Fiber cement market seen growing as builders seek lower-carbon materials

Allied Market Research says the global fiber cement market is set to rise from $16.4 billion in 2020 to $24.4 billion by 2030 as construction firms look for more durable, lower-emission materials. The report points to Asia-Pacific as the fastest-growing region and siding as the largest product segment.

Why it matters: - Fiber cement is gaining share as builders try to cut carbon emissions from construction and use materials that last longer with less maintenance. - The market’s projected expansion signals continued demand for alternatives to traditional building materials in residential and commercial projects.

What happened: - Allied Market Research projected the global fiber cement market will grow from $16.4 billion in 2020 to $24.4 billion by 2030. - The report forecast a compound annual growth rate of 4.11% from 2021 to 2030. - The report covered raw materials, construction types and end uses across the global market.

The details: - Growing demand for sustainable building materials and efforts to reduce construction-related carbon footprints are driving market growth. - Fiber cement products are being adopted for durability, weather resistance and low maintenance. - A shortage of skilled labor in several developing economies remains a constraint on expansion. - Rapid urbanization, industrialization, construction growth and restrictions on asbestos-based cement materials are expected to support demand through the forecast period. - The sample pages of the research overview are available online.

Segment breakdown: - Portland cement held the largest raw material share in 2020, contributing nearly half of total revenue. - Portland cement remains a core ingredient in concrete, mortar and stucco, which supports its position in fiber cement manufacturing. - Cellulosic fibers are expected to grow fastest among raw materials, with a CAGR of 5.09%, because of demand for lighter and more environmentally friendly materials. - Siding led the construction type segment in 2020 with more than half of global market share. - Fiber cement siding is used for exterior applications in residential and commercial buildings. - Molding and trim is projected to be the fastest-growing construction type through 2030, with a CAGR of 4.91%.

Between the lines: - The forecast suggests sustainability is moving from a niche selling point to a mainstream buying criterion in construction. - Asia-Pacific’s projected lead reflects where new housing and infrastructure demand is clustering. - The report’s emphasis on asbestos restrictions also points to regulatory pressure reshaping material choices.

What’s next: - Asia-Pacific is projected to post the highest regional CAGR at 4.81% through 2030. - The region dominated the market in 2020, followed by Europe and North America, accounting for nearly half of total revenue. - The report said the market should see steady growth as governments, developers and builders prioritize energy-efficient and environmentally responsible materials. - More data and graphs are available through the purchase options page.

The bottom line: - Fiber cement is positioned as a steady-growth construction material market, with sustainability and regulation doing much of the heavy lifting.