Cement Board Market Size, Share, Trends, Growth Outlook

Global Cement Board Market Size is valued at $12.6 Billion in 2024 and is forecast to register a growth rate (CAGR) of 12.3% to reach $31.9 Billion by 2032.

The global Cement Board Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Product (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, Others), By End-User (Residential, Commercial, Industrial, Institutional).

An Introduction to Cement Board Market in 2024

Cement board is a building material composed of Portland cement reinforced with cellulose fibers or fiberglass in 2024. It is commonly used as a substrate for tile and stone installations in wet areas such as bathrooms, kitchens, and exterior walls. Cement board offers excellent resistance to moisture, mold, and fire, making it suitable for use in areas where traditional gypsum-based drywall may not be appropriate. Additionally, cement board provides a stable and durable surface for tile adhesion and prevents moisture damage to underlying structures. It is available in various thicknesses and sizes to accommodate different applications and installation requirements. Cement board is favored by contractors and builders for its ease of installation, longevity, and resilience in harsh environments. With increasing emphasis on building resilience and sustainability, cement board s to be a popular choice for high-performance construction projects worldwide.

Cement Board Market Competitive Landscape

The market report analyses the leading companies in the industry including BetonWood SRL, Cembrit Holding A/S, Compagnie de Saint-Gobain SA., Elementia Materials, Etex Group, Everest Industries Ltd, GAF Materials Corporation, HIL Ltd, James Hardie Industries PLC, Johns Manville, Knauf Gips KG, NICHIHA Co. Ltd, and others.

Cement Board Market Dynamics

Market Trend: Growing Demand for Sustainable Construction Materials

A prominent trend in the cement board market is the growing demand for sustainable construction materials, driven by increasing awareness of environmental issues, stringent building codes, and sustainability goals in the construction industry. Cement boards, known for their durability, fire resistance, and moisture resistance, are widely used as exterior cladding, roofing, flooring, and wall systems in residential, commercial, and industrial buildings. With a shift towards green building practices and energy-efficient construction methods, there is a rising preference for cement boards made from recycled materials, low-carbon cement formulations, and energy-efficient manufacturing processes. This trend is reshaping the cement board market, with manufacturers focusing on developing eco-friendly products and sustainable manufacturing practices to meet the evolving needs of environmentally conscious consumers and construction professionals.

Market Driver: Growth in Construction and Infrastructure Development

The primary driver fueling the demand for cement boards is the growth in construction and infrastructure development activities worldwide, driven by population growth, urbanization, and investments in residential, commercial, and public infrastructure projects. Cement boards play a vital role in modern construction projects, offering superior performance and versatility compared to traditional building materials such as wood, gypsum, and metal. With increasing demand for durable, weather-resistant, and fire-resistant building materials, cement boards are being used in a wide range of applications, including exterior siding, interior partitions, flooring underlayment, and ceiling panels. As construction activity continues to expand in emerging markets and urban areas, the demand for cement boards is expected to remain strong, driving market growth and investment in new production facilities and technologies.

Market Opportunity: Innovation in Lightweight and High-Performance Cement Boards

An emerging opportunity within the cement board market lies in innovation in lightweight and high-performance cement boards to address evolving customer needs and market demands for improved durability, flexibility, and sustainability. With advancements in materials science, manufacturing processes, and design technologies, there is potential to develop cement boards with enhanced properties such as higher strength-to-weight ratios, better thermal insulation, and improved acoustic performance. These advanced cement boards could find applications in areas where traditional cement boards may be limited, such as high-rise construction, prefabricated building systems, and seismic-resistant structures. By investing in research and development initiatives and collaborating with architects, engineers, and construction professionals, manufacturers of cement boards can capitalize on this opportunity to introduce innovative products that offer superior performance, durability, and sustainability, driving differentiation and market growth in the global cement board industry.

Cement Board Market Share Analysis: Fiber Cement Board (FCB) segment generated the highest revenue in 2024

Within the Cement Board market, the Fiber Cement Board (FCB) segment is the largest, primarily due to its versatility, durability, and widespread applications in construction and building materials. Fiber cement boards are composite materials made from cement, sand, and cellulose fibers, resulting in a strong, durable, and lightweight product suitable for various interior and exterior applications. FCBs are known for their excellent resistance to fire, moisture, insects, and rot, making them ideal for use in both residential and commercial construction projects. Moreover, fiber cement boards offer versatility in design, allowing for easy customization and installation in diverse architectural styles and applications, including siding, roofing, flooring, and cladding. The proven performance, longevity, and aesthetic appeal of fiber cement boards solidify their position as the largest segment in the Cement Board market, favored by builders, architects, and homeowners alike for their reliability and versatility in construction projects.

Cement Board Market Share Analysis: Exterior and Partition Walls Application is poised to register the fastest CAGR over the forecast period

Within the Cement Board market, the Exterior and Partition Walls application is the fastest-growing segment, propelled by evolving construction trends and increasing demand for durable and versatile building materials. Cement boards are highly suitable for exterior walls and partitioning due to their strength, durability, and resistance to various environmental factors such as moisture, fire, and pests. As urbanization accelerates and populations grow, there is a growing need for efficient and sustainable building solutions that can withstand diverse climatic conditions. Cement boards offer superior performance as exterior cladding, providing structural support, insulation, and aesthetic appeal to buildings. Additionally, the rising trend towards prefabricated construction and modular building systems further drives the demand for cement boards in partition walls, where their lightweight nature and ease of installation offer significant advantages. With the increasing focus on energy efficiency, durability, and aesthetics in modern construction projects, the Exterior and Partition Walls application is expected to sustain its rapid growth momentum in the Cement Board market.

Cement Board Market Share Analysis: Residential segment generated the highest revenue in 2024

Within the Cement Board market, the Residential end-user segment is the largest, primarily due to the substantial demand for cement boards in residential construction projects. Cement boards find extensive usage in residential applications such as flooring, exterior siding, roofing, partition walls, and decorative cladding. In residential construction, cement boards offer numerous benefits including durability, moisture resistance, fire resistance, and versatility in design. They are commonly used in bathrooms, kitchens, and other high-moisture areas where traditional materials like gypsum board do not perform as effectively. Additionally, the growing trend towards eco-friendly and sustainable building materials further drives the adoption of cement boards in residential construction, as they are made from renewable and recyclable materials. With the steady growth in housing construction, fuelled by population growth, urbanization, and housing development initiatives, the Residential end-user segment maintains its dominance in the Cement Board market.

Cement Board Market

By Product
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
Others
By End-User
Residential
Commercial
Industrial
InstitutionalCountries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Cement Board Companies Profiled in the Study

BetonWood SRL
Cembrit Holding A/S
Compagnie de Saint-Gobain SA.
Elementia Materials
Etex Group
Everest Industries Ltd
GAF Materials Corporation
HIL Ltd
James Hardie Industries PLC
Johns Manville
Knauf Gips KG
NICHIHA Co. Ltd
*- List Not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Cement Board Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Cement Board Market Size Outlook, $ Million, 2021 to 2032
3.2 Cement Board Market Outlook by Type, $ Million, 2021 to 2032
3.3 Cement Board Market Outlook by Product, $ Million, 2021 to 2032
3.4 Cement Board Market Outlook by Application, $ Million, 2021 to 2032
3.5 Cement Board Market Outlook by Key Countries, $ Million, 2021 to 2032

4 Market Dynamics
4.1 Key Driving Forces of Cement Board Industry
4.2 Key Market Trends in Cement Board Industry
4.3 Potential Opportunities in Cement Board Industry
4.4 Key Challenges in Cement Board Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Cement Board Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Cement Board Market Outlook by Segments
7.1 Cement Board Market Outlook by Segments, $ Million, 2021- 2032
By Product
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
Others
By End-User
Residential
Commercial
Industrial
Institutional

8 North America Cement Board Market Analysis and Outlook To 2032
8.1 Introduction to North America Cement Board Markets in 2024
8.2 North America Cement Board Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Cement Board Market size Outlook by Segments, 2021-2032
By Product
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
Others
By End-User
Residential
Commercial
Industrial
Institutional

9 Europe Cement Board Market Analysis and Outlook To 2032
9.1 Introduction to Europe Cement Board Markets in 2024
9.2 Europe Cement Board Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Cement Board Market Size Outlook by Segments, 2021-2032
By Product
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
Others
By End-User
Residential
Commercial
Industrial
Institutional

10 Asia Pacific Cement Board Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Cement Board Markets in 2024
10.2 Asia Pacific Cement Board Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Cement Board Market size Outlook by Segments, 2021-2032
By Product
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
Others
By End-User
Residential
Commercial
Industrial
Institutional

11 South America Cement Board Market Analysis and Outlook To 2032
11.1 Introduction to South America Cement Board Markets in 2024
11.2 South America Cement Board Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Cement Board Market size Outlook by Segments, 2021-2032
By Product
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
Others
By End-User
Residential
Commercial
Industrial
Institutional

12 Middle East and Africa Cement Board Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Cement Board Markets in 2024
12.2 Middle East and Africa Cement Board Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Cement Board Market size Outlook by Segments, 2021-2032
By Product
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
Others
By End-User
Residential
Commercial
Industrial
Institutional

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
BetonWood SRL
Cembrit Holding A/S
Compagnie de Saint-Gobain SA.
Elementia Materials
Etex Group
Everest Industries Ltd
GAF Materials Corporation
HIL Ltd
James Hardie Industries PLC
Johns Manville
Knauf Gips KG
NICHIHA Co. Ltd

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Product
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
Others
By End-User
Residential
Commercial
Industrial
Institutional
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)