Global Kidney Bean Market Overview, 2025-30

The Asia-Pacific fiber cement board market is witnessing significant growth, driven by rapid urbanization, infrastructure expansion, and rising awareness of sustainable construction materials. Countries like India, under initiatives such as Pradhan Mantri Awas Yojana, and China, with continued investments in urban development, are propelling market demand at an accelerated pace. Promotional efforts in the region have focused on highlighting the sustainability benefits and long-term cost savings of fiber cement boards. For instance, the Indian government in December 2020 announced key infrastructure projects such as National Highway projects worth approximately US$ 4.99 billion in India [DK3] which will result in the indirect escalating demands in the Fiber cement industry. In October 2021, Chintels Group announced to invest $ 53.47 million to build a new commercial project in Gurugram, covering a 9.28 lakh square feet area. The transactions of commercial real estate doubled and reached 1.5 million sq. ft. in Q1 of 2023. Governments across Asia-Pacific are tightening environmental regulations and encouraging the adoption of green building standards. Many countries are integrating certifications such as LEED and regional green building codes to promote energy-efficient and low-emission construction materials, further boosting the use of fiber cement boards. While this creates opportunities, the market also faces challenges, such as fluctuating raw material prices, energy-intensive manufacturing processes, and regulatory complexities across different jurisdictions. In July 2023, the Construction Industry Authority of the Philippines (CIAP) comes in partnership with the private sector organization and associations to recommend equitable and fair contract construction in the construction industry.

According to the research report ""Asia Pacific Fiber Cement Board Market Outlook, 2030,"" published by Bonafide Research, the Asia Pacific Fiber Cement Board market is anticipated to grow at more than 6.86% CAGR from 2025 to 2030. The strong push for affordable housing, particularly in countries like India and Indonesia. Government schemes such as India’s “Housing for All” and large-scale urban redevelopment projects in China are creating massive demand for sustainable and quick-to-install materials, providing a huge market opportunity for fiber cement board manufacturers. In April 2025, the China Building Materials Federation, Conch Group, and Huawei unveiled the industry's first AI model for cement building materials at an event in Wuhu, China, marking a major advance in the sector’s digital transformation. For instance, companies like Shera (Thailand) and Hume Cemboard (Malaysia) are expanding their presence through regional distribution networks and product innovation. Everest Industries in India has also introduced a range of high-performance boards tailored to meet local climatic and architectural needs. Technological advancements, such as low-density fiber cement and water-resistant boards are helping manufacturers differentiate them in a competitive landscape. The pandemic-induced focus on hygiene and low-touch infrastructure has also benefited the market, as fiber cement is non-porous and easy to clean qualities now sought after in public and commercial buildings. In March 2024, Shera invested US$36 million to establish its first production hub in the Philippines. Announced by Thunnop Jumpasri, president and country head for the Philippines and Malaysia, this would represent a significant expansion in response to robust growth in the local construction sector. For instance, a Japanese architect Keiji Ashizawa used rough materials to create cozy restaurant interiors where Wood-wool cement board walls and concrete tabletops were used for the restaurant's interior and aesthetics.

Market Drivers

• Rapid Urbanization and Infrastructure Development: The Asia Pacific region is experiencing massive urban expansion, driven by population growth and rising middle-class incomes. Countries like China, India, Indonesia, and Vietnam are investing heavily in smart cities, affordable housing, and public infrastructure. This surge in construction activity is significantly boosting demand for durable, cost-effective, and versatile building materials. Fiber cement boards, with their long lifespan, weather resistance, and minimal maintenance needs, are increasingly used in residential and commercial projects for siding, partitions, and façades. The material’s suitability for fast-paced, large-scale developments makes it a preferred choice across the region.
• Growing Preference for Fire-Resistant and Termite-Proof Materials: In tropical and high-risk areas across Asia Pacific, including Southeast Asia and parts of India and Australia, the risk of fire and termite infestation is high. Fiber cement boards offer excellent fire resistance and are impervious to termites, which makes them highly suitable for these environments. Governments and developers are increasingly promoting non-combustible and pest-resistant materials to improve building safety and reduce lifecycle maintenance costs. This is especially relevant for schools, hospitals, multi-family housing, and commercial buildings, where safety and durability are critical.

Market Challenges

• High Competition from Cheaper Alternatives: Despite the benefits of fiber cement boards, the Asia Pacific market is highly cost-sensitive. Traditional materials like plywood, gypsum boards, and low-cost plastics are still widely used due to their lower upfront cost and widespread availability. These materials, although less durable, are favored by small-scale builders and in low-budget projects. Additionally, lack of awareness about the long-term benefits of fiber cement boards in rural and semi-urban areas poses a barrier to wider adoption, slowing market growth in price-conscious segments.
• Limited Skilled Labor for Proper Installation: While demand for fiber cement boards is rising, a significant challenge lies in the shortage of trained professionals who can install the material correctly and safely. Improper cutting or handling can lead to silica dust exposure, posing health hazards and compliance issues. Many construction workers in the region lack access to proper tools, training, and protective equipment, especially in informal or unregulated building sectors. This not only affects installation quality but also discourages contractors from choosing fiber cement boards over simpler, more familiar materials.

Market Trends

• Increasing Integration in Prefabricated and Modular Buildings: With growing demand for faster and more efficient construction methods, the Asia Pacific region is witnessing a rise in prefabricated and modular building projects. Fiber cement boards are increasingly being used in these projects due to their structural strength, light weight, and ease of integration into dry-wall systems. Urban developers in countries like China, Japan, and Singapore are leading this trend, using fiber cement panels in modular housing, temporary structures, and portable cabins to meet short construction deadlines without compromising on quality.
• Rising Adoption of Fiber Cement in Green Building Projects: Sustainability is gaining momentum in the Asia Pacific construction sector, with growing government support for green buildings and energy-efficient materials. Fiber cement boards are increasingly seen as a sustainable option due to their long life, resistance to decay, and minimal maintenance requirements. Developers are incorporating them into green-certified buildings, especially in Australia, Japan, and South Korea. Additionally, the boards' compatibility with other energy-efficient insulation systems makes them ideal for buildings aiming for LEED or equivalent certifications across the region.

The moderate growth of medium density fiber cement boards in the Asia Pacific market is primarily driven by their cost-effectiveness and versatility for general-purpose construction in emerging economies.

Medium density fiber cement boards are experiencing moderate growth in the Asia Pacific fiber cement board industry due to their strategic positioning between high-performance and low-cost solutions. These boards offer a practical balance of strength, durability, and affordability, making them ideal for a wide range of residential and commercial construction applications across developing countries in the region. Unlike high-density variants that are often used in high-end or industrial projects and come at a premium cost, medium density boards are well-suited for internal partitions, ceiling applications, and low- to mid-rise structures common construction formats in countries such as India, Indonesia, Vietnam, and the Philippines. These nations are witnessing rapid urbanization, rising population density, and increasing government focus on affordable housing development, all of which fuel steady demand for economically viable and adaptable building materials like medium density fiber cement boards. Moreover, these boards offer satisfactory resistance to fire, moisture, and termites, making them a preferred substitute for traditional wood-based panels and gypsum boards in climates prone to humidity and pests. Additionally, as green building practices continue to gain traction across Asia Pacific, the recyclable and low-maintenance nature of fiber cement boards adds to their appeal, especially for contractors seeking cost-effective solutions that meet sustainability standards. The ongoing development of public infrastructure, schools, and healthcare facilities also supports demand for medium density boards due to their ease of handling and installation, reducing construction time and labor costs.

The moderate growth of cellulosic fiber as a raw material in the Asia Pacific fiber cement board industry is due to its eco-friendliness and suitability for lightweight, non-structural applications in cost-sensitive markets.

Cellulosic fiber is witnessing moderate growth in the Asia Pacific fiber cement board industry as construction trends shift toward sustainable, lightweight, and cost-effective materials, especially in developing economies. Derived from natural wood pulp or recycled paper, cellulosic fiber offers a biodegradable and environmentally responsible alternative to synthetic or asbestos-based fibers, aligning with the increasing regulatory and consumer emphasis on green building practices across the region. Its incorporation into fiber cement boards imparts flexibility, impact resistance, and thermal insulation properties, making it particularly suitable for interior wall linings, ceilings, partitions, and other non-load-bearing applications. Countries such as India, Vietnam, Thailand, and the Philippines are experiencing rapid urban growth, infrastructure expansion, and mass residential housing projects driven by both private investment and government initiatives. In these markets, builders and developers are seeking materials that combine affordability; ease of installation, and environmental compliance criteria that cellulosic fiber-based cement boards often meet. Furthermore, the push for phasing out asbestos due to health hazards has opened new opportunities for cellulosic alternatives, particularly in countries transitioning away from traditional practices. However, the growth of cellulosic fiber remains moderate rather than high due to certain limitations in strength and durability compared to synthetic fibers such as PVA or glass fiber, which are preferred for high-density or structural applications.

Wall cladding and panels are the largest application type in the Asia Pacific fiber cement board industry due to rising urbanization, demand for aesthetic yet durable exteriors, and increasing adoption in both residential and commercial construction.

Wall cladding and panels have emerged as the dominant application in the Asia Pacific fiber cement board industry, primarily driven by rapid urbanization, evolving architectural preferences, and the growing need for affordable, durable, and low-maintenance façade solutions. As urban populations expand in key markets like China, India, Indonesia, and Vietnam, there is a significant push toward the development of mid- to high-rise residential complexes, commercial buildings, and institutional infrastructure. This trend creates a robust demand for building materials that not only enhance the external appearance of structures but also provide protection against harsh climatic conditions, pollution, and wear over time. Fiber cement boards used in wall cladding offer a compelling combination of benefits including resistance to fire, moisture, termites, and weathering making them ideal for diverse climatic zones across Asia Pacific. In addition to their functional advantages, these boards are available in a variety of textures, colors, and finishes that mimic wood, stone, or brick, allowing architects and builders to achieve modern design aesthetics at a fraction of the cost of natural materials. Furthermore, as awareness around green construction and energy efficiency grows, fiber cement cladding becomes increasingly attractive due to its recyclable nature and contribution to thermal insulation, helping structures achieve better energy performance ratings. Governments across the region are also supporting the adoption of such materials through urban development schemes and affordable housing projects, where fiber cement cladding is used to meet both cost and quality benchmarks. In markets like Australia and Japan, stricter building codes and environmental standards further accelerate the use of fiber cement boards in external paneling applications.

The residential end user segment is the largest in the Asia Pacific fiber cement board industry due to rapid urbanization, population growth, and the surge in affordable housing development across emerging economies.

The dominance of the residential sector in the Asia Pacific fiber cement board industry is primarily attributed to the region’s fast-paced urbanization, expanding middle class, and growing need for sustainable, affordable housing solutions. Countries like China, India, Indonesia, and the Philippines are witnessing unprecedented population growth and rural-to-urban migration, which is placing immense pressure on housing infrastructure. In response, both governments and private developers are ramping up residential construction activities, particularly in the affordable and mid-range segments. Fiber cement boards are extensively used in residential applications such as exterior wall cladding, internal partitions, ceilings, eaves, flooring underlayments, and roofing. These boards offer superior resistance to fire, moisture, insects, and extreme weather conditions, which is critical for densely populated and climate-sensitive regions across Asia Pacific. Their compatibility with modern and traditional construction methods, including prefabrication and dry wall systems, further enhances their adoption in residential buildings aiming for quicker project turnaround and lower labor costs. The aesthetic flexibility of fiber cement boards available in various finishes and designs also appeals to homeowners seeking attractive yet budget-friendly materials. Additionally, governments across the region are actively promoting housing initiatives such as India’s “Pradhan Mantri Awas Yojana” or Indonesia’s “One Million Houses Program,” which create substantial demand for building materials that align with speed, quality, and sustainability requirements criteria that fiber cement boards effectively meet.

China is leading in the Asia Pacific fiber cement board industry due to its massive construction and infrastructure development, supported by large-scale urbanization and strong domestic manufacturing capabilities.

China dominates the Asia Pacific fiber cement board industry primarily because of its vast and continuous infrastructure development, rapid urbanization, and powerful manufacturing ecosystem. As the world’s most populous country and the second-largest economy, China has undergone decades of extensive urban transformation, resulting in an insatiable demand for modern, durable, and fire-resistant construction materials like fiber cement boards. The government’s long-term urbanization strategy, aimed at moving hundreds of millions into cities, has triggered the construction of high-rise buildings, residential complexes, commercial facilities, schools, hospitals, and transportation infrastructure each requiring cost-effective, low-maintenance, and high-performance building components. Fiber cement boards, with their superior resistance to fire, moisture, pests, and rot, fit these requirements perfectly and are used widely in wall cladding, roofing, siding, and partition systems. In addition, the Chinese government has implemented stricter building codes and fire safety regulations over the years, further encouraging the use of non-combustible and energy-efficient materials. Moreover, China boasts a strong industrial base with access to abundant raw materials, advanced production technologies, and a skilled labor force, enabling the cost-effective mass production of fiber cement boards. Domestic manufacturers benefit from economies of scale, allowing them to cater not only to the huge local demand but also to export markets across Asia and beyond. The government’s push for green buildings and sustainable construction practices, in line with national goals for carbon neutrality, is also boosting the popularity of fiber cement boards, which are recyclable and emit low levels of VOCs.

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