Cement board market size, Cement board market growth, Cement board market forecast, Cement board market trends, Cement board market drivers, Cement board market segments, Cement board market report
What Are The Historic And Expected Market Sizes And Growth Rates For The Global Cement Board Market?
The cement board market has exhibited strong growth over the years. The market size expanded from $8.15 billion in 2024 to a projected $8.6 billion in 2025, registering a compound annual growth rate (CAGR) of 5.5%. Significant factors contributing to the market’s historic growth include increasing infrastructure developments, a growing preference for durable and fire-resistant materials, escalating environmental concerns, and ongoing urbanization trends. Additionally, stringent regulatory standards and building codes also played a vital role in market expansion.
The cement board market is anticipated to continue its upward trajectory, reaching $11.18 billion by 2029, at a CAGR of 6.8%. Factors contributing to this robust growth forecast include rising demand for high-performance construction materials, a renewed focus on energy efficiency in buildings, innovations in architectural design, and growth in residential construction. Market expansion in developing regions, Prefabrication and modular construction trends, digitalization in manufacturing processes, and the market’s resilience to harsh weather conditions further support the optimistic outlook.
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What Are The Key Drivers For Growth In The Cement Board Market?
The cement board market’s growth is significantly propelled by the escalating residential and commercial construction sectors. Cement boards, installed in a diagonal or lateral arrangement, protect the building’s foundation in residential and commercial construction. The increased building activity bolsters cement board sales. According to the United States Census Bureau, the number of privately owned housing units on a seasonally adjusted yearly basis grew by 13.8% in February 2023 from the previous month. This positive growth trend in residential and commercial construction is a significant driver for the cement board market.
What Are The Key Segments In The Cement Board Market?
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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Which Key Companies Are Dominating The Cement Board Market?
The cement board market includes key players such as BetonWood SRL, 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, and Saint-Gobain SA. Other noteworthy contributors include 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, and Shandong Lutai Building Material Science and Technology Group Co. Ltd.
What Innovation Trends Are Emerging In The Cement Board Market?
Innovation is a significant trend in the cement board market. Companies are developing advanced facilities to reinforce their market position. Knauf Group, a reputable construction materials provider, exemplified this trend in April 2023 by launching a cement board plant in Chile. The $17 million investment ensures an annual production capacity of 7 million square meters of cement boards, catering to the demand for lightweight, durable, and water-resistant exterior applications combatting fire and excellent soundproofing properties.
Which Region Holds The Largest Market Share In The Cement Board Market?
Asia-Pacific dominated the cement board market in 2024, reflecting the regional market growth. Future expansion is projected across other regions, including Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Can You Expect From The Cement Board Market Report 2025?
Cement board, also identified as backer board, is a thin layer of concrete sandwiched between fiberglass mesh on both sides. The porous nature of cement boards provides easy adhesion to grout and mortar. They offer superior heat and fire resistance while boosting the underlying wall surface’s impact resistance and strength. The Cement Board Market research report from The Business Research Company provides global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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