Global demand for fiber cement is projected to record annual growth of over four percent. While building construction spending is expected to decelerate, particularly in the previously rapidly growing Asia/Pacific region, demand for fiber cement will benefit from increasing market penetration in its respective markets.
This report segments the global fiber cement industry by region, country, market, and application. Data are provided in thousand metric tons.
Fiber cement applications include:
Molding & Trim
Other (e.g., backer board, ceilings, countertops)
Roofing accounted for the largest share of fiber cement demand in 2014, and is expected to continue to do so through 2019. However, fiber cement molding and trim will post the fastest growth during this time, benefiting from their superior performance characteristics, including durability, resistance to insect damage, and weather resistance.
Major fiber cement markets include:
Residential Buildings (new and improvement/repair)
Nonresidential Buildings (new and improvement/repair)
Residential buildings accounted for 56 percent of global fiber cement demand in 2014. However, this was below historical levels, as housing market collapses in the US and many countries in Western Europe restricted gains in this market. The nonresidential market is expected to post faster growth through 2019, driven primarily by rebounding nonresidential construction activity in the US and continued strong gains in the Asia/Pacific region.
This study covers the following six world regions, as well as 19 countries:
Central & South America
North America will see the strongest advances among world regions through 2019, driven by strong growth in the US as the country’s housing market rebounds. However, China is expected to be the fastest growing national market for fiber cement, benefiting from continued strong (though slowing) growth in building construction spending.
The majority of companies in the global fiber cement industry also produce other building products, though James Hardie is an exception to that rule. Other participating companies include CSR, Elementia, Etex, Hume Cemboard, Lato, Mahaphant FIbre Cement, Nichiha, Saint-Gobain, and Siam Cement.