Cement Board Market is Expected to grow at a robust CAGR of 5.86% through 2030F

Cement Board Market is increasing due to rising demand for durable, fire-resistant, and moisture-resistant materials in modern and sustainable construction during the forecast period 2026-2030F.

According to TechSci Research report, “Cement Board Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2020-2030F”, The Global Cement Board Market was valued at USD 747.59 million in 2024 and is expected to reach USD 1061.56 million by 2030 with a CAGR of 5.86% during the forecast period.

The cement board market is being propelled by substantial investments in commercial construction projects, particularly in rapidly developing regions like Asia-Pacific and North America. Cement boards are widely used in commercial applications such as office spaces, retail establishments, and hotels due to their durability, fire resistance, and acoustic insulation properties.

The commercial sector accounted for approximately 51% of the cement board market share in 2024, driven by large-scale projects like China’s plan to open 7,000 new shopping centers by 2025 and North America’s surge in hotel construction, with 515 hotels planned for 2024. These projects require materials that meet stringent safety and performance standards, making cement boards a preferred choice.

Additionally, the rise in tourism and business activities has spurred renovation and new construction in the hospitality sector, further increasing demand. The ability of cement boards to provide soundproofing and thermal insulation enhances their appeal for commercial buildings, where occupant comfort and energy efficiency are priorities, driving market expansion..

The Cement Board Market is witnessing growing competition from substitute materials that are often more economical, easier to install, and readily available across regions. Materials such as gypsum boards, magnesium oxide boards, wooden panels, and even polymer-based composites have emerged as strong alternatives to cement boards in various construction applications. These substitutes are widely used in interior construction, partition walls, ceiling systems, and even in certain external cladding applications, depending on environmental conditions and structural requirements. The primary reasons behind the preference for substitutes include their lower cost, lighter weight, and greater ease of handling and cutting during installation.

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Based on End User, In 2024, the residential segment dominated the Cement Board Market by end user and is expected to maintain its dominance throughout the forecast period. This leading position is primarily attributed to the rapid growth in residential construction activities across both developed and emerging economies, driven by increasing urbanization, rising population, and government-supported affordable housing initiatives. Cement boards are widely used in residential buildings for various applications including wall cladding, roofing, ceilings, flooring underlayment, and wet area linings due to their superior resistance to moisture, fire, and pests.

Their lightweight nature and ease of installation further contribute to reduced construction time and labor costs, which makes them particularly attractive for residential developers and contractors. Additionally, the growing preference among homeowners for durable, low-maintenance, and sustainable materials in home construction and renovations has accelerated the demand for cement boards in this segment. Changing lifestyle preferences, the rise in nuclear families, and an increasing number of renovation and home improvement projects—especially post-pandemic—have further boosted the use of cement boards in kitchens, bathrooms, and living spaces. Moreover, cement boards support green building standards, offering enhanced thermal insulation and energy efficiency, which are increasingly being considered in modern residential developments.

The availability of a wide range of cement board designs, textures, and finishes also appeals to consumer preferences for aesthetic flexibility and modern architectural themes. In regions such as Asia Pacific, North America, and the Middle East, high investments in residential infrastructure development, coupled with favorable regulatory frameworks, continue to drive growth. As construction practices evolve to emphasize speed, quality, and sustainability, the residential end-user segment is expected to remain the largest contributor to the Cement Board Market, with continuous advancements in product innovation and application versatility further strengthening its dominance during the forecast period.

Europe is emerging as the fastest-growing region in the Cement Board Market, driven by a combination of stringent building regulations, increased focus on sustainable construction, and robust investments in infrastructure renovation and modernization. The region’s regulatory environment, particularly the European Union’s directives on energy efficiency, fire safety, and environmental performance in buildings, has led to widespread adoption of cement boards. These boards offer superior resistance to fire, moisture, mold, and pests, making them highly suitable for the diverse climatic conditions found across Europe. Furthermore, the increasing demand for green and energy-efficient building materials is propelling the usage of cement boards in both new construction and retrofitting projects. Countries such as Germany, the United Kingdom, France, and the Netherlands are leading the way in integrating sustainable materials into residential, commercial, and public infrastructure, providing a significant boost to the cement board market in the region.

In addition to regulatory support, Europe is witnessing a significant surge in renovation activities due to the aging building stock in urban areas. Cement boards are being increasingly preferred in such renovations due to their durability, ease of installation, and ability to support modern architectural aesthetics. Moreover, the European construction industry is rapidly embracing lightweight construction materials that reduce structural load while enhancing performance and efficiency—qualities that cement boards inherently possess. The presence of leading manufacturers and innovation hubs in the region is further accelerating the development and availability of advanced cement board solutions. Europe’s emphasis on circular economy principles and material recyclability also aligns with the environmental advantages of cement boards, further reinforcing their adoption. As a result, the region is experiencing sustained growth in cement board demand, positioning Europe as the fastest-growing regional market in the global landscape during the forecast period.

Key market players in the Global Cement Board market are: -

• James Hardie Industries plc
• Etex Group
• Cemco Inc.
• Saint-Gobain S.A.
• Everest Industries Limited
• NICHIHA Co., Ltd.
• SCG Building Materials Co., Ltd.
• Ramco Industries Limited
• National Gypsum Company
• Swisspearl Group AG.

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“The Cement Board Market is set to see strong growth driven by expanding construction across residential, commercial, and infrastructure projects worldwide. Rising demand for durable, moisture-resistant, fire-retardant, and eco-friendly materials coupled with stricter building regulations—will accelerate adoption. Technological progress in manufacturing is enabling lighter, more cost-effective, and aesthetically versatile cement board products. Additionally, the rise of prefabricated building systems and increasing retrofit and renovation activity will further boost market expansion. As sustainability and energy efficiency become critical priorities, cement boards are well-positioned to capture a growing share of the global construction materials market in the coming years.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based Global management consulting firm.

“Cement Board Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Fiber Cement Board, Wood Cement Board, Cement Bonded Particle Board, Others), By Application (Flooring, Wall Cladding, Roofing, Ceiling, Others), By End User (Residential, Commercial, Industrial), By Region &Competition, 2020-2030F,” has evaluated the future growth potential of Global Cement Board 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 take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Cement Board Market.

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