Fiber Cement Board Market To Reach USD 19.89 Billion By 2027 | Reports And Data – GlobeNewswire

New York, March 03, 2020 (GLOBE NEWSWIRE) -- According to the current analysis of Reports and Data, the globalfiber cement board marketwas valued at USD 13.43 Billion in 2019 and is expected to reach USD 19.89 Billion by the year 2027, at a CAGR of 5.03%. The Fiber Cement Board (FCB) is a building material that has been used in construction activities as building materials by mixing cement with various organic or mineral fibers at specified ratios. The addition of fibers to fiber cement imparts several attributes that are important to the application and serviceability of the composites. Some of these attributes include resistance to cracking, a lighter weight, and a degree of flexibility that are important to the fiber cement board market. These boards are majorly used for decorative purposes such as sidings, flooring, ceiling, roofing materials, soffit and trims, and as a tile backing board. It is preferred for building good quality and long-lasting furniture and homes due to properties such as high resistance to water, fire, and termites.

Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/340

The fiber cement board market is witnessing significant growth because of its utilization as siding inside the house, such as bathrooms and kitchens, because of its properties such as durable and water-resistant as well as waterproof nature. In addition, accelerating construction expenditures, specifically in new housing, will spur demand. The adoption of the Fibre cement board has increased in prime end-use industries, namely residential, commercial, and others. In addition, the rapid growth of the residential sector is another factor boosting the market growth.

Also, the favorable government regulations and rising awareness regarding environmental degradation are anticipated to accelerate fiber cement board market growth over the projected period. The increasing construction spending in emerging economies from the Asia Pacific owing to rising population coupled with healthy economic and industrial development is expected to affect the product demand in the near future positively. Besides, various capital investments in public infrastructures bolster the growth rate. The emergence of the residential construction sector in China and India on account of improving standards of living, consumer spending capabilities, and changing lifestyles are expected to contribute to construction spending over the years to come.

Key market players are today focusing on various strategic activities involving research and development activities to explore the applications of Fibre Cement Board Markets and also mergers and acquisitions, facility expansions, and related investments.

Further key findings from the report suggest

Order Now: https://www.reportsanddata.com/checkout-form/340

For the purpose of this report, Reports and Data have segmented the report on the basis of material, product, production process, application, end-use, and region:

Material (Revenue, USD Million; Volume in Million Sq. Ft., 20172027)

Product (Revenue, USD Million; Volume in Million Sq. Ft., 20172027)

Production Process (Revenue, USD Million; Volume in Million Sq. Ft., 20172027)

Application (Revenue, USD Million; Volume in Million Sq. Ft., 20172027)

End-Use (Revenue, USD Million; Volume in Million Sq. Ft., 20172027)

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/global-fiber-cement-board-market-2017-forecast-to-2022

Regional Outlook (Revenue in USD Million; Volume in Million Sq. Ft., 20172027)

Browse more similar reports on Building Materials category by Reports And Data

Polymer Concrete Market - https://www.reportsanddata.com/report-detail/polymer-concrete-market

Wooden Decking Market - https://www.reportsanddata.com/report-detail/wooden-decking-market

Green Cement Market - https://www.reportsanddata.com/report-detail/green-cement-market

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help clients make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Read the original post:
Fiber Cement Board Market To Reach USD 19.89 Billion By 2027 | Reports And Data - GlobeNewswire