Global Fiber Cement Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Material;

Portland Cement, Sand, Cellulosic Material (Fiber) and Others.

By Product Type;

Slates, Corrugated Sheets, Flat Sheets, Planks, Partition Walls, Window Sills, and Others.

By Application;

Molding and Trim, Siding, Roofing, Wall Partitions, Flooring, Backer Boards and Others.

By End Use;

Residential and Non-Residential.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn146736254 Published Date: May, 2025 Updated Date: June, 2025

Fiber Cement Market Overview

Fiber Cement Market (USD Million)

Fiber Cement Market was valued at USD 19,396.40 million in the year 2024. The size of this market is expected to increase to USD 25,869.93 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.2%.


Global Fiber Cement Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 4.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.2 %
Market Size (2024)USD 19,396.40 Million
Market Size (2031)USD 25,869.93 Million
Market ConcentrationHigh
Report Pages360
19,396.40
2024
25,869.93
2031

Major Players

  • James Hardie Industries PLC
  • ETEX Group
  • EvonikIndustries
  • Toray Industries
  • CSR Limited
  • Nichiha Corporation
  • Cembrit Group A/S
  • The Siam Cement Public Company Limited

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Fiber Cement Market

Fragmented - Highly competitive market without dominant players


The fiber cement market is experiencing steady growth due to the rising need for durable, low-maintenance building materials. Known for its excellent fire resistance and environmental stability, fiber cement has become a preferred choice in residential and commercial construction. More than 55% of contractors now use fiber cement products to ensure long-lasting structural performance.

Eco-Friendly Material Driving Green Building Trends
The emphasis on sustainable construction is accelerating the shift toward fiber cement as an environmentally responsible material. Free from toxic substances and largely recyclable, it is increasingly adopted in green-certified buildings. Over 40% of eco-conscious construction projects now utilize fiber cement to meet sustainability goals and reduce carbon impact.

Urban Development Boosting Product Utilization
Ongoing urban infrastructure expansion continues to fuel demand for reliable and efficient construction materials. Fiber cement is widely used in modern developments due to its ability to withstand harsh environments. Around 50% of urban development and renovation projects now incorporate fiber cement to enhance both functionality and aesthetics.

Innovations Enhancing Product Appeal
Recent innovations in fiber reinforcement and design technology are improving the quality and versatility of fiber cement offerings. These developments have led to lighter, more decorative panels that are easy to install and customize. Nearly 30% of new building material innovations are centered around enhanced fiber cement solutions that improve usability and design options.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Material
    2. Market Snapshot, By Product Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By End Use
    5. Market Snapshot, By Region
  4. Fiber Cement Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Construction Activities

        2. Growing Awareness of Sustainable Construction Materials

        3. Urbanization and Infrastructure Development

      2. Restraints
        1. Cost of Production

        2. Health and Safety Concerns

        3. Market Fragmentation

      3. Opportunities
        1. Product Innovation and Technological Advancements

        2. Expansion into New Application Areas

        3. Replacement of Traditional Building Materials

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Fiber Cement Market, By Material, 2021 - 2031 (USD Million)
      1. Portland Cement

      2. Sand

      3. Cellulosic Material (Fiber)

      4. Others

    2. Fiber Cement Market, By Product Type, 2021 - 2031 (USD Million)

      1. Slates

      2. Corrugated Sheets

      3. Flat Sheets

      4. Planks

      5. Partition Walls

      6. Window Sills

      7. Others

    3. Fiber Cement Market, By Application, 2021 - 2031 (USD Million)
      1. Molding and Trim

      2. Siding

      3. Roofing

      4. Wall Partitions

      5. Flooring

      6. Backer Boards

      7. Others

    4. Fiber Cement Market, By End Use, 2021 - 2031 (USD Million)
      1. Residential

      2. Non-Residential

    5. Fiber Cement Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. James Hardie Industries PLC
      2. ETEX Group
      3. EvonikIndustries
      4. Toray Industries
      5. CSR Limited
      6. Nichiha Corporation
      7. Cembrit Group A/S
      8. The Siam Cement Public Company Limited
  7. Analyst Views
  8. Future Outlook of the Market