Fiber Cement Market - Forecast(2021 - 2026)
Fiber cement is a popular building material that gives best benefits in the siding industry longevity. It is a composite of sand, portland cement, and cellulose fibers are one of the sustainable materials. These helps to withstand at the harsh weather compared to other materials. The Global Fiber Cement marke t generated revenue of $13350.26 million in 2017 and is projected to grow at a CAGR of 4.86% during the forecast period 2018-2023. Asia pacific region is the major fiber cement market share holder with more than 35% in the global fiber cement market. The presence of numerous raw material suppliers is expected to continue its growth in fiber cement market size in construction sector. Fiber Cement Market Industry analysis states residential application is the dominant segment valued $4955.62 million in 2017 and is estimated to grow at a CAGR of 4.6% during the forecast period 2018-2023. Fiber cement board made of cement, silica sand, and special cellulose fiber, and selecte