Fiber Cement Board Market to be Worth $27.18 Billion by 2030: Grand View Research, Inc.

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09 Aug, 2023, 06:35 ET

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SAN FRANCISCO, Aug. 9, 2023 /PRNewswire/ -- The global fiber cement board market size is expected to reach USD 27.18 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.3% from 2023 to 2030. Fiber cement boards are often considered a cost-effective option in various construction applications such as cladding and flooring as these are known for their durability and longevity. They are resistant to rot, pests, fire, and adverse weather conditions, which helps minimize repair and replacement costs over time. Additionally, fiber cement boards require minimal maintenance, eliminating the need for costly upkeep and refinishing.

Key Industry Insights & Findings from the report:

Read full market research report, "Fiber Cement Board Market Size, Share & Trends Analysis Report By Type (High-density, Medium-density, Low-density), By Application (Furniture, Flooring, Wall Cladding & Panels), By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.

Fiber Cement Board Market Growth & Trends

Fiber cement boards are procured in a variety of textures, finishes, and colors, allowing for a wide range of design options. As they are constructed from biodegradable and recyclable materials, fiber cement boards are considered an environmentally friendly alternative. This is due to the growing consumer preference for sustainable furniture solutions. These factors are expected to increase the market demand for furniture applications.

Cement and cellulose are the major components utilized for manufacturing fiber cement boards. Therefore, the manufacturing and expense of the product might be impacted by the availability and fluctuations in raw material prices. Any break in the supply chain could lead to higher expenses and probable production delays.

The manufacturing process and technological improvements are positively impacting the furniture industry in the market. Improvements in the processes of cutting, shaping, and joining fiber cement boards can enhance the quality, efficiency, and cost-effectiveness of furniture products. Surface treatments, coatings, and finishing advancements can also broaden the design possibilities and appeal of fiber cement board furniture.

Many players with a global presence, such as CenturyPly and Everest Industries Limited, are engaged in forward integration, i.e., they manufacture the products as well as directly sell their products to end users. They mainly sell their products through employees spread across different regions, product categories; and business segments. Additionally, the market players also maintain their e-commerce websites to reach a wide audience and eliminate the involvement of intermediaries or distributors.

Fiber Cement Board Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 12.08 billion

Revenue forecast in 2030

USD 27.18 billion

Growth rate

CAGR of 13.3% from 2023 to 2030

Base year for estimation

2022

Historical data

2018 - 2021

Forecast period

2023 - 2030

Fiber Cement Board Market Segmentation

Grand View Research has segmented the global fiber cement board market on the basis of type, application, and region:

Fiber Cement Board Market - Type Outlook (Volume, Million Square Meters; Revenue, USD Billion, 2018 - 2030)

Fiber Cement Board Market - Application Outlook (Volume, Million Square Meters; Revenue, USD Billion, 2018 - 2030)

Fiber Cement Board Market - Regional Outlook (Volume, Million Square Meters; Revenue, USD Billion, 2018 - 2030)

List of Key Players in the Fiber Cement Board Market

Check out more market research studies published by Grand View Research:

Browse through Grand View Research's Advanced Interior Materials Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

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SOURCE Grand View Research, Inc.