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 top competitors.
Cement boards are used as a backing for?tiles. They are water resistant and are typically preferred in areas that are prone to water exposure. Cement boards add strength to various supporting structures. The various instances where cement boards are used include making place for new tiles on existing wood floors, on top of cabinets to create counter tops, and on walls for providing a substrate for the application of plaster. Various types of cement boards such as?fiber cement boards, wood wool cement boards, and wood strand cement boards are used in a wide range applications.
The global cement boards market is expected to witness moderate growth in the next few years. The growth of the construction industry, urbanization, and modernization demand highly durable and impact-resistant cement boards. These factors are projected to create favorable scenario for the growth of cement boards market.
Cement Boards Market: Dynamics
Increasing population, job-driven migration, and improving purchasing power in emerging economies is driving rapid urbanization. Such mass urbanization demands construction of new residential, commercial and public infrastructure. Cement boards provide durable structure to buildings and construction projects. Key beneficial properties of cement boards include fire resistance, moisture resistance, impact resistance, and easy to handle and install. These properties make them preferable for various applications 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 use of cement boards.
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Various types of cement boards such as fiber cement boards, wood wool cement boards, wood strand cement boards, and cement bonded particle boards make them suitable for different climatic conditions, and also for various applications such as permanent shuttering and the insulation of concrete. There are opportunities for growth in the cement board industry, such as the need for durable building products in areas prone to natural disasters. Also, environmental policies regarding reduced hazardous chemicals make cement boards even more preferable than concrete. Cement boards are environment friendly, and low-carbon cement product alternative.
However, the comparatively higher initial costs of cement boards and the fact that they are also bulky in weight can restrain its market growth to some extent.
Cement Boards: Market Participants
Some of the leading players in the cement boards market include 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.
These market players focus on innovation in production technologies to improve their efficiency and expand their sales in the global market by investing in new distribution channels. Market players partner with various solution providers to launch new products in the market. For instance, James Hardie Building Products Company partnered with a homebuilder company, Colorado-based Century Communities, in October 2018.
Cement Boards Market: Regional Overview
Increasing population, presence of several fast growing economies, and urbanization is leading to the growth of the building & construction industry in Asia Pacific. Due to the healthy growing rate of the construction industry, Asia Pacific is estimated to witness significant growth in the cement boards market. 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 fiber cement boards and cement bonded particle boards.
The construction industry 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 commercial sector in Europe primarily drive the cement boards markets in these regions.
The Cement Boards report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report on Cement Boards provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on Cement Boards market segments and geographies.
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Cement Boards Market: Segmentation
Depending upon the construction type, the cements boards market can be segmented as:
Based on type, the cement boards market can be segmented as:
Depending upon application, the cement boards market can be segmented as:
Report Highlights:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
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Oct 21, 2022
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