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Fiber cement industry - PowerPoint PPT Presentation

Attractive Market Opportunities for Fiber Cement

Attractive Market Opportunities for Fiber Cement

The market for fiber cement was valued at USD 13.20 Billion in 2015. It is projected to grow at a CAGR of 4.80% between 2016 and 2021. The base year considered for the study is 2015. The objective of the report is to define, segment, and project the size of the fiber cement market on the basis of material, end use, application, and region and to provide detailed information regarding the main factors such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the market. The competition in the fiber cement industry is growing considerably owing to the growth of the construction industry and emergence of new technologies.

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Fiber Cement Market worth 17.38 Billion USD by 2021

Fiber Cement Market worth 17.38 Billion USD by 2021

MarketsandMarkets projects that the market for fiber cement will grow from USD 13.75 Billion in 2016 to USD 17.38 Billion by 2021, at a CAGR of 4.80%. The market for fiber cement is growing due to growth in the construction industry and stringent regulations regarding the use of asbestos cement. Rising per capita income of the middle class has increased its purchasing power, which has resulted in an increase in the number of new constructions. The fiber cement market is segmented on the basis of material, application, end-use, and region. On the basis of material, Portland cement, which is the most widely used type of cement used for making concrete and mortar, held the largest market share. It is a low-cost material and is readily available, which makes it one of the widely used materials for construction globally.

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