The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Thailand Fiber Cement Market (2023-2028):
According to the latest report, the Thailand Fiber Cement Market is projected to grow at a CAGR of around 4.34% during the forecast period, i.e., 2023-28. The report demonstrates the prominent factors propelling the exponential growth of the Thailand Fiber Cement Market.
Key Takeaways: Beneficial for Stakeholders and Clients
- Historic Period: 2018-2021
- Base year: 2022
- Forecast Years: 2023-2028
- CAGR (2023-28): 4.34%
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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 Segmentation
The Thailand Fiber Cement Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Material
- Cellulosic Material
- Portland Cement
- Sand
- 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
As per the regional aspect, the Thailand Fiber Cement Market is expected to be dominated by the Thailand by capturing the potential market share.
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https://www.marknteladvisors.com/research-library/thailand-fiber-cement-market
Top Companies 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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