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Cement Board Market Overview 2023 - High Growth Rate, Business Outlook, Top Companies, Size, Share And Trend Analysis || BetonWood SRL, Cembrit Holding AS, Everest Industries Limited, Etex Group, Elementia Materiales SAB de CV
Cement Board Market
Cement Board Market Size, Growth Rate, And Forecast
The global cement board market size 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. 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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Cement Board Market Drivers
The growing residential and commercial construction is expected to propel the growth of the cement board market going forward. Residential construction refers to construction of private dwelling residential space whereas commercial construction refers to the design and modelling of properties for commercial use. The cement boards are installed in a diagonal or lateral arrangement to safeguard the building's foundation in residential and construction. Hence, the increasing residential and commercial construction sector is boosting the sales of cement boards. For instance, according to the United States Census Bureau, a US-based principal agency of the federal statistical system, in February 2023, the number of privately owned housing units were 1,524,000 on a seasonally adjusted yearly basis, an increase of 13.8% from January 2023. Therefore, the growing residential and commercial construction is driving the growth of the cement board market.
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Cement Board Market Segments
• 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: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the cement board market.
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Cement Board Market Key Players
Major competitors in the cement board market are BetonWood SRL, Cembrit Holding AS, Everest Industries Limited, Etex Group, Elementia Materiales SAB de CV, HIL Limited, GAF Materials Corporation, James Hardie Industries PLC.
The Business Research Company's "Global Cement Board Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Cement Board Market Include:
1. Executive Summary
2. Cement Board Market Characteristics
3. Cement Board Market Trends And Strategies
4. Cement Board Market - Macro Economic Scenario
5. Cement Board Market Size And Growth
………………
27. Cement Board Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cement Board Market
29. Cement Board Market Future Outlook and Potential Analysis
30. Appendix
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