India Cement Boards Market by Region, Competition, Forecast & Opportunities, 2021-2031F

The India Cement Boards Market was valued at USD 222 Million in 2025 and is projected to reach USD 394 Million by 2031, rising at a CAGR of 9.89%. Cement boards are durable building materials composed of cement and reinforcing fibers, widely used in areas prone to moisture such as kitchens, bathrooms, and external walls. These boards offer a moisture-resistant, mold-resistant, and fire-resistant alternative to traditional gypsum boards, making them suitable for both residential and commercial construction. Available in types like fiber cement boards and cement-bonded particle boards, they are valued for their dimensional stability and resistance to warping. Their ease of installation, compatibility with various finishes, and structural strength contribute to their growing use in modern construction.

Key Market Drivers

Growth in Urbanization and Infrastructure Development

India’s accelerating urbanization is driving substantial demand for robust residential, commercial, and infrastructural construction. This has increased the need for building materials that are not only fast and easy to install but also sustainable and long-lasting - qualities inherent to cement boards. Their resistance to fire, moisture, and pests makes them particularly suitable for urban environments. Government initiatives like the “Smart Cities Mission” and “Housing for All,” along with expanded infrastructure budgets, are further boosting market growth. Cement boards are gaining popularity for their role in reducing construction timelines while meeting stringent quality standards. As Tier-II and Tier-III cities expand, the demand for reliable, prefabricated construction materials is set to rise, with India’s urban population expected to hit 600 million by 2031.

Key Market Challenges

High Cost Compared to Traditional Materials

A significant challenge for the India cement boards market is their relatively higher cost compared to conventional materials such as gypsum boards, plywood, and wood-based particle boards. Despite offering long-term durability and superior resistance to fire and moisture, the initial investment required for cement boards can be prohibitive, particularly in cost-sensitive regions and rural areas. Additionally, the need for specialized tools and skilled labor further raises installation costs. In a price-conscious construction landscape - especially within affordable housing and low-margin projects - builders often prioritize lower upfront costs, making cement boards less competitive. Moreover, variable logistics costs across regions result in non-uniform pricing, limiting adoption in semi-urban and remote areas.

Key Market Trends

Shift Toward Dry Construction Techniques

A major trend influencing the Indian cement boards market is the increasing adoption of dry construction methods over traditional wet techniques. Dry construction is gaining traction due to its speed, reduced water usage, minimal environmental impact, and cleanliness. Cement boards are well-suited for applications like drywalls, ceilings, cladding, and raised floors in both residential and commercial projects. Their compatibility with Building Information Modelling (BIM) and modular construction, as well as their consistency and precision, make them ideal for modern building systems. This shift is further propelled by rising labor costs, faster delivery expectations, and the need for error-free installations, positioning cement boards at the forefront of India’s evolving construction practices.

Key Players Profiled in this India Cement Boards Market Report

• HIL Limited
• Visaka Industries Limited
• Everest Industries Limited
• Sahyadri Industries Limited (Eco-Pro)
• NCL Industries Limited
• Ramco Industries Limited
• SCG Fiber Cement Board (ZMARTBUILD)
• Wedge India

Report Scope:

In this report, the India Cement Boards Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

India Cement Boards Market, by Product Type:

• Fiber Cement Board
• Wood Wool Cement Board
• Wood Strand Cement Board
• Cement Bonded Particle Board

India Cement Boards Market, by End Use:

• Residential
• Commercial
• Industrial
• Infrastructure

India Cement Boards Market, by Application:

• Partition Walls
• Roofing
• Flooring
• External Cladding / Façade
• Prefabricated Buildings
• Others

India Cement Boards Market, by Thickness & Dimension:

• 4-6 mm
• 8-12 mm
• 16-20 mm
• Others

India Cement Boards Market, by Category:

• Standard Density Boards
• High Density Boards
• Low Density Boards

India Cement Boards Market, by Region:

• South India
• North India
• West India
• East India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India Cement Boards Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

This product will be delivered within 1-3 business days.