Fiber Cement Rainscreen Panels Market Overview:
Fiber Cement Rainscreen Panels Market size is estimated to reach $76.3 billion by 2030, growing at a CAGR of 8.2% during the forecast period 2024-2030. The surging demand for energy-efficient buildings and the escalating trend of sustainable materials adoption are propelling the Fiber Cement Rainscreen Panels market growth.
Additionally, the mounting requirement for fire-resistant rainscreen solutions across various industries such as commercial, industrial and residential are creating substantial growth opportunities for the Fiber Cement Rainscreen Panels Market. These factors positively influence the Fiber Cement Rainscreen Panels industry outlook during the forecast period.
Fiber Cement Rainscreen Panels Market - Report Coverage:
The “
Fiber Cement Rainscreen Panels Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the
Fiber Cement Rainscreen Panels Market.
| Attribute |
Segment |
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By Type
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By Construction
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Renovation
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New Construction
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By Application
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Commercial
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Residential
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Industrial
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By Geography
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North America (U.S., Canada and Mexico)
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Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe),
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Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific),
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South America (Brazil, Argentina, Chile, Colombia and Rest of South America)
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Rest of the World (Middle East and Africa).
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COVID-19 / Ukraine Crisis - Impact Analysis:
●The COVID-19 pandemic caused a decrease in demand for new construction projects in the fiber cement rainscreen panels market due to the uncertain economic climate. Additionally, the availability of raw materials such as cement and sand decreased as production facilities were disrupted, leading to a reduced supply of fiber cement rainscreen panels and an increase in prices. The pandemic also intensified competition in the market, with some companies closing or reducing production, which resulting in lower prices and profits for the remaining players.
●The conflict between Russia and Ukraine disrupted the supply chains of essential raw materials such as cement, gypsum and sand impacting the production of fiber cement rainscreen panels. Consequently, the market experienced material shortages and subsequent price increases. However, the construction industry responded to a rising demand for sustainable materials, particularly fiber cement rainscreen panels, as a greener alternative to conventional wood and brick. This demand was propelled by the industry's increasing emphasis on sustainable construction practices.
Key Takeaways:
● Fastest Growth Asia-Pacific Region
Geographically, in the global Fiber Cement Rainscreen Panels Market share, Asia Pacific is analyzed to grow with the highest CAGR of 9.7% during the forecast period 2024-2030. The growth in Asia Pacific is attributed to the increasing focus on energy efficiency and sustainable building practices in countries like China and India has resulted in a higher adoption of fiber cement rainscreen panels. Fiber cement rainscreen panels are a popular choice for building cladding in the region due to their durability, fire resistance, and environmental friendliness.
●Renovation to Register the Fastest Growth
In the Fiber Cement Rainscreen Panels Market analysis, the Renovation segment is estimated to grow with the highest CAGR of 8.9% during the forecast period. Renovations often require materials that are lightweight, versatile, and easy to install, making these panels a popular choice. Additionally, their ability to enhance the building's appearance, provide insulation, and improve energy efficiency further boosts their demand in renovation projects.
● Commercial is Leading the Market
According to the Fiber Cement Rainscreen Panels Market forecast, the Commercial held the largest market share of 47% in 2023 owing to the increasing demand for sustainable and durable cladding materials in commercial buildings. Fiber cement rainscreen panels are made from a mixture of cement, cellulose fibers, and water, which makes them strong, durable, and fire-resistant. They are also low-maintenance and can last for many years without requiring repainting or refinishing.
● The Surging Demand for Energy-Efficient Buildings
Fiber cement rainscreen panels are a highly energy-efficient, durable and aesthetically appealing building material that can help governments and businesses reduce their carbon footprints. These panels minimize heat loss and gain, which results in substantial energy bill savings and reduced greenhouse gas emissions. Additionally, their durability offers significant protection against the elements and vandalism, reducing the need for frequent repairs and maintenance. In 2022, according to the IEA report, In 2022, According to the IEA report, Buildings and construction contributed to 30% of global final energy consumption and 27% of energy sector emissions.The increasing demand for energy-efficient solutions, such as fiber cement rainscreen panels, will lead to a shift in the construction industry.
● The Escalating Trend of Sustainable Materials Adoption
The growing trend of adopting sustainable materials is driving the growth of the fiber cement rainscreen panels market. Fiber cement rainscreen panels are made from recycled materials and are highly durable. They also provide excellent insulation, which can help to reduce energy costs. As governments and businesses look to reduce their carbon footprints, they are increasingly turning to fiber cement rainscreen panels as a sustainable and cost-effective option for new construction.
● High Costs Hamper the Market Growth
The high cost of fiber cement rainscreen panels impedes market growth. The high cost is due to the use of cement, sand, and cellulose fibers in their production. These materials provide strength and durability, but they also increase the price compared to alternatives like vinyl or wood cladding. The high cost can discourage potential buyers, particularly budget-conscious homeowners and present challenges for businesses considering commercial applications.
Fiber Cement Rainscreen Panels Market Share (%) By Region, 2023
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Key Market Players:-
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Fiber Cement Rainscreen Panels Market. The top 10 companies in this industry are listed below:
1. Saint-Gobain S.A.
2. Etex Group
3. James Hardie Industries plc
4. Nichiha Corporation
5. AZEK Building Products, Inc.
6. Cembrit
7. American Fiber Cement
8. USG Corporation
9. Fibrocem
10. Cladding Corp
Scope of the Report:
| Report Metric |
Details |
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Base Year Considered
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2023
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Forecast Period
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2024–2030
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CAGR
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8.2%
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Market Size in 2030
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$76.3 billion
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Segments Covered
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Type, Construction, Application and Region
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Geographies Covered
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North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).
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Key Market Players
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