Fiber Cement Rainscreen Panels Market Share

European Market Forecast

Europe industry is set to dominate majority revenue share of 36% by 2037. The growing adoption of developing modern manufacturing materials that contribute to sustainable construction owing to the stringent government regulations regarding energy conservation are some of the major factors anticipated to drive the expansion of the market. According to the findings, European Union buildings and the construction industry accounted for about 40% of energy consumption, nearly 36% of CO2 emissions, and around 33% of waste and water use in 2021.

North American Market Statistics

The fiber cement rainscreen panels market in North America is estimated to be the second largest, registering a share of about 26% by 2037 owing to the increasing concerns regarding greenhouse emissions from the land sector in the United States. The data from the U.S. inventory states that the greenhouse gas emissions in the U.S. summed up to 6,340.2 million metric tons of carbon dioxide equivalents from the land sector in 2021.

Moreover, the increasing investment in the construction industry and the growing demand for green building materials in North America are further anticipated to result in a demand rise for such materials.