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fiber Cement Market - Growth Drivers and Disruptive Trends
An innate problem that the world consistently encounters is a need for a sustainable and secure shelter. Population growing at a colossal pace does not help this cause, instead of elevating it in return. The construction industry has experienced an unprecedented upsurge in the last decade which has incited innovation in return. One such innovation is fiber reinforcement of cement in order to increase the tenacity. An increase in natural and man-made disasters is an esteemed growth driver of the market and will provide it with the necessary impetus to grow.
fiber cement boards are now being extensively used in harsh environmental conditions, especially as a replacement for aluminum and wood installations. This helps in fields such as marine exploration where the saltiness of the water leads to the eventual degradation of wood installations. fiber cement can also be altered visually and can be made to look like natural planks. This has appealed to the customers perpetually and acted as a growth driver for the market.
Global fiber Cement Market: Competitive Landscape
Key market players operating in the fiber cement market and holding majority shares are James Hardie Building Products Inc., Visaka Industries, Cembrit Holding A/S, Mahaphant fiber Cement Public Company Limited, Elementia, S.A.B. DE C.V., Everest Industries Limited, Saint Gobain SA, HIL, and Hekim Construction Inc.
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