Fiber cement growth slows

World demand for fiber cement is expected to climb nearly 5% annually over the next five years, a tick slower than the pace of the last five years, according to a new Freedonia study.
Growth will be tempered by a slowing in building construction, particularly non-residential, from 2014 to 2019. However, demand for fiber cement will benefit from rising market penetration in its many applications.  
The material’s fastest growth is projected in moulding and trim, followed by siding. Roofing-the largest market for fiber cement products-will exhibit below-average growth, as countries such as Brazil and India move to concrete and clay products.
The fastest growing region for fiber cement demand is North America, led by the U.S. and Mexico. Both Western and Eastern Europe are forecast to post the slowest growth.


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