Fiber Cement Market Fiber Cement Market

Leeb5755514 Mar, 2023Business

The total size of the fiber cement market was USD 17,500.0 million in 2021, and it will grow at a CAGR of 5.3% in the years to come, to reach USD 27,743.8 million by 2030, as stated by P&S Intelligence. Fiber cement is mainly put to use in a siding application, which produced the largest revenue share in the past, in excess of 40%. People are preferring fiber cement siding over other materials, as a result of its advantages, for example it endures high winds associated to vinyl siding and is lighter and cost-effective compared to stone siding. At present, brick veneer siding characteristically ranges between USD7 and USD 12 per square foot whereas fiber cement siding cost ranges from USD 5 to USD 7 per square foot.