The Global Cement Boards Market was valued at USD 15,110 Million in 2024 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. This robust growth is driven by a global construction boom, stringent building regulations for fire safety, and the accelerating adoption of sustainable and durable building materials across residential, commercial, and industrial sectors.

As the construction industry evolves with a stronger focus on resilience and environmental responsibility, the spotlight is on the key manufacturers who are driving innovation in material science and production efficiency. In this blog, we profile the Top 10 Companies in the Cement Boards Industry—a mix of global giants and specialized innovators shaping the future of modern construction.

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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 fiber cement products, renowned for its high-performance siding and backer boards. The company has built a formidable reputation on durability and innovation, with products designed to withstand extreme weather conditions. Their R&D focus is on enhancing product longevity and developing low-maintenance solutions for both residential and commercial markets.

Innovation & Sustainability Initiatives:

• Pioneer in fiber cement technology with over 130 years of industry experience

• Commitment to reducing carbon footprint with a goal of 30% reduction by 2030

• Extensive product portfolio certified for fire resistance and moisture management

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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 excels in providing fire-resistant and acoustic solutions, making it a preferred partner for large-scale commercial and industrial projects worldwide.

Innovation & Sustainability Initiatives:

• Leader in fire protection boards with products capable of withstanding temperatures over 1000°C

• Strong focus on circular economy principles, utilizing recycled content in manufacturing

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8️⃣ 3. Nichiha USA, Inc.

Headquarters: Macon, Georgia, USA (Parent: Nichiha Corporation, Japan)
Key Offering: Fiber Cement Panels, Architectural Cladding, Ventilated Rainscreens

Nichiha brings Japanese precision and quality to the global cement board market, specializing in innovative architectural panels. Their products are known for exceptional weathering resistance and aesthetic versatility, catering to high-design commercial and residential applications.

Innovation & Sustainability Initiatives:

• Patented manufacturing process for superior durability and color retention

• Products contribute to LEED certification points for sustainable building design

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7️⃣ 4. Elementia S.A.B. de C.V.

Headquarters: Mexico City, Mexico
Key Offering: Fiber Cement Roofing, Sidings, Plycem Brand Boards

Elementia is a dominant force in the Latin American construction materials market, with its Plycem brand being synonymous with quality cement boards. The company has strategically expanded its production capacity to serve growing demand across North and South America.

Innovation & Sustainability Initiatives:

• Extensive distribution network across the Americas

• Investment in energy-efficient manufacturing technologies

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6️⃣ 5. Saint-Gobain

Headquarters: Courbevoie, France
Key Offering: Glass Mesh Reinforced Cement Boards, Interior Lining Panels, CertainTeed Brands

Saint-Gobain, a global leader in building materials, offers advanced cement board solutions through its various subsidiaries. Their products are engineered for specific applications, including high-moisture areas and fire-rated assemblies, leveraging the group’s vast material science expertise.

Innovation & Sustainability Initiatives:

• Development of lightweight, high-strength cement board formulations

• Commitment to achieving carbon neutrality across operations

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5️⃣ 6. CSR Limited

Headquarters: Sydney, Australia
Key Offering: Fiber Cement Sheets, Architectural Cladding, Cemintel Brands

CSR Limited is a major building products supplier in the Asia-Pacific region, with a strong presence in the Australian and New Zealand markets. Their Cemintel range is recognized for innovation in pre-finished and textured cement board products.

Innovation & Sustainability Initiatives:

• Focus on products suited for the harsh Australasian climate

• Investment in automated manufacturing for consistent quality

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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 a key player in the rapidly growing Indian construction market, offering a wide range of building products including cement boards. The company has been expanding its capacity to meet the demands of India’s infrastructure development and affordable housing initiatives.

Innovation & Sustainability Initiatives:

• Significant market share in the price-sensitive Indian roofing segment

• Development of cost-effective solutions for mass housing projects

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3️⃣ 8. Visaka Industries Limited

Headquarters: Hyderabad, India
Key Offering: ATUM Solar Roofs, Fiber Cement Boards, V-board Panels

Visaka Industries has distinguished itself with innovative products like the ATUM solar roof, which integrates solar energy generation with cement board technology. This forward-thinking approach positions the company at the intersection of construction materials and renewable energy.

Innovation & Sustainability Initiatives:

• Pioneer in solar-integrated cement board roofing systems

• Focus on sustainable manufacturing practices and waste reduction

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2️⃣ 9. SCG Building Materials Co., Ltd.

Headquarters: Bangkok, Thailand
Key Offering: Fiber Cement Smartboards, Acoustic Panels, SCG Brand Products

SCG is a leading building materials company in Southeast Asia, with a strong focus on innovative and smart building solutions. Their cement board products are engineered for the specific climatic conditions of tropical regions, offering superior moisture and termite resistance.

Innovation & Sustainability Initiatives:

• Development of smartboards with integrated properties for modern construction

• Strong regional presence supporting ASEAN infrastructure growth

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1️⃣ 10. GAF Materials Corporation

Headquarters: Parsippany, New Jersey, USA
Key Offering: Roofing Boards, Decking Panels, Specialty Cement Boards

GAF, North America’s largest roofing manufacturer, is a significant player in cement boards used primarily as roofing substrates and tile backers. The company leverages its extensive distribution network and brand recognition to serve both professional contractors and DIY markets.

Innovation & Sustainability Initiatives:

• Extensive product testing and certification for building code compliance

• Commitment to sustainable roofing systems and environmental stewardship

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Cement Boards Market – View in Detailed Research Report

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🏗️ Outlook: The Future of Cement Boards Is Smarter and More Sustainable

The cement board market is undergoing a significant transformation. While traditional applications continue to drive volume, the industry is increasingly focused on developing multifunctional, eco-friendly products that meet the demands of modern construction.

📈 Key Trends Shaping the Market:

• R&D investments in lightweight and high-strength formulations

• Integration of smart technologies, such as solar capabilities, into building panels

• Growing emphasis on circular economy principles and use of recycled materials

• Expansion into emerging markets with customized products for local conditions

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 building the foundation for safer, more durable, and sustainable construction worldwide.