Cement Market, Global Outlook and Forecast 2025-2032
Research Report : Comprehensive insight into regional dynamics, growth drivers, and market segmentation.
MARKET OVERVIEW:
Fiber cement is a durable, weather-resistant composite material composed of sand, cement, and cellulose fibers. It is widely used in construction for applications such as siding, roofing, and wall cladding due to its fire resistance, low maintenance, and sustainability. The market primarily focuses on fiber cement boards, which are increasingly preferred over traditional materials like wood and vinyl in both commercial and residential buildings.
MARKET INSIGHT & GROWTH DRIVERS:
The market growth is driven by increasing gold mining activities, particularly in Asia-Pacific and Africa, where cyanide leaching remains the dominant extraction method. However, environmental concerns and stringent regulations pose challenges to market expansion.
MARKET DYNAMICS
Sustainability Demands in Construction Sector
Fueling Fiber Cement Adoption
The global push toward sustainable construction materials is accelerating fiber cement market growth. As environmental regulations tighten worldwide, architects and builders increasingly favor fiber cement over traditional materials due to its durability, fire resistance, and lower carbon footprint. Unlike vinyl siding which contributes to landfill waste, fiber cement boasts a 50year lifespan with minimal maintenance. Recent innovations in manufacturing have reduced production emissions by 15% since 2020, making it more appealing for green building certifications such as LEED.
MARKET OPPORTUNITIES
Government infrastructure programs present transformative opportunities, particularly for fireresistant fiber cement in urban density zones. The material meets 92% of updated international fire codes for high-rises, with Tokyo's 2024 building regulations specifically mandating its use in residential towers over 50 meters.
Emerging composite technologies integrating phase-change materials could expand fiber cement's thermal regulation capabilities, positioning it for next-generation energy-efficient buildings.
COMPANY MISSION
Commercial buildings account for 59% of fiber cement applications, with demand surging in office complexes, hospitals, and retail spaces.
Medium-density fiber cement dominates this segment with 45% market share due to its ideal balance of durability (30+ year lifespans) and workability. The material's moisture resistance— capable of withstanding 95% relative humidity without warping—makes it particularly valuable for healthcare facilities and data centers.
Furthermore, its sound insulation properties (achieving STC ratings up to 50) are driving adoption in urban mixed-use developments where noise mitigation is critical.
REGIONAL MARKET OUTLOOK
North America
North America remains a mature yet growing fiber cement market, driven by robust demand from the construction sector, particularly in residential and commercial projects. The U.S. dominates the region, accounting for nearly 85% of the regional market share, supported by stringent building codes emphasizing fire resistance and sustainability. Fiber cement siding is increasingly preferred for its durability and low maintenance, aligning with energy-efficient construction trends.
Europe
Europe’s fiber cement market benefits from strict environmental regulations and the rising adoption of sustainable construction materials. Countries like Germany and France lead the market due to high awareness of eco-friendly building solutions and government-backed incentives for energy-efficient renovations. Etex Group and Swisspearl Group hold significant market presence.
COMPETITIVE LANDSCAPE
• James Hardie (Ireland)
• Etex Group (Belgium)
• Swisspearl Group (Switzerland)
• Mahaphant (Thailand)
• Elementia (Mexico)
• Everest Industries (India)
These companies represent some of the major key players driving innovation and growth in the market, contributing significantly to global supply and competitive dynamics.
DOWNLOAD FREE SAMPLE PDF BROCHURE
About Us
Founded in 2015, 24chemicalresearch is a trusted name in global chemical industry intelligence. We specialize in delivering high-quality market research reports, empowering over 30+ Fortune 500 clients with data-driven insights for strategic growth. Our team of experienced analysts delivers customized, reliable, and timely research backed by a rigorous methodology. From mining regulatory trends to forecasting market opportunities, our reports help companies navigate industry challenges, stay competitive, and grow confidently.
As a one-stop platform for the chemical sector, we offer:
• Deep specialization in chemical market analysis
• Customized reports tailored to your needs
• A robust portal with free samples, consulting, and competitive insights
