A wood-cement board, also known as cement-bonded particleboard, is made by mixing wood chips with cement. Because of their acoustic efficiency and sound absorption properties, they are commonly used in non-residential applications such as gymnasiums, halls, and swimming pools, resulting in increased demand for wood-cement boards. Because of these advantages, wood-cement boards are robust and have a high structural strength, which leads to an increase in the use of wood-cement boards, which fuels market growth. The demand for wood-cement boards is also growing due to increased construction activity around the world.
MARKET SCOPE
The "Global Wood-Cement Boards Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the wood-cement boards market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading wood-cement boards market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global wood-cement boards market is segmented into wood wool cement board, wood strand cement board and others.
- On the basis of application, the market is segmented into flooring and underlayment, external siding, permanent shuttering, prefabricated houses, exterior and partition walls, acoustic and thermal insulation, rooding shingles, fire resistant construction and others.
MARKET DYNAMICS
Drivers:
- The primary factor driving the global wood-cement board market is the growing demand for long-lasting, energy-efficient housing.
- Other factors that contribute to demand growth include growing urbanization, the disposable incomes, and an increase in the number of construction activities.
Restraints:
- High wood siding grade prices, strict government regulations associated with tree cutting, and maintenance are some of the factors that may restrict market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The wood-cement boards market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the wood-cement boards market in these regions.
IMPACT OF COVID-19 ON WOOD-CEMENT BOARDS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the wood-cement boards market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from wood-cement boards market are anticipated to lucrative growth opportunities in the future with the rising demand for wood-cement boards in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the wood-cement boards market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 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
- VIVALDA