Cement Board Market, Product Type (Fiber Cement Board (FCB), Wood Wool Cement Board (WWCB), Wood Strand Cement Board (WSCB), Cement Bonded Particle Board (CBPB)), By Application (Flooring, Exterior and Partition Walls, Roofing, Columns and Beams, Facades, Weatherboard, and Cladding, Acoustic and Thermal Insulation, Other Applications (Prefabricated Houses, Permanent Shuttering, Fire- resistant Construction, etc.)), By End-User Industry (Residential, Commercial, Industrial and Institutional), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Cement boards are composed of different types of fibers and naturally occurring materials such as wool, wood fibers, bonded particles, wood strands, and others. Cement boards are majorly used in construction applications due to their longevity in the structures. These boards offer superior resistance to weather conditions, fire, and heavy winds. These properties make them ideal for exterior and partition walls, roofing, flooring, columns and beams, weatherboard, and cladding, facades, and acoustic and thermal insulation application.
Market Dynamics:
Strong growth in residential sector across the globe and increasing number of single-family homes in North America and Europe are key factor augmenting market growth. Moreover, growing investment in construction sector is also expected to contribute to growth of the cement board market. Increasing application of cement board in wall partition in commercial and residential spaces is projected to offer lucrative growth opportunities over the forecast period.
On the other hand, Environmental concerns related to the manufacturing of fiber cement boards and high cost of installation and maintenance are prime factors expected to hinder the market growth.
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