TILE BACKER BOARD MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The global tile backer board market is estimated to be valued at USD 2.38 Bn in 2024, growing at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031. The global tile backer board market has been gaining significant traction over the recent past, owing to rapid growth of the construction industry. Tile backer boards provide a smooth, flat, and dimensionally stable surface for installing tile on walls and floors. They are commonly made from cement, fiberglass, or moisture-resistant materials like DensShield. These backer boards offer advantages like moisture resistance, strength, rigidity, and compatibility with most tile adhesives. Moreover, the growing preference for home remodeling and renovation along with rising disposable incomes is expected to propel the demand for tile backer boards in residential applications. Rapid urbanization, increasing infrastructure investments, and economic development across developing nations will further aid the expansion of the global market during the forecast period.

 Market Dynamics:

The tile backer board market is driven by factors such as growing residential and commercial construction activities, rapid urbanization in developing economies, and rising focus on interior decoration. However, high costs associated with some specialty backer boards and availability of substitutes may hamper the market growth. The emergence of innovative and lightweight tile backer board products presents lucrative opportunities for manufacturers. Region-wise, the market is expected to witness highest gains in Asia Pacific owing to increasing residential construction and renovation projects in countries like China and India. Stringent building regulations regarding tile installation may challenge the market to some extent.

 Key Features of the Study:

• This report provides in-depth analysis of the global tile backer board market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global tile backer board market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Georgia-Pacific Wood Products LLC, PCS Board, James Hardie Building Products Inc., wedi GmbH, USG Corporation, Johns Manville, National Gypsum, Cembrit Holding A/S, CertainTeed, Schluter Systems, Tortuga, Ramco Hicem, VipaBoard, Hangzhou Tyco Industrial Co., Ltd., and ZMARTBUILD
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global tile backer board market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global tile backer board market

Detailed Segmentation-

• By Size:
• • 1/4 Board
  • 3/8 Board
  • 1/2 Board
  • 5/8 Board
• By Form:
• • Heavy Duty Cement Fiber Boards
  • Lightweight Cement Coated Foam Boards
  • Others
• By Application:
• • Residential
  • Commercial
  • Industrial
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Georgia-Pacific Wood Products LLC
  • PCS Board
  • James Hardie Building Products Inc.
  • wedi GmbH
  • USG Corporation
  • Johns Manville
  • National Gypsum
  • Cembrit Holding A/S
  • CertainTeed
  • Schluter Systems
  • Tortuga
  • Ramco Hicem
  • VipaBoard
  • Hangzhou Tyco Industrial Co., Ltd.
  • ZMARTBUILD