Fiber Cement Market, By Product Type (Flat Sheets, Boards, Panels, and Others), By Application (Exterior Walls, Roofing, Floors, Ceilings, Partitions, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Jul 2024

Code : CMI5229

Pages :132

Formats :

Excel and PDF

Industry : Advanced Materials

Market Challenges: High Capital Cost

The high capital cost required for setting up manufacturing plants for fiber cement is one of the major factors restraining the growth of the fiber cement market. Fiber cement requires specialized manufacturing facilities as it involves pressing a slurry of sand, cement, and cellulose fibers under high pressure to form panels or boards. Setting up such manufacturing plants requires huge investments which is challenging for many companies.

Market Opportunities: Increased Residential and Non-Residential Construction

Increased residential and non-residential construction provides a major opportunity for growth in the fiber cement market. As urbanization continues and populations grow, the demand for new housing and commercial buildings is booming around the world. According to data from the United Nations, the worldwide urban populations are projected to increase by over 2 billion people by 2050. This surge in urban populations will necessitate unprecedented levels of construction to provide shelter and workplaces for these new residents.