Building and Construction

The global fiber cement market size is projected to grow from USD 16.4 billion in 2020 to USD 20.3 billion by 2025, at a CAGR of 4.4% from 2020 to 2025. The market is projected to grow in accordance with the growth of the residential and non-residential sector across the globe. Fiber cement products are known for their properties, such as high strength, durability, fire-proof, and resistance to deterioration from salt or UV rays. These properties of fiber cement products increase their preference in a wide range of applications. To know about the assumptions considered for the study download the pdf brochure Portland cement is estimated to dominate the fiber cement market Portland cement, by material, accounted for the largest market share in the fiber cement market. Portland cement is the most widely used type of cement, which is used for making concrete and mortar. The chief chemical components of Portland cement are calcium, silica, alumina, and iron. It is a reasonably priced mat...

  The global   fiber cement market  size is projected to grow from USD 16.4 billion in 2020 to USD 20.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.4% during the forecast year. The growth of this market is attributed to the increasing construction activities in the residential and non-residential sectors and government regulations pertaining to the use of asbestos. To know about the assumptions considered for the study  download the pdf brochure The APAC region is projected to lead the fiber cement market, in terms of both value and volume from 2020 to 2025. The countries in this region is expected to achieve high growth in the construction sector, and in turn, triggering a huge demand for fiber cement products. Growing construction sector, particularly in rapidly-growing countries such as China and India, huge foreign investments, and growing awareness about the ill-effects of using asbestos, drive the demand for fiber cement products. The fiber ce...