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CHEMICALS AND ADVANCED MATERIALS

Fiber Cement Rainscreen Panels Market Segmentation by Type (Ultra-Thin Panels, Thick Panels, Super Thick Panels, and Conventional Panels); and by Application (Residential, Commercial, Industrial, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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IN THE NEWS

  • April, 2021: Sanle Group and Aquatic Technology Group to form strategic cooperation agreement to fix fiber cement board prices.

  • November, 2020: Etex Group NV announced the acquisition of Knauf Plasterboard Pty Limited.   

Global Fiber Cement Rainscreen Panels Market Highlights over 2022 – 2031

The global fiber cement rainscreen panels market is estimated to grow at a CAGR of ~13% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the higher strength and durability of fiber cement, along with the increasing demand for rainscreen in buildings. The growing need for rainscreen panels owing to their efficiency in thermal insulation, carry wind loading, and ensure proper drainage, is anticipated to drive the market growth. Moreover, fiber cement rainscreen panels reduce energy loss, which makes them ideal for net-zero energy buildings. In addition to this, the various government initiatives to promote construction of energy-efficient buildings, in order to reduce the overall negative impact of construction on the environment, is estimated to fuel the market growth.  According to the data by the International Energy Agency (IEA), around USD 4 trillion must be added to the annual clean energy investment by 2030 in order to reach net zero emissions by 2050. Furthermore, secondary factors, such as, growing global energy crisis, increasing incidences of unpredictable natural calamities, extreme seasons, and escalating construction activities, are anticipated to boost the market growth.

Fiber Cement Rainscreen Panels Market Graph

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The market is segmented by application into residential, commercial, industrial, and others, out of which, the residential segment is anticipated to hold the notable share in the global fiber cement rainscreen panels market over the forecast period. The use of rainscreen panels reduces the energy costs significantly for a household, which is estimated to boost the segment growth. Furthermore, the durability, strength, and resistance of fiber cement is also expected to boost the segment growth.

Major Macro-Economic Indicators Impacting the Market Growth

Chemicals Graph

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Fiber Cement Rainscreen Panels Market Regional Synopsis

On the basis of geographical analysis, the global fiber cement rainscreen panels market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the high demand for rainscreen cladding in buildings, backed by the extreme cold temperature in countries, such as, Canada, and the United States. Moreover, rising residential building construction, backed by growing urban population, is estimated to boost the regional market growth. According to the World Bank data, 82.553% of the population in North America lives in urban settlements.

On the other hand, the market in the Europe region is estimated to witness noteworthy growth over the forecast period on the back of growing construction activities, along with demand for high resistance rainscreen panels to combat the weather conditions.

Fiber Cement Rainscreen Panels Market Share Image

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The global fiber cement rainscreen panels market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global fiber cement rainscreen panels market includes the following segments:

By Type

  • Ultra-Thin Panels
  • Thick Panels
  • Super Thick Panels
  • Conventional Panels

By Application

  • Residential
  • Commercial
  • Industrial
  • Others

Growth Drivers

  • High Strength and Durability of Fiber Cement 
  • Growing Demand for Rainscreen Panels Globally

Challenges

  • Stringent Regulations Regarding the Production of Fiber Cement
  • High Cost of Installation

Top Featured Companies Dominating the Market

  • Guangdong Soben Green Building Systems Co., Ltd.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Evonik Industries AG
  • James Hardie Industries plc
  • Cladding Corp
  • American Fiber Cement Corporation
  • Saint-Gobain SA
  • Etex Group NV
  • Cembrit Holding A/S
  • SANLE Group
  • Middle East Insulation LLC

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