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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

Product ID: SQMIG15F2170