By raw material, the Portland cement segment dominated the global fiber cement market in terms of revenue in 2020, and is expected to maintain its lead throughout the forecast period. Portland cement is the most widely used type of cement, which is used for making concrete and mortar. The report also includes an analysis of silica and cellulosic fiber segments.
Allied Market Research published a new report, titled, “Fiber Cement Market by Raw Material (Portland Cement, Silica, Cellulosic Fibers, and Others), Construction Type (Siding, Roofing, Molding & Trimming, and Others), and End Use (Residential and Non-Residential): Global Opportunity Analysis and Industry Forecast, 2021-2030″ The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
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Rapid increase in urbanization and industrialization increases the demand for fiber cement products in the construction industry and need for higher efficiency of fiber cement products. The rise in awareness among individuals toward the environment leads to increase in demand for eco-friendly products. The stringent regulations & policies for the ban asbestos cement products generate rise in demand for fiber cement products.
This makes it important to understand the practical implications of the fiber cement market. To gain a competitive advantage, the players must have something unique. By tapping into the untapped market segment, they can establish a relevant point of differentiation, and this report offers an extension analysis of untapped segments to benefit the market players and new entrants to gain the market share.
Allied Market Research published a research report on the fiber cement market. The findings of the report state that the global market for fiber cement generated $16.4 billion in 2020, and is expected to garner $24.4 billion by 2030, witnessing a CAGR of 4.11% from 2021 to 2030.
KEY MARKET PLAYERS:
The report provides the SWOT analysis of the key market players Etex Group NV, James Hardie Industries PLC, Evonik Industries AG, Compagnie De Saint Gobain SA, Toray Industries Inc., CSR Limited, The Siam Cement Public Company Limited, Nichiha Corporation, Plycem Corporation, and Cembrit Holding A/S. which gives the business overview, financial analysis, and portfolio analysis of products and services. The latest news related to industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures, collaborations, product launches, market expansions etc. are included in the report for the better understanding of the stakeholders in framing strategic decisions to gain long term profitability and market share.
The non-residential sector contributed to the highest market share, and is anticipated to continue its lead during the forecast period. This is owing to the increased installation of fiber cement products in commercial, infrastructure, and other projects. The report also includes an analysis of residential segments.
NEED FOR THE REPORT:
The current situation of pandemic makes it very important for the stakeholders in the fiber cement market to understand the market deeply, which will help them in taking sound decisions, to gain the competitive advantage. By exploring the unexplored areas of market, the key players can surely gain a larger market share.
Asia-Pacific held the largest market share in 2020, and is expected to witness high demand for fiber cement, thus maintaining its dominance during the forecast period. The high adoption of fiber cement products in the region would continue to bolster the fiber cement market size.
KEY OFFERINGS OF THE REPORT:
- Key drivers & Opportunities: An extensive analysis on key factors and opportunities available in different segments for strategizing.
- Current trends & forecasts: A comprehensive analysis on latest trends, and forecasts for next few years to frame strategic decisions as a next step.
- Segmental analysis: An extensive analysis of each segment and driving factors such as revenue and growth rate is offered.
- Regional Analysis: A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity.
- Competitive Landscape: Useful insights on each of the leading market players for outlining competitive scenario and related strategies have been offered in the report.
Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/fiber-cement-market/purchase-options
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