North America Fiber Cement Market

The North America fiber cement market is expected to grow from US$ 4,416.61 million in 2022 to US$ 7,052.25 million by 2028. It is estimated to grow at a CAGR of 8.1% from 2022 to 2028.   

Growing Awareness Regarding Benefits of Fiber Cement Fuels North America Fiber Cement Market

Durability is one of the most desirable qualities of fiber cement. Fiber cement siding, boards, and panels typically outlast vinyl siding and other alternative products in lifespan. Within 10 to 15 years, vinyl siding can show signs of aging, whereas fiber cement siding can last up to 30 to 50 years or more. Further, in cement production, carbon dioxide is a by-product. However, manufacturing vinyl siding containing polyvinyl chloride (PVC) produces more carbon dioxide than cement production. Moreover, vinyl siding off-gases throughout its lifetime as it occupies a space landfill. Hence, fiber cement siding is a greener alternative to vinyl siding.

Fiber cement products do not require frequent repainting as it holds paint well. Also, they do not dent unlike steel siding. Fiber cement products stand stronger in moisture and leaks than gypsum boards. These products possess excellent moisture-absorbing and drying properties, making them resistant to weather changes.

Fiber cement products are fireproof, insect resistant, and perform well in natural disasters. The products have good sound insulation properties suitable for building good quality and long-lasting homes. Further, fiber cement products are available in various styles such as panels and shingles. They are also available in baked-on, prefinished colors that do not require painting. Owing to the growing awareness about these benefits of fiber cement products compared to other substitute products, they are increasingly used in flooring, furniture making, and wall cladding, which drives the North America fiber cement market growth.

North America Fiber Cement Market Overview

The US, Canada, and Mexico are the key economies in North America. Factors such as the cost-effectiveness and durability of fiber cement and increased construction activity in the region positively impact the fiber cement market. The widespread usage of fiber cement boards in residential and commercial building construction is expected to fuel fiber cement market expansion in North America.

The construction sector in North America is rapidly developing due to a robust economy and increased federal and state financing for public works and institutional structures. Rapid development and urbanization are also driving the expansion of the North American fiber cement market. According to the American Institute of Architects (AIA), commercial building investment in North America is increasing year after year. Over the forecast period, construction investment is expected to expand at a breakneck pace. All of these factors are driving the expansion of the North America fiber cement market.

North America Fiber Cement Market Revenue and Forecast to 2028 (US$ Million)

North America Fiber Cement Strategic Insights

Strategic insights for the North America Fiber Cement provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Fiber Cement Report Scope

North America Fiber Cement Regional Insights

The geographic scope of the North America Fiber Cement refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

North America Fiber Cement Market Segmentation

The North America fiber cement market is segmented into type, application, end-use, and country.

Based on type, the North America fiber cement market is segmented into air-cured and autoclaved. The autoclaved segment held a larger share of the North America fiber cement market in 2022.

Based on application, the North America fiber cement market is segmented into roofing, outside siding or façade, and others. The outside siding or façade segment held the largest share of the North America fiber cement market in 2022.

Based on end- use, the North America fiber cement market is segmented into residential and non-residential. The residential segment held a larger share of the North America fiber cement market in 2022.

Based on country, the North America fiber cement market is segmented into the US, Canada, and Mexico. The US dominated the share of the North America fiber cement market in 2022.   

Compagnie de Saint Gobain SA; Etex NV; James Hardie Industries plc; NICHIHA Corp; Plycem Construsistemas Costa Rica SA; and Swisspearl Group AG are the leading companies operating in the North America fiber cement market.