James Hardie Industries PLC announced its plans to expand its manufacturing facility in Prattville, Alabama, USA. The expansion aimed to meet the growing demand for fiber cement siding in the North American market. The investment reflected the company's commitment to expanding its production capabilities and strengthening its position in the industry.
Etex Group announced the acquisition of FSi Limited, a leading manufacturer of passive fire protection products based in the UK. This strategic acquisition was part of Etex Group's growth strategy to expand its product portfolio and enhance its offerings in the fire protection segment. The move demonstrated the company's focus on expanding its presence and expertise in key markets.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5095
Published Date: Jul 21, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing construction sector advancements is the major factor driving the market growth.
The market size of fiber cement is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2023 – 2035.
The major players in the market are James Hardie Industries PLC, Etex Group, Cembrit Holding A/S, Nichiha Corporation, Allura USA, Swisspearl, and others.
The residential segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.