Fiber Cement Board Market Report 2025

The fiber cement board market size has grown strongly in recent years. It will grow from $11.95 billion in 2024 to $13.08 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. Growth during the historic period was driven by rising demand for durable materials, the expansion of the construction industry, increasing urbanization and housing development, greater awareness of fire safety, and a growing emphasis on aesthetics.

The fiber cement board market size is expected to see strong growth in the next few years. It will grow to $18.53 billion in 2029 at a compound annual growth rate (CAGR) of 9.1%. In the forecast period, growth is expected to be supported by continued demand for durability, rising global construction activity, increasing urbanization and renovation projects, growing preference for eco-friendly materials, and expanding use in siding applications. Key trends projected for this period include advancements in fire-resistant formulations, innovations in manufacturing technologies, the adoption of water-saving production methods, the development of lightweight yet high-strength fiber cement boards, and the integration of green technologies into manufacturing processes.

The growing emphasis on green building practices is anticipated to drive the growth of the fiber cement board market in the coming years. Green building practices focus on designing, constructing, and operating buildings in a way that reduces environmental impact, conserves resources, and enhances energy efficiency and occupant health. This focus is becoming more widespread due to increasingly stringent environmental regulations aimed at lowering carbon emissions within the construction industry. Fiber cement boards align well with these practices, as they are made from sustainable raw materials and are known for their durability. They contribute to eco-friendly construction by requiring minimal maintenance and being resistant to decay, which supports energy efficiency and long-term sustainability. For example, in April 2024, Saint-Gobain S.A., a construction materials company based in France, reported that 85% of professionals surveyed were engaged in some or all aspects of sustainable construction, with 92% expected to be involved within the next five years. Furthermore, 51% had received sustainable construction training in 2024, representing a six-point increase from the 2023 findings. As a result, the increasing adoption of green building practices is boosting the demand for fiber cement boards.

Key players in the fiber cement board market are concentrating on developing innovative products, such as high-performance fiber cement boards, to enhance strength, sustainability, and design appeal. These boards are advanced building materials composed of cement, cellulose fibers, and other additives, offering excellent resistance to fire, weathering, and impact, while maintaining versatility in design. For instance, in February 2024, HVG Facades, an Australia-based building materials provider, introduced Vetérro, a high-performance fiber cement cladding product. Vetérro is designed to age naturally, developing a unique appearance over time while delivering long-lasting performance. It features a raw, textured finish suited to contemporary architectural styles and emphasizes sustainability by using environmentally friendly materials and production processes that lower its ecological footprint.

In June 2022, Swisspearl Group AG, a Switzerland-based fiber cement manufacturer, acquired Cembrit Holding A/S for an undisclosed amount. The acquisition was aimed at reinforcing Swisspearl’s leadership in the fiber cement industry, expanding its product portfolio, and increasing its market presence across Europe by leveraging Cembrit’s established network and offerings. Cembrit Holding A/S is a Denmark-based company specializing in the production of fiber cement boards.

Major players in the fiber cement board market are Saint-Gobain S.A., Century Plyboards (India) Ltd., China Conch Venture Holdings Ltd., Etex Group NV, James Hardie Building Products Inc., SCG Building Materials Co. Ltd., Nichiha Corp., Visaka Industries Ltd., SHERA Public Company Limited, Sahyadri Industries Pvt. Ltd., HeaderBoard Building Materials Co. Ltd., LATONIT JSC, Allura, Mahaphant Fibre-Cement Co. Ltd., Beijing Hocreboard Building Materials Co. Ltd., ZMARTBUILD, American Fiber Cement Corporation, Everest Industries Ltd., Geminite Cement Boards Pvt. Ltd., Sanle Group, GAF Materials LLC, Swisspearl Group AG.

North America was the largest region in the fiber cement board market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in fiber cement board report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the fiber cement board market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the construction sector, particularly in materials procurement and project costs. Higher duties on imported steel, aluminum, lumber, and machinery have driven up expenses for builders, contractors, and infrastructure developers, leading to increased project bids and delayed timelines. Construction equipment manufacturers face similar challenges, with tariffs on essential components and raw materials inflating production costs and squeezing margins. Additionally, retaliatory tariffs in international markets have curtailed exports of U.S.-made construction equipment and materials, further affecting profitability. The sector must now prioritize local sourcing, modular construction techniques, and supply chain diversification to control costs and ensure project viability amid ongoing trade uncertainties.

Fiber cement board is a durable construction material composed of cement, cellulose fibers, sand, and water. It offers high strength, moisture resistance, and fire resistance, making it suitable for both interior and exterior uses. Widely utilized in modern construction, fiber cement board is valued for its long lifespan and minimal maintenance needs.

The primary types of fiber cement boards include high-density, medium-density, and low-density variants. High-density boards are characterized by a high mass per unit volume, indicating a compact and tightly packed structure. These boards are made from raw materials such as Portland cement, silica, cellulosic fiber, and others, and are manufactured through processes including the Hatschek process, extrusion process, and pertile process. They are used in applications such as furniture, flooring, wall cladding and panels, prefabricated structures, and more, serving both commercial and residential end users.

The fiber cement boards market research report is one of a series of new reports that provides fiber cement boards market statistics, including fiber cement boards industry global market size, regional shares, competitors with a fiber cement boards market share, detailed fiber cement boards market segments, market trends and opportunities, and any further data you may need to thrive in the fiber cement boards industry. This fiber cement boards market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The fiber cement board market consists of sales of panels, sidings, roofing, underlayment, partition walls, and decorative facades. 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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