Global cement board market size was valued at US$ 1.76 Bn in 2022, and is expected to exhibit compound annual growth rate (CAGR) of 4.7% from 2023 to 2030. Increasing investment in construction sector is expected to drive the cement board market growth. According to the US Census Bureau, in November 2021, the construction spending in the U.S. was estimated at a seasonally adjusted annual rate of US$ 1,625.9 billion, 0.4% more than the revised October estimate of US$ 1,618.8 billion. Additionally, the November 2021 estimation was 9.3% more than the November 2020 estimate of US$ 1,487.2 billion. Moreover, from January to November 2021, construction spending amounted to US$ 1,463.2 billion, 7.9% above US$ 1,355.6 billion for the same period in 2020. Additionally, rise in single-family homes in developed countries is again fostering market growth.
Global Cement Board Market- Trends
Cement Board Market Report Snapshots
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