Global Tile Backer Board Market Size By Material Type, By Application, By End User, By Geographic Scope And Forecast
Published Date: July - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Tile Backer Board Market Size By Material Type, By Application, By End User, By Geographic Scope And Forecast
Tile Backer Board Market Size And Forecast
The global Tile Backer Board Market size was valued at USD 2270.6 Million in 2023 and is projected to reach USD 3199.2 Million by 2030, growing at a CAGR of 5.04% during the forecast period 2024-2030.
Global Tile Backer Board Market Drivers
Several variables affect the tile backer board industry, fueling demand and growth. Here are a few significant market forces
Increase in Renovation and Construction Activities The need for tile backer boards as a substrate for tiles has increased as a result of increased construction and renovation activity in both the residential and commercial sectors.
Increasingly Popular Tiled Surfaces The expanding need for tile backer boards as a dependable and durable substrate is fueled by the growing popularity of employing tiles in a variety of applications, including flooring, walls, and worktops.
Preference for solutions that are waterproof and moisture-resistant Tile backer boards are renowned for being waterproof and moisture-resistant. The demand for these boards is high in wet environments like bathrooms and kitchens.
Benefits of Installing Tile Tile installation may be done on a flat, sturdy surface thanks to tile backer boards. Their success on the market is largely due to their simplicity of use and capacity to stop tile movement and cracking.
Ceramic and porcelain tile use is growing The demand for tile backer boards is being driven by the rising popularity of ceramic and porcelain tiles, which need a firm base for successful installation.
Lightweight construction materials are in high demand When compared to more traditional materials like cement boards, tile backer boards are frequently more lightweight, which makes them desirable for situations where weight is an important factor.
Requirements for Energy Efficiency Tile backer boards, which frequently have strong insulation capabilities, are favoured for their contribution to thermal performance in construction projects that emphasise energy efficiency.
Installation and handling simplicity Tile backer boards are well renowned for being simple to install, which helps builders and contractors save time and money.
Putting an emphasis on sustainable building materials Adoption of environmentally friendly products like tile backer boards made of recycled materials is a result of growing awareness of and emphasis on sustainability in building.
Growing market for tiles The tile backer board business is being fuelled by the expansion of the tile market overall. The need for appropriate substrates grows along with the demand for tiles.
Global Tile Backer Board Market Restraints
The tile backer board market has room for expansion, but there are several obstacles that could slow down its expansion. Here are some significant market obstacles
Financial Uncertainty Construction and renovation operations may be impacted by economic instabilities and fluctuations, which may result in project cancellations or delays that would otherwise have increased demand for tile backer boards.
High Levels of Alternative Material Competition Alternative materials like cement and gypsum boards compete with tile backer boards. The market expansion for tile backer board may be constrained by the availability of and preference for various substitutes.
Limited knowledge and instruction The adoption of tile backer boards in building projects may be constrained by a lack of knowledge and instruction among builders, contractors, and homeowners regarding the advantages and appropriate usage of these materials.
Cost factors to consider When compared to other materials, the price of tile backer boards may be prohibitive, especially in construction projects with tight budgets when price concerns are important.
Installation Difficulties Although tile backer boards are known for being simple to install, some users may be put off by difficulties with the installation, cutting, and handling of these boards.
Concerns Regarding the Impact on the Environment Despite efforts to promote sustainability, worries about the environmental effects of the production and disposal of tile backer boards may lead people to choose more environmentally friendly options.
Low Levels of Product Differentiation In terms of standing out in a crowded market, producers may face difficulties due to the limited distinction among tile backer board goods. To succeed in the market, innovations and product differentiation become essential.
Compliance with Regulations and Standards For producers, observing legal requirements and building norms may be difficult. A constraint could be non-compliance or the requirement for ongoing modifications to meet changing standards.
Perceived Installation Complexity Some users could believe that installing tile backer boards is more difficult than installing other materials, which would make them reluctant to utilise them in some projects.
Dependence on the Construction SectorThe construction sector has a significant impact on the tile backer board market. The demand for tile backer boards may be directly impacted by economic downturns or slowdowns in construction activity.
Global Tile Backer Board Market Segmentation Analysis
The Global Tile Backer Board Market is segmented based on Material Type, Application, End User, and Geography.
Tile Backer Board Market, By Material Type
Cementitious Board Tile backer boards made from cement and reinforcing fibers.
Gypsum Board Boards made from gypsum and additives.
Extruded Polystyrene (XPS) Board Insulating boards made from extruded polystyrene foam.
Extruded Cement Board A type of cementitious board formed through extrusion.
Tile Backer Board Market, By Application
Flooring Tile backer boards used as a substrate for floor tiles.
Walls Boards designed for tile installation on walls.
Countertops Specialized boards suitable for tile countertops.
Tile Backer Board Market, By End User
Residential Construction Boards used in residential buildings for various applications.
Commercial Construction Boards employed in commercial and institutional construction projects.
Tile Backer Board Market, By Geography
North AmericaMarket conditions and demand in the United States, Canada, and Mexico.
EuropeAnalysis of the Tile Backer Board Market in European countries.
Asia-PacificFocusing on countries like China, India, Japan, South Korea, and others.
Middle East and AfricaExamining market dynamics in the Middle East and African regions.
Latin AmericaCovering market trends and developments in countries across Latin America.
Key Players
The major players in the global Tile Backer Board Market are
James Hardie
Allura (Elementia)
GAF
Nichiha
CertainTeed (Saint-Gobain)
USG Corporation
Johns Manville
National Gypsum Company
SCG Building Materials
Framecad
Soben Board
Cembrit
Custom Building Products
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2020-2030
BASE YEAR
2023
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2020-2022
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
James Hardie, Allura (Elementia), GAF, Nichiha, CertainTeed (Saint-Gobain), USG Corporation, Johns Manville, National Gypsum Company, SCG Building Materials, Framecad.
SEGMENTS COVERED
By Material Type, By Application, By End User, and By Geography.
CUSTOMIZATION SCOPE
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