Cement board Market Report 2026

The cement board market size has grown strongly in recent years. It will grow from $8.49 billion in 2025 to $9.04 billion in 2026 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to growth of residential housing construction, increasing use of cement boards as drywall alternatives, rising demand for fire-resistant wall systems, expansion of commercial building projects, availability of fiber cement manufacturing technologies.

The cement board market size is expected to see strong growth in the next few years. It will grow to $11.42 billion in 2030 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to rising adoption of green and sustainable building materials, growth in prefabricated construction methods, increasing renovation and remodeling activities, demand for improved acoustic and thermal insulation, expansion of construction activities in emerging economies. Major trends in the forecast period include rising adoption of fire-resistant building materials, growing use of cement boards in wet and high-moisture areas, increasing demand for lightweight and high-strength wall panels, expansion of prefabricated and modular construction, rising preference for durable and low-maintenance interior solutions.

The anticipated growth in residential and commercial construction is poised to drive the expansion of the cement board market in the future. Residential construction pertains to the development of private dwelling spaces, while commercial construction involves designing and modeling properties for commercial purposes. Cement boards, when installed diagonally or laterally, serve to protect the building's foundation in both residential and commercial constructions. This surge in construction activities is leading to increased sales of cement boards. For example, as per the United States Census Bureau data from February 2023, the number of privately owned housing units saw a seasonally adjusted yearly increase of 13.8%, totaling 1,524,000 units, compared to January 2023. Consequently, the flourishing residential and commercial construction sectors are fueling the growth of the cement board market.

Major players in the cement board market are emphasizing the development of advanced offerings, including large-format, A2 fire-rated fiber-cement façade panels, to address growing demand driven by tighter fire-safety regulations, increasing preference for durable and low-maintenance cladding solutions, and architects’ need for enhanced design flexibility and sustainable materials. Fiber-cement façade panels are engineered composite boards consisting of cement, mineral fibers, and fillers, combining the non-combustibility and weather resistance of cement with reduced weight, smoother surface finishes, and improved dimensional stability compared with conventional Portland-cement boards or timber cladding. For example, in January 2024, James Hardie Industries plc, an Australia-based manufacturer of building materials, introduced the 11 mm Hardie Panel, a thicker, large-format fiber-cement façade panel designed to deliver improved impact resistance and an A2 fire rating for the UK and European markets. The 11 mm Hardie Panel is produced using James Hardie’s proprietary fiber-cement technology and is offered in a variety of textures and large dimensions (up to 3048 × 1220 mm), providing A2-s1,d0 fire performance and EAD Category I impact resistance; it is engineered to simplify installation by reducing the number of required layers in high-impact applications, enables customization through multiple colors and finishes (including a Metallics range), and is intended for use in both commercial and residential façades where durability, fire protection, and architectural aesthetics are key considerations.

In March 2024, Etex N.V., a Belgium-based manufacturing company, acquired BGC’s plasterboard and fiber cement businesses for an undisclosed sum. Through this acquisition, Etex strengthened its sustainable product portfolio and expanded its presence across Australia and New Zealand by enhancing its gypsum operations, achieving a top-three position in the fiber cement segment, and improving access to sustainable building products and services. BGC (Australia) Pty Ltd’s plasterboard and fiber cement business is an Australia-based manufacturer specializing in plasterboard and fiber cement construction products along with associated distribution services, supported by a plasterboard manufacturing facility in Western Australia and a network of nine warehouses throughout Australia and New Zealand.

Major companies operating in the cement board market report are BetonWood SRL, Everest Industries Limited, Etex Group Ltd., Elementia Materiales SAB de CV, HIL Limited, GAF Materials Corporation, James Hardie Industries plc, Johns Manville Corp., Nichiha Corporation, Saint-Gobain SA, Atermit AS, LTM Group LLC, Lato OJSC, Soben Board International, Knauf Gips KG, Tepe Betopan AS, Mahaphant India Pvt.Ltd., Hume Cemboard Industries Sdn. Bhd., Visaka Industries Ltd., Allura USA, Swisspearl Group AG, Plycem USA Inc., Maxitile Ltd., American Fiber Cement Corporation, Taisyou International Business Co. Ltd., SCG Building Materials Co. Ltd., TPI Polene Public Company Limited, Shandong Lutai Building Material Science and Technology Group Co. Ltd.

Asia-Pacific was the largest region in the cement board market in 2025. The regions covered in the cement board market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cement board market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The cement board market consists of sales of cement SIP (structural insulated panel) and ceramic cement boards. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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