The Europe
Fiber Cement Market is estimated to reach $4,411 million,
registering a CAGR of 4.6% from 2018 to 2023. Moreover, the Western European
region is expected to dominate the European market by 2023, registering a CAGR
of 4.9% from 2018 to 2023.
"Increase in adoption of non-asbestos fiber
cement products post the ban on asbestos products has supplemented the growth
of the market. The region focuses on eliminating use of toxic minerals in
infrastructure development projects and promotes the adoption of eco-friendly
cement products."
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Growth in
the construction industry in developing countries, the ban on asbestos cement
products, high-efficiency fiber cement products, an increase in rapid
urbanization and industrialization. The increase in infrastructure investment
also serves as an opportunity for the European market. However, a lack of
skilled labor in developing countries in Europe is expected to hamper the
growth of the fiber cement market.
The key
market players profiled in the report include Evonik Industries AG, GIP GmbH,
MASTERTEC GmbH & Co. KG, Briarwood Products Ltd., RILCO UK, VIVALDA
Limited, BRICQ SAS, PLAKA Group France SAS, Compagnie de Saint-Gobain S.A.,
Amiantec 3000, S.L., Grupo LOHE F.S., S.A., Tubex SA, Bernardelli Group, and
LANDINI S.p.A. di Landini Cav. Mirco.
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Fiber cement
products have gained popularity in recent years. Homeowners prefer fiber cement
siding compared to vinyl siding due to durability, resistance to termites and
water, flame retardancy and low maintenance. Increasing consumer interest in
fiber cement boards, sheets, slates and other products has created a favorable
opportunity for fiber cement manufacturers to offer a wide range of products in
dark tones and natural colors.
End users
of the fiber cement industry are residential and commercial sectors. Industrial
sector projects generated the highest return in 2016 due to the large scale
installation of fiber cement products in industrial infrastructure projects.
However, the housing sector is expected to experience rapid growth during the
forecast period due to rapid urbanization in developing countries in Europe.
Western
Europe was the highest revenue contributor to the fiber cement market in 2016
and is expected to maintain its position throughout the forecast period. Rapid
renovation projects in countries such as Germany, the UK, Sweden, and France
have led to high adoption of fiber cement products in the region, and is
anticipated to boost the fiber cement market.
Key Findings of the Europe Fiber Cement Market:
1.
Western
Europe is projected to be the fastest growing region, in terms of revenue,
registering a CAGR of 4.9% during the forecast period.
2. The trim segment is anticipated to witness highest growth rate during the
forecast period.
3. Germany dominated Western Europe in 2016 and is estimated to continue its
dominance throughout the forecast period.
4. Czech Republic is projected to register highest growth during the period
2018-2023.
5. The commercial segment was the highest revenue contributor to the Europe
fiber cement market in 2016, accounting for 61.4% share and is expected to 6.
maintain its dominance throughout the forecast period.
Acess
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