The India fibre cement boards and sheets market size reached USD 133.36 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 230.13 Million by 2033, exhibiting a growth rate (CAGR) of 6.25% during 2025-2033. The market is driven by rising demand for sustainable construction materials, government green building initiatives, and rapid urbanization. Growth in residential and commercial interiors, along with fire-resistant and moisture-proof properties is augmenting the India fibre cement boards and sheets market share. Increased infrastructure development under schemes including Housing for All and Smart Cities Mission further accelerates demand for fibre cement products.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 133.36 Million |
Market Forecast in 2033 | USD 230.13 Million |
Market Growth Rate (2025-2033) | 6.25% |
Rising Demand for Sustainable and Eco-friendly Construction Materials
The rise in demand due to the growing preference for sustainable and eco-friendly construction materials is majorly driving the India fibre cement boards and sheets market growth. With increasing environmental awareness and stringent government regulations promoting green building practices, developers and architects are shifting towards fibre cement products. These boards are made from a blend of cement, cellulose fibres, and sand, making them durable, fire-resistant, and recyclable. Additionally, their low carbon footprint compared to traditional materials, including plywood and asbestos, is driving adoption. The rise in green building certifications such as LEED and IGBC further fuels this trend, as fibre cement boards contribute to energy efficiency and reduce waste. According to an industry report, India is ranked 3rd globally for LEED certifications, with a total of 370 LEED-certified projects covering 8.5 Million GSM. The country is committed to sustainable development and climate actions, which is driving the need for eco-friendly construction materials such as fibre cement boards. The country is aligning its real estate sector with global sustainability goals, making significant inroads with green infrastructure. Urbanization, along with government initiatives such as Housing for All and Smart Cities Mission, is accelerating infrastructure development, enhancing the demand for sustainable construction solutions. As a result, manufacturers are investing in eco-friendly production techniques to cater to this expanding market.
Increasing Popularity in Residential and Commercial Interior Applications
Another key trend in the market is their growing use in residential and commercial interior applications. Residential housing sales in India hit an 11-year high in the first half of 2024 with 1,73,000 units sold, an 11% growth on the same period a year prior, according to an industry report. The share of premium housing increased to 34% in 2024 from just 15% in 2018, due to which the demand for fibre cement boards for sustainable construction materials has been propelled. Mumbai was the number one city in terms of sales, with 47,259 units sold, while affordable housing sales fell by 27%. These boards are increasingly preferred for false ceilings, wall cladding, flooring, and modular kitchens due to their moisture resistance, termite-proof nature, and ease of installation. Besides this, the real estate growth, coupled with rising disposable incomes, has led to higher spending on modern interior designs, where fibre cement boards offer a cost-effective and durable alternative to wood and gypsum. Additionally, the hospitality and retail sectors are adopting these boards for aesthetic and functional benefits, such as sound insulation and thermal regulation. The trend of lightweight, low-maintenance construction materials in urban housing projects further supports market growth. Manufacturers are also introducing innovative designs and textures to enhance visual appeal, making fibre cement boards a preferred choice for contemporary interior solutions. This shift is creating a positive India fibre cement boards and sheets market outlook.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on raw material, application, and end use.
Raw Material Insights:
The report has provided a detailed breakup and analysis of the market based on the raw material. This includes asbestos and non-asbestos.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes roofing, siding, cladding, moulding and trimming, and others.
End Use Insights:
The report has provided a detailed breakup and analysis of the market based on the end use. This includes residential and non-residential.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Raw Materials Covered | Asbestos, Non-Asbestos |
Applications Covered | Roofing, Siding, Cladding, Moulding and Trimming, Others |
End Uses Covered | Residential, Non-Residential |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |