The scope of our recent study on the “Cement Board Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type, Application, and End-Use” includes the factors fueling the market growth, revenue estimation and forecast, market share analysis, and the identification of significant market players and their key developments.

The cement board market size is expected to grow from US$ 23,616.63 million in 2022 to US$ 35,473.56 million by 2028; it is estimated to record a CAGR of 7.0% from 2022 to 2028. Fiber cement board and cement bonded particle board are types of cement board. Cement bonded particle boards have high stiffness, high fire resistance, high resistance to atmospheric agents and excellent acoustic insulation properties. They are largely used in flooring, facade, wall cladding, gates, roofing, and other construction products.  

Based on end-use, the global cement board market is segmented into residential and non-residential. The non-residential segment held a larger cement board market share in 2022. Cement boards are used as wall cladding in nonresidential buildings. The boards are also utilized in roofing, siding, façade, flooring, etc. 

The global cement board market is segmented into five main regions—North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. Asia Pacific held the largest revenue share of the global cement board market in 2022. Major factor driving the cement board market in Asia Pacific is the increase in construction activities.

Impact of COVID-19 Pandemic on Cement Board Market

The COVID-19 pandemic negatively affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The construction industry suffered serious disruptions in supply chains, and many construction projects were shut down during the initial phases of the pandemic. In 2021, the global marketplace started recovering from the losses as governments of different countries announced relaxation in the lockdown restrictions. Manufacturers were permitted to operate at full capacity, which helped them overcome the demand-supply gap. Moreover, rising vaccination rates contributed to improvements in the overall conditions in different countries, which led to conducive environments for industrial and commercial progress. Further, the increasing building and construction activities in Europe, North America, and Asia Pacific bolstered the demand for cement boards.

The report includes the segmentation of the global cement board market as follows: 

The global cement board market is segmented on the basis of product type, application, and end-use. Based on product type, the market is segmented into fiber cement board and cement bonded particle board. Based on application, the global cement board market is segmented into roofing, outside siding or façade, and others. Based on end-use, the market is bifurcated into residential and non-residential. By geography, the global cement board market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America cement board market is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific cement board market is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America cement board market is further segmented into Brazil, Argentina, and the Rest of South & Central America. 

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