Global Cement Boards Market, By Type (Fiber Cement Boards, Cement Bonded Particle Boards, Wood Wool Cement Boards, Wood Strand Cement Boards), Construction Type (Commercial Buildings, Residential Buildings, Others), Application (Fire Resistant Construction, Flooring Applications, External Siding, Permanent Shuttering, Thermal Insulation, Partition Walls, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Cement Boards Market
Cement boards market is expected to gain market growth in the forecast period of 2021 to 2028. Data bridge market research analyses that the market is growing with the CAGR of 5.60% in the forecast period of 2021 to 2028. The increase in construction activities across the globe is escalating the growth of cement boards market.
Cement boards refer to a sheet which is formed with the combination of cement and reinforcing fibers. Cement boards are extensively utilized as backing for tiles as they are considered to be water resistant and they provide additional strength to several supporting structures. They have numerous applications such as placement of new tiles over existing wood floors, creation of counter tops and others.
The increasing rate of construction activities and rise in the number of residential buildings and commercial buildings across the globe is the major factor driving the cement boards market. The increase in demand of the product owning to its beneficial properties such as impact resistance, fire resistance, moisture resistance and easy to install and handle making them preferable for several applications including fire resistant furniture, floors and roofs, exterior and partition walls, ceilings and others propels the market. The high usage of cement boards in construction projects as they offer durable structure as well as in furniture sector also influences the market growth. Rise in concerns associated with the weather conditions and insulation of concrete and implementation of regulatory norms regarding the reduction of hazardous chemicals make cement boards more preferable than concrete as they consist of less carbon and environment friendly compared to the other. Additionally, rise in population globally, increase in disposable income in developing nations and job-driven migration positively affect the cement boards market. Furthermore, the high need for durable building products in the areas which are known to be prone to natural disasters and introduction of new technologies extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high initial costs of product and installation and requirement of high number of labor force due to its bulky weight stearate are factors expected to obstruct the market growth. The impact on various industries due the COVID-19 outbreak is projected to challenge the cement boards market.
This cement boards market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on cement boards market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Cement Boards Market Scope and Market Size
Cement boards market is segmented on the basis of type, construction type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the cement boards market is segmented into fiber cement boards, cement bonded particle boards, wood wool cement boards and wood strand cement boards.
- On the basis of construction type, the cement boards market is segmented into commercial buildings, residential buildings and others.
- On the basis of application, the cement boards market is segmented into fire resistant construction, flooring applications, external siding, permanent shuttering, thermal insulation, partition walls and others.
Global Cement Boards Market Country Level Analysis
Cement boards market is analyzed and market size, volume information is provided by country, type, construction type and application as referenced above.
The countries covered in the cement boards market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the cement boards market due to the rise in both residential and commercial construction activities in the region. Asia Pacific is expected to witness the highest CAGR in the forecast period of 2021 to 2028 because of the growing population, rise in disposable income and increase in building construction activities in the developing nations in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cement Boards Market Share Analysis
Cement boards market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cement boards market.
The major players covered in the cement boards market report are James Hardie Building Products Inc., Etex Group, Cembrit Holding A/S, Everest, SHERA, Saint-Gobain, SCG CBM, Soben International (Asia Pacific) Ltd., Penny Panel Construction., Hume Cemboard Industries Sdn Bhd., Sanle Building Materials Industry Co., Ltd., Portal Corporativo, Ramco Industries Limited, Betonwood, Vnext by Visaka, CERTAINTEED., CIDEM Hranice a.s., Euroform, GAF, Knauf Gips KG, Owens Corning, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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