Dublin, July 18, 2024 (GLOBE NEWSWIRE) -- The "India Fiber Cement Boards and Sheets Market, By Region, Competition, Forecast & Opportunities, 2020-2030F" report has been added to ResearchAndMarkets.com's offering.
India's Fiber Cement Boards and Sheets Market has garnered significant attention in light of its projected robust growth over the coming decade. Valued at USD 4.8 Billion in 2024, the market is expected to maintain a strong Compound Annual Growth Rate (CAGR) of 8.2% through 2030.
This expansion is anchored firmly in the advantages that fiber cement boards and sheets provide over traditional building materials, including enhanced durability, fire and moisture resistance, and superior performance in the face of termites and weathering.
Several driving forces are behind this positive growth trajectory. The extensive urbanization and industrialization across India have led to increased construction activities, not only in residential and commercial developments but in infrastructural projects as well. Additionally, the nation's rising environmental consciousness and green building initiatives are stoking demand for the eco-friendly and sustainable properties of fiber cement products. Technological advancements in product quality, along with government-led housing and smart city developments, are set to further amplify the demand for fiber cement boards and sheets.
Challenges and Opportunities in the Market
While the outlook for the market remains positive, certain challenges such as regulatory compliance, standards adherence, and the continuous need for technical innovation represent critical hurdles for industry players. To maintain their market share and stay competitive, manufacturers of fiber cement boards and sheets are expected to navigate through these challenges while capitalizing on burgeoning trends, including the adoption of these materials in renovation projects and the surge in rural housing developments.
Regional Market Dynamics
The North region of India is leading in market share, benefiting from substantial construction activity and urban development. With a favorable geographic position and a booming real estate industry, the Northern states are set to continue their dominance in the fiber cement boards and sheets market throughout the forecast period.
Key Players
The market landscape showcases a roster of significant players, with key companies anchoring the industry's robust growth. These enterprises are noted for their contribution to developing innovative, sustainable, and high-quality fiber cement boards and sheets that meet the requirements of the dynamic Indian construction industry.
This anticipated market growth of fiber cement boards and sheets in India highlights the country's evolving construction sector that is increasingly leaning towards sustainability and efficiency. With government initiatives and industry-wide adoption of green practices, India’s construction materials landscape is expected to witness remarkable transformation in the next decade.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 85 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $4.8 Billion |
| Forecasted Market Value (USD) by 2030 | $7.77 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | India |
A selection of companies mentioned in this report includes, but is not limited to:
- Ultratech Cement Ltd
- Ambuja Cement Ltd.
- ACC Limited
- Shree Cement Limited
- Dalmia Bharat Limited
- Birla Corporation Limited
- India Cement Limited
- Everest Industries Ltd
For more information about this report visit https://www.researchandmarkets.com/r/nuj44g
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