The SAM fiber cement board market is expected to grow from US$ 143.34 million in 2021 to US$ 171.23 million by 2028; it is estimated to register a CAGR of 2.6% from 2021 to 2028.
The focus from governments of various SAM countries to support and increase construction activities has increased across the region. The rising residential and non-residential construction activities across the region are providing growth opportunities for the fiber cement board market. Thus, an increase in government plans for supporting construction activities is providing lucrative opportunities for the SAM fiber cement board market.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM fiber cement board market at a notable CAGR during the forecast period.
The SAM fiber cement board market is segmented based on type, end user, and country. Based on type, the market is segmented into low-density fiberboard, medium-density fiberboard, and high-density fiberboard. In 2021, the medium-density fiberboard segment dominated the market, and the high-density fiberboard segment is expected to register the highest CAGR during the forecast period. Based on end user, the market is bifurcated into residential and non-residential. The residential segment led the market in 2021, and it is expected to register a higher CAGR during the forecast period. Based on country, the SAM fiber cement board market is segmented into Brazil, Argentina, and the Rest of SAM.
Beijing Hocreboard Building Materials Co. Ltd.; Dow Inc.; Hume Cemboard Industries Sdn Bhd; NICHIHA Co., Ltd; SAINT GOBAIN S.A.; SCG Building Materials Co., Ltd.; and Tepe Betopan A.Ş. are among the leading companies operating in the SAM fiber cement board market