U.S. Fiber Cement Market Size, Share & COVID-19 Impact Analysis, By Material (Portland, Silica, Cellulosic, and Others), By Application (Sliding, Roofing, Cladding, Molding & Trimming, and Others), By End-use (Residential and Non-Residential), and Country Forecast, 2023-2030

The U.S. fiber cement market size was USD 2.25 billion in 2022 and is projected to grow at a CAGR of 4.0% during the forecast period.

The rise in advanced architecture practices is anticipated to boost market growth. Fiber cement is usually made of cellulose fiber combined with other cement materials. This cement gives the building contractors and engineers complete flexibility to design the least and most advanced typical structures for airports, malls, and cinema halls. Therefore, the increasing activity in the construction industry is surging the U.S. fiber cement market size.

The global cement industry experienced the impact of the COVID-19 pandemic, halting the manufacturing operations of leading companies as a preventive measure. This resulted in a drastic decrease in the market share in the country’s construction industry due to disruptions in production by key manufacturers.

U.S. Fiber Cement Market Trends

Increasing Use of Fiber Cement in Exterior Wall Systems is the Prominent Trend in the Country

The consumption of fiber cement in sliding, cladding, and roofing applications has increased in the country due to the demand for exterior wall systems.  This wall setup provides the utmost safety and protection from harsh environmental conditions. On the other side, the country's government is encouraging construction activities focused on green buildings, where the exterior wall system plays a crucial role in reducing energy consumption. Thus, all these factors are anticipated to boost fiber cement consumption in the U.S.

U.S. Fiber Cement Market Growth Factors

Growing Demand for Advanced Construction Materials is anticipated to Drive Market Growth

The demand for the product has recently increased due to its use as an advanced building material in the construction industry. Over the past years, urbanization and industrialization in developing countries have influenced youngsters to move to metro cities for a better life and livelihood. This has increased residential construction, further surging the product demand. This product is used as a key raw material for constructing residential paving tiles, cladding, and sliding for exterior anti-moisture protection walls. Thus, the rise in construction demand is anticipated to boost the U.S. market growth.

RESTRAINING FACTORS

Limitations on the Use of Fiber Materials to Hinder Market Growth

Rising health-related issues such as asthma and sinus in the country may hamper market growth. The fibrous material easily dissolves in the air and causes breathing-related issues. Therefore, the U.S. government imposed strict rules and regulations on using microfibrous material. For instance, The United States Environmental Protection Agency instructed on using and safely exposing fibrous silicate minerals in product manufacturing.

U.S. Fiber Cement Market Segmentation Analysis

By Material Analysis

Based on the material, the market is segmented into portland, silica, cellulosic, and others.

The portland segment accounted for the largest market share in 2022. The growth of the portland segment in the country is associated with the rise in the demand for ceiling patterns to decorate the room. Portland cement is a well-known material for this kind of work. As a result, the segment is gaining a share in the U.S. market.

The rise in the demand for flexible construction & building materials such as fiber cement and green cement owing to their energy-conserving nature is anticipated to boost the market growth. These materials enhance the cement's properties by making it more flexible and crackle.

By Application Analysis

The market is segmented based on application into sliding, roofing, cladding, molding & trimming, and others. 

The sliding segment is anticipated to hold a leading market share during the forecast period. The product's superior tensile strength and structural flexibility in sliding applications will drive segment growth. The rise in the demand for ceiling materials for decoration is expected to boost the roofing segment’s growth.

The cladding, molding & trimming, and sliding segments are expected to grow with a moderate CAGR over the forecast period owing to the rising demand for exterior wall systems.

By End-use Analysis

Based on end-use, the market is segmented into residential and non-residential.

The residential segment held a dominant U.S. fiber cement market share in 2022. The increasing urban population and migration of job seekers to the cities are anticipated to boost the residential segment’s growth. The demand for flats, bungalows, and houses has increased over time, which provides growth opportunities in the construction industry. Such factors are anticipated to boost the product demand from the residential segment.

The growth of the non-residential segment is associated with the increasing number of offices, airports, shopping malls, and complexes in the country. Fiber cement delivers flexibility to engineers when designing complex structures. Therefore, these factors are expected to boost the product demand from the non-residential segment.

List of Key Companies in U.S. Fiber Cement Market

In terms of the competitive landscape, the market depicts the presence of established and emerging fiber cement companies. Key players include James Hardie Industries PLC, ETEX Group, Evonik Industries, Saint Gobain, and Nichiha Corporation. Industry players compete primarily based on the price and application characteristics of the product. Companies are emphasizing product innovation, social marketing, acquisition, and collaborations.

LIST OF KEY COMPANIES PROFILED:

• James Hardie Industries PLC (Ireland)


• ETEX Group  (Belgium)


• Evonik Industries (Germany)


• Saint Gobain (France)


• Nichiha Corporation (Japan)


• plycem corporation (Costa Rica)


• Elementia Materiales (U.S.)


• Soben International (Scotland)


• GAF (U.S.)

REPORT COVERAGE

The study report thoroughly examines key factors such as leading companies, applications, and products. It also provides market trends and highlights significant industry advancements. The study includes different variables that have contributed to the market's growth in recent years. It examines the industry's newest market dynamics and opportunities, as well as historical data and revenue growth estimates at the country level.

Report Scope & Segmentation