At 7.5% CAGR, the Europe Fiber Cement Market is projected to be worth US$ 10,571.71 million by 2028, says Business Market Insights

According to Business Market Insights research, the Europe fiber cement market was valued at US$  6,833.91 million in 2022 and is expected to reach US$  10,571.71 million by 2028, registering a CAGR of 7.5% from 2022 to 2028. Growing awareness regarding benefits of fiber cement and surging demand for energy-efficient buildings are the critical factors attributed to the Europe fiber cement market expansion. 

According to the World Bank, across the world, a large proportion of the population lives in cities. In 2011, 52.0% lived in urban areas. The scheme will invest in residential and commercial housing and infrastructure projects. The increasing residential and nonresidential construction activities in emerging economies due to rising government plans for supporting construction activities are expected to provide opportunities for the Europe fiber cement market during the forecast period.

On the contrary, high cost of installation hampers the Europe Fiber Cement Market.  

Based on type, the Europe fiber cement market is segmented into air-cured and autoclaved. The autoclaved segment held 75.8% share of Europe Fiber Cement Market in 2022, amassing US$  5,180.11 million. It is projected to garner US$  7,929.59 million by 2028 to expand at 7.4% CAGR during 2022–2028. 

Based on application, the Europe fiber cement market is segmented into roofing, outside siding or façade, and others. The outside siding or façade segment held 45.1% share of Europe Fiber Cement Market in 2022, amassing US$ 3,080.09 million. It is projected to garner US$  4,722.46 million by 2028 to expand at 7.4% CAGR during 2022–2028.

Based on end- use, the Europe fiber cement market is segmented into residential and non-residential. The non-residential segment held 50.6% share of Europe Fiber Cement Market in 2022, amassing US$ 3,455.81 million. It is projected to garner US$ 5,234.19 million by 2028 to expand at 7.2% CAGR during 2022–2028.

Based on country, the Europe fiber cement market  has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 27.2% share of Europe Fiber Cement Market in 2022. It was assessed at US$ 1,856.50 million in 2022 and is likely to hit US$ 2,846.69 million by 2028, exhibiting a CAGR of 7.4% during the forecast period. 

Key players dominating the Europe fiber cement market are Compagnie de Saint Gobain SA; Etex NV; James Hardie Industries plc; NICHIHA Corp; and Swisspearl Group AG, among others.

• In June 2022, Swisspearl Group in Niederurnen, Switzerland, is acquiring Denmark's Cembrit retroactively as of January 2022, thus creating Europe's second-largest fiber cement producer. This acquisition will help Swisspearl Group strengthen its already strong European presence with the Cembrit core markets and develop new focus markets jointly.

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