According to a research report on the fibre cement industry published by The Business Research Company, the fibre cement market is predicted to rise due to rising construction spending. Due to its characteristics such as resistance to wear and tear on concrete, as well as benefits for the residential space, the use of high-efficiency and sustainable fibre cement affixes to the exterior of both residential and commercial spaces has increased with the growth of the construction industry. At a compound annual growth rate (CAGR) of 7.13 per cent, the global fibre cement market is predicted to rise from $14.37 billion in 2021 to $15.40 billion in 2022. The market’s growth is primarily due to companies reorganising their operations and recovering from the impact of COVID-19, which had previously resulted in restrictive containment measures such as social distancing, remote working, and the closure of commercial activities, all of which created operational challenges. At a CAGR of 8.45 per cent, the fibre cement market is estimated to reach $21.30 billion in 2026. Technological developments are a prominent trend in the fibre cement industry. Fiber cement board manufacturers are producing new products using cutting-edge technology to fulfil the demands of clients in a variety of industries.