Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "North America Cement Board Market Forecast to 2028 -Regional Analysis" report has been added to ResearchAndMarkets.com's offering.
The cement board market in North America is poised for notable growth, with a predicted increase from US$ 4,297.69 million in 2022 to an impressive US$ 6,735.69 million by 2028. According to an in-depth analysis report, the market will experience a compound annual growth rate (CAGR) of 7.8% over the period from 2022 to 2028.
Rising adoption of cement board in the construction sector is propelling the North American market to new heights. The durability of cement board—outliving alternatives such as vinyl siding by decades—makes it an advantageous choice for builders and developers alike. With increased awareness of environmental impacts, the lesser carbon dioxide emissions associated with cement board production, when compared to vinyl siding, mark it as a greener alternative for construction materials.
Enhanced Features Attract Consumers
Cement boards have been gaining traction for their superior moisture resistance and longevity, requiring less frequent maintenance such as repainting. These boards are also prized for their fireproof and insect resistant qualities, performing exceptionally well in adverse conditions and thereby offering a reliable solution for high-quality and durable home building.
- Fiber Cement Board Leads Market: The fiber cement board segment currently dominates the market, attributed to its widespread use due to robust properties and versatility.
- Exterior Applications Propel Demand: Exterior applications, including siding and façades, are the largest application segments, further driving expansion.
- Residential Sector Remains Pivotal: With a significant portion of demand coming from the residential sector, this segment's growth catalyzes opportunities for market proliferation.
- Geographic Insights: Within North America, the United States maintains a leadership position in market share, followed by other key markets such as Canada and Mexico.
Contribution of Leading Market Participants The market is supported by a strong presence of both domestic and international companies. Industry leaders are continuously investing in product innovation and development strategies. Extensive research and development initiatives by these companies are expected to contribute substantially to the market's growth, meeting the forecasted demand and introducing new advancements in the sector.
With the steady growth being witnessed, the North America cement board market is an area of focus for those looking to understand the intersections of construction, sustainability, and economic potential, fully encapsulated in this groundbreaking report.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 120 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $4297.69 million |
| Forecasted Market Value (USD) by 2028 | $6735.69 million |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | North America |
A selection of companies mentioned in this report includes
- Compagnie de Saint Gobain SA
- Etex NV
- James Hardie Industries plc
- Nichiha Corp
- Plycem USA LLC
- SCG Building Materials Co., Ltd.
- Soben International Ltd
- Swisspearl Group AG
- Visaka Industries Ltd
For more information about this report visit https://www.researchandmarkets.com/r/ejwdri
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
