The North America Fiber Cement Market would witness market growth of 3.7% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 9,533.3 Kilo Tonnes, showcasing a growth of 18.5% (2020-2023).
This cement is widely utilized in non-residential construction for a range of applications due to its durability, versatility, and low maintenance requirements. In commercial and industrial settings, fiber cement siding is commonly used as exterior cladding for buildings, offering protection against weather elements, fire resistance, and a visually appealing finish that can mimic various architectural styles. This makes it a popular choice for retail stores, office buildings, schools, and healthcare facilities, among others. Thus, the Non-residential construction application consumed 7,499.0 kilo tonnes of this cement in 2023.
The US market dominated the North America Fiber Cement Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,591 million by 2031. The Canada market is experiencing a CAGR of 4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 4.7% during (2024 - 2031).
This cement panels are used for architectural building cladding to provide aesthetic appeal and protection. These panels can be used on exterior walls, facades, and rainscreen systems to enhance the building's appearance while offering durability and weather resistance. The cement trim and molding add architectural details to buildings, such as window surrounds, cornices, and fascia boards. The cement trim is resistant to rot, insects, and moisture, making it a long-lasting option for building finishing touches.
This cement fascia and soffit boards are commonly used to finish the edges of roofs and eaves. These components provide a clean, finished look to the roofline while protecting against moisture and pests. These cement decking boards are an alternative to traditional wood or composite decking materials. This cement decking is durable, low-maintenance, and resistant to rot, insects, and fire, making it suitable for outdoor decks and patios.
Mexico's growing economy and population drive demand for infrastructure development, including roads, bridges, utilities, and public transportation systems. Mexico's increasing urbanization and housing demand fuel growth in the residential construction sector. Mexico's growing commercial and industrial sectors require durable and versatile building materials. Urban regeneration projects aim to revitalize urban areas, historic neighborhoods, and underutilized spaces in Mexican cities. Hence, the factors mentioned above will drive the regional market growth.
Free Valuable Insights: The Fiber Cement Market is Predict to reach USD 23.4 billion by 2031, at a CAGR of 4.0%
Based on End Use, the market is segmented into Non-Residential and Residential. Based on Raw Material, the market is segmented into Portland Cement, Silica, Cellulosic Fiber, and Others. Based on Construction Type, the market is segmented into Siding, Roofing, Molding & Trim, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By End Use (Volume, Kilo Tonnes, USD Billion, 2020-31)
By Raw Material (Volume, Kilo Tonnes, USD Billion, 2020-31)
By Construction Type (Volume, Kilo Tonnes, USD Billion, 2020-31)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-31)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 