The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Growing residential and commercial building will promote innovation in cement board manufacturing, propelling the market during the forecast period.

The global cement board market is expected to grow from $7.31 billion in 2022 to $7.73 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The global cement board market size is expected to reach $9.50 billion in 2027 at a CAGR of 5.3%.

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Global Cement Board Market Segments Include:

• By 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
• By End User: Residential, Commercial, Industrial And Institutional
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global cement board market in 2021.

Major Market Players in the cement board market include BetonWood SRL, Cembrit Holding AS, Everest Industries Limited, Etex Group, Elementia Materiales SAB de CV, HIL Limited, GAF Materials Corporation, James Hardie Industries PLC.

Product innovations are the most prominent trends in the cement board market. Companies in the cement board market are embracing novel technologies in order to maintain their market position. For example, in January 2020, National Gypsum Company, a plasterboard gypsum board manufacturer based in the United States, introduced PermaBASE® WP Waterproof Cement Board. PermaBASE WP is intended for use in damp locations such as around tubs and showers. Extra waterproofing coating is not necessary when using this solution and treating fastener heads and joints. EdgeTech® strengthened edge, moisture and mould resistance, and other qualities are among the highlights.

The Cement Board Global Market Report 2023  provides a cement board market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cement board market forecast analyzes cement board market size, cement board market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Cement board, also known as back board, is a thin layer of concrete covered on both sides with a fibreglass mesh. The porous quality of the boards after drying makes them easily adhere to grout and mortar. Cement boards are both heat and fire resistant, and they are used to strengthen the impact resistance and strength of the wall surface.

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