Report Details:
15 Companies Covered
100 Pages
Pune, India, June 2019/MRFR Press Release/- Market Research Future Published a Half-Cooked Research Report on the Global Fiber Cement Rainscreen Panels Market. The Global Fiber Cement Rainscreen Panels Market is Expected to Grow at 6.23% CAGR During the Period, 2024 - 2032.
Fiber Cement Rainscreen Panels Market Highlights
The global fiber cement rainscreen panels market is anticipated to witness sustainable growth on the back drop of growing popularity of fiber cement panels mainly for rainscreen cladding systems. They are weatherproof and have the capability of resisting high pressure winds and rainwater. Fiber cement panels are cost effective and are commercially available in different colors and sizes, which also improve the aesthetic appeal of the rainscreen cladding buildings. Manufacturers in the construction industry are tapping lucrative opportunities by developing innovative products, which is also one of the key business strategies in this market. However, stringent regulations regarding manufacturing fiber cement rainscreen panels and claddings are expected to be a threat to manufacturers.
The Fiber Cement Rainscreen Panels Market Size was estimated at 3.72 (USD Billion) in 2022.The Fiber Cement Rainscreen Panels Industry is expected to grow from 3.95(USD Billion) in 2023 to 6.8 (USD Billion) by 2032. The Fiber Cement Rainscreen Panels Market CAGR (growth rate) is expected to be around 6.23% during the forecast period (2024 - 2032).
Europe is expected to witness a gradual increase in the fiber cement rainscreen panels market during the forecast period: MRFR
On the basis of region, the global fiber cement rainscreen panels market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. In 2018, Europe accounted for the largest market share, followed by North America and Asia-Pacific. This can be attributed to the rising demand for private housing, commercial and infrastructure construction growth, and increasing privately funded projects in the region. Moreover, the various benefits of fiber cement panels such as high durability, low maintenance cost, and dimensional stability have further enhanced the demand for the fiber cement rainscreen panels in the region.
The ultra-thin panels segment is expected to hold the highest growth rate in the global fiber cement rainscreen panels market: MRFR
On the basis of type, the ultra-thin panels segment accounted for the largest market share, which is also expected to witness maximum growth rate during the forecast period, due to its features such as cost-effectiveness, high durability and performance. Manufacturers are working on developing innovative products and eco-friendly manufacturing processes by investing in research and development. The conventional panels segment accounted for second largest market share, and is projected to witness steady growth for the next few years.
The residential segment accounted for the largest market share in the global fiber cement rainscreen panels market: MRFR
On the basis of application, the residential segment accounted for the largest market share in 2018, which is expected to retain its position by 2028. This can be attributed to the growing population in emerging economies, such as China, India, and Brazil, which drives the demand for residential buildings. Hence, the residential segment is anticipated to experience unprecedented growth for fiber cement rainscreen panels in the construction industry.
Key Players
The prominent players operating in the global fiber cement rainscreen panels market are Saint-Gobain SA (France), Etex Group NV (Belgium), American Fiber Cement Corp. (US), Cladding Corp. (US), James Hardie Industries plc (Ireland), Evonik Industries AG (Germany), Cembrit (Ireland), Sanle Group, and Guangdong Soben Green.
Scope of the Report
This study provides an overview of the global fiber cement rainscreen panels market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific and the rest of the world. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global fiber cement rainscreen panels market by type, application, and region.
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By Type- Ultra-Thin Panels
- Thick Panels
- Super Thick Panels
- Conventional Panels
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By Application- Residential
- Commercial
- Industrial
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By Region- North America
- Asia-Pacific
- Europe
- Rest of the World
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