PUNE, India, June 20, 2016 /PRNewswire/ --

The global market for fiber cement is to register 4.80% CAGR and reach USD 17.38 billion by 2021 driven by the growing construction industry while the roofing segment is projected to be the fastest-growing application of fiber cement in the next five years.

Complete report on global fiber cement market spread across 184 pages, profiling 10 companies and supported with 159 tables and 52 figures is now available http://www.rnrmarketresearch.com/fiber-cement-market-by-material-portland-cement-sand-fiber-and-other-materials-including-paints-and-additives-application-siding-roofing-molding-trim-and-other-applications-end-use-residential-and-non-st-to-2021-market-report.html

Growth in the construction industry throughout the world as well as strict regulations against the use of asbestos cement have played a huge role in providing the necessary momentum to the fiber cement market, after the economic slowdown.

Roofing is projected to be the fastest-growing application of fiber cement in the next five years. Fiber cement roofing is durable and aesthetically pleasing. However, siding is projected to be the most common application of fiber cement by 2021, in terms of market size.

The market for fiber cement is also segmented based on region which includes North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific accounted for the largest share of the total demand generated by the global fiber cement market in 2015because of the willingness of companies in the region to take up capital-intensive projects, along with the availability of technical expertise. The Asia-Pacific region is projected to be the fastest-growing market for fiber cement, during the forecast period, owing to the rising economy and the rapid growth in the infrastructure sector.

The various suppliers of fiber cement and related products in the report such as Etex Group NV (Belgium), James Hardie Industries PLC (Ireland), Evonik Industries AG (Germany), Compagnie de Saint Gobain SA (France), Toray Industries Inc (Japan), CSR Limited (Australia), The Siam Cement Public Company Limited (Thailand), Nichiha Fiber Cement (Japan), Plycem USA, Inc. (U.S.) and Cembrit Holding A/S (Denmark). Order a copy of Fiber Cement Market by Material (Portland cement, Sand, Fiber, And Other Materials Including Paints and Additives), Application (Siding, Roofing, Molding & Trim, and Other Applications), End-Use (Residential and Non-Residential) - Forecast to 2021 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=615762

In the process of determining and verifying, the global fiber cement market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (56%), Tier 2 (33%) and Tier 3 (11%) companies were contacted for primary interviews. The interviews were conducted with various key people such as Director Level (56%), C-Level (28%) and others (13%) from various key organizations operating in the global fiber cement market. The primary interviews were conducted worldwide covering regions such as North America (43%), Europe (29%), APAC (29%) and RoW (7%).

On a related note, another research on Building Panels (Residential & Non-Residential) Market Forecast to 2021 says, the global market for building panels is projected to grow from USD 170.83 billion in 2016 to reach USD 230.93 billion by 2021, at an estimated CAGR of 6.21%. Concrete panels segment is projected to account for the largest market share during the forecast period. Asia-Pacific region is to gain maximum traction during the forecast period. Companies like Panasonic Corporation, Saint-Gobain, Nippon Steel & Sumitomo Metal Corporation, CRH plc, Lafarge, Evonik Industries AG, Huntsman International LLC., Dow Corning Corporation, Fletcher Building Limited and Boral Limited have been profiled in this 265 pages research report available at http://www.rnrmarketresearch.com/building-panels-market-by-type-concrete-panels-vip-sip-wood-panel-raw-material-concrete-plastic-metal-wood-silica-end-use-floors-roofs-walls-columns-beams-staircase-application-residential-st-to-2021-market-report.html

Explore more reports on Manufacturing & Construction market at http://www.rnrmarketresearch.com/reports/manufacturing-construction

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