Wood cement board is an interior and exterior building material made from wood wool and cement. It is also known as wood wool cement board. Key characteristics of wood cement boards include fire resistance, wet and dry rot resistance, freeze-thaw resistance, termite and vermin resistance, and thermal insulation. Wood cement boards are known for excellent acoustic performance and sound absorption, especially in non-residential applications such as swimming pools and gymnasiums. Wood cement boards are primarily used in developing countries in energy efficient and durable economic housing.
Wood Cement Boards Market: Development & Trends
Rise in demand for energy efficient and durable economic housing is the key factor driving the wood cement boards market across the globe. Growth in urbanization, increase in disposable income, and rise in construction activities are additional factors boosting the market. High cost of wood siding grades, stringent government regulations associated with the cutting of trees, and maintenance are some of the factors estimated to hamper the market. However, rise in demand for wood cement boards in emerging economies such as China and India and product development are expected to offer opportunities to the wood cement boards market.
Wood Cement Boards Market: Segmentation
The wood cement boards market can be classified based on type, application, and region. In terms of type, the market can be divided into wood wool cement boards, wood strand cement boards, and others. The wood wool cement boards segment can be sub-segmented into standard wood wool cement boards, fine fiber acoustic & decorative boards, reinforced roofing boards, and others. The wood wool cement boards segment accounted for major share of the market in 2018, as these offer better properties over other types of boards. These properties include termite & vermin resistance, thermal insulation, wet & dry rot resistance, and fire resistance.
Based on application, the wood cement boards market can be segregated into flooring & underlayment, external siding, permanent shuttering, prefabricated houses, exterior & partition walls, acoustic & thermal insulation, roofing shingles, fire resistant construction, and others.
Wood Cement Boards Market: Regional Outlook
In terms of region, the global wood cement boards market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is a key region of the market. The region is expected to continue to dominate the global market during the forecast period, as expansion in economy and rapid growth in the infrastructure sector have significantly impacted the wood cement boards market. Asia Pacific is projected to experience the highest number of new constructions and infrastructure activities in the near future, especially in India China, and Thailand. The market in North America is estimated to expand at a substantial pace during the forecast period. The construction industry in the region is a key consumer of wood cement boards owing to its inherent benefits and wide applicability. The U.S. is anticipated to account for major share of the market in North America during the forecast period. In Middle East & Africa, Qatar plans to develop the highest number of buildings across the country by 2030. This is driving the wood cement boards market in the region.
Wood Cement Boards Market: Key Players
Prominent players operating in the global wood cement boards market include Eltomation B.V., Fibretex India Pvt. Ltd., Foshan Tiange Science and Technology Co., Ltd., Guangzhou Titan Building Materials Co., Ltd., Nichiha USA, Inc., Right Angle Interior Pvt. Ltd., Shahsahib Woodwool Enterprises, Smart Wood Boards, Trusus Technology (Beijing) Co., Limited, and VIVALDA.
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