Global Fiber Cement Rainscreen Panels Market Key Insights

During the forecast period of 2023-2035, the global fiber Cement Rainscreen Panels market is expected to reach an estimated value of ~USD 18 billion by 2035, by expanding at a CAGR of ~10%. The market further generated a revenue of ~USD 11 billion in the year 2022. Major key factors propelling the growth of the fiber cement rainscreen panels market worldwide are the higher strength and durability of fiber cement, along with the increasing demand for rainscreen in buildings.

Market Definition of Fiber Cement Rainscreen Panels

Pulverized limestone, cement, cellulose fiber, and water are the ingredients used to make fiber cement. Owing to their weatherproof nature and ability to easily withstand strong winds and rain, these panels are becoming more and more popular in the rain-screen cladding market. Siding made of fiber cement panels is a long-lasting, low-maintenance material that is utilized on some commercial and residential construction projects. It is made of a semi-rigid material that offers strong defense while retaining good flexibility.

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Global Fiber Cement Rainscreen Panels Market: Growth Drivers

The growth of the global fiber cement rainscreen panels market can majorly be attributed to the rising adoption of the product owing to its unique characteristics including the long-lasting and highly durable nature of fiber cement rainscreen panels. For instance, fiber cement siding offers high durability and can last as long as 50 years additionally, these siding materials require minimal maintenance and can often be repainted after a few years to enhance curb appeal. On the other hand, the market growth can also be attributed to the fact that fiber cement panels increase home value. For instance, fiber-cement siding is one of the best exterior improvement projects for increasing value at resale since homeowners can recoup more than 75 percent of the initial expenditure.

The global fiber cement rainscreen panels market is also estimated to grow majorly on account of the following:

• Expansion of the Construction Industry Across the Globe
• High Strength, Durability, and Long-Life of Fiber Cement
• Growing Urbanization
• Growing Industry Value Worldwide
• Significant Expansion of Chemical Industry

Global Fiber Cement Rainscreen Panels Market: Restraining Factor

There are stringent regulations regarding the production of fiber cement, and the high cost of installation are some of the factors that are expected to be the major hindrance to the growth of the global fiber cement rainscreen panels market during the forecast period.

Global Fiber Cement Rainscreen Panels Market Segmentation 

• By Application (Residential, Commercial, Industrial, and Others)

The residential segment, amongst all the other segments, is anticipated to garner the largest revenue by the end of 2035. The growth of the segment can be attributed to the use of rainscreen panels as it reduces the energy costs notably for a household, which is estimated to boost the segment growth. In addition to this, the increasing 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 segmental growth. It was found that in order to achieve net zero emissions by 2050, it is estimated that an additional USD 4 trillion in clean energy investments must be made each year by 2030.

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• By Type (Ultra-Thin Panels, Thick Panels, Super Thick Panels, and Conventional Panels)
• By Region

The North America fiber cement rainscreen panels market is anticipated to hold the largest market share by the end of 2035 among the market in all the other regions. High demand for rainscreen cladding in buildings, backed by the extreme cold temperature in countries, such as Canada, and the United States are the major factors anticipated to propel the growth of the market in the region during the projected time period. Moreover, growing housing building construction, supported by the rising urban population, is estimated to boost regional market growth. The World Bank estimates that 82.553% of people in North America reside in urban areas.

The market research report on global fiber cement rainscreen panels also includes the market size, market revenue, Y-o-Y growth, and key player analysis applicable for the market in North America (U.S., and Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), 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), and Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).

Key Market Players Featured in the Global Fiber Cement Rainscreen Panels Market

Some of the key players of the global fiber cement rainscreen panels market are 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, and others.

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