Global Cement Boards Market Size Will Escalate to USD 19,129 Million in 2026
Cement board is composed of aggregated Portland cement with a glass-fiber mesh on the surfaces. This 5/16 inch (7.9 mm) thick cement board is designed as an underlayment for tile floors. These are 3 by 5-foot (91 by 152 cm) sheets.
Market Insights
The study projects that the Cement Boards market will register a 6.14% CAGR in terms of revenue, which is expected to reach USD 19,129 million in 2026 from USD 12,605 million in 2019.
The cement boards market growth is driven by the growing application sectors, involving construction and furniture. The ever-increasing global population, supported by their improved purchasing power are driving factors for rapid urbanization. This urbanization demands for a better infrastructure, both, at the residential and commercial level. This, in turns, is also anticipated to fuel the growth of the cement boards market. In addition, the cement board is made of a mixture of cement, water and reinforcing fibers or particles, which can provide lasting structural stability for any building and construction project. These materials are resistant to impact, fire, moisture, insects, and fungi, and are easy to operate and install. These factors promote their use in floors and roofs, ceilings, exterior walls and partitions, facades, cladding, prefabricated houses, fire-resistant furniture, etc.
However, significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition.
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Competitive Outlook
We tend to believe that this industry is a new one, and the consumption growth will show a stable growth curve. Prices fluctuate according to economic development and international competition. In addition, gross profit margin also fluctuates. At the same time, optimize the product mix, further develop value-added capabilities and maximize profits. Manufacturers can take advantage of this situation by strengthening their production units and supply chains to avoid any delays in production turnaround time (TAT) and supply-delivery time.
The major global Cement Boards market competitors include James Hardie, Etex Group, Cembrit, Mahaphant, Elementia, Everest Industries, Saint-Gobain, Hume Cemboard Industries, Taisyou, Soben board, SCG Building Materials, Kmew, PENNY PANEL, Nichiha, Lato JSC, and etc.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Therefore, they occupy most of the market share of the high-end market. Looking forward to the next few years, the downward trend of prices will remain unchanged in recent years. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
Type Outlook
• Fiber Cement Board
• Cement Bonded Particle Board
• Wood Based Cement Board
• Others
The Fiber Cement Board (FCB) segment is projected to enjoy the largest usage share in the cement board market. The fiber cement board (FCB) consists of fibers reinforced with cement and optional additives, such as silicon powder, metakaolin, fly ash, calcium silicate, defoaming agent, etc. The strength of FCB depends on the composite fiber. Synthetic fibers, such as Kevlar produce the strongest board. Fiber cement boards are resistant to impact, fire, moisture, and are relatively easy to handle due to their low weight. Due to these properties, they are used in roofing, exterior & partition walls, floorings, undelays, facades, claddings, prefabricated houses, etc. In addition, it is also identified as a green building material, as it contains no harmful substances, hence, is a preferred choice for indoor applications as well.
Application Outlook
• Commercial Buildings
• Residential Buildings
• Others
Regions Covered in the Report:
North America (United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Denmark, Finland, Iceland, Norway and Sweden, Spain, Belgium, Poland, Russia, Turkey, and Others)
Asia-Pacific (China, Japan, India, South Korea, Australia, New Zealand, Indonesia, Thailand, Malaysia, Singapore, Philippines, Vietnam, and Others)
Latin America (Brazil, Argentina, Peru, Chile, and Others)
Middle East & Africa (GCC Countries, Southern Africa, and North Africa)
Asia-Pacific is the largest sales volume market for cement board, with a revenue market share nearly 41.21% in 2018. The next is Europe and North America, accounting for 25.12% and 24.68% respectively. Asia-Pacific is anticipated to witness the strongest growth rate during the forecast period. The largest revenue segment is construction, followed by furniture. The Asia-Pacific region is currently experiencing high investments in residential and commercial construction, especially in China, Japan, Taiwan, and South Korea, and in developing economies, such as India, Malaysia, Indonesia, and Vietnam. All of these factors are likely to be supported by the ever-increasing population in the region, urbanization, and their increasing purchasing power. In addition, regulations in VOC emissions are being implemented in many parts of the Asia Pacific region, which may also promote the use of cement slabs such as fiber cement board (FCB) and cement bonded particleboard (CBPB).
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The research report provides in-depth analysis on:
• The estimation of the growth rate, market size and share of the Cement Boards Market throughout the forecast period.
• The assessments for the regional market layout characteristics in the world.
• The SWOT of the Cement Boards Market.
• Leading manufacturers’ profiles, product features, business features, target customer features.
• Significant trends for the growth prospects of the Cement Boards Market by 2026.
• The report tracks detailed information about merges, innovations, policies and recent developments in the industry.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Cement Boards Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Cement Boards Market by Types
4 Segmentation of Cement Boards Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Cement Boards Market in Major Countries
7 North America Cement Boards Landscape Analysis
8 Europe Cement Boards Landscape Analysis
9 Asia Pacific Cement Boards Landscape Analysis
10 Latin America, Middle East & Africa Cement Boards Landscape Analysis
11 Major Players Profile
11.1 James Hardie
11.1.1 James Hardie Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Etex Group
11.3 Cembrit
11.4 Mahaphant
11.5 Elementia
11.6 Everest Industries
11.7 Saint-Gobain
11.8 Hume Cemboard Industries
11.9 Taisyou
11.10 Soben board
11.11 SCG Building Materials
11.12 Kmew
11.13 PENNY PANEL
11.14 Nichiha
11.15 Lato JSC
…
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2019 to 2026
Target Audience:
Cement Boards manufacturers
Distributors and resellers of Cement Boards
Cement Boards end-user sectors
Raw material suppliers of Cement Boards
Cement Boards industry associations
Product managers, Cement Boards industry administrator, C-level executives of the industries
Market research and consulting firms
Small and Medium-sized Enterprises (SMEs)
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