The global cement board industry is experiencing robust growth, with an estimated value of US$ 12.6 Billion in 2023. According to recent market analysis, the sector is projected to witness a Compound Annual Growth Rate (CAGR) of 5.7% over the assessment period, reaching US$ 21.9 Billion by 2033. The surge in demand is attributed to the myriad benefits offered by cement boards, including exceptional flexibility, crack resistance, and durability.

Cement boards, crafted from cement and cellulose fibers, boast superior water resistance compared to traditional materials like paper-covered gypsum. They are widely utilized as backing for tiles, particularly in moisture-prone areas like bathrooms and kitchens, where resistance to mildew and mold is essential.

Moreover, cement boards play a pivotal role in the construction of high-quality furniture, renowned for their longevity and resilience against fire, termites, and water. They find extensive applications in flooring, sidings, roofing materials, ceilings, trims, and soffits, offering versatility across residential, commercial, and industrial projects.

The upsurge in construction activities, coupled with a burgeoning number of residential and commercial buildings, has propelled the demand for cement boards. With a steady growth rate of 4.9% from 2018 to 2022, these boards are favored for their ease of installation, handling, and a plethora of advantageous properties such as fire and moisture resistance.

Request a Sample of this Report Now!

Various sectors including industrial, agricultural, domestic, and residential rely on cement boards for roofing, cladding, and flooring applications due to their durability and water resistance. These boards serve as a sturdy foundation for tiling, enduring heavy foot traffic with ease.

The industry is poised for further expansion with a projected CAGR of 5.7% during the forecast period, driven by escalating residential and commercial construction activities. Factors such as rising consumer disposable income, a growing emphasis on aesthetic enhancements, and regulatory mandates for eco-friendly building materials are anticipated to fuel market growth.

Key attributes contributing to the popularity of cement boards include their durability, environmental friendliness, and resistance to pests, fungi, fire, and vermin. They streamline construction processes, offer exceptional weather resistance, and are highly versatile in diverse building applications.

Wood strand cement boards, renowned for their bending strength, elasticity, and moisture resistance, are witnessing increased utilization in partition walls, roofing, flooring, and tile backing. These boards, with their cost-effectiveness and resistance to various elements, are becoming indispensable in modern construction projects.

The global cement board industry is undergoing a transformative phase, driven by innovation, sustainability, and the growing demand for resilient building materials. As the market continues to evolve, cement boards are poised to play a pivotal role in shaping the future of construction worldwide.

Key Companies Profiled

  • James Hardie Building Products Inc.
  • Etex Group
  • Cembrit Holding A/S
  • Johns Manville
  • Everest Industries Limited
  • Soben International Ltd.
  • Hume Cemboard Industries Sdn Bhd.
  • SANLE Group
  • Ramco Industries Limited
  • Vnext by Visaka Industries
  • CertainTeed
  • Knauf Gips KG
  • Owens Corning
  • American Fiber Cement Corporation
  • Allura USA
  • Elementia Material
  • BetonWood SRL
  • NICHIHA Co. Ltd.

Access Exclusive Market Insights – Purchase Now!

Key Segments Profiled in the Report

By Type:

  • Fiber Cement Boards
  • Cement Bonded Particle Boards
  • Wood Wool Cement Boards
  • Wood Strand Cement Boards

By Application:

  • Fire Resistant Construction
  • Flooring Applications
  • External Siding
  • Permanent Shuttering
  • Thermal Insulation
  • Partition Walls
  • Others

By Construction Type:

  • Commercial Buildings
  • Residential Buildings
  • Industrial and Institutional

By Region:

  • North America
  • Latin America
  • East Asia
  • South Asia and the Pacific
  • Western Europe
  • Eastern Europe
  • Central Asia
  • Russia and Belarus
  • Balkan and Baltic Countries
  • The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries:
LinkedInTwitterBlogs | YouTube

Leave a comment

Your email address will not be published. Required fields are marked *