The
need for safe, sustainable and secure shelter is an innate problem across the
world. With growing population, the demand for residential construction has
seen an upsurge in the recent past. There are many inventions pertaining to the
kind of materials being used in the construction activities. One such important
innovation is the fiber reinforcement of cement to increase the strength of the
cement. Some of the fibers being used in this industry include asbestos,
polypropylene, polyvinyl alcohol (PVA), mineral fibers, carbon, Kevlar,
lignocellulose and many more. This reinforced cement is used to manufacture
products like flat sheets, corrugated sheets, planks, slates and many others.
Recently there is an increasing demand for environmentally friendly products in
construction. Following this trend, many companies are coming forward with the
introduction of eco-friendly fibers like sisal, jute fibers and other vegetable
fibers which can replace the usage of asbestos.
Fiber
cement products have found its way into construction application of various
areas like, residential buildings, non-residential buildings, agriculture,
industrial and consumer sectors. The products used for these purposes vary
based on the requirements. Fiber cement products are majorly used for cladding,
siding and roofing purposes. They are used in agriculture for both building and
ancillary purposes. In industries, they are used for fire proofing walls and in
household application for ceilings, switch boards and so on.
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The
new housing market is all set to experience rapid growth in fiber cement demand
in the near future. The demand for planks is on a surge under this application
as, builders will prefer siding and roofing done from fiber cement over the
traditional wooden planks as it offers a similar appearance, but would require
little maintenance when compared to its counterpart wood. Also the resistances
from external environment or insect attacks, which fiber cement products
provide are far superior than wood.
Residential
improvement and repairs are forecast to account for the largest share of fiber
cement products in the coming future. Consumer interest in bathroom renovation
projects supported demand for fiber cement backer board installed beneath
decorative tile flooring and bathtub and shower surrounds.
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The
demand for fiber cement is growing at a steady pace across the globe, with a
few regions growing much faster than others. The North American market is the
largest and the fastest growing market followed by Asia Pacific (APAC). The US
is a major market in the North American region growing at 8.0 % annually; it is
forecast to reach $2.7 billion by 2017.
Growth
in APAC is attributed to the increase in residential construction. With the
increase in population and a higher per capita income, the growth of fiber
cement products is on an upsurge. On the contrary, the growth in Europe and
rest of the world is seen to be steady.
Some
of the companies which hold a major share in the production of fiber cement
products include, James Hardie Industries PLC, Saint Gobain, Nichia, Maxtile among
others.
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Report on “Fiber Cement Market”, Speak to Our Analyst:
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