Cement Board Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market is segmented by Product (Fiber Cement Board, Wood Wool Cement Board, Wood Strand Cement Board, and Cement Bonded Particle Board), Application (Furniture, Construction, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Market Snapshot

cement board market share
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: <5.5 %
cement board market key players

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Market Overview

The market for cement board market is expected to register a CAGR of around 5.5% during the forecast period. Major factors driving the market studied are desirable properties of impact resistance and durability of the cement board.

  • The high initial cost in comparison to its traditional counterparts is likely to act as a restraint to the market studied.
  • Asia-Pacific and North-America to dominate the market.

Scope of the Report

The cement board market report includes:

Fiber Cement Board (FCB)
Wood Wool Cement Board (WWCB)
Wood Strand Cement Board (WSCB)
Cement Bonded Particle Board (CBPB)
Exterior and Partition Walls
Columns and Beams
Facades, Weatherboard, and Cladding
Acoustic and Thermal Insulation
Other Constructions
Other Applications
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand from Fiber Cement Board

  • Fiber Cement boards (FCB) are panel boards, where there is fiber reinforcement with cement, which contributes to making the fiber-cement material even stronger. Together with a carefully planned production process, fiber cement makes it possible to develop strong and long-lasting construction materials.
  • Today, fiber cement is considered as a material physically suited for construction products, such as cladding and roofing. It is primarily due to its function, performance, and commercial value.
  • Fiber-cement products have found wide usage in various sectors of construction: industrial, agricultural, domestic and residential buildings, mainly in roofing and cladding applications, for new constructions and refurbishment projects.
  • FCB is the fastest emerging panel boards globally, supported by increasing manufacturing capacities. With increasing awareness among contractors-carpenters and other input providers, the market is expanding very fast, and is expected to remain the same during the forecast period.
cement board market trends

North America to Dominate the Market

  • The United States dominated the North American cement board market, owing to the increasing construction activities in the country.
  • The United States is the world’s largest and most powerful economy in the world, with a per capita income of around USD 60,200.
  • The growing residential and commercial construction sectors in the country are expected to drive the demand for cement boards, during the forecast period.
  • The US residential sector’s growth is slower than the non-residential sector. In the country, the growing population is expected to boost the demand for housing. Furthermore, about 20 million households are projected to be constructed over the next decade. The US commercial construction sector is expected to witness growth in the next few years.
  • Furthermore, the Canadian construction industry is witnessing growth in a few major cities, such as Toronto and Vancouver. In these cities, developers are registering good profits on investment, mainly with high-density residential projects.
  • Therefore from the above mentioned points the demand for cement board is expected to increase during the forecast period.
cement board market growth

Competitive Landscape

The cement board market is fragmented in nature. Some of the major players of the market are James Hardie Building Products Inc., CERTAINTEED, Owens Corning, GAF, and Johns Manville, among others.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Desirable Properties of Impact Resistance and Durability

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 High Initial Cost in Comparison to its Traditional Counterparts

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Product

      1. 5.1.1 Fiber Cement Board (FCB)

      2. 5.1.2 Wood Wool Cement Board (WWCB)

      3. 5.1.3 Wood Strand Cement Board (WSCB)

      4. 5.1.4 Cement Bonded Particle Board (CBPB)

    2. 5.2 Application

      1. 5.2.1 Furniture

        1. Residential

        2. Commercial

      2. 5.2.2 Construction

        1. Flooring

        2. Exterior and Partition Walls

        3. Roofing

        4. Columns and Beams

        5. Facades, Weatherboard, and Cladding

        6. Acoustic and Thermal Insulation

        7. Other Constructions

      3. 5.2.3 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East & Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle East & Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BetonWood Srl

      2. 6.4.2 BNBM Suzhou Co. Ltd

      3. 6.4.3 CERTAINTEED

      4. 6.4.4 Everest Industries Ltd

      5. 6.4.5 GAF

      6. 6.4.6 HIL Limited

      7. 6.4.7 James Hardie Building Products Inc.

      8. 6.4.8 Johns Manville

      9. 6.4.9 Knauf Gips KG

      10. 6.4.10 Owens Corning

    5. *List Not Exhaustive

**Subject to Availability

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Frequently Asked Questions

The Cement Board Market market is studied from 2016 - 2026.

The Cement Board Market is growing at a CAGR of <5.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

James Hardie Building Products Inc., CERTAINTEED, Owens Corning, GAF, Johns Manville are the major companies operating in Cement Board Market.

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