Fiber Cement Market Analysis

Fiber Cement Industry Insights

Application Analysis

The siding category dominates the market in 2024, with 35% revenue share. Individuals are preferring fiber cement siding over other materials, due to its advantages such as it withstands high winds compared to vinyl siding and is lighter and economical compared to bricks and stone siding, among others. Currently, brick veneer siding typically ranges between USD 7 and USD 12 per square foot while fiber cement siding cost ranges from USD 5 to USD 7 per square foot.

The substantial profits originate from the residential sector, as people are progressively looking for environment-friendly solutions, thereby getting themselves involved in replacing the existing siding with fiber cement to provide the better exterior performance along with saving money and time on maintenance. The abovementioned factors are projected to augment the fiber cement market, globally.

The molding and trimming category has the highest CAGR, on account of the rising usage of trim boards in homes. This is itself attributed to the numerous performance advantages of trim boards made of fiber cement, such as resilience against harsh weather, low maintenance requirement, resistance to rotting, and fireproof nature.

The segment has the below-mentioned categories:

• Siding (Largest Category)
• Roofing
• Cladding
• Molding and Trimming (Fastest-Growing Category)
• Others

End Use Analysis

The residential category is the larger, with a share of 70% in 2024, and the faster growing, with a CAGR of 6.7% over this decade. In the U.S., the use of fiber cement for exterior walls for building single-family houses increased from around 5% in 2005 to about 8% in 2020, depicting the potential growth in the coming years. The major factor attributing to this growth includes a higher return of investment, i.e., around 85% compared to approximately 75% from natural wood or 80% from engineered wood. Additionally, the burgeoning population, which is set to touch 11 billion by the end of this century, as per the UN, is driving residential construction around the world on a massive scale.

The report offers insights on the following end uses:

• Residential (Larger and Faster-Growing Category)
• Non-Residential

Raw Material Analysis

Portland cement dominates the market in 2024, and it will also be the fastest-growing category, at a CAGR of 7.2%, over the forecast period. The stringent rules and regulations to decrease the risks associated with silica sand, silica dust exposure, and quartz sand, are resulting in surging consumption of Portland cement, hence boosting the market growth in this category.

The following raw materials have been studied:

• Portland Cement (Largest and Fastest-Growing Category)
• Silica
• Cellulosic Fiber
• Others