Global Fiber Cement Siding Market

Fiber Cement Siding Market Size, Share, Growth Analysis, By Material(Portland cement, Silica), By Application(Siding, Roofing), By Type(Clapboard, Shingles), By End-User(Residential and Commercial) - Industry Forecast 2024-2031


Report ID: SQMIG15F2170 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 118 | Figures: 67

Fiber Cement Siding Market Insights

Global Fiber Cement Siding Market size was valued at USD 116.77 billion in 2022 and is poised to grow from USD 121.44 billion in 2023 to USD 166.20 billion by 2031, growing at a CAGR of 4.0% in the forecast period (2024-2031).

Increasing residential construction across the globe is a key driver for the studied market. In addition, it offers many advantages offered by fiber cement, such as exhibiting longevity, representing a durable alternative to conventional cement, exhibiting superior strength and paint compatibility. Manufacturers of building materials are more accurate to add fiber cement materials to the performance of their business.

Fiber cement offers significant environmental benefits, as it is made from recycled materials and has a low carbon footprint. The product is used in a wide range of applications, including siding, roofing, flooring and backer board. The inherent advantages of fiber cement, such as resistance to rot, insects, fire and water, have made it the preferred choice for residential and commercial construction projects.

Market snapshot - 2024-2031

Global Market Size

USD 116.77 billion

Largest Segment

Cellulosic

Growth Rate

4.0% CAGR

Global Fiber Cement Siding Market ($ Bn)
Country Share for North America Region (%)
Global Fiber Cement Siding Market By Material (%)

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Fiber Cement Siding Market Segmental Analysis

Based on material, the fiber cement siding market is segmented into portland cement, silica, cellulosic fiber, and others. Based on material, the fiber cement siding market is segmented into portland cement, silica, cellulosic fiber, and others. By application, the market is classified into siding, roofing, cladding, molding & trimming, and others. Based on type, the fiber cement siding market is segmented into clapboard, shingles, and stone or stucco. Based on end-user, the fiber cement siding market is segmented into residential and commercial. Geographically, the fiber cement siding market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America.

Analysis by Material

Portland cement is expected to dominate the market during the forecast period. Portland cement is the most common cement for limestone, iron and clay. It is an important ingredient in fiber cement siding. According to data from the International Energy Agency (IEA), cement production is estimated to increase by 12 to 23% by 2050 to meet the needs of the world’s growing population.

The cellulosic segment had the largest market share in the fiber market. This material is known to be fibrous, providing cement durability and durability over time. Thus, the demand for cellulose fiber cement has increased in the construction industry.

Analysis by Application

The siding segment accounted for the largest fiber cement market share by 2022. The use of the product in siding applications creates cracks and provides good structural flexibility when incorporated into exterior walls. Thus, the rise in the use of siding in the construction industry further increases the demand.

The rooftop segment is expected to register a moderate CAGR during the forecast period. The increase in roof fraction is associated with the growth of residential and energy-efficient construction projects. This construction project uses the material as sheets because these sheets allow for faster installation and better protection from adverse environmental conditions. It is therefore expected that the mechanical properties provided by the material in the roof application will increase the number.

Global Fiber Cement Siding Market By Material, 2022 (%)

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Fiber Cement Siding Market Regional Insights

The growth of the North American is linked to the growing demand for advanced materials and building materials that provide safety and aesthetics in homes, apartments and private villas.

Asia Pacific was valued at USD 5.49 billion by 2022. The growth of this market is associated with the increasing population and their demand for residential construction This leads to the use of the product in the residential industry for construction internal and external and environmental protection.

Global Fiber Cement Siding Market By Region, 2024-2031
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  • Fastest

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Fiber Cement Siding Market Dynamics

Drivers

Increasing Demand for Exterior Wall Systems

  • The demand for exterior wall systems is an emerging trend in the construction market. The increasing trend of this characteristic is associated with its properties such as water resistance of building materials. The adhesive provides great water resistance in this application due to its air content and folding properties which provides incredible strength for the exterior walls. Furthermore, the number of sustainable buildings has increased with the incorporation of green building materials. Consequently, using fibers for exterior wall systems as advanced green building materials to achieve energy conservation will increase the demand for the product. The government has also issued several regulations on the use of environmentally friendly energy efficient materials such as low carbon cement, concrete and exterior wall systems.

Restraints

  • Health Problems Associated with Fiber Cement

Fiber cements consist mainly of various materials such as fibrous silicate minerals, lime and ash. Excessive exposure to these fibrous silicate minerals can hamper human health, as they can cause lung cancer, cervical cancer, and other respiratory issues so governments and organizations in various countries have issued strict regulations strongly limiting their number in the product Instructions to use and safely disclose the given secret.

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Fiber Cement Siding Market Competitive Landscape

The competitive environment of the global Fiber Cement Siding market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.

Top Player’s Company Profiles

  • CSR Limited
  • Nichiha USA
  • Everest Industries Ltd.
  • Allura USA
  • Swisspearl
  • CertainTeed
  • James Hardie Building Products
  • Wehrhan GmbH
  • Etex Group
  • Cembrit

Recent Developments

  • In March 2022, James Hardie Industries took a step forward with its plans to expand fiber cement capacity with the purchase of land in Melbourne, Victoria. The company plans to add a fiber cement manufacturing facility in the state of Victoria to support the strong demand for affordable construction solutions in the Asia-Pacific region.
  • In February 2022, Swisspearl Group AG acquired the Danish fiber cement company Cembrit, thus emerging as the second largest fiber cement producer in Europe This acquisition strengthened the geographical reach of the Swisspearl Group and supported its production new market focus.

Fiber Cement Siding Key Market Trends

  • The demand for fiber cement has now increased due to the increasing demand as an advanced material in the construction industry. In recent years, urbanization and industrialization in developing countries have forced young people to migrate to cities in order to secure a better life and livelihood. This has led to an increase in residential construction, which has further increased demand. The product is used as a main ingredient in residential concrete tile, cladding and fiber cement siding for exterior waterproofing walls and thus increased construction demand is expected to boost market growth on a forecast basis during the period.

Fiber Cement Siding Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. The emphasis on advanced manufacturing technologies and innovative product offerings is an important industry trend. Manufacturers are investing in R&D to improve fiber cement performance characteristics, including toughness, weight reduction, new finishes and surface textures Also, demand is increasingly available in pre-colored fiber cement products giving customers a wider choice of colors and reducing the need for on-site painting.

Report Metric Details
Market size value in 2022 USD 116.77 billion
Market size value in 2031 USD 166.20 billion
Growth Rate 4.0%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Material
    • Portland cement, Silica, Cellulosic fiber, and Others
  • Application
    • Siding, Roofing, Cladding, Molding & trimming, and Others
  • Type
    • Clapboard, Shingles, and Stone or Stucco
  • End-User
    • Residential and Commercial
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • CSR Limited
  • Nichiha USA
  • Everest Industries Ltd.
  • Allura USA
  • Swisspearl
  • CertainTeed
  • James Hardie Building Products
  • Wehrhan GmbH
  • Etex Group
  • Cembrit
Customization scope

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  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Fiber Cement Siding Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Fiber Cement Siding Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Fiber Cement Siding Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Fiber Cement Siding Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Fiber Cement Siding Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Fiber Cement Siding Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Fiber Cement Siding Market size was valued at USD 116.77 billion in 2022 and is poised to grow from USD 121.44 billion in 2023 to USD 166.20 billion by 2031, growing at a CAGR of 4.0% in the forecast period (2024-2031).

The competitive environment of the Fiber Cement Siding market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'CSR Limited', 'Nichiha USA', 'Everest Industries Ltd.', 'Allura USA', 'Swisspearl', 'CertainTeed', 'James Hardie Building Products', 'Wehrhan GmbH', 'Etex Group', 'Cembrit'

The demand for exterior wall systems is an emerging trend in the construction market. The increasing trend of this characteristic is associated with its properties such as water resistance of building materials. The adhesive provides great water resistance in this application due to its air content and folding properties which provides incredible strength for the exterior walls. Furthermore, the number of sustainable buildings has increased with the incorporation of green building materials. Consequently, using fibers for exterior wall systems as advanced green building materials to achieve energy conservation will increase the demand for the product. The government has also issued several regulations on the use of environmentally friendly energy efficient materials such as low carbon cement, concrete and exterior wall systems.

The demand for fiber cement has now increased due to the increasing demand as an advanced material in the construction industry. In recent years, urbanization and industrialization in developing countries have forced young people to migrate to cities in order to secure a better life and livelihood. This has led to an increase in residential construction, which has further increased demand. The product is used as a main ingredient in residential concrete tile, cladding and fiber cement siding for exterior waterproofing walls and thus increased construction demand is expected to boost market growth on a forecast basis during the period.

The growth of the North American is linked to the growing demand for advanced materials and building materials that provide safety and aesthetics in homes, apartments and private villas.

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Global Fiber Cement Siding Market

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