, dimensional stability, as well as good mechanical properties, among others.
Fiber Cement Boards market is expected to grow at a CAGR of roughly 9.2% over forecast period and will reach 2150 million USD By 2025
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Fiber Cement Boards Market Insights and Challenges:
The market is growing significantly due to its use as a siding for the house, such as bathrooms and kitchens, due to its durable nature and resistance to water. In addition, the acceleration of construction spending, especially in new homes, will boost demand. The adoption of fiberboard has increased in end-use industries, including residential, commercial and other industries. In addition, the rapid growth of the residential sector is another factor in the growth of the market.
Geographic Insights of Fiber Cement Boards Market:
The Asia-Pacific region accounts for the bulk of the global fiber cement boards market due to rapid industrialization and the growth of construction activities in China, India and the countries of East Asia. China has experienced its own industrial revolution after moving towards a mixed economy and government initiatives, such as the 13th Five-Year Plan, increase in the number of buildings, thus generating the fiber cement market during the foreseen period.
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The major manufacturers covered in this Fiber Cement Boards Market report are:
James Hardie, Etex Group, Cembrit, Mahaphant, Elementia, Everest Industries, Saint-Gobain, Hume Cemboard Industries, Taisyou, Soben board, SCG Building Materials, Kmew, PENNY PANEL, Nichiha, Lato JSC, FRAMECAD, LTM LLC, TEPE Betopan, HEKIM YAPI, Atermit, GAF, China Conch Venture holdings, HeaderBoard Building Materials, Sanle Group, Guangdong Soben Green
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