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India Fibre Cement Boards and Sheets Market Forecast 2027

India Fibre Cement Boards and Sheets Market is projected to reach USD963.86 million by FY2027F, growing at a CAGR of more than 5% in the forecast period. https://bit.ly/3rvBskT

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India Fibre Cement Boards and Sheets Market Forecast 2027

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  1. Published: December 2020 Published: March 2021 Published: April 2021 Published: May 2021 Published: June 2021 2015 – 2025 FY2017 – FY2027 FY2017 – FY2027F INDIA ELEVATORS MARKET- FORECAST INDIA FIBRE CEMENT BOARDS AND & OPPORTUNITIES SHEETS MARKET- FORECAST & OPPORTUNITIES www.techsciresearch.com www.techsciresearch.com www.techsciresearch.com www.techsciresearch.com www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING 1

  2. Ta b l e o f C o n t e n t s S. No. Contents 1. 2. 3. 4. 5. Product Overview Research Methodology Executive Summary Impact of COVID-19 on India Fibre Cement Boards and Sheets Market Voice of Customer 5.1. Brand Awareness 5.2. Factors Influencing Purchase Decision 5.3. Customer Satisfaction 5.4. Challenges Faced Post Purchase of Fibre Cement Boards and Sheets India Fibre Cement Boards and Sheets Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Raw Material (Asbestos and Non-Asbestos) 6.2.2. By Application (Roofing, Siding, Cladding, Moulding & Trimming & Others) 6.2.3. By End Use (Residential and Non-residential) 6.2.4. By Region (East, North, South, West) 6.2.5. By Company (2021) 6.3. Product Market Map East India Fibre Cement Boards and Sheets Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Raw Material 7.2.2. By Application 7.2.3. By End Use North India Fibre Cement Boards and Sheets Market Outlook 6. 7. 8. 2 2 © TechSci Research

  3. Ta b l e o f C o n t e n t s S. No. Contents 8.1. Market Size & Forecast 8.1.1. By Value Market Share & Forecast 8.2.1. By Raw Material 8.2.2. By Application 8.2.3. By End Use South India Fibre Cement Boards and Sheets Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value 9.2. Market Share & Forecast 9.2.1. By Raw Material 9.2.2. By Application 9.2.3. By End Use West India Fibre Cement Boards and Sheets Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value 10.2. Market Share & Forecast 10.2.1. By Raw Material 10.2.2. By Application 10.2.3. By End Use Pricing Analysis Value Chain Analysis Market Dynamics 13.1. Drivers 13.2. Challenges Market Trends and Developments Policy & Regulatory Landscape 8.2. 9. 10. 11. 12. 13. 14. 15. 3 3 © TechSci Research

  4. Ta b l e o f C o n t e n t s S. No. Contents 16. India Economic Profile 17. Competitive Landscape 17.1. Company Profiles 17.1.1. HIL Limited 17.1.2. Visaka Industries Ltd. (VIL) 17.1.3. Everest Industries Ltd. 17.1.4. Ramco Industries Ltd. 17.1.5. Sahyadri Industries Ltd. 17.1.6. Utkal Asbestos Ltd 17.1.7. UP Asbestos Ltd. (UPAL). 17.1.8. NCL Industries Limited 17.1.9. Mahaphant Fibre Cement Pvt. Ltd. 17.1.10. A Infrastructure Ltd. 18. Strategic Recommendations 19. Additional Customization 20. About Us & Disclaimer 4 4 © TechSci Research

  5. List of Figures S. No. Contents Figure 1: India Fibre Cement Boards & Sheets Market Size, By Value (USD Million), 2017-2027F Figure 2: India Fibre Cement Boards & Sheets Market Share, By Raw Material, By Value, 2017-2027F Figure 3: India Fibre Cement Boards & Sheets Market Share, By Application, By Value, 2017-2027F Figure 4: India Fibre Cement Boards & Sheets Market Share, By End Use, By Value, 2017-2027F Figure 5: India Fibre Cement Boards & Sheets Market Share, By Region, By Value, 2017-2027F Figure 6: India Fibre Cement Boards & Sheets Market Share, By Company, By Value, 2021 India Fibre Cement Boards & Sheets Market Map, By Raw Material, Market Size (USD Million) & Growth Rate (%) India Fibre Cement Boards & Sheets Market Map, By Application, Market Size (USD Million) & Growth Rate (%) Figure 7: Figure 8: Figure 9: India Fibre Cement Boards & Sheets Market Map, By End Use, Market Size (USD Million) & Growth Rate (%) Figure 10: India Fibre Cement Boards & Sheets Market Map, By Region, Market Size (USD Million) & Growth Rate (%) Figure 11: East India Fibre Cement Boards & Sheets Market Size, By Value (USD Million), 2017-2027F Figure 12: East India Fibre Cement Boards & Sheets Market Share, By Raw Material, By Value, 2017-2027F Figure 13: East India Fibre Cement Boards & Sheets Market Share, By Application, By Value, 2017-2027F Figure 14: East India Fibre Cement Boards & Sheets Market Share, By End Use, By Value, 2017-2027F Figure 15: North India Fibre Cement Boards & Sheets Market Size, By Value (USD Million), 2017-2027F Figure 16: North India Fibre Cement Boards & Sheets Market Share, By Raw Material, By Value, 2017-2027F Figure 17: North India Fibre Cement Boards & Sheets Market Share, By Application, By Value, 2017-2027F Figure 18: North India Fibre Cement Boards & Sheets Market Share, By End Use, By Value, 2017-2027F 5 5 © TechSci Research

  6. List of Figures S. No. Contents Figure 19: South India Fibre Cement Boards & Sheets Market Size, By Value (USD Million), 2017-2027F Figure 20: South India Fibre Cement Boards & Sheets Market Share, By Raw Material, By Value, 2017-2027F Figure 21: South India Fibre Cement Boards & Sheets Market Share, By Application, By Value, 2017-2027F Figure 22: South India Fibre Cement Boards & Sheets Market Share, By End Use, By Value, 2017-2027F Figure 23: West India Fibre Cement Boards & Sheets Market Size, By Value (USD Million), 2017-2027F Figure 24: West India Fibre Cement Boards & Sheets Market Share, By Raw Material, By Value, 2017-2027F Figure 25: West India Fibre Cement Boards & Sheets Market Share, By Application, By Value, 2017-2027F Figure 26: West India Fibre Cement Boards & Sheets Market Share, By End Use, By Value, 2017-2027F 6 6 © TechSci Research

  7. List of Tables S. No. Contents Table 1: Number of Proposed Smart Cities in East India, By State (As of 2020) Table 2: Number of Proposed Smart Cities in North India, By State (As of 2020) Table 3: Number of Proposed Smart Cities in South India, By State (As of 2020) Table 4: Number of Proposed Smart Cities in West India, By State (As of 2020) 7 7 © TechSci Research

  8. Product Overview

  9. Product Overview Scope of Report: Fibre Cement Boards and Sheets Fibre cement is a durable and low-maintenance material that is commonly used to cover the exterior of houses and, in some cases, commercial buildings. It is manufactured with cellulose fibres, along with cement and sand, making it long-lasting and durable. Fibre cement boards and sheets are popular modification to the regular cement boards and sheets and are more versatile and stronger than the base version. It is a highly durable material manufactured from a homogeneous mixture of cement, pozzolana, a superior grade of cellulose fibre and binders of a siliceous base. Fibre cement boards and sheets are increasingly being preferred for providing roofing, cladding and siding solutions. Market Segmentation BY RAW MATERIAL BY APPLICATION Asbestos • INDIA INDIA FIBRE CEMENT BOARDS AND SHEETS FIBRE CEMENT BOARDS AND SHEETS MARKET Roofing • Year Range Non-Asbestos • MARKET Siding • Cladding • Review Period Moulding & Trimming • Others • FY2017 – FY2020 BY END-USE Base Year Residential FY2021 • Non-Residential • Estimated Year BY REGION FY2022 East • North • Forecast Period South • FY2023 – FY2027 West • 9 9 © TechSci Research

  10. Research Methodology

  11. Research Methodology Data Data Analysis Market Profiling Data Collection Formulating Questionnaire Developing List of Respondents Validation In-depth secondary research was conducted to determine top players, overall market size and segmental market size in India fibre cement boards and sheets market. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about India fibre cement boards and sheets market. TechSci conducted interviews with industry experts and industry players for data collection and verification. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. List of industry players and industry specialists was developed. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Conclusion ✓ ✓ Market Participants Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews Data Filter & Analysis Data Collection Research & Intelligence Actionable Insights Business Solution ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources ✓ ✓ ✓ ✓ ✓ ✓ LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Factiva Hoovers ✓ ✓ ✓ ✓ 11 11 © TechSci Research

  12. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the India fibre cement boards and sheets market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors and speculated a robust growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the India fibre cement boards and sheets market. Methodology Followed for Calculation of Market Size: Market Size by Value: Market size, in terms of value, for the year FY2021 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders and industry experts. The team interviewed more than 20 companies, 50 industry experts and other value chain stakeholders in the India fibre cement boards and sheets market to obtain the overall market size during FY2017-FY2021, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for FY2017-FY2021. 12 12 © TechSci Research

  13. Research Methodology Respondents were asked about the current and future market growth rates, as well as market shares by raw material, by end- use, by application, by region, and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the component. Methodology Followed for Calculation of Market Shares: Market shares by raw material, by end-use, by application, by region, and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading players in the India fibre cement boards and sheets market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies operating in the India fibre cement boards and sheets market. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey results in SPSS/Tableau Software. 13 13 © TechSci Research

  14. Research Methodology Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast the India fibre cement boards and sheets market, TechSci Research used various forecast techniques such as: Moving Average o Time Series Analysis o Regression Analysis o Econometric and Judgmental Analysis o TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate and analyze market demand scenario. HIL Limited, Visaka Industries Ltd. (VIL), Everest Industries Ltd., Ramco industries Ltd, Partial List of Companies Interviewed Sahyadri Industries Ltd., Utkal Asbestos Ltd., UP Asbestos Ltd. (UPAL)., NCL Industries Ltd., Mahaphant Fibre Cement Pvt. Ltd., A Infrastructure Ltd. among others Company Annual Reports, Press Releases, Industry Magazines, Industry Reports, Company Partial List of Secondary Sources Websites, TechSci Research Proprietary Database & Knowledge Repository, etc. *Note: (a) The data given for any year represents the market during the period i.e. 1stApril of the previous year to 31st March of that year. eg: For 2022E, the data represents the period, 1stApril 2021 to 31stMarch 2022. (b) Sum of some shares may not be 100% due to round off till two decimal places. 14 14 © TechSci Research

  15. Industry Brief According to TechSci Research report, “India Fibre Cement Boards and Sheets Market By Raw Material (Asbestos and Non-Asbestos), By Application (Roofing, Siding, Cladding, Moulding & Trimming & Others), By End Use (Residential and Non-residential), By Region, By Competition, Forecast & Opportunities, FY2017-FY2027F”, India Fibre Cement Boards and Sheets Market was valued at USD660.91 million in FY2020 and is projected to grow at CAGR of over 5% during the forecast period, predominantly due to increasing construction activities and growing urbanization. India Fibre Cement Boards and Sheets Market segmented is based on raw material, application, end use and region. Based on application, the market can be categorized into Siding, Roofing, Cladding, Moulding & Trimming & Others. Among them, the roofing segment dominated the market with share of 52.01% in FY2020 and is expected to continue to do so during the forecast period as well. This growth can be attributed to increased demand of the product and favorable government policies. The conventional development rehearses in India are moving to 'dry construction' techniques. Such strategies guarantee that the development is lighter, quicker, and far more superior, especially as far as warmth and sound insulation are considered. This strategy is utilized for constructing walls, flooring, ceiling, and panelling using fibre boards and sheets. Fibre cement boards and sheets have some inherent advantages over other dry construction products, for example they are water safe, termite safe and have acoustic protection properties and can likewise be utilized both inside and outside. This is driving its rising infiltration into the private portion (especially wet regions) lodgings and clinics. Based on raw material, Asbestos Cement Sheets (ACS) segment dominated the market with share of 75.93% in 2020. Asbestos Cement Sheets have been in use for more than 80 years and are used in both rural and semi-urban areas. Almost half of the country's population lives in kutcha or semi-pucca homes wherein Asbestos Cement Sheets are majorly used. Among the pucca houses, less than half uses RCC slabs and the rest utilize ready-to-use house fibre cement roofing products. Fibre cement roof costs one-fifth of a RCC ceiling slab. Asbestos concrete sheets are chiefly utilized as roofing materials in rural/semi urban housing by industries. The growing concern regarding the use of eco-friendly products in construction activities is expected to drive the demand for fibre cement boards and sheets across the country. Companies are launching an exhaustive range of innovative and eco-friendly roofing solutions, ranging from fibre cement sheets to color coated sheets and NextGen eco- friendly sheets to expand their market. Fibre cement sheets are comparatively cheaper than other roofing solutions, and are easy to install, strong and durable and have weather-proof and corrosion-resistant characteristics, which are ideal for warehouses, factories, low-cost housing and any roofing application. Moreover, as asbestos is banned in India, the companies have introduced non-asbestos fibre cement sheets to mitigate the risks associated with asbestos. These non-asbestos fibre cement sheets and boards have major ingredients such as cellulose fibres, modified mineral fibres, synthetic fibres as reinforcement, cement, and fly ash as binders to lessen the harm to the environment. And growth in the real-estate sector is also providing growth opportunities to the India Fibre Cement Boards and Sheets Market. The growth and increased investment in this sector are well complemented by the increasing corporate environment and the demand for office space as well as urban and semi-urban accommodations. Sectors such as IT, retail, consulting, and e-commerce have registered high demand for office spaces in recent times. In addition to this, the rise in electronic retailing and industrial growth are driving the growth of India’s warehousing sector and are anticipated to strengthen the demand for fibre cement boards and sheets across the country. HIL Limited, Visaka Industries Ltd. (VIL), Everest Industries Ltd., Ramco Industries Ltd., Sahyadri Industries Ltd., Utkal Asbestos, UP Asbestos Ltd. (UPAL), NCL Industries Limited, Mahaphant Fibre Cement Pvt. Ltd., A Infrastructure Ltd. and others operating in India Fibre Cement Boards and Sheets Market. These market players are focusing more on strategic partnerships to expand their reach and maintain their competitive position in the market. “The method of housing construction, its affordability and durability, inherent advantages over other dry construction for constructing walls, flooring, ceiling and paneling, etc. in urban as well as rural areas are driving the demand for fibre boards and sheets in the country. The growing disposable income in the rural areas driven by factors like minimum Support Price (MSP), fair wage rate payment and good monsoon and the Government’s ‘Housing for All’ initiative aims to provide affordable houses in rural and urban areas by 2022. Above mentioned factors are positively influencing the India construction market and driving the India fibre cement boards & sheets market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 15 15 © TechSci Research

  16. Sample Data - Snapshot India Fibre Cement Boards & Sheets Market Size, By Value (USD Million), 2017-2027F CAGR 2017-2021 By Value: xx% CAGR 2022E-2027F By Value: xx% 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Value (USD Million) India Fibre Cement Boards & Sheets Market Share, By Raw Material, By Value, 2017-2027F 2017 60.00% 40.00% 2018 60.00% 40.00% 2019 60.00% 40.00% 2020 60.00% 40.00% 2021 60.00% 40.00% 2022E 60.00% 40.00% 2023F 60.00% 40.00% 2024F 60.00% 40.00% 2025F 60.00% 40.00% 2026F 60.00% 40.00% 2027F 60.00% 40.00% Asbestos Non-Asbestos North India Fibre Cement Boards & Sheets Market Share, By Application, By Value, 2017-2027F 2017 50.00% 20.00% 15.00% 2018 50.00% 20.00% 15.00% 10.00% 5.00% 2019 50.00% 20.00% 15.00% 10.00% 5.00% 2020 50.00% 20.00% 15.00% 10.00% 5.00% 2021 50.00% 20.00% 15.00% 10.00% 5.00% 2022E 50.00% 20.00% 15.00% 10.00% 5.00% 2023F 50.00% 20.00% 15.00% 10.00% 5.00% 2024F 50.00% 20.00% 15.00% 10.00% 5.00% 2025F 50.00% 20.00% 15.00% 10.00% 5.00% 2026F 50.00% 20.00% 15.00% 10.00% 5.00% 2027F 50.00% 20.00% 15.00% 10.00% 5.00% Roofing Siding Cladding Moulding & Trimming 10.00% Others 5.00% 16 16 © TechSci Research

  17. Report Ordering Report Name: INDIA FIBRE CEMENT BOARDS AND SHEETS MARKET FORECAST & OPPORTUNITIES FY2017 – FY2027F License Type Price Single User License $3500 Multi-User License $4500 Custom Research License $7500 To View Sample OR Purchase Report 17 17 © TechSci Research

  18. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports India Elevator & Escalator Market, Competition Forecast and Opportunities, 2017-2027 India Steel Market, Competition Forecast and Opportunities, 2017-2027 • • India Ready Mix Concrete Market, Forecast and Opportunities, 2017-2027 • India White Cement Market, Competition Forecast and Opportunities, 2017-2027 • India Gypsum Plaster Market, Forecast and Opportunities, 2027 • India Stainless Steel Market , Competition Forecast and Opportunities, 2017-2027 • India Passenger Hoist Market, Competition Forecast and Opportunities, 2017-2027 • TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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