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European Urbanization Has Accelerated, the Fiber Cement Panel Market Is Rapidly Expanding

Fiber cement panels, which use cement as its basic material and glue stick agent, together with strengthen material like mineral fiber and other fiber, are made through pulping, forming, curing and other processes. Because of their good physical properties, such as corrosion resistance and fire resistance, as well as dimensional stability, they are widely used in family housing needs and commercial and public building construction, such as the application of domestic power plants, chemical enterprises and other electricity intensive places of cable engineering fire retardant. It is also the best fire retardant material for fire retardant engineering of interior decoration in public places such as large shopping malls, hotels, guesthouses, document hall, closed garment market, light industry market, theaters and so on. In addition, this environmentally-friendly product is made from a unique blend of mineral ingredients and does not contain any toxic ingredients, asbestos, formaldehyde or ammonia.

Fiber cement panels can be divided into low density (0.9-1.2g/cm³), medium density (1.2-1.5g/cm³) and high density (1.5-2.0g/cm³⁾ according to the differences of density. Low-density products are generally used for low-grade building ceiling, partition wall and other parts, medium-density  products are used for middle-grade building partition ceiling, high-density products are generally used for middle-grade building steel structure exterior wall, steel structure floor, etc.. After being cut, the edge of low-density fiber cement panels is rough, and the edge of high-density products is neat. Among the three types, medium-density fiber cement panels are the most widely used, occupying 42.84% market share in 2020, while the market shares of low-density and high-density products are 20.99% and 36.17% respectively. 

Fiber Cement Panel Industry Market Development Status and Prospect Forecast in Europe

After a period of development, the industry comes into a mature period. According to our research, the total market value of European fiber cement panel industry in 2015 was $2387.27 million dollars, with the continuous upgrading of products and economic and technological development, the market is expanding, the total market value of the industry increased to $3021.66 million in 2019. However, in 2020, the industry was hit by the epidemic, with the total market value of $2915.09 million, showing a decrease of 4.23% compared to 2019. Based on this data, we run a series of functions and use scientific models to derive the data for the next seven years. Finally, it is predicted that by 2027, the market value of the European fiber cement panel industry will reach $3826.40 million. 

Germany is the largest revenue market of fiber cement panel industry in Europe. In 2015, its market value was $577.58 million, accounting for 24.19% of the market share, and from 2015 to 2020, the market share increased year by year. In 2020, the market share was 24.68% and the market value reached $719.59 million. Germany is a highly-developed country, one of the eight industrial countries in the world and it is the largest economy in Europe. It has the largest production market, technological and talent advantages and a mature industrial chain.  Manufacturing industry is the bellwether of German economy and has strong competitiveness in the world because of its advanced technology and exquisite technology. Therefore, Germany is not only the biggest revenue market of European fiber cement panel industry at present, but also a very promising market.

In 2020, the UK and France ranked second and third with a market share of 19.66% and 17.02% respectively. The rest of Europe has a low market share in the industry, mostly below 5% for each country. However, due to the growth of population and strong economic and industrial development, increased construction spending in emerging economies such as Spain and Russia is expected to have a positive impact on product demand during the forecast period. Spain\'s economy grew 2.6% in 2019, faster than any other major European economy. In the same year, Russia\'s GDP rose to 109.36 trillion rubles, ranking 11th in the world. Higher disposable incomes in Spain and Russia will boost consumption levels and consumer confidence. At the same time, the region is expected to remain highly profitable during the forecast period due to its rapid industrialization and rising demand for fiber cement panels in the construction industry. In addition, Russia is the ninth most populous country in the world with 144 million people, which brings significant downstream demand to the industry, which is also expected to drive the development of the Russian fiber cement panel market during the forecast period.

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The concentration of fiber cement panel industry market in Europe  is not high, the market competition is fierce, the total market share of the top 3 companies is less than 30%. In 2020, the top three companies are Etex Group NV, Swiss Pearl Group and Cembrit, with market shares of 14.91%, 6.77% and 6.44% respectively. Etex Group NV is a building materials company providing cladding and building panels, roofing, fire and insulation, tiles and other building materials to customers worldwide.  Swiss Pearl Group designs, develops and markets innovative and sustainable products for facades, roofs, interiors and gardens by providing beautiful and sustainable building enclosures and living Spaces. Cembrit is a holding company which, through its subsidiaries, provides fiber cement products for facades, roofs, interiors and buildings, mainly in Europe. 

European Urbanization Has Accelerated, the Fiber Cement panel market Is Rapidly Expanding 

With the development of modern economy, science and technology, urbanization has accelerated, and commercial, residential and public buildings have continued to increase. Increased construction spending, particularly on new housing, is expected to boost demand for fiber cement panels in the near future, thus，fiber cement panel market is expanding rapidly . In addition, the rapid growth of the real estate sector is an important factor to boost the market during the forecast period. 

As a building material, however, fiber cement boards have many alternatives, such as lantern boards, vinyl and wood siding, stucco, stone, and brick. These alternative products have their own advantages, their continuous development seized the market share of fiber cement board, which has brought challenges to the development of fiber cement psnel industry. On the other hand, as the main manufacturers and suppliers of fiber cement panel industry are competing in Europe, the competition within fiber cement panel industry is becoming increasingly fierce.  Suppliers may adopt corresponding strategies such as premium to stay competitive in the market. At the same time, local suppliers in developing countries pose a considerable threat to European manufacturers in terms of product pricing, which is a disadvantage to the sustainable development of the industry.

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