South America Fiber Cement Market - Forecast(2023 - 2028)

Report Code: CMR 1313 Report Format: PDF + Excel

South America Fiber Cement Market Overview

The South America Fiber Cement Market size is estimated to reach US$1.5 billion by 2027, after growing at a CAGR of 4.4% during the forecast period 2022-2027. Fiber cement is a composite material that is primarily used in roofing and facade products due to its strength and durability excellence properties over other construction materials. It includes thermal insulation and sepiolite. Due to their fire and impact resistance, fiber cement products such as boards, panels and siding are widely used in the construction of residential and commercial buildings, thereby driving the South America Fiber Cement Market. The growth of fiber cement in residential construction is driven by the rising demand for private dwellings as well as investments in housing projects. The COVID-19 pandemic majorly impacted the South America Fiber Cement Market due to restricted production, supply chain disruption, logistics restrictions and a fall in demand. However, with robust growth and flourishing applications across major industries, the South America Fiber Cement Market size is anticipated to grow rapidly during the forecast period.

South America Fiber Cement Report Coverage

The “South America Fiber Cement Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the South America Fiber Cement industry.

By Raw Material: Silica, Portland Cement, Limestone, Fibers and Others.
By Production Process: Hatsheck Process, Extrusion Process, Perlite Process and Others.
By Fiber Type: Polypropylene, Polyvinyl Alcohol, Steel, Glass, Cellulose, Specialty Fiber, Natural Fiber and Others.
By Application: Roofing, Floors, Ceilings, Siding, Cladding, Walls, Pre-fabricated Shelters, Roof Tile Underlay, Duct Covering and Others.
By End-use Industry: Residential (Private Dwellings, Row Houses and Apartments), Commercial (Hospital, Airports, Offices, Retail and Others), Industrial (Manufacturing Facilities, Warehouses and Others), Infrastructural (Roads, Bridges, Highways, Dams & Tunnel and Others).
By Country: Brazil, Argentina, Colombia, Chile and the Rest of South America.

Key Takeaways

  • Brazil dominates the South America Fiber Cement Market size. The increase in demand from end-user sectors, such as residential, commercial, industrial and others, is the main factor driving the region's growth.
  • The increase in the number of construction projects in South America is one of the primary reasons driving the growth of the South America Fiber Cement industry.
  • Housing innovation and demand for fireproof and soundproof walls in many industries are factors influencing the South America Fiber Cement Market growth.
  • However, the market's expansion is projected to be hampered by high labor costs.

Figure: South America Fiber Cement Market Revenue Share, by Country, 2021 (%)
South America Fiber Cement Market
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South America Fiber Cement Market Segment Analysis – by Fiber Type

The polypropylene segment held the largest share in the South America Fiber Cement Market share in 2021 and is forecasted to grow at a CAGR of 4.6% during the forecast period 2022-2027. Polypropylene fibers have a variety of properties that are beneficial for fiber cement, including compressive and tensile strength, workability, crack properties and others. These excellent properties are driving the fiber cement market in various industries. Thus, due to tremendous advantages and availability over material types, the demand for polypropylene is growing for application in major industries, thereby boosting the growth opportunities for the South America Fiber Cement industry in the projected years.

South America Fiber Cement Market Segment Analysis – by End-use Industry

The Residential segment held the largest share in the South America Fiber Cement Market share in 2021 and is forecasted to grow at a CAGR of 4.9% during the forecast period 2022-2027. this is due to the sepiolite quality and significant use of fiber cement in the residential sector. Fiber cement is a composite material and is preferred over other construction materials for the exteriors of residential buildings since it is more durable. Increased government support for residential construction in South American countries is increasing demand for the fiber cement industry in South America. According to the National Institute of Statistics and Censuses (INDEC), the value added by the residential industry increased by 37.1 percent in the first three quarters of 2021. With the rise in commercial projects across South America, the demand for fiber cement is anticipated to rise for various applications. This is projected to boost the market growth in the residential industry during the forecast period.

South America Fiber Cement Market Segment Analysis – by Country

The Brazil segment held the largest share in the South America Fiber Cement Market share in 2021 and is forecasted to grow at a CAGR of 4.7% during the forecast period 2022-2027. The fueling demand and growth of fiber cement in this region are influenced by flourishing demand from construction industries, along with rising construction activities across Brazil. For Instance, according to the International Trade Association (ITA), in 2021, Brazil planned to make concessions worth approximately $50 billion by upgrading airports, ports, highways and railways. The Brazilian government implemented the Casa Verde e Amarela housing program, under which the government would provide housing financial assistance to 1.6 million low-income families by 2024. With the rise in commercial projects across Brazil, the demand for fiber cement is anticipated to rise for various applications. This is projected to boost the market growth in the residential industry during the forecast period.

South America Fiber Cement Market Drivers

Bolstering Growth of the Commercial Industry:

Fiber Cement products such as boards, panels and siding are widely used in commercial building construction. The expansion of commercial construction in South America such as hotels, hospitals and healthcare, offices and others is driving up demand for fiber cement. Argentina has proposed a commercial building proposal of $428 million dollars. According to International Trade Administration, Chile's annual healthcare expenditure amounts to about 5% of GDP. Public healthcare spending was expected to reach $13.5 billion by the end of 2021, representing an 8.9 percent increase over 2020. With the rise in commercial projects across South America, the demand for fiber cement is anticipated to rise for various applications such as roofing, flooring and others. This is projected to boost the South America Fiber Cement Market growth in the commercial industry during the forecast period.

Rapid Development of the Infrastructure Construction:

The infrastructure development projects such as roads, highways, pavement, runways and parking lots are increasing demand for the Fiber Cement industry in South America. Fiber cement is a composite material and is widely used in infrastructure development projects in South America over other construction materials because it is a strong, long-lasting material and sepiolite quality. These factors are driving the growth of the South America Fiber Cement Market. According to International Trade Administration, for highway infrastructure, the Colombian government allocated COP 12 trillion (USD 3.1 billion) in 2021 for the construction of buildings. According to International Trade Administration, the Ministry of Public Works awarded contracts for $5 billion in projects in 2021, including paving 4,660 miles of highway, repairing and building 150 bridges, irrigation works covering 346,000 hectares and others. With the rise in infrastructure projects across South America, the demand for fiber cement is anticipated to rise for various applications such as roofing, flooring and others. This is projected to boost the South America Fiber Cement Market growth in the infrastructure industry during the forecast period.

South America Fiber Cement Market Challenges

High Labor Cost and Availability of Substitute Materials:

The labor cost for fiber cement installation is high because skilled labor is needed to handle Fiber Cement with care. Besides, the heavy weight of fiber cement increases labor costs. Fiber cement substitutes are less expensive than asbestos-based building materials. This has an impact on the expansion of the fiber cement market. Additionally, the fiber cement siding needs upkeep and regular painting, which drives up the cost of maintenance. This presents a challenge for the South America Fiber Cement Market due to the high cost of fiber cement and other available options.

South America Fiber Cement Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the South America Fiber Cement Market. The top 10 companies in the South America Fiber Cement Market are:

  1. Etex Group NV
  2. James Hardie Industries PLC
  3. Evonik Industries AG
  4. Compagnie de Saint Gobain SA
  5. Toray Industries Inc
  6. CSR Limited
  7. The Siam Cement Public Company Limited
  8. Nichiha Corporation
  9. Plycem Corporation
  10. Cembrit Holding A/S.

Recent Developments

  • In October 2021, Jogani Reinforcement introduced poly fiber 3S new generation concrete and construction fiber for long-lasting and crack-free infrastructure in India.
  • In September 2021, Ambuja Cements launched the Concrete Futures Laboratory (CFL), a one-stop solution for the community of architects, engineers and construction professionals (AEC).
  • In April 2019, Cembrit introduced new fiber cement cladding. Cembrit introduced a new cladding board to complement the original Patina, with its directional grain surface, to provide architects and specifiers with a desirable choice of premium cladding for a wide range of external applications.

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1. South America Fiber Cement Market - Market Overview
    1.1 Definitions and Scope
2. South America Fiber Cement Market - Executive Summary
    2.1 Key Trends by Raw Material
    2.2 Key Trends by Production Process
    2.3 Key Trends by Fiber Type
    2.4 Key Trends by Application
    2.5 Key Trends by End-use Industry
    2.6 Key Trends by Country
3. South America Fiber Cement Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. South America Fiber Cement Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. South America Fiber Cement Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. South America Fiber Cement Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. South America Fiber Cement Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. South America Fiber Cement Market - by Raw Material (Market Size - US$ Million/Billion)
    8.1 Silica
    8.2 Portland Cement
    8.3 Limestone
    8.4 Fibers
    8.5 Others
9. South America Fiber Cement Market - by Production Process (Market Size - US$ Million/Billion)
    9.1 Hatsheck Process
    9.2 Extrusion Process
    9.3 Perlite Process
    9.4 Others
10. South America Fiber Cement Market - by Fiber Type (Market Size - US$ Million/Billion)
    10.1 Polypropylene
    10.2 Polyvinyl Alcohol
    10.3 Steel
    10.4 Glass
    10.5 Cellulose
    10.6 Specialty Fiber
    10.7 Natural Fiber
    10.8 Others
11. South America Fiber Cement Market - by Application (Market Size - US$ Million/Billion)
    11.1 Roofing 
    11.2 Floors
    11.3 Ceilings
    11.4 Siding 
    11.5 Cladding 
    11.6 Walls 
    11.7 Pre-fabricated Shelters 
    11.8 Roof Tile Underlay 
    11.9 Duct Covering
    11.10 Others
12. South America Fiber Cement Market - By End-use Industry (Market Size - US$ Million/Billion)
        12.1.1 Residential
            12.1.1.1 Private Dwellings
            12.1.1.2 Row Houses
            12.1.1.3 Apartments
        12.1.2 Commercial
            12.1.2.1 Hospital
            12.1.2.2 Airports
            12.1.2.3 Offices
            12.1.2.4 Retail
            12.1.2.5 Others
        12.1.3 Industrial
            12.1.3.1 Manufacturing Facilities
            12.1.3.2 Warehouses
            12.1.3.3 Others
        12.1.4 Infrastructural
            12.1.4.1 Roads
            12.1.4.2 Bridges
            12.1.4.3 Highways
            12.1.4.4 Dams & Tunnels
            12.1.4.5 Others
13. South America Fiber Cement Market - by Country (Market Size - US$ Million/Billion)
    13.1 Brazil
    13.2 Argentina
    13.3 Colombia
    13.4 Chile
    13.5 The Rest of South America
14. South America Fiber Cement Market – Entropy
    14.1 New Product Launches
    14.2 M&As, Collaborations, JVs and Partnerships
15. South America Fiber Cement Market – Industry/Segment Competition Landscape Premium
    15.1 Company Benchmarking Matrix – Major Companies
    15.2 Market Share by Key Country - Major companies
    15.3 Market Share by Key Application - Major companies
    15.4 Market Share by Key Product Type/Product category - Major companies
16. South America Fiber Cement Market – Key Company List by Country Premium Premium
17. South America Fiber Cement Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10 and more
* "Financials would be provided to private companies on a best-efforts basis."
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