India Fibre Cement Boards and Sheets Market 2026

Published: December 2020 PuPubblliishsheded:: MJuayne 20212021 PuPubblliishsheded:: AMparrichl 2021 2021 2015 – 2025 FY2017 – FY2027 FY2017 – FY2027F INDIA ELEVATORS MARKET- FORECAST INDIA FIBRE CEMENT BOARDS AND & OPPORTUNITIES SHEETS MARKET-FORECAST & OPPORTUNITIES wwwwww..ttechechscisciresearch.research.cocomm www.techsciresearch.com www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com MMAARRKKEET T IINNTETELLLLIIGGEENNCCEE .. CCOONNSSUULTLTIINNGG MARKET INTELLIGENCE . CONSULTING 1 MMAARRKKEET T IINNTETELLLLIIGGEENNCCEE .. CCOONNSSUULTLTIINNGG MARKET INTELLIGENCE . CONSULTING

Table of Contents S. No. Contents 1. Product Overview 2. Research Methodology 3. Executive Summary 4. Impact of COVID-19 on India Fibre Cement Boards and Sheets Market 5. 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 6. 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 7. 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 8. North India Fibre Cement Boards and Sheets Market Outlook © TechSci Research 22

Table of Contents S. No. Contents 8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1. By Raw Material 8.2.2. By Application 8.2.3. By End Use 9. 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 10. 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 11. Pricing Analysis 12. Value Chain Analysis 13. Market Dynamics 13.1. Drivers 13.2. Challenges 14. Market Trends and Developments 15. Policy & Regulatory Landscape © TechSci Research 33

Table of Contents 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 © TechSci Research 44

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 Figure 7: India Fibre Cement Boards & Sheets Market Map, By Raw Material, Market Size (USD Million) & Growth Rate (%) Figure 8: India Fibre Cement Boards & Sheets Market Map, By Application, Market Size (USD Million) & Growth Rate (%) 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 © TechSci Research 55

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 © TechSci Research 66

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) © TechSci Research 77

Product Overview

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 cementandsand,makingitlong-lastinganddurable.Fibrecementboardsandsheets arepopular 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 INDIA FIBRE CEMENT BOARDS • Asbestos • Roofing AND SHEETSMARKET • Non-Asbestos • Siding Year Range • Cladding • Moulding & Trimming Review Period • Others FY2017 – FY2020 BY END-USE Base Year • Residential FY2021 • Non-Residential Estimated Year BY REGION • East FY2022 • North Forecast Period • South • West FY2023 – FY2027 © TechSci Research 99

Research Methodology

Research Methodology Market Formulating Developing List of Data Data Data Profiling Questionnaire Respondents Collection Validation Analysis In-depth secondary In order to conduct List of industry TechSci conducted Data obtained as a The data was scrutinized research was conducted to players and industry interviews with result of primary using MS-Excel, statistical determine top players, industry experts’ industry experts and tools and internal overall market size and interviews, TechSci specialists was and secondary proprietary database to segmental market size in formulated a detailed developed. industry players for research was obtain qualitative and India fibre cement boards discussion guide. data collection and validated through quantitative insights about and sheets market. verification. rigorous India fibre cement boards triangulation. and sheets market. Primary Research Desk Research Company Analysis ✓ Identifying Key Opinion ✓ Recent Developments ✓ Market Participants Data Data Filter Research & Actionable Business Leaders ✓ Market Changing ✓ Key Strengths Collection & Analysis Intelligence Insights Solution ✓ Questionnaire Design Aspects/Dynamics ✓ In-depth Interviews ✓ Government Policies ✓ Conclusion Primary Research Secondary Research Paid Sources ✓ LinkedIn ✓ Company Websites ✓ Factiva ✓ TechSci Internal ✓ Company Annual ✓ Hoovers Database Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body © TechSci Research 1111

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. © TechSci Research 1212

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. © TechSci Research 1313

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: o Moving Average o Time Series Analysis o Regression Analysis o Econometric and Judgmental Analysis 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. Partial List of Companies HIL Limited, Visaka Industries Ltd. (VIL), Everest Industries Ltd., Ramco industries Ltd, Interviewed Sahyadri Industries Ltd., Utkal Asbestos Ltd., UP Asbestos Ltd. (UPAL)., NCL Industries Ltd., Mahaphant Fibre Cement Pvt. Ltd., A Infrastructure Ltd. among others Partial List of Secondary Company Annual Reports, Press Releases, Industry Magazines, Industry Reports, Company Sources Websites, TechSci Research Proprietary Database & Knowledge Repository, etc. st st *Note: (a) The data given for any year represents the market during the period i.e. 1 April of the previous year to 31 st st March of that year. eg: For 2022E, the data represents the period, 1 April 2021 to 31 March 2022. (b) Sum of some shares may not be 100% due to round off till two decimal places. © TechSci Research 1414

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 aRCCceilingslab.Asbestosconcretesheetsare chieflyutilized 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 onstrategic 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, ResearchDirector with TechSci Research, a research based global management consulting firm. © TechSci Research 1515

Sample Data - Snapshot India Fibre Cement Boards & Sheets Market Size, By Value (USD Million), 2017-2027F CAGR 2017-2021 CAGR 2022E-2027F By Value: xx% 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 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Asbestos 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% Non-Asbestos 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% North India Fibre Cement Boards & Sheets Market Share, By Application, By Value, 2017-2027F 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Roofing 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% Siding 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% Cladding 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% Moulding & Trimming 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% Others 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% © TechSci Research 1616

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 © TechSci Research 1717

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