Navigating the Future: Cement board Market Trends and Forecast Insights, 2025 Edition

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Cement board Market Size Growth Forecast: What to Expect by 2025?
In the last few years, the cement board market has witnessed a stable expansion. It is set to increase from a $8.15 billion market size in 2024 to $8.49 billion in 2025, recording a compound annual growth rate (CAGR) of 4.2%. Various factors contributed to its growth in the historic period such as burgeoning construction and infrastructure, the rise in preference for sturdy and fire-resistant materials, environmental issues and sustainability, trending urbanization, along with regulatory standards and construction codes.

How Will the Cement board Market Size Evolve and Grow by 2029?
Anticipated robust growth in the cement board market may elevate it to a value of $10.81 billion by 2029, with a compound annual growth rate (CAGR) of 6.2%. This expansion in the projected time frame can be credited to the increasing need for high-quality construction materials, the emphasis on energy-efficient buildings, innovative architectural design, a surge in residential constructions, and resistance to severe weather. Dominant trends predicted for this period encompass the enforcement of building regulations and standards, benefits in tackling moisture and mold, burgeoning market in emerging locations, the trend towards pre-fabrication and modular construction, and digital advancements in manufacturing procedures.

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What Drivers Are Propelling the Growth of Cement board Market Forward?
The expansion of residential and commercial building projects is predicted to spur the cement board market's advancement. Residential construction involves the creation of private housing spaces, while commercial construction pertains to the planning and shaping of properties for commercial purposes. To protect the building's base, cement boards are fitted in a diagonal or crosswise manner in both residential and construction projects. Consequently, the rise in residential and commercial construction industry is elevating cement board sales. For example, the United States Census Bureau, America's leading federal statistical agency, reported in February 2023 that the total number of privately owned housing units seasonally adjusted on an annual basis was 1,524,000, marking an ascension of 13.8% from January 2023. Thus, the expanding residential and commercial construction scopes are propelling the cement board market's progress.

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What Long-Term Trends Will Define the Future of the Cement board Market?
The trend of innovative plants is rapidly gaining traction in the cement board market. To uphold their market positions, companies within this industry are establishing sophisticated plants. For instance, Knauf Group, a construction materials provider based in Germany known for their sustainable gypsum drywall, inaugurated a cement board plant in Chile in April 2023. Representing an investment of US$ 17 million, this plant has a yearly production capacity of 7 million square meters of cement boards. The plant produces a product that is not only lightweight, durable, and water-resistant, suitable for exterior applications, but also fire-resistant and exhibits superior soundproofing qualities.

What Are the Key Segments in the Cement board Market?
The cement board market covered in this report is segmented -

1) By Product Type: Fiber Cement Board (FCB), Wood Wool Cement Board (WWCB), Wood Strand Cement Board (WSCB), Cement Bonded Particle Board (CBPB)
2) By Application: Flooring, Exterior And Partition Walls, Roofing, Columns And Beams, Facades, Weatherboard, And Cladding, Acoustic And Thermal Insulation, Other Applications
3) By End User: Residential, Commercial, Industrial And Institutional

Subsegments:
1) By Fiber Cement Board (FCB): Flat Sheets, Textured Sheets, Pre-formed Panels
2) By Wood Wool Cement Board (WWCB): Standard Boards, Acoustic Boards, Fire-Resistant Boards
3) By Wood Strand Cement Board (WSCB): Standard Boards, Insulated Boards
4) By Cement Bonded Particle Board (CBPB): Standard Boards, Structural Boards, Decorative Boards

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Who Are the Key Players Shaping the Cement board Market's Competitive Landscape?
Major companies operating in the cement board market include BetonWood SRL, Everest Industries Limited, Etex Group Ltd., Elementia Materiales SAB de CV, HIL Limited, GAF Materials Corporation, James Hardie Industries plc, Johns Manville Corp., Nichiha Corporation, Saint-Gobain SA, Atermit AS, LTM Group LLC, Lato OJSC, Soben Board International, Knauf Gips KG, Tepe Betopan AS, Mahaphant India Pvt.Ltd., Hume Cemboard Industries Sdn. Bhd., Visaka Industries Ltd., Allura USA, Swisspearl Group AG, Plycem USA Inc., Maxitile Ltd., American Fiber Cement Corporation, Copalcor Rolled Metals, Taisyou International Business Co. Ltd., SCG Building Materials Co. Ltd., TPI Polene Public Company Limited, Shandong Lutai Building Material Science and Technology Group Co. Ltd.

What Geographic Markets Are Powering Growth in the Cement board Market?
Asia-Pacific was the largest region in the cement board market in 2024. The regions covered in the cement board market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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