According to IndustryARC Research, the global Fiber Cement Market is estimated to reach $16.2 Billion by 2020.
Fiber Cements Market is the fastest growing market in the Building Material Sector. The most used material in Fiber Cement Products is Asbestos along with some additional materials like carbon, kevlar, polypropylene and so on.
The U.S. and Japan are stated as the fastest growing market in this industry. The key drivers for the growth of Fiber Cement Market include factors such as growing construction activities in various regions on global basis and rapid industrialization which are poised to increase demand for Fiber Cement Products.
Asia Pacific is noted to be the region which generates a huge demand for Fiber Cement Products. In addition, there is a growing demand for Fiber Cement from developed economies of North America and Europe.
The U.S. itself holds a major share of the entire Fiber Cements market with companies like Hardie (James) Industries plc., Saint-Gobain and Nichia being the major players.
Some of the other Major companies have been listed below:
- Akzo Nobel NV
- Badger Mining Corporation
- Building Materials Corporation of America
- Cembrit
- Nalco Holding
- Etex Group
- Central Fiber LLC
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