LONDON, June 30, 2016 /PRNewswire/ -- The global market
for fiber cement is projected to grow from USD 13.75 billion in 2016 to reach USD 17.38 billion by 2021, at an estimated CAGR
of 4.80% from 2016 to 2021. Growth in the construction industry
throughout the world as well as strict regulations against the use
of asbestos cement have played a huge role in providing the
necessary momentum to the fiber cement market, after the economic
slowdown.
"Fiber cement roofing to gain maximum traction during the forecast
period"
Roofing is projected to be the fastest-growing application of fiber
cement in the next five years. Fiber cement roofing is durable and
aesthetically pleasing. However, siding is projected to be the most
common application of fiber cement by 2021, in terms of market
size.
"Asia-Pacific contributes the
maximum market share in 2015"
The market for fiber cement is also segmented based on region which
includes North America,
Europe, Asia-Pacific, and Rest of the World.
Asia-Pacific accounted for the
largest share of the total demand generated by the global fiber
cement market in 2015 because of the willingness of companies in
the region to take up capital-intensive projects, along with the
availability of technical expertise. The Asia-Pacific region is projected to be the
fastest-growing market for fiber cement, during the forecast
period, owing to the rising economy and the rapid growth in the
infrastructure sector.
Breakdown of primaries:
Primary interviews were conducted with a number of industry experts
in order to collect data related to different aspects of fiber
cement.
The distribution of primary interviews is as follows:
• By Company Type: Tier 1 – 56%, Tier 2 – 33%, Tier 3 – 11%
• By Designation: Director level – 59%, C level – 28%, Others –
13%
• By Region: North America – 43%,
Asia-Pacific – 29%, Europe – 21%, RoW – 7%
The various suppliers of fiber cement and related products in
the report are as follows:
1. Etex Group NV (Belgium)
2. James Hardie Industries PLC (Ireland)
3. Evonik Industries AG (Germany)
4. Compagnie de Saint Gobain SA (France)
5. Toray Industries Inc (Japan)
6. CSR Limited (Australia)
7. The Siam Cement Public Company Limited (Thailand)
8. Nichiha Fiber Cement (Japan)
9. Plycem USA, Inc. (U.S.)
10. Cembrit Holding A/S (Denmark)
REASONS TO BUY THE REPORT:
This report will help the market leaders/new entrants in this
market in the following ways:
1. This report segments the market for fiber cement comprehensively
and provides the closest approximations of the revenue numbers for
the overall market and the subsegments across the different
verticals and regions.
2. This report will help stakeholders to understand the market and
provide them information on key market drivers, restraints,
challenges, and opportunities.
3. This report will help stakeholders to better understand their
competitors and gain more insights into their position in the
business.
Download the full report:
https://www.reportbuyer.com/product/3912472/
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To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/fiber-cement-market-by-material-application-end-use---forecast-to-2021-300293087.html
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