Fiber Reinforced Cement Board is a building material used to cover the exterior of a building in both commercial and domestic applications. Fiber cement is a composite material made of cement reinforced with cellulose fibers.
The global Fiber Reinforced Cement Board size is estimated to be USD 14580 million in 2026 from USD 12360 million in 2020. The global Fiber Reinforced Cement Board market size is expected to grow at a CAGR of 4.2% for the next five years.
Currently, there are many players James Hardie, Etex Group, Nichiha, Everest Industries, Elementia, KMEW, etc. James Hardie, Etex Group and some others are playing important roles in Fiber Reinforced Cement Board industry. The market is relatively fragmented globally.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area. In the future, the market in developed countries will have some growth and the market in developing countries will have a faster growth rate. In the globe, emerging economies countries support building energy conservation industry. Today’s industrial marketplace is increasingly competitive and requires the ability to reduce costs, raise production and increase accuracy for any business that is going to survive. For businesses that will truly thrive, the ability to lead development and get products to market faster is also critical.
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