India Cement Boards Market is Expected to Register a 9.89% CAGR Through 2031

Growth in Urbanization & Infrastructure Development and Rising Awareness of Moisture & Fire-Resistant Materials are likely to propel the market during the forecast period.

According to TechSci Research report, “India Cement Boards Market – By Region, Competition, Forecast and Opportunities, 2021-2031F”, India Cement Boards Market was valued at USD 222 Million in 2025 and is expected to reach USD 394 Million by 2031 with a CAGR of 9.89% during the forecast period.

Sustainability is becoming a defining trend in the Indian construction industry, and it is reshaping the demand for building materials, including cement boards. As awareness of climate change, energy efficiency, and resource conservation grows, developers and architects are prioritizing eco-friendly solutions. Cement boards, particularly those manufactured using recycled content or low-carbon processes, are well positioned to meet this demand.

Green building standards like IGBC (Indian Green Building Council), GRIHA, and LEED are being increasingly adopted in India, especially for commercial and institutional buildings. These frameworks encourage the use of low-emission, durable, and recyclable materials. Cement boards often score high in these criteria due to their long service life, fire resistance, and low maintenance needs. Some variants are even made with industrial by-products like fly ash, further enhancing their sustainability credentials.

Eco-conscious consumers—especially in the urban middle and upper classes—are starting to consider sustainability in their housing choices. Builders are responding by marketing “green homes” and using materials like cement boards to strengthen their environmental claims. As this awareness continues to spread, especially through real estate branding and regulatory incentives, cement boards are likely to see broader adoption.

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Based on Thickness & Dimension, In 2025, the 8–12 mm segment held a dominant share of the India Cement Boards Market, emerging as the leading category by thickness and dimension. This dominance is expected to continue throughout the forecast period from 2026 to 2031, driven by the segment’s ideal balance of strength, weight, and adaptability across various construction applications.

The 8–12 mm cement boards offer sufficient structural integrity for both residential and commercial uses, while remaining lightweight enough for easy handling, installation, and transportation. This balance makes them a preferred choice for partition walls, ceilings, external cladding, and tile backer boards, particularly in wet areas like bathrooms and kitchens.

A key factor propelling this segment’s growth is its versatility. The boards can withstand moisture, fire, and temperature changes, making them suitable for both interior and exterior use. Their compatibility with a range of finishes and ability to be cut or shaped on-site further enhance their utility.

India’s ongoing urbanization, rising real estate activity, and infrastructure development have amplified the demand for reliable and cost-effective building materials. Moreover, as sustainable construction gains momentum, 8–12 mm cement boards are increasingly being favored over traditional wood-based alternatives due to their eco-friendly attributes and longer lifespan. The 8–12 mm segment is set to remain the cornerstone of the India Cement Boards Market, thanks to its durability, efficiency, and all-around performance across diverse construction scenarios.

Based on region, North India has emerged as the fastest-growing regional market for cement boards, driven by a combination of robust construction activity, urban expansion, and favorable government policies. Major cities like Delhi, Noida, Gurugram, Chandigarh, and Jaipur have witnessed rapid urbanization, resulting in a surge of residential, commercial, and institutional construction. Cement boards, known for their durability, fire resistance, and moisture protection, are increasingly being adopted in these fast-paced developments where quality and speed are critical.

The region's climate also plays a role. North India experiences extreme weather conditions—hot summers, cold winters, and in some areas, high humidity. Cement boards, with their superior thermal insulation and resistance to warping, offer a practical solution for long-lasting structures in such variable climates. Their use in roofing, external cladding, and interior partitions has grown particularly in mid to high-end construction projects.

Government-led infrastructure initiatives, such as smart city developments in cities like Varanasi and Amritsar, and large-scale housing schemes under “Pradhan Mantri Awas Yojana” (PMAY), have further accelerated demand. Builders in North India are increasingly adopting dry construction techniques to meet project deadlines and ensure compliance with evolving safety and sustainability norms—areas where cement boards outperform traditional materials. Furthermore, greater awareness among architects, engineers, and contractors about the benefits of cement boards has led to higher adoption rates in the region. Combined with expanding distribution networks and increased availability of skilled labor, these factors have positioned North India as the fastest-growing market within the country.

Major companies operating in the India Cement Boards Market are:

• HIL Limited
• Visaka Industries Limited
• Everest Industries Limited
• Sahyadri Industries Limited (Eco-Pro)
• NCL Industries Limited
• Ramco Industries Limited
• SCG Fiber Cement Board (ZMARTBUILD)
• Wedge India

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“The India cement boards market presents significant growth opportunities driven by rapid urbanization, increased infrastructure development, and a shift toward sustainable and efficient construction practices. Rising demand for moisture- and fire-resistant materials in both residential and commercial projects, along with the expansion of prefabricated and dry construction methods, is fueling market adoption. Government initiatives promoting affordable housing and smart cities further support market expansion. Additionally, growing awareness of green building practices and innovations in product design enhance the appeal of cement boards. These factors collectively position the sector for sustained growth across diverse construction and renovation segments in the coming years.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

“India Cement Boards Market, By Product Type (Fiber Cement Board, Wood Wool Cement Board, Wood Strand Cement Board, Cement Bonded Particle Board), By End Use (Residential, Commercial, Industrial, Infrastructure), By Application (Partition Walls, Roofing, Flooring, External Cladding / Facade, Prefabricated Buildings, Others), By Thickness & Dimension (4–6 mm, 8–12 mm, 16–20 mm, Others), By Category (Standard Density Boards, High Density Boards, Low Density Boards) By Region, Competition, Forecast & Opportunities, 2021-2031F”, has evaluated the future growth potential of India Cement Boards Market and provides statistics & information on Market size, structure and future Market growth. The report intends to provide cutting-edge Market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India Cement Boards Market.

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