Press release
Cement Board Market: Global Forecast and Growth Drivers, 2024-2025
Cement board Market Size
What Is The Projected Market Size Of The Global Cement Board Market And Its Growth Rate?
• The cement board market has experienced strong growth recently.
• It is expected to grow from $8.15 billion in 2024 to $8.6 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%.
• This growth can be attributed to increasing construction and infrastructure, preferences for durable and fire-resistant materials, environmental concerns and sustainability, urbanization trends, and regulatory standards and building codes.
What Is Driving The Growth In The Cement Board Market?
The key growth factor for the Cement Board Market is the surging demand for both residential and commercial construction. Cement boards, owing to their durability, fire-resistance, and versatility, are extensively used in construction projects. Not just for construction, these boards even help in home aesthetic improvement, lending houses a modern, sleek look. The trend of home aesthetic improvement among homeowners has given a significant boost to the cement board market.
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Who Are the Key Players Driving Cement Board Market Growth?
The market is geared by the demand for aesthetic home improvements. The decision to enhance homes with inviting, visually appealing choices has resulted in:
• Surges in home improvement projects
• Increased spending on such projects, with the average homeowner spending around $1753 on these ventures
What Are The Key Trends In The Cement Board Market?
Key trends in the Cement Board Market include:
• Strong growth in recent years
• Projection of the market size to reach $8.6 billion in 2025, increasing at a CAGR of 5.5%
• Predilection towards durable, fire-resistant materials leading to increased demand
• The impact of regulatory standards and building codes on the market trends
What Are The Segments Of The Global Cement Board Market?
• Product Type: Fiber Cement Board (FCB), Wood Wool Cement Board (WWCB), Wood Strand Cement Board (WSCB), Cement Bonded Particle Board (CBPB)
• Application: Flooring, Exterior and Partition Walls, Roofing, Columns and Beams, Facades, Weatherboard, and Cladding, Acoustic and Thermal Insulation, Other Applications
• End User: Residential, Commercial, Industrial and Institutional
Which Region Leads The Cement Board Market?
The Swisspearl Group, a Switzerland-based manufacturer, had a major success with its acquisition of Cembrit in June 2022. This was a significant strategic move to expand its international market presence and increase production sites, underscoring the global demand for cement boards.
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What Is Covered In The Cement Board Market Global Market Report?
- Market Size Analysis: Analyze the Cement Board Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cement Board Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cement Board Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cement Board Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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