The usage of the asbestos sheet has taken a massive leap throughout the past few years. The recent trends show that many people are choosing asbestos sheets over anything else, mainly for roofing and siding. Longevity, weather resistance, and water resistance are some key factors that stimulate the interest in asbestos sheets in peoples’ minds. Most industrial buildings use the asbestos sheet for siding and roofing.
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Types of Asbestos Sheets
There are mainly three types of Asbestos sheets, which include-
- Corrugated Asbestos Sheets- This catches little rust, and one of the key features is its Longevity. They are mainly used for roofing and siding, especially in farms and factories.
2. Asbestos Flat Sheet- These are used as underlayment for flooring in homes and business offices due to their high water resistance.
3. Asbestos Lumber- These are make use of as a base for roofing and siding resources like shingles and fake brick facing.
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Market Overview
The asbestos sheet market is facing growth due to the increase of industrial buildings.
Market By Application-
Siding
Roofing
Cladding
Molding and Trimming
Others
Market, By Region-
East
West
North
South
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Major Companies in the Global Asbestos Sheet Market
Celotex (U.S.), Keasbey and Mattison Company (U.S.), GAF corporation (U.S.), James Hardie Industries (Australia), National Gypsum Company (U.S.), Johns Manville (U.S.), Flintkote Company (U.S.), U.S. Gypsum, Philip Carey Manufacturing Corporation (U.S.), Atlas Asbestos Company (Canada), etc.
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However, there are several famous, not-so-famous Indian companies are also there, who are trying hard to make a place in the list of highly regarded industries in the asbestos sheet market.
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Market Growth
Our forecast period starts from FY2022 and ends in FY2026. This is measure that the Indian Fibre Cement Boards and Sheets Market can reach at USD760 million by the end of the predicted period, expanding at a CAGR of more than 3%. The roofing segment is assumed to grasp the largest market share by the end of FY2026 because of the dynamic and multiple usages of asbestos in both residential and non-residential areas. On the other hand, this is more or less evident that the industrial areas prefer to have fiber sheet nowadays. High weather resistance, Longevity has made this possible for the asbestos sheet market.
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Market Trends
1. Increase in industrial buildings such as factories has created a significant impact on the growth of asbestos sheet markets. Because of that, this has become a boost.
2. In rural buildings, roofing sheets have repetitive folds, which offer strength and resistance. Due to this shape, rainwater never accumulates. Due to these advantages, there is a recent trend in rural areas to use asbestos sheets for roofing and siding.
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3. The increase of industrial buildings has opened up a new horizon for the Market, as there are now various forms of asbestos sheets, each of them has different usages.
4. The expansion of government interest in infrastructure building has been another key reason behind the meteoric growth of the asbestos sheet market.
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Conclusion: This project report done by Niir Project Consultancy Service (NPCS) on the growth of the asbestos sheet market is detailed and the outcome of thorough research. This report contextualizes the market value, market growth rate, key market trends, and influences. The report tends to analyze all the aspects of the industry, explore all the key factors, and present a bright, easy-to-understand, and essential report. You can quickly gather any information you want to know about the Market from this report. You can be a supplier, investor, or manufacturer; this report will somehow enrich you, that’s for sure.
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