MARKET OVERVIEW:
Non-asbestos fiber-reinforced calcium silicate boards are innovative lightweight construction materials composed of calcareous materials, siliceous materials, cementitious binders, and reinforcing fibers. These eco-friendly alternatives to traditional asbestos-based products offer superior durability, fire resistance, and dimensional stability while meeting stringent environmental regulations.
844.8
MARKET INSIGHT & GROWTH DRIVERS:
The market growth is driven by increasing gold mining activities, particularly in Asia-Pacific and Africa, where cyanide leaching remains the dominant extraction method. However, environmental concerns and stringent regulations pose challenges to market expansion.
MARKET SEGMENTATION:
MARKET DYNAMICS
Rapid Urbanization and Infrastructure
Development Boosting Demand for Nonasbestos Fiber Cement Boards
Global construction sector is experiencing unprecedented growth, with urban population expected to reach 68% by 2050, creating immense demand for durable and sustainable building materials. Non-asbestos fiber cement boards have emerged as a preferred choice in both residential and commercial construction due to their superior fire resistance, durability, and moistureproof properties. These boards demonstrate exceptional performance in extreme weather conditions, making them ideal for roofing, siding, and facade applications. The boards typically offer service life exceeding 50 years, significantly reducing maintenance costs compared to traditional materials.
MARKET OPPORTUNITIES
Increasing incidence of wildfires and stricter fire safety regulations present significant growth opportunities for non-asbestos fiber cement boards. These materials achieve Class A fire ratings (the highest classification) with negligible smoke development, making them ideal for use in wildfire-prone regions and high-density urban developments. The global fire-resistant construction materials market is projected to grow substantially, driven by insurance requirements and building code updates following catastrophic fire events.
COMPANY MISSION
Innovations in production techniques have enhanced the quality and versatility of nonasbestos fiber cement boards. Automated manufacturing processes have improved product consistency while reducing waste by 15-20% compared to traditional methods. Recent developments include water-repellent coatings and improved fiber formulations that increase weather resistance—a critical factor for exterior applications. High-density fiber cement boards now achieve compressive strengths exceeding 20 MPa, making them suitable for structural applications in commercial buildings.
REGIONAL MARKET OUTLOOK
North America
North America holds a significant share in the global non-asbestos fiber cement boards market, driven by stringent safety regulations and increasing demand for sustainable construction materials. The U.S. dominates the region due to robust residential and commercial construction activities, supported by regulatory frameworks like the EPA’s National Emission Standards for Hazardous Air Pollutants (NESHAP), which discourage asbestos-containing products
Europe
Europe is a mature market for non-asbestos fiber cement boards, with sustainability and regulatory compliance driving demand. The EU’s REACH regulations and the Circular Economy Action Plan promote ecofriendly construction materials, accelerating the shift from traditional asbestos-based products.
• James Hardie (Ireland)
• Etex Group (Belgium)
• Cembrit (Denmark)
• Shera (Thailand) Download Free Sample Report
These companies represent some of the major key players driving innovation and growth in the market, contributing significantly to global supply and competitive dynamics.
About Us
Founded in 2015, 24chemicalresearch is a trusted name in global chemical industry intelligence. We specialize in delivering high-quality market research reports, empowering over 30+ Fortune 500 clients with data-driven insights for strategic growth. Our team of experienced analysts delivers customized, reliable, and timely research backed by a rigorous methodology. From mining regulatory trends to forecasting market opportunities, our reports help companies navigate industry challenges, stay competitive, and grow confidently.
As a one-stop platform for the chemical sector, we offer:
• Deep specialization in chemical market analysis
• Customized reports tailored to your needs
• A robust portal with free samples, consulting, and competitive insights
