At 6.0% CAGR, the Middle East & Africa Fiber Cement Market is projected to be worth US$ 2,784.96 million by 2028, says Business Market Insights

According to Business Market Insights research, the Middle East & Africa fiber cement market was valued at US$ 1,958.87 million in 2022 and is expected to reach US$ 2,784.96 million by 2028, registering a CAGR of 6.0% 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 Middle East & Africa fiber cement market expansion.

Durability is one of the most desirable qualities of fiber cement. Fiber cement siding, boards, and panels typically outlast vinyl siding and other alternative products in lifespan. Within 10 to 15 years, vinyl siding can show signs of aging, whereas fiber cement siding can last up to 30 to 50 years or more. Further, in cement production, carbon dioxide is a byproduct. However, manufacturing vinyl siding containing polyvinyl chloride (PVC) produces more carbon dioxide than cement production. Moreover, vinyl siding off-gases throughout its lifetime as it occupies a space landfill. Hence, fiber cement siding is a greener alternative to vinyl siding. Fiber cement products do not require frequent repainting as it holds paint well. Also, they do not dent unlike steel siding. Fiber cement products stand stronger in moisture and leaks than gypsum boards. These products possess excellent moisture-absorbing and drying properties, making them resistant to weather changes. Fiber cement products are fireproof, insect resistant, and perform well in natural disasters. The products have good sound insulation properties suitable for building good quality and long-lasting homes. Further, fiber cement products are available in various styles such as panels and shingles. They are also available in baked-on, prefinished colors that do not require painting. Owing to the growing awareness about these benefits of fiber cement products compared to other substitute products, they are increasingly used in flooring, furniture making, and wall cladding, which drives the Middle East & Africa fiber cement market growth.

On the contrary, high cost of installation hampers the Middle East & Africa Fiber Cement Market.  

Based on type, the Middle East & Africa fiber cement market is segmented into air-cured and autoclaved. The autoclaved segment held 79.8% share of Middle East & Africa Fiber Cement Market in 2022, amassing US$ 1,563.36 million. It is projected to garner US$ 2,203.94 million by 2028 to expand at 5.9% CAGR during 2022–2028. 

Based on application, the Middle East & Africa fiber cement market is segmented into roofing, outside siding or façade, and others. The roofing segment held 42.2% share of Middle East & Africa Fiber Cement Market in 2022, amassing US$ 826.20 million. It is projected to garner US$  1,211.71 million by 2028 to expand at 6.6% CAGR during 2022–2028.

Based on end- use, the Middle East & Africa fiber cement market is segmented into residential and non-residential. The non-residential segment held 65.6% share of Middle East & Africa Fiber Cement Market in 2022, amassing US$ 1,285.21 million. It is projected to garner US$ 1,803.72 million by 2028 to expand at 5.8% CAGR during 2022–2028.

Based on country, the Middle East & Africa fiber cement market  has been categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 38.5% share of Middle East & Africa Fiber Cement Market in 2022. It was assessed at US$ 753.78 million in 2022 and is likely to hit US$ 1,035.51 million by 2028, exhibiting a CAGR of 5.4% during the forecast period.

Key players dominating the Middle East & Africa fiber cement market are Compagnie de Saint Gobain SA; Etex NV; Isam Khairi Kabbani Group; and Swisspearl Group AG, among others.

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