According to the Energy Sector Management Assistance Program, nearly one-third of energy is consumed in residential, public, and commercial buildings for space cooling, heating, ventilating, cooking, refrigerating, lighting, water heating, and operating electric and mechanical devices. Modernizing cities in several countries and increasing per capita income propel energy use in buildings. High energy consumption in public, residential, and commercial buildings creates a need for energy savings. A layer of cement board is applied to the building to reduce heat transfer through the walls, keeping the interior warmer in winter and cooler in summer, which makes a building energy efficient. According to the ASHRAE Fundamentals Handbook, cement board has an R-value of 0.15, which is better than the value of brick and stone. Many cement board products have a finish that reflects light. This reflection helps the building absorb less heat from the sun and keep the building's interior cooler. It reduces the need for air conditioning, saving energy and lowering energy bills. Fiber cement board is often put on top of a layer of foam insulation, making the building energy efficient. This efficiency can help homeowners reduce their energy consumption and energy bills. With an increasing demand for energy-efficient homes, houses are valued higher when built with sustainable resources. All these factors drive the Europe cement board market.
Germany, France, Italy, the UK, and Russia, are some of the main consumers within the Europe cement board market in Europe. Europe's construction sector has had a consistent expansion, fueled by a rising population. Also, rapid shifts in the remodeling trends, such as remodeling for accessibility, customizations, and technological integrations, are likely to increase the business expansion. Thus, the advantages associated with cement board, along with expansion in the public and private building sectors, are the primary drivers of Europe cement board market growth in the area. The restoration of old buildings in countries such as Italy and Spain are propelling the development of the Europe cement board market in Europe. The asbestos ban by the European Commission in 2005, led to the adoption of non-asbestos cement boards and forced manufacturers to innovate eco-friendly alternatives to asbestos products. The growth of the Europe cement board market has also been supported by increased government spending on infrastructure.
Europe Cement Board Market Segmentation
The Europe cement board market is segmented into product type, application, end-use, and country.
Based on product type, the Europe cement board market is segmented into fiber cement board and cement bonded particle board. The fiber cement board segment held the largest share of the Europe cement board market in 2022.
Based on application, the Europe cement board market is segmented into roofing, outside siding or façade, and others. The outside siding or façade segment held the largest share of the Europe cement board market in 2022.
Based on end-use, the Europe cement board market is segmented into residential and non-residential. The non-residential segment held the larger share of the Europe cement board market in 2022.
Based on country, the Europe cement board market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the share of the Europe cement board market in 2022.
Compagnie de Saint Gobain SA; Etex N; James Hardie Industries plc; Nichiha Corp; SCG Building Materials Co., Ltd.; Soben International Ltd; Swisspearl Group AG; and Visaka Industries Ltd are the leading companies operating in the Europe cement board market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 7,222.27 Million |
| Market Size by 2028 | US$ 11,074.93 Million |
| CAGR (2022 - 2028) | 7.4% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Cement Board Market is valued at US$ 7,222.27 Million in 2022, it is projected to reach US$ 11,074.93 Million by 2028.
As per our report Europe Cement Board Market, the market size is valued at US$ 7,222.27 Million in 2022, projecting it to reach US$ 11,074.93 Million by 2028. This translates to a CAGR of approximately 7.4% during the forecast period.
The Europe Cement Board Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Cement Board Market report:
The Europe Cement Board Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Cement Board Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Cement Board Market value chain can benefit from the information contained in a comprehensive market report.
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