(MENAFN- EIN Presswire) EINPresswire/ -- According to a report published by Allied Market Research, the global fiber cement board market was valued at $9.7 billion in 2021 and is projected to reach $15.3 billion by 2031, registering a CAGR of 4.7% from 2022 to 2031. The study offers an in-depth evaluation of market dynamics, segmental performance, value chain, competitive landscape, and regional trends, providing strategic insights for stakeholders including industry leaders, investors, and new entrants.

Download Sample Pages of Research Overview:

Key Market Drivers

- Easy transportation and low labor requirements for fiber cement boards.
- Environmentally friendly composition with no toxic elements, unlike traditional masonry materials.
- Superior resistance to moisture and extreme weather.

Enhanced building aesthetics and protection fiber cement cladding strengthens the exterior envelope and interior components against wind and other climatic factors.

Market Opportunity:

- Rising adoption of fiber cement boards in the construction industry driven by their durability, versatility, and eco-friendly attributes.

Market Restraint:

- Availability of alternatives such as vinyl sidings, wood sidings, and wood-based composites.

Segmental Highlights:-

By Product Type:

Medium Density Fiber Cement Board:

- Largest share in 2021 (≈50%).
- Expected to retain dominance through 2031.

High Density Fiber Cement Board:

- Fastest growth with a CAGR of 5.1% during 2022–2031.

By Application:-

Wall Cladding & Panels:

- Held the largest share in 2021 (≈40%).
- Will continue leading in revenue through the forecast period.

Flooring:

- Expected to record the highest CAGR of 5.1%.

By Region:-

North America:

- Largest regional market in 2021 (>33% share).
- Projected to maintain leadership by 2031.

Asia-Pacific:

- Fastest-growing region with a CAGR of 5.3%.
- Growth supported by expanding construction activities and urbanization.
- Regions analyzed include North America, Europe, Asia-Pacific, and LAMEA.

Key Market Players:-

Major companies profiled in the report include:

- Beijing Hocreboard Building Materials Co. Ltd. (HBD)
- HIL Limited
- Century Plyboards (India) Limited
- Everest Industries Limited
- Saint-Gobain
- Sahyadri Industries Limited (SIL)
- Toray Industries Inc.
- Visaka Industries
- REXLER
- Sarex

These players focus on strategies such as product development, collaborations, expansions, joint ventures, and agreements to strengthen their market footprint and enhance competitive positioning. The report outlines their business performance, product portfolios, and recent strategic initiatives.

Want to Access the Statistical Data and Graphs, Key Players' Strategies: /purchase-options

About Us:

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

MENAFN24112025003118003196ID1110386937