Global Fiber Cement Cladding Panels Market Expected To Grow At A CAGR of 3.8% Between 2016-2020

Date: 2016-10-10

Fiber cement cladding panel (or “fiber cement siding” in the North America) is a building material used to cover the exterior of a building in both commercial and domestic applications. Fiber cement is a composite material made of sand, cement and cellulose fibers.

Thanks to Fiber cement cladding panel’s various qualities such as durability, fire resistance, silica dust particles cutting, the Global Fiber Cement Cladding Panels Market is expected to grow at a CAGR of 3.8% between 2016-2020.

New housing to drive dominant residential market
The residential market makes up the majority of fiber cement demand. While new housing demand for fiber cement products will increase at the fastest pace through 2020, residential improvement and repair will continue to account for a larger portion of residential demand.

Siding applications to offer best growth opportunities
Siding accounts for nearly 70 percent of fiber cement product demand. Fiber cement manufacturers have found a great deal of success in this application, managing to penetrate a highly competitive market and becoming a major material option for siding over the course of a couple of decades.

In terms of geography, North America accounts the largest market around the world, in US, backerboard is the second largest application for fiber cement; the region followed by Europe, and Asia Pacific is expected to grow at a highest CAGR over 2016-2020.

Fiber Cement Cladding Panels market share by region as following:


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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 1-510-400-8520


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