Thailand Fiber Cement Market Research Report: Forecast (2023-2028)

By Material (Cellulosic Material, Portland Cement, Sand), By Application (Cladding, Roofing, Siding, Molding & Trimming, Backer Boards, Wall Partition, Others (Counter Tops, Ceiling, etc.)) By End-Use... ... g, etc.)) By End-User (Residential, Non-Residential), By Fiber Type (Polypropylene, PVA, Lignocellulose, Carbon, Others), By Production Process (Hatschek Process, Extrusion Process, Perlite Process), By Region (Central, Northeast, North, South), By Company (SHERA, Toray Industries Inc., Siam Cement Group, TPI Polene Plc., Mahaphant Fibre-Cement (South Asia) Private Limited, Sahyadri Industries Limited, etc., Saint Gobain, Others) Read more

  • Buildings, Construction, Metals & Mining
  • Jun 2023
  • 106
  • PDF, Excel, PPT

Market Definition

Fiber cement is a composite building & construction material used mainly in roofing & facade products &is made up of Portland cement, sand, water, and cellulose fibers. The high level of strength, durability, low maintenance, and environmental friendliness associated with it due to the use of recycled & sustainable products.

Market Insights & Analysis: Thailand Fiber Cement Market (2023-28)

The Thailand Fiber Cement market is projected to grow at a CAGR of around 4.34% during the forecast period, i.e., 2023-28. This is owing to the increasing number of green & sustainable buildings in the country, combined with the rising awareness about this cement as a comparatively cleaner alternative to traditional construction raw material, etc. The growing inclination of the population & government toward clean & green solutions is thus accelerating the adoption of this cement among construction companies and residential & non-residential real-estate developers.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR(2023-28) 4.34%
Region Covered Central, Northeast, North, South
Key Companies Profiled SHERA, Toray Industries Inc., Siam Cement Group, TPI Polene Plc., Mahaphant Fibre-Cement (South Asia) Private Limited, Sika Group, Others
Unit Denominations USD Million/Billion

 

The construction sector of the country is witnessing major developments, such as the spike in the number of residential units. This is the result of the rising per capita income of the country. In addition, the increasing population in urban areas is raising the need for residential & commercial buildings, which is further supporting the demand for this cement products & would continue to do the same in the forthcoming period. Moreover, the growth of the industrial & commercial infrastructure in the country, including new construction & refurbishment is supported by government initiatives. This is done to level up the economic conditions of the nation, which further is expected to create market opportunities for fiber cement in the upcoming period. For instance,

  • In 2022, the Transport Ministry of the country announced an investment of around USD42.61 billion in 37 infrastructure projects. This includes the construction of the Nakhon Phanom Cross-Border Logistics Centre & the refurbishment of Don Mueang, Chiang Mai, Chumphon, and Ranong airports for approximately USD1.73 billion.

Thus, the high growth rate of the construction sector of the country primarily focused on the development of sustainable infrastructure combined with the eco-friendliness associated with fiber cement, would positively impact the market in the following years.

Thailand Fiber Cement Market Research Report (2023-2028) - Table of Contents

 

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Thailand Fiber Cement Market Trends & Insights
  5. Thailand Fiber Cement Market Dynamics
    1. Growth Drivers
    2. Challenges
  6. Thailand Fiber Cement Market Hotspot & Opportunities
  7. Thailand Fiber Cement Market Policies & Regulations
  8. Thailand Fiber Cement Market Supply Chain Analysis
  9. Thailand Fiber Cement Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenue (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Material
        1. Cellulosic Material
        2. Portland Cement
        3. Sand
      2. By Application
        1. Cladding
        2. Roofing
        3. Siding
        4. Molding & Trimming
        5. Backer Boards
        6. Wall Partition
        7. Others (Counter Tops, Ceiling, etc.)
      3. By End-User
        1. Residential
        2. Non-Residential
      4. By Fiber Type
        1. Polypropylene
        2. PVA
        3. Lignocellulose
        4. Carbon
        5. Others
      5. By Production Process
        1. Hatschek Process
        2. Extrusion Process
        3. Perlite Process
      6. By Region
        1. Central
        2. Northeast
        3. North
        4. South
      7. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
  10. Thailand Residential Fiber Cement Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Material
      2. By Application
      3. By Fiber Type
      4. By Production Process
  11. Thailand Non-Residential Fiber Cement Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Material
      2. By Application
      3. By Fiber Type
      4. By Production Process
  12. ThailandFiber Cement Market Key Strategic Imperatives for Success & Growth
  13. Competition Outlook
    1. Competition Matrix
      1. Target Markets
      2. Research & Development
      3. Collaborations & Strategic Alliances
      4. Key Business Expansion Initiatives
      5. Business Restructuring- Mergers, Acquisitions, JVs
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. SHERA
      2. Toray Industries Inc.
      3. Siam Cement Group
      4. TPI Polene Plc.
      5. Mahaphant Fibre-Cement (South Asia) Private Limited
      6. Sika Group
      7. Others
  14. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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