Cement board Global Market Report 2024

Description

“Cement board Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on cement board market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for cement board? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The cement board market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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
Companies Mentioned: BetonWood SRL; Swisspearl Group AG; Everest Industries Limited; Etex Group Ltd.; Elementia Materiales SAB de CV
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Cement board, commonly referred to as backer board, is a thin layer of concrete material reinforced with fiberglass mesh on both sides. Its porous composition post-drying enables easy adhesion to grout and mortar. Cement boards are recognized for their heat and fire-resistant properties, serving to enhance wall surface strength and impact resistance.

The primary product types of cement board include fiber cement board (FCB), wood wool cement board (WWCB), wood strand cement board (WSCB), and cement-bonded particle board (CBPB). These boards find application in various areas such as flooring, exterior and partition walls, roofing, columns and beams, facades, weatherboard and cladding, as well as in acoustic and thermal insulation projects. Cement boards are utilized by residential, commercial, industrial, and institutional end users.

The cement board market research report is one of a series of new reports from The Business Research Company that provides stouts and porters market statistics, including cement board industry global market size, regional shares, competitors with an cement board market share, detailed cement board market segments, market trends, and opportunities, and any further data you may need to thrive in the cement board industry. This cement board market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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%. During the historical period, the growth in the utilization of cement boards can be attributed to several factors. These include the increasing focus on construction and infrastructure development, a preference for materials offering durability and fire resistance, growing concerns about environmental sustainability, ongoing urbanization trends demanding reliable building materials, and the implementation of regulatory standards and building codes aimed at ensuring safety and quality in construction projects.

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%. Anticipated growth in the upcoming period for cement boards is expected due to several factors, including the increasing demand for high-performance construction materials, a heightened focus on energy-efficient building solutions, continuous innovation in architectural design, the growth observed in residential construction, and the need for materials resilient to severe weather conditions. Key trends projected in the forecast period encompass the implementation of building codes and standards to ensure quality and safety, the advantages offered by cement boards in terms of moisture and mold resistance, expanding market opportunities in developing regions, the growing adoption of prefabrication and modular construction methods, as well as the integration of digitalization in manufacturing processes within the cement board industry.

The anticipated growth in residential and commercial construction is poised to drive the expansion of the cement board market in the future. Residential construction pertains to the development of private dwelling spaces, while commercial construction involves designing and modeling properties for commercial purposes. Cement boards, when installed diagonally or laterally, serve to protect the building's foundation in both residential and commercial constructions. This surge in construction activities is leading to increased sales of cement boards. For example, as per the United States Census Bureau data from February 2023, the number of privately owned housing units saw a seasonally adjusted yearly increase of 13.8%, totaling 1,524,000 units, compared to January 2023. Consequently, the flourishing residential and commercial construction sectors are fueling the growth of the cement board market.

The rising demand for enhancing home aesthetics is expected to be a significant driver for the cement board market. Home aesthetic improvement involves the process of enhancing a home's appearance to make it more visually appealing and welcoming. Cement boards, being a versatile building material, find applications as siding to provide a modern and sleek appearance to houses and as durable, stylish backsplashes in kitchens or bathrooms. Notably, a May 2023 survey of 2,000 US homeowners by Slickdeals revealed that 69% of homeowners feel embarrassed about their home's aesthetics, and 78% have planned home improvement projects. Homeowners, on average, plan to spend $1753 on such improvement initiatives. Consequently, the growing demand for home aesthetic improvement is a driving force behind the cement board market's expansion.

An emerging trend in the cement board market is the popularity of innovative plants. Companies within the industry are investing in advanced plants to maintain their market positions. In April 2023, Knauf Group, a Germany-based construction materials provider specializing in sustainable gypsum drywall, inaugurated a cement board plant in Chile with an investment of US$17 million. The plant boasts an annual production capacity of 7 million square meters of cement boards, offering a lightweight, durable, water-resistant solution suitable for exterior applications. Notably, the product is fire-resistant and exhibits excellent soundproofing properties. This strategic move aligns with the trend of companies leveraging advanced plants to stay competitive in the cement board market.

Prominent companies within the cement board market are strategically emphasizing collaboration and partnerships as part of their business strategy to enhance service reliability for customers. A strategic partnership denotes a well-defined affiliation between two or more commercial entities, typically established through one or more business agreements or contracts. Notably, in March 2022, Geminite Cement Industries LLC, a UAE-based manufacturer specializing in quality building materials, entered into a partnership with Infor. This collaboration aimed to integrate CloudSuite Industrial Enterprise, facilitating Geminite Cement Industries' digital journey to enhance the efficiency of cement board delivery. The anticipated benefits include the automation and integration of diverse business processes, minimizing manual tasks, and optimizing operations throughout the entire plant. The adoption of this cloud-based solution eliminates the need for on-premises infrastructure and IT support, resulting in substantial cost savings.

In June 2022, Swisspearl Group, a Switzerland-based manufacturer renowned for fiber cement building materials, completed the acquisition of Cembrit for an undisclosed amount. This strategic move enables Swisspearl to broaden its international market presence and expand its production sites. Cembrit, a Denmark-based distributor and manufacturer specializing in fiber cement boards, becomes an integral part of Swisspearl Group through this acquisition.

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

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

The countries covered in the cement board market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The cement board market consists of sales of cement SIP (structural insulated panel) and ceramic cement boards. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10830

1. Executive Summary

2. Cement board Market Characteristics

3. Cement board Market Trends And Strategies

4. Cement board Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Cement board Market Size and Growth

5.1. Global Cement board Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Cement board Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Cement board Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Cement board Market Segmentation

6.1. Global Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Fiber Cement Board (FCB)
Wood Wool Cement Board (WWCB)
Wood Strand Cement Board (WSCB)
Cement Bonded Particle Board (CBPB)
6.2. Global Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Flooring
Exterior and Partition Walls
Roofing
Columns and Beams
Facades, Weatherboard, and Cladding
Acoustic and Thermal Insulation
Other Applications
6.3. Global Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Residential
Commercial
Industrial And Institutional

7. Cement board Market Regional And Country Analysis

7.1. Global Cement board Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Cement board Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Cement board Market

8.1. Asia-Pacific Cement board Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Cement board Market

9.1. China Cement board Market Overview
9.2. China Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Cement board Market

10.1. India Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Cement board Market

11.1. Japan Cement board Market Overview
11.2. Japan Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Cement board Market

12.1. Australia Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Cement board Market

13.1. Indonesia Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Cement board Market

14.1. South Korea Cement board Market Overview
14.2. South Korea Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Cement board Market

15.1. Western Europe Cement board Market Overview
15.2. Western Europe Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Cement board Market

16.1. UK Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Cement board Market

17.1. Germany Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Cement board Market

18.1. France Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Cement board Market

19.1. Italy Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Cement board Market

20.1. Spain Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Cement board Market

21.1. Eastern Europe Cement board Market Overview
21.2. Eastern Europe Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Cement board Market

22.1. Russia Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Cement board Market

23.1. North America Cement board Market Overview
23.2. North America Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Cement board Market

24.1. USA Cement board Market Overview
24.2. USA Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Cement board Market

25.1. Canada Cement board Market Overview
25.2. Canada Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Cement board Market

26.1. South America Cement board Market Overview
26.2. South America Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Cement board Market

27.1. Brazil Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Cement board Market

28.1. Middle East Cement board Market Overview
28.2. Middle East Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Cement board Market

29.1. Africa Cement board Market Overview
29.2. Africa Cement board Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Cement board Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Cement board Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Cement board Market Competitive Landscape And Company Profiles

30.1. Cement board Market Competitive Landscape
30.2. Cement board Market Company Profiles
- 30.2.1. BetonWood SRL
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Swisspearl Group AG
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Everest Industries Limited
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Etex Group Ltd.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Elementia Materiales SAB de CV
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Cement board Market Competitive Benchmarking

32. Global Cement board Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Cement board Market

34. Cement board Market Future Outlook and Potential Analysis

34.1 Cement board Market In 2028 - Countries Offering Most New Opportunities
34.2 Cement board Market In 2028 - Segments Offering Most New Opportunities
34.3 Cement board Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer