Cement Board Market Scope And Analysis

Cement Board Market Report Scope

IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

The COVID-19 pandemic led to a decline in the progress of many industries across the globe. Shutdown of manufacturing plants and restricted trade across the globe led to supply chain constraints for the manufacturers across the globe. The COVID-19 pandemic adversely affected the growth of the chemicals & materials sector and the cement board market. The implementation of measures to combat the spread of SARS-CoV-2 negatively impacted the growth of various industries. Industries such as packaging, consumer goods, automotive & transportation, textiles, and building & construction were adversely affected by the sudden disruptions in operational efficiencies and value chains due to the sudden closure of national and international boundaries. During the COVID-19 pandemic, falling revenue and increasing project delivery challenges led to the sector’s contraction in most markets, with a corresponding negative impact on the labor force. Builders experienced delays and increased costs for imported raw materials and off-site building materials due to many factories being shut down for long periods. The damage to the building & construction industry hampered the demand for cement board. Therefore, the cement board market has recovered quite well from the aftermath of the pandemic and is expected to grow over the coming years.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Some of the key players operating in the cement board market include, include James Hardie Industries plc, Plycem USA LLC, Everest Industries Ltd, Swisspearl Group AG, Visaka Industries Ltd, Nichiha Corp, Soben International Ltd, SCG Building Materials Co., Ltd, Etex NV, and Compagnie de Saint Gobain SA among others.