The Global Cement Boards Market was valued at USD 16,050 Million in 2025 and is projected to reach USD 20,930 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period (2025–2032). This growth is being driven by the global construction boom, increasing demand for durable and fire-resistant building materials, and the accelerating adoption of sustainable construction practices across residential, commercial, and industrial sectors.

As the construction industry transforms toward more resilient and environmentally conscious building solutions, the spotlight is on the key manufacturing leaders who are driving innovation, product diversification, and greener production pathways. In this blog, we profile the Top 10 Companies in the Cement Boards Industry—a mix of global giants, regional champions, and sustainability pioneers shaping the future of building materials.

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🔟 1. James Hardie Industries plc

Headquarters: Dublin, Ireland (Operational HQ: Chicago, Illinois, USA)
Key Offering: Fiber Cement Siding, Backer Boards, Soffit Panels

James Hardie is the undisputed global leader in the fiber cement board market, renowned for its high-performance siding and interior solutions. The company’s products are the benchmark for durability and weather resistance in residential and light commercial construction across North America, Europe, and Asia-Pacific. Their continuous investment in R&D has led to innovations like ColorPlus® technology, which provides factory-applied finishes for longer-lasting color.

Sustainability & Innovation Initiatives:

• Commitment to reducing carbon emissions by 30% per unit of production by 2030

• Pioneering low-carbon formulations using recycled materials

• Global expansion of manufacturing facilities to meet rising demand

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9️⃣ 2. Etex Group

Headquarters: Brussels, Belgium
Key Offering: Fiber Cement Boards, Fire Protection Boards, Exterior Cladding Systems

Etex Group is a European powerhouse with a diverse portfolio of building materials, including the prominent Siniat and Promat brands for cement boards. The company specializes in high-performance solutions for fire protection, acoustics, and durability, serving both new construction and renovation markets worldwide. Etex’s global footprint and strong focus on R&D make it a key player in advancing cement board technology.

Sustainability & Innovation Initiatives:

• Investment in circular economy principles, aiming for zero waste to landfill

• Development of lightweight, high-strength cement board formulations

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8️⃣ 3. Nichiha Corporation

Headquarters: Nagoya, Japan
Key Offering: Fiber Cement Sidings, Architectural Panels, Ventilated Rainscreens

Nichiha is a leading innovator in fiber cement technology, particularly known for its aesthetically pleasing and high-performance architectural panels. The company’s products are engineered for superior weather resistance and design flexibility, making them a preferred choice for commercial and high-end residential projects. Nichiha’s advanced manufacturing processes ensure consistent quality and durability.

Sustainability & Innovation Initiatives:

• Focus on 100% recyclable and low-VOC products

• Continuous development of installation systems for faster, more efficient application

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7️⃣ 4. Elementia S.A.B. de C.V.

Headquarters: Mexico City, Mexico
Key Offering: Fiber Cement Roofing, Sidings, Interior Panels (under Plycem brand)

Elementia dominates the Latin American cement board market through its Plycem brand, offering a comprehensive range of products for roofing, siding, and interior applications. The company benefits from strong regional integration, with operations spanning from raw material extraction to finished product distribution. Elementia’s strategic focus on affordable housing projects drives significant volume in emerging markets.

Sustainability & Innovation Initiatives:

• Expansion of production capacity to serve growing North and South American markets

• Initiatives to reduce water consumption in manufacturing processes

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6️⃣ 5. Saint-Gobain

Headquarters: Courbevoie, France
Key Offering: Glass Mat Cement Boards, Tile Backer Boards, Exterior Solutions

Saint-Gobain, a global leader in building materials, offers high-performance cement board solutions through its CertainTeed and Weber brands. The company’s glass mat reinforced cement boards are particularly noted for their moisture resistance and strength, making them ideal for tile underlayment and exterior applications. Saint-Gobain’s extensive distribution network provides wide market access.

Sustainability & Innovation Initiatives:

• Commitment to achieving carbon neutrality by 2050

• Development of ultra-lightweight cement boards for easier handling and installation

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5️⃣ 6. CSR Limited

Headquarters: Sydney, Australia
Key Offering: Fiber Cement Cladding, Flooring Underlay, Eaves Linings

CSR Limited is a major force in the Australian and New Zealand building products market, with a strong presence in cement boards through its Cemintel and Villaboard brands. The company’s products are specifically engineered for the harsh Australasian climate, offering excellent resistance to fire, moisture, and termites. CSR’s vertical integration ensures consistent quality control from raw materials to finished goods.

Sustainability & Innovation Initiatives:

• Implementation of water recycling systems in manufacturing plants

• Development of products with high recycled content

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4️⃣ 7. Everest Industries Ltd.

Headquarters: Mumbai, India
Key Offering: Fiber Cement Roofing Sheets, Wall Cladding, Flooring Boards

Everest Industries is one of India’s oldest and most respected building material companies, with a significant market share in fiber cement products. The company caters primarily to the affordable housing and infrastructure sectors, offering cost-effective yet durable solutions. Everest’s extensive distribution network across India gives it a competitive advantage in serving both urban and rural markets.

Sustainability & Innovation Initiatives:

• Focus on energy-efficient manufacturing processes

• Development of products tailored for tropical climates and seismic zones

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3️⃣ 8. Visaka Industries Limited

Headquarters: Hyderabad, India
Key Offering: ATMOS Fiber Cement Boards, Roofing Sheets, Wall Panels

Visaka Industries has emerged as a significant player in the Asian cement board market, known for its innovation and sustainable approach. The company’s ATMOS boards are marketed as breathable and eco-friendly alternatives to traditional building materials. Visaka’s focus on leveraging agricultural waste in its manufacturing process positions it well in the growing green building market.

Sustainability & Innovation Initiatives:

• Use of agro-waste as raw material, reducing environmental impact

• Development of ventilated facade systems for better energy efficiency

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2️⃣ 9. Swisspearl Group

Headquarters: Niederurnen, Switzerland
Key Offering: High-End Fiber Cement Facades, Interior Panels, Custom Solutions

Swisspearl specializes in premium fiber cement products for architectural applications, serving the high-end commercial and residential markets globally. The company is renowned for its extensive color palette, custom design capabilities, and superior product quality. Swisspearl’s focus on architectural specifications and designer collaborations gives it a unique position in the market.

Sustainability & Innovation Initiatives:

• Production of 100% asbestos-free cement boards

• Commitment to sustainable mining and raw material sourcing

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1️⃣ 10. Cembrit Holding A/S

Headquarters: Søborg, Denmark
Key Offering: Fiber Cement Facades, Cladding, Profiled Sheets

Cembrit is a leading European manufacturer of fiber cement products, with a strong presence in Scandinavia, UK, and Central Europe. The company offers a wide range of boards for facade cladding, soffits, and interior applications, known for their Scandinavian design aesthetic and durability. Cembrit’s focus on technical innovation and customer service has built strong brand loyalty among architects and contractors.

Sustainability & Innovation Initiatives:

• Development of bio-based additives to reduce carbon footprint

• Investment in digital tools for architects and specifiers

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🏗️ Outlook: The Future of Cement Boards is Smarter and Greener

The cement boards market is undergoing a significant transformation. While traditional applications continue to drive volume, the industry is investing heavily in sustainable alternatives, advanced manufacturing technologies, and innovative product formulations.

📈 Key Trends Shaping the Market:

• Rapid adoption of green building certifications driving demand for eco-friendly cement boards

• Development of lightweight and easier-to-install formulations for labor efficiency

• Increasing use of digital tools for product specification and installation guidance

• Growth in prefabricated construction methods favoring panelized cement board systems

Get Full Report Here:
Cement Boards Market – View in Detailed Research Report

The companies listed above are not only supplying essential building materials—they’re driving the sustainable transformation of the global construction industry.