Cement board market expansion is primarily being driven by robust growth in the residential sector around the globe. The majority of its applications are internal and external. Another important element driving market expansion is the rising number of single-family houses in North America and Europe. Based on a US Census Bureau study. The use of cement board wall partitions in both commercial and residential settings is expected to increase during the projected period, offering promising growth opportunities. Cement board is a very adaptable material for wall partitions. Moreover, this approach offers a wall with the same strength as a typical wall. Also, they are simple to install. The other expanding uses for cement boards include furniture, permanent shuttering, prefabricated homes, ceilings and architraves, and fire-resistant buildings, among others. During the course of the projected period, increasing demand for thermal and acoustic insulation in homes is anticipated to boost market expansion.
According to the Coherent Market Insights, The size of the global Cement Board Market, estimated at USD 1,682.4 million in 2021, is projected to increase at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2030.
Key Leaders in the Cement Board Industry:
1. Etex group
The business was established in 1905, and its headquarters are in Brussels. Roofs, floors, and walls can be built with the help of the building supplies and contractor tools offered by Etex Group. By purchasing the thermal and acoustic insulation specialist URSA in 2022, Etex indicated that its portfolio was shifting towards lightweight and environmentally friendly building solutions. As it expands its footprint in the UK passive fire protection sector in 2020, Etex Group has purchased FSi Ltd.
2. Elementia materials
The company was established in 2009 and has its headquarters in Mexico City. For the industrial sectors, Elementia Materials produces and sells cement, tubes, cables, valves, copper bars, as well as rolled aluminium goods including bars and profiles. In September 2020, Elementia opened a new grinding facility in Yucatán. In Progreso, Yucatan, Mexico, Cementos Fortaleza, a company owned by Elementia, opened a new cement plant in 2020.
3. Everest industries ltd
The company was established in 1934 and Mumbai's Andheri neighbourhood serves as the headquarters. Everest produces pre-engineered steel buildings, roofing, cladding, flooring, walls, and other building components for use in industrial, commercial, and residential settings. Everest Industries will establish a new manufacturing facility in South India in February 2023.
4. James Hardie Industries
The company was established in 1888 and has its headquarters in Dublin, Ireland. The business produces goods using asbestos cement sheet and other associated building materials. In January 2023, James Hardie Industries announced appointments to its global leadership team. In April 2021, James Hardie Industries unveiled their global integrated marketing campaign.
5. Johns Manville
The business was established in 1858 and is headquartered in Denver, Colorado. The business produces engineering goods, insulation, and roofing supplies. In January 2021, the company's Engineered Products plant in Trnava, Slovakia, reported the successful opening of a thermal recycling unit for used glass fibres. A new shipping pallet technology was developed by Johns Manville in August 2020.
6. Knauf Gips KG
The business was established in 1932 and is headquartered in Iphofen, Germany. The business manufactures a variety of building products, including dry mortars, cement boards, mineral fibre acoustic boards, plasterboard, and construction materials for drywall. Building supplies and construction systems are produced and sold by Knauf Gips KG.
7. Saint Gobain
With its headquarters in France's Courbevoie, the business was founded in 1665. The company manufactures a range of materials for construction, high performance, and other uses. Saint-Gobain has a binding agreement to buy U.P. Twiga Fiberglass Ltd., the market leader for glass wool insulation in India, in February 2023.
8. Cembrit Holding A/S
The company was established in 1927 and is headquartered in Aalborg, Denmark. With a variety of fiber-cement based solutions for roofing, internal cladding, and exterior cladding, Cembrit is a distributor and manufacturer of fiber-cement products throughout Europe. In Apeil 2020, Cembrit unveiled a brand-new facade board with a 3D impression that was inspired by the distinctive qualities of nature.
Definition: A cement board is a composite material made of cement and reinforcing fibres that is primarily used as a tile backing board and is manufactured into sheets of different thickness.
