Cement Boards Market 2022 Outlook, Current and Future Industry Landscape Analysis 2029

Cement boards are used as a backing for tiles. They are water resistant and are typically preferred in areas that are prone to water exposure. Cement boards add strength to various supporting structures. The various instances where cement boards are used include making place for new tiles on existing wood floors, on top of cabinets to create counter tops, and on walls for providing a substrate for the application of plaster. Various types of cement boards such as fiber cement boards, wood wool cement boards, and wood strand cement boards are used in a wide range applications.

The global cement boards market is expected to witness moderate growth in the next few years. The growth of the construction industry, urbanization, and modernization demand highly durable and impact-resistant cement boards. These factors are projected to create favorable scenario for the growth of cement boards market.

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Cement Boards Market: Dynamics

Increasing population, job-driven migration, and improving purchasing power in emerging economies is driving rapid urbanization. Such mass urbanization demands construction of new residential, commercial and public infrastructure. Cement boards provide durable structure to buildings and construction projects. Key beneficial properties of cement boards include fire resistance, moisture resistance, impact resistance, and easy to handle and install. These properties make them preferable for various applications such as floors and roofs, ceilings, exterior and partition walls, facades, fire resistant furniture, etc. The furniture sector follows the construction industry in terms of the use of cement boards.

Various types of cement boards such as fiber cement boards, wood wool cement boards, wood strand cement boards, and cement bonded particle boards make them suitable for different climatic conditions, and also for various applications such as permanent shuttering and the insulation of concrete. There are opportunities for growth in the cement board industry, such as the need for durable building products in areas prone to natural disasters. Also, environmental policies regarding reduced hazardous chemicals make cement boards even more preferable than concrete. Cement boards are environment friendly, and low-carbon cement product alternative.

However, the comparatively higher initial costs of cement boards and the fact that they are also bulky in weight can restrain its market growth to some extent.

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Cement Boards: Market Participants

Some of the leading players in the cement boards market include James Hardie, Etex Group, Cembrit, Elementia, Everest Industries, Mahaphant, Saint Gobain, SCG Building Materials, Soben Board, PENNY PANEL, Hume Cemboard Industries, Soben International Ltd, and Sanle Building Materials Group, among others.

These market players focus on innovation in production technologies to improve their efficiency and expand their sales in the global market by investing in new distribution channels. Market players partner with various solution providers to launch new products in the market. For instance, James Hardie Building Products Company partnered with a homebuilder company, Colorado-based Century Communities, in October 2018.

Cement Boards Market: Segmentation