Report : Europe Fiber Cement Siding Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Portland Cement, Silica, Cellulosic Fiber, and Others), Type (Clapboard, Shingles, and Stone or Stucco), and End User (Residential and Commercial)
Clapboard Segment to Dominate Europe Fiber Cement Siding Market during 2020–2028
According to a new market research study on “Europe Fiber Cement Siding Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Material, Type, and End User” is expected to reach US$ 1,336.92 million by 2028 from 852.67 US$ million in 2021. The market is estimated to grow at a CAGR of 6.6% from 2021 to 2028. The report provides trends prevailing in the Europe fiber cement siding market along with the drivers and restraints pertaining to the market growth. Demand for energy-efficient buildings is surging and this is the major factor driving the growth of the Europe fiber cement siding market. However, various health issues associated with installation of fiber cement siding hinders the growth of Europe fiber cement siding market.
Europe fiber cement siding market is segmented into material, type, end user and country. Based on material, the Europe fiber cement siding market is segmented into portland cement, silica, cellulosic fiber, and others. The portland segment led the Europe fiber cement siding market in 2021. Based on type, the Europe fiber cement siding market is segmented into clapboard, shingles, and stone or stucco. Clapboard segment held the largest market share of Europe fiber cement siding market in 2021. Based on end user, the Europe fiber cement siding market is segmented into residential and commercial. Residential segment led the Europe fiber cement siding market in 2021. Based on country, the Europe fiber cement siding market is segmented into France, Germany, Italy, UK, Russia, and rest of Europe. Rest of Europe held the largest market share in 2021.
Cembrit Holding A/S; ETEX Group; James Hardie Industries Plc; SHERA Public Company Limited and Toray Industries, Inc. are among the leading companies in the Europe fiber cement siding market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, ETEX GROUP's 3 EQUITONE projects i.e., Watershed in Seattle, USA; 18 Robinson in Singapore; and Tiny Victories in Texas, USA were nominated for the Architizer A+Awards.
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