North America Cement Board Market Forecast to 2028 - Regional Analysis- by Product Type (Fiber Cement Board and Cement Bonded Particle Board), Application (Roofing, Outside Siding or Façade, and Others), and End-Use (Residential and Non-Residential)

North America Cement Board Market Forecast to 2028- Regional Analysis- by Product Type (Fiber Cement Board and Cement Bonded Particle Board), Application (Roofing, Outside Siding or Façade, and Others), and End-Use (Residential and Non-Residential)

The North America cement board market is expected to grow from US$ 4,297.69 million in 2022 to US$ 6,735.69 million by 2028. It is estimated to grow at a CAGR of 7.8% from 2022 to 2028.

Rising Adoption of Cement Board in Construction Sector Fuels North America Cement Board Market

Durability is one of the most desirable qualities of cement board. Cement boards, and panels typically outlast vinyl siding and other alternative products in lifespan. Within 10 to 15 years, vinyl siding can show signs of aging, whereas cement board can last up to 30 to 50 years or more. Further, in cement production, carbon dioxide is a byproduct. However, manufacturing vinyl siding containing polyvinyl chloride (PVC) produces more carbon dioxide than cement production. Moreover, vinyl siding off-gases throughout its lifetime as it occupies a space landfill. Hence, cement board siding is a greener alternative to vinyl siding.

Cement board products do not require frequent repainting as it holds paint well. Also, they do not dent unlike steel siding. Cement board products stand stronger in moisture and leaks than gypsum boards. These products possess excellent moisture-absorbing and drying properties, making them resistant to weather changes.

Cement board products are fireproof, insect resistant, and perform well in natural disasters. The products have good sound insulation properties suitable for building good quality and long-lasting homes. Further, cement board products are available in various types such as fiber cement board and cement bonded particle board. They are also available in baked-on, prefinished colors that do not require painting. Owing to the growing awareness about these benefits of cement board products compared to other substitute products, they are increasingly used in flooring, furniture making, and wall cladding, which drives the North America cement board market growth.

North America Cement Board Market Overview

The US, Canada, and Mexico are the key economies in North America. Factors such as the cost-effectiveness and durability of cement board and increased construction activity in the region positively impact the North America cement board market. The widespread usage of cement boards in residential and commercial building construction is expected to fuel North America cement board market expansion in North America.

Many domestic and international corporations have a substantial presence in North America. Dow Inc, Saint Gobain S.A, and others are among the key players in the North America cement board industry. Manufacturers in the area are investing heavily in cement board research and product development, which is projected to increase the market for cement board boards during the forecast period.

North America Cement Board Market Revenue and Forecast to 2028 (US$ Million)

North America Cement Board Market Segmentation

The North America cement board market is segmented into product type, application, end-use, and country.

Based on product type, the North America cement board market is segmented into fiber cement board and cement bonded particle board. The fiber cement board segment held the largest share of the North America cement board market in 2022.

Based on application, the North America cement board market is segmented into roofing, outside siding or façade, and others. The outside siding or façade segment held the largest share of the North America cement board market in 2022.

Based on end-use, the North America cement board market is segmented into residential and non-residential. The residential segment held the larger share of the North America cement board market in 2022.

Based on country, the North America cement board market is segmented into the US, Canada, and Mexico. The US dominated the share of the North America cement board market in 2022.

Compagnie de Saint Gobain SA; Etex NV; James Hardie Industries plc; Nichiha Corp; Plycem USA LLC; SCG Building Materials Co., Ltd.; Soben International Ltd; Swisspearl Group AG; and Visaka Industries Ltd. are the leading companies operating in the North America cement board market.

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