According to Stratistics MRC, the Global Cement Board Market is accounted for $570.06 million in 2022 and is expected to reach $865.14 million by 2028 growing at a CAGR of 7.2% during the forecast period.
Cement boards are a flexible building material made from naturally available minerals and diverse fibres. They have a high level of durability and impact resistance. These boards are mostly utilized in the building industry because of their fire resistance, acoustic performance, ease of handling, and installation process. They are also resistant to termites and vermin.
Cement board is in high demand because it has advantages over conventional building materials, such as excellent durability and impact resistance. Furthermore, these boards are an environmentally sustainable alternative that is resistant to water, fire, vermin, and fungus. Cement boards are also used in lessening the time and area needed for construction.
By geography, North America is anticipated to hold the highest share during the forecast period .Owing to the increasing construction activities in the country. The growing residential and commercial construction sectors in the country are expected to drive the demand for cement boards, during the forecast period.
Some of the key players profiled in the Cement Board Market include Atermit, BetonWood SRL, Cembrit Holding AS, Everest Industries Limited, Etex Group, Elementia Materials, FRAMECAD, GAF, Hil Limited, Hekim Yapi, Johns Manville, James Hardie, Kmew, Knauf Gips KG, LTM LLC, Lato JSC, Nichiha, Penny Panel, Saint-Gobain, Soben board, Taisyou , TEPE Betopan
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By Product Type:
- 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
- Permanent Shuttering
- Fire Resistant Construction
- Other Applications
- Industrial and Institutional
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