Market Size of Cement Board Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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Cement Board Market Analysis
The global cement board market size is estimated at 606.68 million square meters in 2023. It is expected to reach 778.40 million square meters by 2028, registering a CAGR of 5% during the forecast period (2023-2028).
For the next few years, the rising residential construction worldwide and desirable properties of impact resistance and durability are major factors driving the market's growth.
On the other hand, the high initial cost compared to its traditional counterparts is a key factor anticipated to restrain the growth of the target industry over the forecast period.
Nevertheless, the rising trends for aesthetic improvement are likely to create lucrative growth opportunities for the global market soon.
Asia-Pacific is estimated to witness healthy growth over the assessment period in the cement board market.
