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Fiber Cement Rainscreen Panels Market - By Type (Super Thick Panels, Thick Panels, Conventional Panels, Ultra-Thin Panels, Others [Fire-Rated Panels]), By Construction (Renovation, New Construction), By Application (Commercial, Residential, Industrial), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030
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.
Market Snapshot:
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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.
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
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:
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1.Fiber Cement Rainscreen Panels Market - Overview
1.1.Definitions and Scope
2.Fiber Cement Rainscreen Panels Market - Executive Summary
3.Fiber Cement Rainscreen Panels Market - Comparative Analysis
3.1.Company Benchmarking - Key Companies
3.2.Global Financial Analysis - Key Companies
3.3.Market Share Analysis - Key Companies
3.4.Patent Analysis
3.5.Pricing Analysis
4.Fiber Cement Rainscreen Panels Market - Start-up Companies Scenario (Premium)
4.1.Key Start-up Company Analysis by
4.1.1.Investment
4.1.2.Revenue
4.1.3.Venture Capital and Funding Scenario
5.Fiber Cement Rainscreen Panels Market – Market Entry Scenario Premium (Premium)
5.1.Regulatory Framework Overview
5.2.New Business and Ease of Doing Business Index
5.3.Case Studies of Successful Ventures
6.Fiber Cement Rainscreen Panels Market - Forces
6.1.Market Drivers
6.2.Market Constraints
6.3.Market Challenges
6.4.Porter's Five Force Model
6.4.1.Bargaining Power of Suppliers
6.4.2.Bargaining Powers of Customers
6.4.3.Threat of New Entrants
6.4.4.Rivalry Among Existing Players
6.4.5.Threat of Substitutes
7.Fiber Cement Rainscreen Panels Market – Strategic Analysis
7.1.Value Chain Analysis
7.2.Opportunities Analysis
7.3.Market Life Cycle
8.Fiber Cement Rainscreen Panels Market – by Type (Market Size – $Million/$Billion)
8.1.Super Thick Panels
8.2.Thick Panels
8.3.Conventional Panels
8.4.Ultra-Thin Panels
8.5.Others (Fire-Rated Panels)
9.Fiber Cement Rainscreen Panels Market – by Construction (Market Size – $Million/$Billion)
9.1. Renovation
9.2. New Construction
10.Fiber Cement Rainscreen Panels Market – by Application (Market Size – $Million/$Billion)
10.1.Commercial
10.2.Residential
10.3.Industrial
11.Fiber Cement Rainscreen Panels Market – by Geography (Market Size – $Million/$Billion)
11.1.North America
11.1.1.The U.S.
11.1.2.Canada
11.1.3.Mexico
11.2.Europe
11.2.1.UK
11.2.2.Germany
11.2.3.France
11.2.4.Italy
11.2.5.Spain
11.2.6.Russia
11.2.7.Rest of Europe
11.3.Asia-Pacific
11.3.1.China
11.3.2.India
11.3.3.Japan
11.3.4.South Korea
11.3.5.Australia & New Zealand
11.3.6.Rest of Asia-Pacific
11.4.South America
11.4.1.Brazil
11.4.2.Argentina
11.4.3.Chile
11.4.4.Colombia
11.4.5.Rest of South America
11.5.Rest of the World
11.5.1.Middle East
11.5.2.Africa
12.Fiber Cement Rainscreen Panels Market – Entropy
13.Fiber Cement Rainscreen Panels Market – Industry/Segment Competition Landscape Premium
13.1.Market Share Analysis
13.1.1.Market Share by Type – Key Companies
13.1.2.Market Share by Region – Key Companies
13.1.3.Market Share by Country – Key Companies
13.2.Competition Matrix
13.3.Best Practices for Companies
14.Fiber Cement Rainscreen Panels Market – Key Company List by Country Premium Premium
15.Fiber Cement Rainscreen Panels Market - Company Analysis
15.1. Saint-Gobain S.A.
15.2. Etex Group
15.3. James Hardie Industries plc
15.4. Nichiha Corporation
15.5. AZEK Building Products, Inc.
15.6. Company 6
15.7. Company 7
15.8. Company 8
15.9. Company 9
15.10.Comapny 10
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The Fiber Cement Rainscreen Panels Market is projected to grow at 8.2% CAGR during the forecast period 2024-2030.
Global Fiber Cement Rainscreen Panels Market size is estimated to be $45 billion in 2023 and is projected to reach $73.2 billion by 2030.
The leading players in the Fiber Cement Rainscreen Panels Market are Saint-Gobain S.A., Etex Group, James Hardie Industries plc, Nichiha Corporation, AZEK Building Products, Inc. and others.
The emergence of smart building sensor integration, high demand for rainscreen cladding systems and the Innovative style and designs are some of the major Fiber Cement Rainscreen Panels Market trends in the industry which will create growth opportunities for the market during the forecast period.
The surging demand for energy-efficient buildings are the driving the market growth. The mounting requirement for fire-resistant cladding solutions across various industries such as commercial, industrial and residential are creating substantial growth opportunities for the Fiber Cement Rainscreen Panels Market.