Cement board market seen topping $11 billion by 2030

The Business Research Company projects the global cement board market will exceed $11 billion by 2030, led by Asia-Pacific and the U.S. The report points to construction growth, fire and moisture resistance demand, and sustainable building materials as the main drivers.

Why it matters: - The cement board market is projected to cross $11 billion by 2030, signaling steady demand for a building material used in walls, flooring, roofing and façades. - The forecast sits inside a much larger construction materials market, suggesting cement board remains a small but growing niche with room to expand. - Rising demand for durable, fire-resistant and moisture-resistant products could keep pushing adoption in residential, commercial and industrial projects.

What happened: - The Business Research Company released its Cement Board Market Report 2026, covering the market outlook for 2026-2035. - The report pegs the global cement board market at more than $11 billion in 2030. - The market is forecast to grow at a 6% CAGR leading up to 2030. - Asia-Pacific is expected to be the largest region in 2030, at $4.5 billion. - The U.S. is expected to be the largest country in 2030, at $2.3 billion. - Fiber cement board is projected to be the largest product segment, with 40% of the market, or about $5 billion, in 2030. - The report segments the market by product type, application and end user. - A sample report is available here. - The full report is available here.

The details: - Asia-Pacific is projected to rise from $3.1 billion in 2025 to $4.5 billion in 2030, equal to an 8% CAGR. - The report links Asia-Pacific growth to urbanization, infrastructure spending, stronger adoption of moisture-resistant materials, renovation activity and higher disposable incomes. - The U.S. market is forecast to grow from $1.8 billion in 2025 to $2.3 billion in 2030, or 5% CAGR. - The report ties U.S. growth to demand for fire-resistant, low-maintenance and weather-resilient construction materials. - Fiber cement board is supported by durability, dimensional stability, moisture resistance, termite resistance and fire resistance. - Fiber cement board is also gaining use in exterior wall and cladding applications. - The market is also segmented into flooring, exterior and partition walls, roofing, facades, weatherboard and cladding, acoustic and thermal insulation, and other uses. - End-user segments include residential, commercial, industrial and institutional buyers. - The report says the parent Cement and Concrete Products market will reach about $504 billion by 2030. - The report says the broader Metal and Mineral industry will reach $9,886 billion by 2030. - Cement board is estimated to represent about 2% of the parent market and nearly 0.1% of the broader industry.

Between the lines: - The forecast suggests cement board demand is being pulled by the same forces reshaping construction more broadly: urban growth, resilience standards and lifecycle cost pressure. - Fiber cement board’s lead position points to buyer preference for products that balance strength, moisture resistance and versatility. - The report’s emphasis on sustainability indicates building owners are weighing long-term maintenance and energy performance alongside upfront cost.

What's next: - The Business Research Company expects construction and infrastructure development to remain the main growth engine through 2030. - The report says the strongest opportunity is in fiber cement board, wood wool cement board, wood strand cement board and cement bonded particle board. - Those four segments are projected to add more than $3.3 billion in market value by 2030. - Over the next five years, the report projects fiber cement board will add $1 billion, wood wool cement board $1 billion, wood strand cement board $0.3 billion and cement bonded particle board $1 billion. - The company says its 2026 reports include market attractiveness scoring, TAM analysis, company scoring matrices, forecasting dashboards, hotspots infographics and updated graphics and tables.

The bottom line: - Cement board is forecast to remain a relatively small slice of construction materials, but one with outsized growth potential as builders prioritize durability, safety and lower maintenance.