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 create 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 South & Central America cement board market.
The South & Central America cement board market is sub-segmented into Brazil, Argentina, and the Rest of South and Central America. The rise in investment in research & development activities and technological innovation related to the cement board is expected to bolster the growth of the market. Brazil is the largest country in South and Central America and has become the leading economy in the region, witnessing profitable growth in the South & Central America cement board market. The Government of Brazil (GoB) has conducted a massive privatization initiative through a pipeline of concession auctions and regulatory reforms to attract financing to assist its infrastructure development industry. This initiative is expected to fuel the Brazilian construction industry and increase construction material demand, including cement board. The rising construction industry and growth in residential and commercial sectors are driving the South & Central America cement board market growth.
South & Central America Cement Board Market Segmentation
The South & Central America cement board market is segmented into product type, application, end-use, and country.
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 the largest share of the South & Central America cement board market in 2022.
Based on application, the South & Central America cement board market is segmented into roofing, outside siding or façade, and others. The roofing segment held the largest share of the South & Central America cement board market in 2022.
Based on end-use, the South & Central America cement board market is segmented into residential and non-residential. The non-residential segment held the larger share of the South & Central America cement board market in 2022.
Based on country, the South & Central America cement board market is segmented into Brazil, Argentina, and the Rest of South and Central America. The Brazil dominated the share of the South & Central America cement board market in 2022.
Compagnie de Saint Gobain SA, Etex NV, SCG Building Materials Co., Ltd., Soben International Ltd, and Swisspearl Group AG are the leading companies operating in the South & Central America cement board market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1,921.33 Million |
| Market Size by 2028 | US$ 2,675.08 Million |
| CAGR (2022 - 2028) | 5.7% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South & Central America Cement Board Market is valued at US$ 1,921.33 Million in 2022, it is projected to reach US$ 2,675.08 Million by 2028.
As per our report South & Central America Cement Board Market, the market size is valued at US$ 1,921.33 Million in 2022, projecting it to reach US$ 2,675.08 Million by 2028. This translates to a CAGR of approximately 5.7% during the forecast period.
The South & Central America 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 South & Central America Cement Board Market report:
The South & Central America Cement Board Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Cement Board Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Cement Board Market value chain can benefit from the information contained in a comprehensive market report.
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