The cement board global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cement board Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The cement board market size has grown strongly in recent years. It will grow from $7.8 billion in 2023 to $8.27 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to growing construction and infrastructure, preference for durable and fire-resistant materials, environmental concerns and sustainability, urbanization trends, regulatory standards and building codes..
The cement board market size is expected to see strong growth in the next few years. It will grow to $10.46 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to rising demand for high-performance construction materials, focus on energy efficiency in buildings, innovation in architectural design, growth in residential construction, resilience to harsh weather conditions .. Major trends in the forecast period include implementation of building codes and standards, advantages in moisture and mold resistance, market expansion in developing regions, prefabrication and modular construction trends, digitalization in manufacturing processes..
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Scope Of Cement board Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cement board Market Overview
Market Drivers –
The growing residential and commercial construction is expected to propel the growth of the cement board market going forward. Residential construction refers to construction of private dwelling residential space whereas commercial construction refers to the design and modelling of properties for commercial use. The cement boards are installed in a diagonal or lateral arrangement to safeguard the building’s foundation in residential and construction. Hence, the increasing residential and commercial construction sector is boosting the sales of cement boards. For instance, according to the United States Census Bureau, a US-based principal agency of the federal statistical system, in February 2023, the number of privately owned housing units were 1,524,000 on a seasonally adjusted yearly basis, an increase of 13.8% from January 2023. Therefore, the growing residential and commercial construction is driving the growth of the cement board market.
Market Trends –
Innovative plants are the key trends gaining popularity in the cement board market. Companies operating in the cement board market are developing advanced plants to sustain their position in the market. For instance, in April 2023, Knauf Group, a Germany-based provider of construction materials utilizing sustainable gypsum drywall, launched a cement board plant in Chile. The plant, which represents an investment of US$17 million, has an annual production capacity of 7 million square meters of cement boards. The plant creates a lightweight, durable, and water-resistant product that is ideal for use in exterior applications that, is also fire-resistant and has excellent soundproofing properties.
The cement board market covered in this report is segmented –
1) By Product Type: Fiber Cement Board (FCB), Wood Wool Cement Board (WWCB), Wood Strand Cement Board (WSCB), Cement Bonded Particle Board (CBPB)
2) By Application: Flooring, Exterior and Partition Walls, Roofing, Columns and Beams, Facades, Weatherboard, and Cladding, Acoustic and Thermal Insulation, Other Applications
3) By End User: Residential, Commercial, Industrial And Institutional
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Regional Insights –
Asia-Pacific was the largest region in the cement board market in 2023. The regions covered in the cement board market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the cement board market report are BetonWood SRL, Swisspearl Group AG, Everest Industries Limited, Etex Group Ltd., Elementia Materiales SAB de CV, HIL Limited, GAF Materials Corporation, James Hardie Industries plc, Johns Manville Corp., Nichiha Corporation, Saint-Gobain SA, Atermit AS, LTM Group LLC, Lato OJSC, Soben Board International, Knauf Gips KG, Tepe Betopan AS, Mahaphant India Pvt.Ltd., Hume Cemboard Industries Sdn. Bhd., Visaka Industries Ltd., Allura USA, Swisspearl Group AG, Plycem USA Inc., Maxitile Ltd., American Fiber Cement Corporation, Copalcor Rolled Metals, Taisyou International Business Co. Ltd., SCG Building Materials Co. Ltd., TPI Polene Public Company Limited, Shandong Lutai Building Material Science and Technology Group Co. Ltd. .
Table of Contents
1. Executive Summary
2. Cement board Market Report Structure
3. Cement board Market Trends And Strategies
4. Cement board Market – Macro Economic Scenario
5. Cement board Market Size And Growth
…..
27. Cement board Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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