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The fiber cement siding segment generated the highest revenue in 2014, and is expected to remain dominant throughout the analysis period. The Global Fiber Cement Market generated revenue of $12,336 million in 2014, and is expected to garner $18,888 million by 2022, registering a CAGR of 5.8% from 2016 to 2022. <br>
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Fiber Cement Market OpportunitiesandForecasts 2017 – 2023
Market Overview • The global fiber cement market is segmented on the basis of raw material, application, end use, and geography. • The raw materials used for manufacturing, the market is segmented into Portland cement, silica, cellulosic fiber, and others. • The application areas of the fiber cement market are broadly classified into molding & trimming, siding, roofing, and others (backerboards, countertops, and ceiling). • The molding & trimming segment is expected to outpace the other application segments, owing to the increased installation of trim boards in housing projects. • The end user of the market is categorized into residential and non-residential sectors. • The non-residential sector accounted for the highest market share, owing to increased installation of fiber cement products in commercial, infrastructure, and other projects
Market Segmentation • North America has witnessed significant growth in terms of demand for fiber cement products • The region is expected be the fastest growing region in the global market by 2022
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