Fiber Cement Board Market To Reach $27.19 Billion By 2030

Fiber Cement Board Market Growth & Trends

The global fiber cement board market size is expected to reach USD 27.19 billion by 2030, registering at a CAGR of 12.5% from 2024 to 2030, according to a new study conducted by Grand View Research, Inc. Fiber cement boards are often considered a cost-effective option in various construction applications such as cladding and flooring as these are known for their durability and longevity. They are resistant to rot, pests, fire, and adverse weather conditions, which helps minimize repair and replacement costs over time. Additionally, fiber cement boards require minimal maintenance, eliminating the need for costly upkeep and refinishing.

Fiber cement boards are procured in a variety of textures, finishes, and colors, allowing for a wide range of design options. As they are constructed from biodegradable and recyclable materials, fiber cement boards are considered an environmentally friendly alternative. This is due to the growing consumer preference for sustainable furniture solutions. These factors are expected to increase the market demand for furniture applications.

Cement and cellulose are the major components utilized for manufacturing fiber cement boards. Therefore, the manufacturing and expense of the product might be impacted by the availability and fluctuations in raw material prices. Any break in the supply chain could lead to higher expenses and probable production delays.

The manufacturing process and technological improvements are positively impacting the furniture industry in the market. Improvements in the processes of cutting, shaping, and joining fiber cement boards can enhance the quality, efficiency, and cost-effectiveness of furniture products. Surface treatments, coatings, and finishing advancements can also broaden the design possibilities and appeal of fiber cement board furniture.

Many players with a global presence, such as CenturyPly and Everest Industries Limited, are engaged in forward integration, i.e., they manufacture the products as well as directly sell their products to end users. They mainly sell their products through employees spread across different regions, product categories; and business segments. Additionally, the market players also maintain their e-commerce websites to reach a wide audience and eliminate the involvement of intermediaries or distributors.

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Fiber Cement Board Market Report Highlights

• HDFCB (high-density fiber cement board) was the largest market segment and accounted for 60.8% of the revenue share in 2023. Due to their minimal water absorption, HDFCB are particularly resistant to moisture-related effects such as warping, swelling, and mold growth. As a result, they are ideal for use in damp locations such as bathrooms and kitchens

• The Low Density Fiber Cement (LDFC) board is characterized by its light weight. It is a flexible building material that blends cement, cellulose fibers, and additives to produce a long-lasting and lightweight product. In terms of handling, installation, and performance, LDFC boards have various advantages. They are resistant to impact, weathering, decay, and insect infestation. As a consequence, they are suitable for flooring, roofing, wall cladding, and decorative displays

• The market for pre-fabricated shelters was the fastest growing segment with a CAGR of 13.6% in terms of volume in 2023. Fiber cement board offers a number of features that make it ideal for prefabricated shelter buildings. Prefabricated shelters are produced off-site in a controlled environment and then transported to the intended installation site

• In 2023, wall cladding and panels were the largest segment with a 64.0% revenue share. As fiber cement board has various advantages for wall cladding applications, it is frequently utilized in both residential and commercial developments. Fiber cement board is extremely durable and weather resistant, and can withstand moisture, UV radiation, and temperature variations. These characteristics make it suitable for exterior wall cladding, which is propelling the market growth

• The major manufacturers in the fiber cement board market include Beijing Hocreboard Building Materials Co. Ltd., HIL Limited, CenturyPly, Everest Industries Limited, and SAINT-GOBAIN. Companies are engaged in the adoption of strategic initiatives such as new product development and vertical integration to gain a competitive edge

Fiber Cement Board Market Segmentation

Grand View Research has segmented the global fiber cement board market on the basis of type, application, and region:

Fiber Cement Board Type Outlook (Volume, Million Square Meters; Revenue, USD Billion, 2018 - 2030)

• High-density

• Medium-density

• Low-density

Fiber Cement Board Application Outlook (Volume, Million Square Meters; Revenue, USD Billion, 2018 - 2030)

• Furniture

• Flooring

• Wall Cladding & Panels

• Prefabricated Shelters

• Other Applications

Fiber Cement Board Regional Outlook (Volume, Million Square Meters; Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

• Central & South America

  • Brazil

• Middle East & Africa

  • Saudi Arabia

  • UAE

List of Key Players in the Fiber Cement Board Market

• Beijing Hocreboard Building Materials Co. Ltd.

• HIL Limited

• CenturyPly

• Everest Industries Limited

• SAINT-GOBAIN

• Sahyadri Industries Pvt. Ltd.

• Toray Building Materials Co., Ltd.

• Visaka Industries

• James Hardie Building Products Inc.

• Allura