Tile backer boards are moisture-resistant sheets installed behind tiles to provide a stable surface for tiling. The key advantages they offer over wood or drywall surfaces include resistance to damage from moisture or water, durability, and ease of installation. Their usage eliminates the risk of tile delamination and prolongs the life of walls and floors. The growing residential construction and renovation activities have augured well for the tile backer board market.
The global tile backer board market is estimated to be valued at US$ 3.01 billion in 2024 and is expected to exhibit a CAGR of 40% over the forecast period 2024 to 2031.
Key players operating in the tile backer board market are James Hardie Industries PLC, Johns Manville Corporation, National Gypsum Company, USG Corporation, and PABCO Building Products LLC.
Key Takeaways
Key players operating in the Tile Backer Board Market Demand are James Hardie Industries PLC, Johns Manville Corporation, National Gypsum Company, USG Corporation, and PABCO Building Products LLC. With the rise in housing starts and home improvement projects, the demand for tile backer boards has surged considerably over the years. The growing focus on waterproofing and durability is also propelling the product adoption. Leading manufacturers are focused on developing innovative tile backer boards made from lighter and more durable materials using advanced production technologies to strengthen their position in the industry.
The increasing expenditure on residential and commercial construction worldwide has majorly driven the consumption of tile backer boards. Population growth and rapid urbanization have accelerated new construction activities, especially in developing nations. Moreover, the rising affluence of consumers has encouraged home renovation and remodeling activities, providing a fillip to the market.
Advancements in tile backer board production technologies have enhanced their characteristics. For example, the development of fiberglass-mat backers has increased moisture resistance and impact strength compared to conventional cement boards. Many players have incorporated water-resistant polymers and recycled materials to manufacture eco-friendly tile backers. These technological innovations are expected to boost the market growth over the forecast period.
Market Trends
1. Production of customized tile backers - Manufacturers are focusing on customized product development to expand their portfolios. They offer tile backers compatible with different tile types and customized for specific applications like walls, floors, countertops, and shower stalls.
2. Advent of ultra-lightweight tile backers - With the aim of catering to DIY installations, manufacturers have developed ultra-light and thinner tile backer boards that are easier to handle and install behind tiles.
Market Opportunities
1. Potential in developing countries - Rapid infrastructure development and growth of the construction industry in developing nations like India, Indonesia, Mexico, and Brazil present lucrative opportunities.
2. Rising demand for eco-friendly products - Growing environmental concerns are fueling demand for tile backers made from recycled wood, glass, and other sustainable materials. Manufacturers can tap opportunities in the green building materials space.
Impact of COVID-19 on Tile Backer Board Market Growth
The COVID-19 outbreak had a significant impact on the global tile backer board market. Nationwide lockdowns disrupted manufacturing operations and supply chains. This led to challenges in the procurement of raw materials as well as delayed construction projects. Demand from end-use industries like residential and commercial construction also plummeted during this period. The pandemic caused worldwide economic recession which decreased spending power of consumers.
However, with relaxation in lockdown restrictions and vaccination drives, the market is gradually recovering. The residential construction sector has picked up pace which is driving demand. Manufacturers are focusing on expanding their production capabilities and ensuring adequate safety measures are followed at facilities. They are also able to fulfill pending orders from the lockdown phase. Several nations have announced stimulus packages to revive their economies which is boosting spending in infrastructure projects. This will aid the commercial construction sector in the coming years. Rapid growth of e-commerce has increased warehouse construction activities as well. With economic conditions stabilizing, the tile backer board market is projected to see steady expansion going forward.
Geographical Regions
North America accounted for the largest share of the global tile backer board market value prior to the pandemic. This can be attributed to extensive construction activities in the United States especially in residential remodeling projects. High purchasing power of consumers and focus on aesthetics has boosted the adoption of advanced tile backer boards in this region.
Asia Pacific is projected to be the fastest growing region for the tile backer board market during the forecast period. This can be accredited to increased infrastructure investments, favorable government policies, and growing population. Countries like China, India, Indonesia, and Vietnam are witnessing a boom in construction activities particularly in the residential sector.
Get More Insights on- Tile Backer Board Market
For Deeper Insights, Find the Report in the Language that You want:
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)