Cement Board Market:- Market Share And Size During The Forecast Period 2022-2030

 

Cement Board Market


The Cement Board Market refers to the global industry involved in the production, distribution, and consumption of cement boards. Cement boards are a type of building material made from a combination of cement, fibers, and other additives.

The Cement Board Market was valued at USD 1,682.4 million in 2021, and from 2022 to 2030, it is projected to increase at a compound annual growth rate (CAGR) of 4.6%. The cement board market is anticipated to increase as a result of rising building sector expenditure. The US Census Bureau estimates that construction spending in the US was USD 1,625.9 billion seasonally adjusted annually in November 2021, which is USD 0.4% more than the updated October estimate of USD 1,618.8 billion.

Additionally, the November 2021 projection was 9.3% higher than the USD 1,487.2 billion November 2020 estimate. Additionally, building spending from January to November 2021 totaled USD 1,463.2 billion, 7.9% more than USD 1,355.6 billion for the same period in 2020.

Market Segmentation

Cement and reinforcing fibers are combined to create Cement Board Market which are commonly used as tile backing boards. In order to enable bending for curved surfaces, cement board is also manufactured in thin sheets with polymer-modified cement. The cement board market is divided into segments based on product type (fibers cement board, wood wool cement board, wood strand cement board, and cement bonded particle board), application (flooring, external and partition walls, roofing, columns and beams, facades, weatherboard, and cladding), and region (North America, Europe, Asia Pacific, South America).

Market Trends

A significant portion of the Cement Board Market is the business sector. In addition, one of the key markets for cement board applications in the commercial sector is the office sector. The demand for cement boards in this market is rising at a good clip due to the expanding commercial activity around the world. One of the biggest markets for commercial building, the Asia-Pacific area has been a booming market for office space in recent years.

Competitive Landscapes

Saint-Gobain, BetonWood Srl, Cembrit Holding A/S, HIL Limited, GAF, Everest Industries Limited, Elementia Materials, James Hardie Industries PLC, Johns Manville, Knauf Gips KG, Etex group, and NICHIHA Co.


Market Dynamics

Key market growth drivers include the robust global growth of the residential sector and the rise in single-family house building in North America and Europe. It is also anticipated that rising building sector investment will support the expansion of the cement board market



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