MarkNtel Advisors has recently published a research report that delves into the Thailand Fiber Cement Market Research Report: Forecast (2023-2028). This report aims to improve user comprehension and facilitate informed decision-making by thoroughly examining significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges. Utilizing both qualitative and quantitative data, the report provides a comprehensive overview, offering detailed growth prospects and succinct insights into competitors to familiarize both established businesses and newcomers with the current market scenario.
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Thailand Fiber Cement Market Insight and Analysis:
The Thailand Fiber Cement market is projected to grow at a CAGR of around 4.34% during the forecast period, i.e., 2023-28.
Thailand Fiber Cement Market Driver:
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 Industry Segmentation Insights:
-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
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-By Production Process
-Hatschek Process
-Extrusion Process
-Perlite Process
-By Region
-Central
-Northeast
-North
-South
Top Companies in Global Thailand Fiber Cement Market : 2023-2028
A thorough examination of the competitive landscape of the market involves a comprehensive analysis of its key competitors. This analysis delves deep into each company's profile, financial achievements, market presence, potential, Research and Development (R&D) expenditures, recent strategic initiatives in the market, footprint, strengths, weaknesses, and market dominance. The information provided offers a comprehensive overview of the leading market players, including SHERA, Toray Industries Inc., Siam Cement Group, TPI Polene Plc., Mahaphant Fibre-Cement (South Asia) Private Limited, Sika Group, Others.
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