Source: The Freedonia Group, Cleveland’; CP staff
Global fiber cement product shipments are projected to expand 4.4 percent per year through 2019, to 32.6 million metric tons, driven especially by growing demand in North America and deeper penetration in building applications, according to a new Freedonia study, World Fiber Cement.
Demand in the U.S. for fiber cement products is forecast to rise 8.5 percent annually through 2017 to 2.9 billion square feet—valued at $2.2 billion—according to a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm. “Advances will be driven by a rebound in residential building construction spending, particularly in the new housing segment,” states Matt Zielenski, an analyst with The Freedonia Group. Growth will be further spurred by increasing use of fiber cement products because of their favorable aesthetic and performance properties. These and other trends are presented in Fiber Cement.