The European fiber cement market is estimated to reach USD 7.443 Billion by 2030, growing at a CAGR of 5.5% during the forecast period, 2022-2030. It was valued at USD 4.8 Billion in 2022.
Growing construction activities, infrastructure and residential development across the Europe region positively impact the fiber cement market growth. Moreover, the increasing energy-efficient buildings growth has led to the consumption of the fiber cement market in the forecast year.
Additionally, homeowners choose fiber cement siding over vinyl siding due to fiber cement durability, flame retardancy, termite and water resistance, and less maintenance effort are factors to drive the growth of the fiber cement market.
Fiber cement is a compound material made of Portland cement, silica, wood fibers and water used in residential and industrial sectors. Fiber cement products have excellent properties such as high elasticity, water resistance, stability, strength and heat insulation. Professional manufacturers, homeowners, and contractors tend to cement their products. This product also has low maintenance cost and is mainly used for siding, roofing, decoration and other fields. New construction industries worldwide are discovering special and innovative advantages of fiber cement in various construction fields. The main function of fiber cement in these industrial applications is to increase the commercial value of building materials while improving their performance.
Restoration of old structures in nations like Italy and Spain is driving the development of the European fiber cement sector. Increased acceptance of non-asbestos fiber cement products after the ban on asbestos products enhanced market growth. The region is focused on eliminating the use of toxic minerals in infrastructure development projects and facilitating the introduction of environmentally friendly cement products. The ban on industrial chemicals has boosted demand for fiber cement siding, planks, boards, and other products. The rise of the fiber-cement industry has also been aided by rising government expenditure on infrastructure construction. Furthermore, the increase in construction activity, particularly in the residential sector, fuels the European fiber cement market expansion.
Pre-Covid-19 impact on the European fiber cement market the increased adoption of fiber cement in the Construction & Infrastructure sectors has stimulated European fiber cement market demand during the pre-covid era. Furthermore, the rapid growth of the construction sector due to the renovation of historic buildings in countries such as Italy and Spain is also increasing the demand for fiber cement in the region. The high efficiency of fiber cement and the ban on asbestos cement products also support the market’s growth. An increase in infrastructure investments acts as an opportunity in the pre-covid period.
The ongoing coronavirus pandemic has impacted construction activities worldwide, affecting the entire fiber cement market in 2020. The building materials sector has seen significant declines in trade conditions caused by government regulations on the international movement of goods in many parts of the world. This has significantly reduced fiber cement consumption in Europe. Germany is one of the country’s greatest affected by the COVID-19 outbreak in the world. The country’s construction industry is growing slowly, mainly due to increased new home construction activity.
The COVID-19 outbreak has negatively impacted Germany, making it one of the worst-affected countries in the world. On the other hand, the German government has exempted infrastructural, residential, and utility construction from the lockdown, allowing construction to continue throughout the COVID-19 emergency. The country’s construction industry is growing slowly, increasing construction activity and re-establish economic mobility between countries after the COVID-19 pandemic.
The European fiber cement market is segregated into Sliding, Trim, Backer Board, Panel, Piping, Roofing, Flooring and Others based on the application.
The sliding segment is estimated to have the maximum market share in the European fiber cement market due to the owners preferring fiber cement siding to vinyl siding because of its durability, flame retardancy, termite and water resistance, and less maintenance effort. In addition, the growing customer interest in fiber cement boards, slabs, slate and other commodities has opened up favorable opportunities for fiber cement manufacturers to sell a variety of products.
The European fiber cement market is segregated into the residential, commercial, and others based on the end-users.
The commercial sector segment is projected to account for the largest market share of the European fiber cement market over the forecast period. The segmental growth is attributed to the large-scale installation of fiber cement products in industrial infrastructure projects, rapid urbanization in Europe’s emerging regions. However, the residential sector is also projected to experience rapid growth over the forecast period.
The European fiber cement market is segregated into Germany, the UK, France, Italy, Spain, and the Rest of Europe.
The German segment is estimated to project considerable growth over 2022-2030. The rising demand for eco-friendly materials for use in building construction is high. Moreover, the growth of energy-efficient buildings, growing construction activities, infrastructure and residential development is driving the market growth in Europe.
Companies include Evonik Industries AG, Mastertec GmbH, James Hardie Building Products, GIP GmbH, Briarwood Products Ltd, Rilco UK, Brick SAS, Vivalda Limited, CRH plc, Amiantec 3000, SL, Compagnie De Saint Gobain SA, Others Prominent Players in the fiber cement.
Key Stakeholders
| Report Attribute | Details |
|---|---|
| Market Size Value in 2021 | USD 4 Billion |
| The revenue forecast in 2028 | USD 5.4431 Billion |
| Growth Rate | CAGR of 4.5% from 2022 to 2028 |
| Historical data | 2018 – 2021 |
| Forecast period | 2022 – 2028 |
| Country covered | Germany, UK, France, Italy, Spain, Rest of Europe |
| Key companies Profiled | Evonik Industries AG, Mastertec GmbH, James Hardie Building Products, GIP GmbH, Briarwood Products Ltd, Rilco UK, Brick SAS, Vivalda Limited, CRH plc, Amiantec 3000, SL, Compagnie De Saint Gobain SA, Others Prominent Players |
By Application
By End-Users
By Country
Fiber cement is a compound material made of Portland cement, silica, wood fibers and water used in residential and industrial sectors. Fiber cement products have excellent properties such as high elasticity, water resistance, stability, strength and heat insulation.
The European fiber cement market is estimated to reach USD 7.443 Billion by 2030, growing at a CAGR of 5.5% during the forecast period, 2022-2030. It was valued at USD 4.8 Billion in 2022.
The European fiber cement market is expected to grow significantly due to Increased acceptance of non-asbestos fiber cement products after the ban on asbestos products enhanced market growth. The region is focused on eliminating the use of toxic minerals in infrastructure development projects and facilitating the introduction of environmentally friendly cement products.
The Covid-19 pandemic, fiber cement market has significantly reduced fiber cement consumption in Europe. Germany is one of the country’s greatest affected by the COVID-19 outbreak in the world. The country’s construction industry is growing slowly due to increased new home construction activity.
Germany captured the largest market share in 2021 and is estimated to grow significantly during the forecast period, 2022-2030.
Companies include Evonik industries ag, master tech gmbh, James Hardie building products, gip gmbh, briarwood products ltd, rilco UK, brick sas, vivalda limited, CRH plc, amiantec 3000, s.l., Compagnie de Saint Gobain SA, others prominent players in the Europe fiber cement market.
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