The global fiber cement market is estimated to reach value of USD 21.40 Billion by 2027, according to a current analysis by Emergen Research. The key factors driving the market include durable nature of fiber cement, prohibition on the usage of asbestos, and increase in the demand for fiber cement in construction activities.
Fiber cement siding is considered to have a longer lifespan compared to other materials used in construction. Fiber cement siding is used extensively not only by home-owners but also by builders and contractors.
Source: https://www.emergenresearch.com/industry-report/fiber-cement-market
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