Feb 28, 2023

billion by 2029 According to Exactitude Consultancy the Global Fiber Cement Market value is expected to reach USD 21.5 billion by 2029, growing at a 2.51% CAGR of Between Forecast Period 2023 and 2029. February 28, 2023 05:13 ET Maharashtra, INDIA Luton, Bedfordshire, United Kingdom, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Fiber Cement Market. The global Fiber Cement Market Size is expected to grow at a 2.51% CAGR from 2023 to 2029. It is expected to reach above USD 21.5 billion by 2029 from USD 17.2 billion in 2022. The fiber cement market is a rapidly growing industry that produces a variety of building materials made from a mixture of cement, sand, and cellulose fibers. These materials are highly durable, weather-resistant, and fire-resistant, making them an ideal choice for building exteriors, roofing, and siding. The market for fiber cement products has been driven by a growing demand for sustainable and low-maintenance building materials, as well as increased construction activity in developing economies. The use of fiber cement has also been fueled by the need for improved energy efficiency and the desire for more aesthetically pleasing building exteriors. The fiber cement market is segmented by application, product type, end-use industry, and geography. The major product types in the market include boards, sheets, and panels, while the primary end-use industries are residential, commercial, and industrial construction. Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Fiber Cement Market Recent Developments In March 2022, James Hardie Industries took a step further for its planned fiber cement capacity expansion by purchasing land in Melbourne, Victoria. The company plans to add a fiber cement manufacturing site in the State of Victoria to support the strong demand for high-value building solutions in the Asia Pacific region. As of January 2022, Swisspearl Group AG acquired Denmark’s fiber cement major, Cembrit, thereby emerging as the second-largest fiber cement manufacturer in Europe. This acquisition strengthened Swisspearl Group’s geographical reach and aided it in developing new focus markets Request Free Sample Copy of the Report: