Fiber Cement Market Future Prospects
The global fiber cement market for 2024 has been estimated at 34.2 million tonnes, and it is expected to grow at a compound annual growth rate of 6.4% between 2024 and 2030, to reach 49.7 million tonnes by 2030. This is due to the rapid increase in usage of fiber cement for internal and external residential applications. Furthermore, the steady rise in the residential sector is likely to promote the market growth. Also, superior product characteristics of fiber cement such as water-resistant, fire-resistant, high strength, durability, and stability are bolstering its demand, globally.