Thailand Fiber Cement Market Overview: 2023-2028
Base Year: 2022
Historical Years: 2018-21
Forecast Years: 2023-2028
The Thailand Fiber Cement market is projected to grow at a CAGR of around 4.34% during the forecast period, i.e., 2023-28.
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Thailand Fiber Cement Market Dynamics: 2023-2028
Thailand Fiber Cement Market Key Driver:
Government Initiatives Toward Green Solutions – The government of Thailand has been progressively improving its efforts to enhance the sustainability level of the country & reducing its carbon footprints necessitated by climate change. Thailand aims to reduce its greenhouse gas emissions by 30% by 2030 compared to the business-as-usual scenario. This includes reforms in areas such as human settlement & security, tourism, agriculture, natural resources, health, and water. This is further leading to the emergence of Thailand as a model of green buildings in Asia.
Moreover, technical assistance & stakeholder engagement provided by UN Environment plays a crucial role in promoting sustainable & energy-efficient buildings that reduce greenhouse gas emissions. Such assistance under the program NAMA (Nationally Appropriate Mitigation Actions) announced for the building sector in Asia is supporting the development of government-led interventions to enrich investment in energy-efficient & green buildings. This would further support the demand for fiber cement in Thailand during the forecast period.
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Thailand Fiber Cement Market (2023-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Material
-Cellulosic Material
-Portland Cement
-Sand
The use of Portland cement for making Fiber Cement was high in Thailand during the historical period due to the booming construction & infrastructure industries in the country.
By Application
-Cladding
-Roofing
-Siding
-Molding & Trimming
-Backer Boards
-Wall Partition
-Others (Counter Tops, Ceiling, 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.
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Top Companies Operating in the Thailand Fiber Cement Market:
SHERA, Toray Industries Inc., Siam Cement Group, TPI Polene Plc., Mahaphant Fibre-Cement (South Asia) Private Limited, Sika Group, Others.
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