Residential Segment to Dominate APAC Fiber Cement Siding Market during 2020–2028      

According to a new market research study on “APAC Fiber Cement Siding Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Material, Type, and End User” is expected to reach US$ 2,126.54 million by 2028 from 1,211.11 US$ million in 2021. The market is estimated to grow at a CAGR of 8.4% from 2021 to 2028. The report provides trends prevailing in the APAC fiber cement siding market along with the drivers and restraints pertaining to the market growth. Attractive benefits of fiber cement sidings is the major factor driving the growth of the APAC fiber cement siding market. However, various health issues associated with long lifespan of fiber cement siding hinders the growth of APAC fiber cement siding market.

APAC fiber cement siding market is segmented into material, type, end user and country. Based on material, the APAC fiber cement siding market is segmented into portland cement, silica, cellulosic fiber, and others. The portland segment led the APAC fiber cement siding market in 2021. Based on type, the APAC fiber cement siding market is segmented into clapboard, shingles, and stone or stucco. Clapboard segment held the largest market share of APAC fiber cement siding market in 2021. Based on end user, the APAC fiber cement siding market is segmented into residential and commercial. Residential segment led the APAC fiber cement siding market in 2021. Based on country, the APAC fiber cement siding market is segmented into Australia, China, India, Japan, South Korea and rest of APAC. Rest of APAC held the largest market share in 2021.

CSR Limited; ETEX Group; James Hardie Industries Plc; NICHIHA Co., Ltd; SHERA Public Company Limited and Toray Industries, Inc. are among the leading companies in the APAC fiber cement siding market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, James Hardie Building Products Inc. launched 700 ColorPlus Technology finishes fiber cement under the James Hardies’ Dream Collection, therefore intending to expand the product portfolio of the fiber cements’ wide range of color options.   

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