Global Fiber Cement Boards Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Fiber Cement Boards Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A fiber cement board is a combination of cement and reinforcing fibers that are typically used as a tile backing board. Cement board can be nailed or screwed to wood or steel studs to create a substrate for vertical tile and attached horizontally to plywood for tile floors, kitchen counters and backsplashes. It can be used on the exterior of buildings as a base for exterior plaster (stucco) systems and sometimes as the finish system itself. Cement board adds impact resistance and strength to the wall surface as compared to water resistant gypsum boards. Cement board is also fabricated in thin sheets with polymer modified cements to allow bending for curved surfaces.

Market Overview:

The latest research study on the global Fiber Cement Boards market finds that the global Fiber Cement Boards market reached a value of USD 18865.69 million in 2022. It’s expected that the market will achieve USD 29181.84 million by 2028, exhibiting a CAGR of 7.54% during the forecast period.

Fiber Cement Board continues to be popular in the US market

Fiber cement siding is also expected to post solid demand growth through 2019, primarily because of gains in the US, which accounted for nearly one-third of global fiber cement siding demand in 2014. Fiber cement siding has become increasingly popular in the US as it can withstand harsh climates without rotting and is impervious to insects.

Asbestos-based products still popular in Brazil and India

Roofing comprised the largest global market for fiber cement products. Brazil and India are the largest markets for fiber cement roofing products. Lower cost products (using asbestos as the fiber) are popular in these countries.

Lacking the knowledge of fiber board utilization

Inefficient labor workforce lacking the knowledge of fiber board utilization is expected to hamper the market growth.

Increasing demand from Construction Industry

The ever-increasing global population, supported by their improved purchasing power are driving factors for rapid urbanization. This urbanization demands for a better infrastructure, both, at the residential and commercial level. Fiber Cement Boards, which are made of mixtures of cement, water, and either reinforcing fibers or particles, provide durable structural stability to any building & construction projects. These materials are resistant to impact, fire, moisture, insects and fungi, easy to handle and install. These factors facilitate their usage in floors & roofs, ceilings, exterior & partition walls, facades, claddings, prefabricated houses, fire resistant furniture, etc. Construction holds the largest end-use application segment.

Region Overview:

In global comparison, a significant portion of the revenue was generated in China (33.12% in 2022).

Company Overview:

James Hardie Industries PLC is one of the major players operating in the Fiber Cement Boards market, holding a share of 12.88% in 2023.

James Hardie Industries PLC

James Hardie Industries plc manufactures building products for new home construction and remodeling. The Company's products include fiber cement siding, backer board, and pipe. James Hardie Industries operates in the United States, Australia and New Zealand.

Etex N.V.

Etex N.V. manufactures and sells building materials worldwide. It operates through four divisions: Etex Building Performance, Etex Façade, Etex Industry, and Etex Roofing. The company offers plasterboards and fiber cement boards for internal and external applications; passive fire protection products and systems; and dry construction systems under the Promat, Siniat, Durlock, Gyplac, Kalsi, and Pladur brands.

Segmentation Overview:

Among different product types, High Density Fiber Cement Board segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Residential Buildings segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Fiber Cement Boards market covered in Chapter 3:

China Conch Venture holdings
Soben board
Nichiha Corporation
Saint Gobain
Elementia
James Hardie Industries PLC
HongLeong Group
Everest Industries
Cembrit
GAF
Etex Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Fiber Cement Boards market from 2018 to 2029 is primarily split into:

High Density Fiber Cement Board
Medium Density Fiber Cement Board
Low Density Fiber Cement Board

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Fiber Cement Boards market from 2018 to 2029 covers:

Residential Buildings
Commercial Buildings

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)