According to a market report by Lucintel, the future of the global tile backer board market looks promising with opportunities in the residential and commercial markets. The global tile backer board market is expected to reach an estimated $3.0 billion by 2030 from $2.2 billion in 2024,at a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are rising popularity of employing tiles in a variety of applications, including flooring, walls, and worktops, growing awareness about green building practices among customers, and increasing construction activities across the globe.
A more than 150-page report to understand trends, opportunity and forecast in tile backer board market to 2030 by type (1/4" board, 3/8" board, 1/2" board, and others), application (residential, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, 1/2" board segment is expected to witness the highest growth over the forecast period as it is strongest and most durable.
Within the application category, residential segment will remain the largest segment due to rising number of construction of new house in the developing countries.
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In terms of regions, North America is expected to witness the highest growth over the forecast period due to growing construction industry and rising awareness about green building practices among customers in the region.
James Hardie, Allura, GAF, Nichiha, CertainTeed, USG, Johns Manville are the major suppliers in the tile backer board market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Lucintel
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