Popularity of Low-cost Asbestos-based Products Driving the Growth Of Indian Fiber Cement Market
BriefingWire.com, 4/04/2021 - Indian Fiber Cement Market is forecast to reach $4.2 million by 2025, after growing at a CAGR of 6.7% during 2020-2025. Owing to growing building activities throughout the region. Fiber cement boards and sheets are composite building and construction materials, mainly used in roofing and facade products due to their strength and durability. In addition, the demand for fiber Cement boards and sheets is further driven by stringent regulations against the use of asbestos in construction due to the health risks associated with its use across India. In addition, the increasing demand for energy efficient buildings is also boosting the growth of the market.