Press release
Tile Backer Board Market Global Forecast over 2024 - 2031 | Georgia-Pacific Wood Products LLC, PCS Board
Tile Backer Board Market
The global tile backer board market is estimated to be valued at USD 2.38 Bn in 2024 and is expected to reach USD 3.16 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.
Market Dynamics:
The tile backer board market is witnessing high growth owing to increasing renovation and construction activities across both residential and commercial sectors globally. Renovation and remodeling have gained popularity in developed economies as people are spending more on home improvement. Also, rapid urbanization and growing disposable income in developing countries have increased focus on home decor and aesthetics, driving the need for tile backer boards. Furthermore, tile backer boards offer advantages over traditional drywall such as moisture resistance and ability to create even surfaces, making them suitable for bathrooms and other wet areas where tiles are commonly used. This has augmented their demand over the forecast period.
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Spread of Alternatives can Pose a Threat
While tile backer boards have certain functional advantages over conventional drywall or cement board, some new alternatives have emerged which threatentheirmarket position. For example, cement-fiber boards are gaining popularity for their moisture resistance without grout lines. Similarly, glass block walls are also becoming a substitute for tiled walls in wet areas due to their waterproof and visually appealing properties. These substitutes score over tile backer boards in certain performance metrics. If their production scales up further and brand visibility increases, they could eat into the sales volumes of conventional tile backer boards to some extent. This remains a challenge for industry players to address going ahead.
Rise of E-Commerce Creates Untapped Revenue Potential
The construction materials industry has traditionally relied majorly on brick-and-mortar distribution channels. However, the rapid growth of e-commerce has opened up new opportunities for companies to boost sales. While tile backer boards have so far seen limited online trade, there exists vast scope for manufacturers as well as specialized B2B platforms to tap into the e-commerce opportunity. An increasingly tech-savvy customer base accustomed to shopping online even for industrial goods is adding to the potential. Interactive websites, lowered delivery costs, mobile compatibility and engagement on social media can help brands establish an interactive digital presence. This remains an avenue waiting to be leveraged for greater market outreach and higher revenues.
Increasing Do-It-Yourself Consumption Trend Bodes Well
Over the past decade, do-it-yourself (DIY) home improvement projects have picked up big time amongst consumers. People now spend considerable time and money on self-renovation of living spaces rather than relying on contractors for everything. This has boosted retail consumption of various building materials to a large extent. Wall and floor tile installation is one of the most common small jobs taken up independently by homeowners. Reliable prefabricated tile backer boards have thus become very convenient for DIY projects. Manufacturers are additionally able to tap expanding retail channels. If DIY culture continues flourishing across global household demographics, tile backer board sales from hardware and home stores are set to climb steadily in the coming years.
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Top Companies Featured in This Report:
★ Georgia-Pacific Wood Products LLC
★ PCS Board
★ James Hardie Building Products Inc.
★ wedi GmbH
★ USG Corporation
★ Johns Manville
★ National Gypsum
★ Cembrit Holding A/S
★ CertainTeed
★ Schluter Systems
★ Tortuga
★ Ramco Hicem
★ VipaBoard
★ Hangzhou Tyco Industrial Co., Ltd.,
★ ZMARTBUILD
Market Segmentation:
By Product Type:
★ By Size: 1/4 Board, 3/8 Board, 1/2 Board, and 5/8 Board
★ By Form: Heavy Duty Cement Fiber Boards, Lightweight Cement Coated Foam Boards, and Others
By Applications:
★ By Application: Residential, Commercial, and Industrial
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Tile Backer Board Market Market Competition Landscape by Players
Chapter 4: Assessment of Tile Backer Board Market Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Tile Backer Board Market sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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