MarkNtel Advisors recently published a detailed industry analysis of the Thailand Fiber Cement Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Thailand Fiber Cement Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 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.
What are the major Driver the Thailand Fiber Cement industry?
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.
Thailand Fiber Cement Market Possible Restraint:
Labor Shortage Faced by the Country – The economy of Thailand has been witnessing a lack of efficient workforce in the historical years. This includes a range of skilled, unskilled, and managerial workforce in different industries such as construction, manufacturing, etc. Also, the requirement of skilled workers in the manufacturing of fiber cement, including knowledge of production processes, equipment operation, quality control, and safety protocols, combined with the high requirement of workers in the construction sector, would hinder the growth of the market in the forthcoming years.
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What segments define the Thailand Fiber Cement Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Material
- Cellulosic Material
- Portland Cement
- Sand
According to report, 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
According to report, The Residential Sector of Thailand witnessed considerable growth during the historical period owing to the raised development of residential construction in the country combined with the acoustic & thermal insulation properties of fiber cement.
By Fiber Type
- Polypropylene
- PVA
- Lignocellulose
- Carbon
- Others
By Production Process
- Hatschek Process
- Extrusion Process
- Perlite Process
According to report, The Hatschek process acquired a considerable share in Thailand’s market for the manufacturing of fiber cement products owing to the production of high-quality, uniform products cost-effectively & efficiently.
Explore the Complete Thailand Fiber Cement Market Analysis Report – https://www.marknteladvisors.com/research-library/thailand-fiber-cement-market
Geographical Analysis: Thailand Fiber Cement Market
By Region
- Central
- Northeast
- North
- South
Thailand Fiber Cement Market Share & Competitive Landscape:
The Thailand Fiber Cement Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Thailand Fiber Cement Market are:
- SHERA
- Toray Industries Inc.
- Siam Cement Group
- TPI Polene Plc.
- Mahaphant Fibre-Cement (South Asia) Private Limited
- Sika Group
- Others
Questions Addressed in this Study
1.What factors are driving the Thailand Fiber Cement Market growth?
2.How is the Thailand Fiber Cement Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Thailand Fiber Cement Market?
4.What is the current size of the Thailand Fiber Cement Market, and how is it projected to change in the future?
6.What is the future outlook for the Thailand Fiber Cement Market in terms of technological advancements and market expansion?
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