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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