Increasing Prevalence of Construction Companies Is Augmenting the Growth of the Global Cement Board Market

Cement Board Market

Cement Board Market, Product Type (Fiber Cement Board (FCB), Wood Wool Cement Board (WWCB), Wood Strand Cement Board (WSCB), Cement Bonded Particle Board (CBPB)), By Application (Flooring, Exterior and Partition Walls, Roofing, Columns and Beams, Facades, Weatherboard, and Cladding, Acoustic and Thermal Insulation, Other Applications (Prefabricated Houses, Permanent Shuttering, Fire- resistant Construction, etc.)), By End-User Industry (Residential, Commercial, Industrial, and Institutional), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030.

Market Overview:

Cement board is a type of building material widely used in construction for its durability, strength, and resistance to moisture, fire, and pests. It is typically composed of a combination of cement, cellulose fibers (such as wood or plant fibers), and other additives. The mixture is formed into sheets or panels, which are then cured and hardened.

Competitive Landscape:

Major players operating in the global Cement Board Market include NICHIHA Co. Ltd., GAF, HIL Limited, Cembrit Holding A/S, BetonWood Srl, Saint-Gobain, Knauf Gips KG, Johns Manville, James Hardie Industries PLC, Everest Industries Limited, Elementia Materials, and Etex group.

Key Market Drivers:

The global construction industry is experiencing steady growth, driven by factors such as urbanization, population growth, and infrastructure development. Cement boards find extensive usage in various construction applications, including walls, ceilings, floors, and roofing, due to their durability, stability, and resistance to moisture and impact. This is expected to augment the growth of the global Cement Board Market. For instance, according to Building Radar, there are more than 3 million construction companies in Europe.

Cement boards offer several advantages over traditional building materials such as gypsum boards, plywood, and fiberboards. Cement boards are non-combustible, providing superior fire resistance and safety. They are also highly resistant to moisture, mold, and pests, making them ideal for wet areas such as bathrooms and kitchens. Additionally, cement boards have excellent dimensional stability, making them suitable for external applications in various weather conditions. These advantages contribute to the growing preference for cement boards in the construction industry.

Renovation and remodeling activities in the residential, commercial, and industrial sectors are driving the demand for cement boards. The need for durable, moisture-resistant, and fire-resistant materials during renovation projects, coupled with the versatility and ease of installation offered by cement boards, has increased their adoption in remodeling applications. This is estimated to enhance the growth of the global Cement Board Market.

 

 

 

The increasing emphasis on sustainable construction practices and the demand for environmentally friendly materials have positively influenced the Market. Cement boards are made from a mixture of cement and cellulose fibers, which are derived from recycled or sustainable sources. Additionally, cement boards are recyclable and contribute to energy efficiency due to their insulation properties, making them a preferred choice for sustainable construction projects.

Covid-19 Impact Analysis:

The COVID-19 pandemic initially resulted in disruptions in the construction industry due to lockdown measures, supply chain disruptions, and labor shortages. Construction projects were delayed or put on hold, leading to a decline in the demand for cement boards. However, the impact varied across regions, with some countries experiencing a faster recovery than others.

Key Takeaways:

·       The Asia-Pacific region is expected to dominate the growth of the global Cement Board Market, owing to rapid urbanization, infrastructure development, and population growth. Countries such as China, India, and Japan are the major contributors to market growth in the region. The demand for cement boards in Asia-Pacific is fueled by the construction of residential, commercial, and industrial buildings, as well as the rising adoption of sustainable construction practices. For instance, in October 2020, USG Boral was acquired by Knauf Group, to expand the gypsum wallboard-based businesses in the Middle East, Asia, New Zealand, and Australia.

·       North America is estimated to witness high growth in the global Cement Board Market, owing to the robust construction industry and the increasing focus on energy-efficient and sustainable building solutions. The United States and Canada are key contributors to the market growth, with the demand for cement boards driven by renovation projects, new construction, and the need for durable and fire-resistant materials. For instance, according to the Associated General Contractors of America, there are around 3,787,470 Construction businesses in the United States.