At 5.7% CAGR, the South & Central America Cement Board Market is projected to be worth US$ 2,675.08 million by 2028, says Business Market Insights

According to Business Market Insights research, the South & Central America cement board market was valued at US$ 1,921.33 million in 2022 and is expected to reach US$ 2,675.08 million by 2028, registering a CAGR of 5.7% from 2022 to 2028. Rising adoption of cement board in construction sector and upsurge in demand for energy-efficient buildings are the critical factors attributed to the South & Central America cement board market expansion.        

Durability is one of the most desirable qualities of cement board. Cement boards and panels typically outlast vinyl siding and other alternative products in lifespan. Within 10 to 15 years, vinyl siding can show signs of aging, whereas cement board can last up to 30 to 50 years or more. Further, in cement production, carbon dioxide is a byproduct. However, manufacturing vinyl siding containing polyvinyl chloride (PVC) produces more carbon dioxide than cement production. Moreover, vinyl siding off-gases throughout its lifetime as it occupies a space landfill. Hence, cement board siding is a greener alternative to vinyl siding. Cement board products do not require frequent repainting as they hold paint well. Also, they do not dent unlike steel siding. Cement board products stand stronger in moisture and leaks than gypsum boards. These products possess excellent moisture-absorbing and drying properties, making them resistant to weather changes. Cement board products are fireproof, insect resistant, and perform well in natural disasters. The products have good sound insulation properties suitable for building good quality and long-lasting homes. Further, cement board products are available in various types such as fiber cement board and cement bonded particle board. They are also available in baked-on, prefinished colors that do not require painting. Owing to the growing awareness about these benefits of cement board products compared to other substitute products, they are increasingly used in flooring, furniture making, and wall cladding, which drives the South & Central America cement board market growth.

On the contrary, the high cost of installation hampers the South & Central America cement board market.

Based on product type, the South & Central America cement board market is segmented into fiber cement board and cement bonded particle board. The fiber cement board segment held 83.3% share of South & Central America Cement Board Market in 2022, amassing US$ 1,826.40 million. It is projected to garner US$ 2,550.84 million by 2028 to expand at 5.7% CAGR during 2022–2028. 

Based on application, the South & Central America cement board market is segmented into roofing, outside siding or façade, and others. The roofing segment held 45.7% share of South & Central America Cement Board Market in 2022, amassing US$ 878.82 million. It is projected to garner US$ 1,264.34 million by 2028 to expand at 6.2% CAGR during 2022–2028.

Based on end-use, the South & Central America cement board market is segmented into residential and non-residential. The non-residential segment held 64.1% share of South & Central America Cement Board Market in 2022, amassing US$ 1,230.82 million. It is projected to garner US$ 1,684.21 million by 2028 to expand at 5.4% CAGR during 2022–2028.

Based on country, the South & Central America cement board market has been categorized into Brazil, Argentina, and the Rest of South and Central America. Our regional analysis states that the Brazil captured 47.8% share of South & Central America Cement Board Market in 2022. It was assessed at US$ 917.76 million in 2022 and is likely to hit US$ 1,322.07 million by 2028, exhibiting a CAGR of 6.3% during the forecast period.

Key players operating in the South & Central America cement board market are Compagnie de Saint Gobain SA, Etex NV, SCG Building Materials Co., Ltd., Soben International Ltd, and Swisspearl Group AG, among others.

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