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Cement Boards Market

Cement Boards Market by Construction Type, Type, Application & Region - Forecast 2022 - 2032

Market Insights on Cement Boards covering sales outlook, demand forecast & up-to-date key trends

Cement Boards Market Outlook

The cement board market is likely to register a CAGR of 5.2% during the forecast period.

Rising trends aimed at improving one's appearance provide a potential for the cement board market and demand for cement board, along with the sales of cement board to flourish in the future.

Attributes

Details

Cement Boards Market (CAGR)

  5.2%

Cement Boards Market Volume (2022)

570.06 million square meters

Cement Boards Market Volume (2032)

734.51 million square meters

The high initial cost, in contrast to its traditional equivalents, is likely to be a cement board market limitation.

What are the Growth Propellers in the Cement Boards Market

Increasing population, job-driven migration, and improving purchasing power in emerging economies is driving demand for cement board along with the sales of cement board and rapid urbanization. Such mass urbanization demands the construction of new residential, commercial and public infrastructure.

Cement boards provide durable structures for buildings and construction projects. Key beneficial properties of cement boards include fire resistance, moisture resistance, impact resistance, and ease of handling and installation. These properties make them preferable for applications of cement boards market 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 demand for cement boards along with the sales of cement boards.

Various types of cement boards, such as fiber cement boards, wood wool cement boards, wood strand cement boards, and cement-bonded particleboards, make them suitable for different climatic conditions and for applications of cement boards market such as permanent shuttering and the insulation of concrete.

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What are the Key Developments in the Cement Board Market

There are opportunities for growth in the cement boards market and demand for cement boards together with escalated sales of cement boards, such as the need for durable building products in areas prone to natural disasters. The environmental policies regarding reduced hazardous chemicals make cement boards even more preferable to concrete. Cement boards are an environmentally friendly and low-carbon cement product alternative.

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

What is the Regional Outlook for Cement Boards Market

Increasing population, presence of several fast-growing economies, and urbanization are leading to the growth of the cement boards market in the Asia Pacific, in addition to the surged demand for cement boards together with escalating sales of cement boards. Due to the healthy growth rate of the construction industry, Asia Pacific is estimated to witness significant growth in the cement boards market along with heightening demand for cement boards.

High investments being made in residential and commercial construction in countries such as China, Japan, Taiwan, India, and Malaysia are leading to the growth of the cement boards market. Also, environmental policies such as regulations related to the emission of volatile organic compounds are being implemented in this region and can drive the usage of cement board types, such as fibre cement boards and cement-bonded particle boards, resulting in high demand for cement boards as well as sales of cement board.

The cement boards market in the Middle East and Africa is expected to witness significant growth in the next few years. Due to the growth of the construction industry, the cement boards market in this region is expected to witness significant growth. The residential sector in North America and the commercial sector in Europe primarily drive the cement board markets and demand for cement boards in these regions.

Nikhil Kaitwade
Principal Consultant
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Which Segment by End User has Largest Share in the Cement Boards Market

The commercial sector is an important part of the cement board market as well as in the share of sales of cement boards. Furthermore, one of the most important cement board market applications in the commercial sector is the office sector. With increased commercial activity across the world, demand for cement boards in this category is expanding at a rapid rate.

What is the Competitive Landscape of the Cement Boards Market

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 are among of the cement boards market’s top competitors.

These cement boards market players prioritise manufacturing technology innovation in order to increase efficiency and boost sales of cement boards by investing in new distribution channels. To introduce new items in the cement boards market, industry participants collaborate with a variety of solution providers.

In October 2018, for example, James Hardie Building Products Company teamed with Century Communities, a Colorado-based homebuilder.

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Report Scope

Report Attribute

Details

Growth rate

CAGR of 5.2%  from 2022 to 2030

Base year for estimation

2021

Historical data

2015 - 2020

Forecast period

2022 - 2032

Quantitative units

Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis

Segments covered

Construction Type, Type, Application, Region

Regional scope

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

Key companies profiled

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.

Customization scope

Free report customization (equivalent to up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

KEY SEGMENTS

By Construction Type:

  • Commercial Buildings
  • Residential Buildings
  • Others

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

Frequently Asked Questions

The cement boards market is anticipated to register a CAGR of 5.2% during the forecast period.

The cement boards market share is anticipated to reach 855.16 million square meters by 2030.

The rising residential developments as well as the desirable features of impact resistance and durability, are major drivers driving the cement boards market.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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