Europe Cement Board Market Forecast to 2028 -Regional Analysis

The Europe cement board market is expected to grow from US$ 7,222.27 million in 2022 to US$ 11,074.93 million by 2028. It is estimated to grow at a CAGR of 7.4% from 2022 to 2028.

Upsurge in Demand for Energy-Efficient Buildings Fuels Europe Cement Board Market

According to the Energy Sector Management Assistance Program, nearly one-third of energy is consumed in residential, public, and commercial buildings for space cooling, heating, ventilating, cooking, refrigerating, lighting, water heating, and operating electric and mechanical devices. Modernizing cities in several countries and increasing per capita income propel energy use in buildings. High energy consumption in public, residential, and commercial buildings creates a need for energy savings. A layer of cement board is applied to the building to reduce heat transfer through the walls, keeping the interior warmer in winter and cooler in summer, which makes a building energy efficient. According to the ASHRAE Fundamentals Handbook, cement board has an R-value of 0.15, which is better than the value of brick and stone. Many cement board products have a finish that reflects light. This reflection helps the building absorb less heat from the sun and keep the building's interior cooler. It reduces the need for air conditioning, saving energy and lowering energy bills. Fiber cement board is often put on top of a layer of foam insulation, making the building energy efficient. This efficiency can help homeowners reduce their energy consumption and energy bills. With an increasing demand for energy-efficient homes, houses are valued higher when built with sustainable resources. All these factors drive the Europe cement board market.

Europe Cement Board Market Overview

Germany, France, Italy, the UK, and Russia, are some of the main consumers within the Europe cement board market in Europe. Europe's construction sector has had a consistent expansion, fueled by a rising population. Also, rapid shifts in the remodeling trends, such as remodeling for accessibility, customizations, and technological integrations, are likely to increase the business expansion. Thus, the advantages associated with cement board, along with expansion in the public and private building sectors, are the primary drivers of Europe cement board market growth in the area. The restoration of old buildings in countries such as Italy and Spain are propelling the development of the Europe cement board market in Europe. The asbestos ban by the European Commission in 2005, led to the adoption of non-asbestos cement boards and forced manufacturers to innovate eco-friendly alternatives to asbestos products. The growth of the Europe cement board market has also been supported by increased government spending on infrastructure.

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

Europe Cement Board Market Segmentation

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

Based on product type, the Europe 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 Europe cement board market in 2022.

Based on application, the Europe 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 Europe cement board market in 2022.

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

Based on country, the Europe cement board market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the share of the Europe cement board market in 2022.

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