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India Fiber Cement Board Market

ID: MRFR/PCM/55323-HCR
200 Pages
Varsha More
October 2025

India Fiber Cement Board Market Research Report By Product Type (High Density Board (HDB), Medium Density Board (MDF), Low Density Board (LDB)), By Raw Material (Silica, Cement, Cellulose Fiber, Additives, Others), By Application (Siding, Roofing, Mounting And Trim, Tiles Wall, Flooring, Curtain Wall, Other), By Production Process (Hatschek Process, Extrusion Process, Pertile Process), and By End-use (Residential, Commercial)- Forecast to 2035

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India Fiber Cement Board Market Infographic
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India Fiber Cement Board Market Summary

As per analysis, the India fiber cement board market is projected to grow from USD 1,594.25 Million in 2025 to USD 2,621.70 Million by 2035, exhibiting a compound annual growth rate (CAGR) of 5.1% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The India fiber cement board market is poised for growth driven by sustainability and urbanization.

  • The residential segment remains the largest contributor to the fiber cement board market in India.
  • The commercial segment is experiencing rapid growth, indicating a shift in construction priorities.
  • Plain fiber cement boards dominate the market, while fire-resistant variants are emerging as the fastest-growing segment.
  • Government initiatives and the rising demand for sustainable construction materials are key drivers of market expansion.

Market Size & Forecast

2024 Market Size 1516.88 (USD Million)
2035 Market Size 2621.7 (USD Million)
CAGR (2025 - 2035) 5.1%

Major Players

James Hardie Industries (AU), Saint-Gobain (FR), Mahindra Lifespace Developers (IN), Birla Aerocon (IN), NCL Industries (IN), Visaka Industries (IN), Everest Industries (IN), Hindustan Aeronautics Limited (IN)

India Fiber Cement Board Market Trends

The India fiber cement board market is currently experiencing a notable transformation, driven by a combination of factors including urbanization, increased construction activities, and a growing awareness of sustainable building materials. As urban areas expand, the demand for durable and versatile construction materials rises, positioning fiber cement boards as a preferred choice among builders and architects. These boards offer advantages such as resistance to moisture, fire, and pests, which align with the evolving needs of modern construction practices. Furthermore, the government's initiatives to promote affordable housing and infrastructure development are likely to bolster the market's growth, as fiber cement boards are increasingly utilized in residential and commercial projects alike. In addition to the rising demand, the India fiber cement board market is witnessing innovations in product offerings, with manufacturers focusing on enhancing the aesthetic appeal and functionality of their products. This trend is evident in the introduction of various textures, colors, and finishes that cater to diverse consumer preferences. Moreover, the emphasis on eco-friendly materials is becoming more pronounced, as consumers and builders alike seek sustainable options that minimize environmental impact. Overall, the India fiber cement board market appears poised for continued expansion, driven by both demand and innovation in product development.

Sustainable Building Practices

The emphasis on sustainability is increasingly shaping the India fiber cement board market. As environmental concerns gain traction, builders and consumers are gravitating towards eco-friendly materials. Fiber cement boards, known for their durability and low environmental impact, are becoming a preferred choice in construction projects. This trend reflects a broader shift towards sustainable building practices, aligning with government initiatives aimed at promoting green construction.

Technological Advancements in Manufacturing

Technological innovations in the manufacturing processes of fiber cement boards are significantly influencing the India fiber cement board market. Enhanced production techniques are leading to improved product quality, durability, and customization options. Manufacturers are investing in advanced machinery and processes, which not only streamline production but also enable the creation of boards with unique designs and finishes, catering to the evolving preferences of consumers.

Rising Urbanization and Infrastructure Development

The rapid urbanization in India is a key driver of the fiber cement board market. As cities expand and infrastructure projects proliferate, the demand for versatile and resilient building materials is surging. Fiber cement boards are increasingly utilized in various applications, from residential buildings to commercial spaces, due to their adaptability and performance characteristics. This trend is likely to continue as urban development initiatives gain momentum.

Market Segment Insights

By Application: Residential (Largest) vs. Commercial (Fastest-Growing)

In the India fiber cement board market, the application segmentation reveals significant distinctions among residential, commercial, industrial, and infrastructure categories. The residential segment holds the largest share due to a consistent increase in housing demand driven by urbanization and infrastructure development. The commercial segment, while smaller in comparison, is witnessing rapid growth, attributed to rising investments in commercial projects and office spaces.

Residential (Dominant) vs. Commercial (Emerging)

The residential application of fiber cement boards dominates the market, characterized by its extensive usage in homes for their durability, water resistance, and low maintenance needs. This segment is favored for private constructions and housing projects across urban and semi-urban areas. Comparatively, the commercial segment is emerging rapidly, spurred by the increasing demand for energy-efficient and sustainable building materials in office and retail spaces. Its adaptability to modern architectural designs and finishes sets it apart, positioning it as a vital area for growth in the evolving construction landscape.

By Product Type: Plain Fiber Cement Board (Largest) vs. Fire Resistant Fiber Cement Board (Fastest-Growing)

In the India fiber cement board market, the distribution of market share across different product types reveals that Plain Fiber Cement Boards hold the largest share due to their extensive applications in construction and interior design. Their versatility, combined with cost-effectiveness, ensures a strong demand, contributing significantly to their market presence. On the other hand, the Textured and Colored Fiber Cement Boards cater to niche markets, appealing to consumers looking for aesthetics, which limits their share relative to Plain options. However, Fire Resistant Fiber Cement Boards are rapidly gaining traction as safety standards evolve and the need for compliant construction materials increases, enhancing their share within the segment.

Fire Resistant Fiber Cement Board (Dominant) vs. Textured Fiber Cement Board (Emerging)

Fire Resistant Fiber Cement Boards are currently positioned as a dominant choice in the Indian market, primarily driven by the growing emphasis on safety and regulatory compliance in building codes. These boards are engineered to withstand extreme conditions, making them ideal for high-risk environments like industrial facilities and high-rise buildings. Conversely, Textured Fiber Cement Boards serve an emerging niche, appealing to architects and designers interested in aesthetics and innovative designs. While they enhance interior décor and are popular in residential projects, their market position is still developing. As consumer preferences continue to evolve, these segments may witness shifts in demand, particularly as building trends lean towards multifunctional and visually appealing materials.

By Thickness: 12 mm (Largest) vs. 10 mm (Fastest-Growing)

In the India fiber cement board market, thickness segment values, particularly 12 mm, hold the largest market share. This segment appeals to a wide range of applications including external facades and high durability projects, making it a preferred choice among contractors and builders. Following closely, the 10 mm thickness represents a rapidly growing segment that is gaining traction among residential and commercial developers who favor its lightweight properties and cost-effectiveness. Looking ahead, the growth trends in the thickness segment are influenced by rising construction activities and the increasing preference for durable, lightweight materials. The demand for 10 mm boards is particularly notable as they provide flexibility in design and installation, catering well to modern architectural needs while maintaining the structural integrity essential in today's construction projects.

12 mm (Dominant) vs. 6 mm (Emerging)

The 12 mm thickness is the dominant segment in the India fiber cement board market, recognized for its robustness and ability to withstand harsh weather conditions, making it ideal for exteriors. This thickness is widely favored in commercial construction projects where durability is paramount. In contrast, the 6 mm boards are emerging as a vital choice for interior applications, such as wall partitions and false ceilings, where lightweight and ease of installation are key. Their low weight and cost advantage make them attractive options for residential projects. The positioning of these segment values highlights a shift towards innovation in design and practicality, catering to diverse consumer needs in the evolving construction landscape.

By End Use: Wall Cladding (Largest) vs. Roofing (Fastest-Growing)

In the India fiber cement board market, the end use segment is characterized by various applications such as wall cladding, roofing, flooring, and ceiling. Among these, wall cladding holds the largest market share, primarily due to its widespread adoption in residential and commercial projects for both aesthetic appeal and functional benefits. Roofing closely follows, with a significant portion of the market as well, bolstered by the rising demand for durable and cost-effective roofing solutions.

Wall Cladding (Dominant) vs. Roofing (Emerging)

Wall cladding serves as a dominant segment in the market, providing an essential solution for moisture resistance and insulation while enhancing the visual appeal of buildings. Its popularity is driven by growing construction activities and renovations. On the other hand, roofing is emerging rapidly, fueled by innovations in materials that offer improved performance and sustainability. Growing awareness about energy-efficient building solutions and stringent building regulations also contribute to this segment's growth as more consumers and builders are opting for advanced roofing solutions.

By Distribution Channel: Retail Sales (Largest) vs. Online Sales (Fastest-Growing)

In the India fiber cement board market, Retail Sales hold the largest share of the distribution channels, reflecting the traditional buying preferences of consumers. Retail outlets have become the go-to spots for contractors and builders seeking immediate access to fiber cement boards, fostering strong relationships with customers. Meanwhile, Online Sales have also carved out a significant niche, targeting the tech-savvy segment of the market, facilitating convenient access to a variety of products that cater to different customer needs.

Retail Sales (Dominant) vs. Online Sales (Emerging)

Retail Sales dominate the India fiber cement board distribution channel due to their established presence, offering consumers a tactile examination of products before purchase. This dominance is bolstered by the trust and availability issues faced by many customers, who prefer immediate access. On the other hand, Online Sales represent an emerging trend that leverages the growing e-commerce landscape. This channel is reshaping consumer behavior, as customers increasingly appreciate the convenience of home delivery and the ability to compare products quickly. As a result, while Retail Sales maintain a dominant position, Online Sales are rapidly gaining traction among younger consumers, making it a competitive and evolving segment.

Get more detailed insights about India Fiber Cement Board Market

Key Players and Competitive Insights

The fiber cement board market in India is characterized by a dynamic competitive landscape, driven by increasing demand for sustainable building materials and the rapid urbanization of the country. Key players such as James Hardie Industries (AU), Saint-Gobain (FR), and Mahindra Lifespace Developers (IN) are strategically positioning themselves through innovation and regional expansion. These companies are focusing on enhancing product offerings and improving operational efficiencies, which collectively shapes a competitive environment that is both challenging and opportunistic.

In terms of business tactics, companies are increasingly localizing manufacturing to reduce costs and optimize supply chains. The market appears moderately fragmented, with several players vying for market share. However, the collective influence of major companies is significant, as they leverage their resources to enhance market penetration and brand loyalty.

In November 2025, James Hardie Industries (AU) announced the launch of a new line of eco-friendly fiber cement boards aimed at the residential sector. This strategic move not only aligns with global sustainability trends but also positions the company to capture a growing segment of environmentally conscious consumers. The introduction of these products is likely to enhance their competitive edge in a market that increasingly values sustainability.

In October 2025, Saint-Gobain (FR) expanded its manufacturing capabilities in India by investing in a new facility dedicated to fiber cement products. This expansion is indicative of the company's commitment to meeting the rising demand for construction materials in the region. By increasing production capacity, Saint-Gobain is poised to strengthen its market position and respond more effectively to customer needs.

In September 2025, Mahindra Lifespace Developers (IN) entered into a strategic partnership with a local technology firm to integrate AI-driven solutions into their manufacturing processes. This collaboration aims to enhance operational efficiency and product quality, reflecting a broader trend towards digital transformation in the industry. Such initiatives may provide Mahindra with a competitive advantage as the market evolves towards more technologically advanced solutions.

As of December 2025, the competitive trends in the fiber cement board market are increasingly defined by digitalization, sustainability, and the integration of advanced technologies. Strategic alliances are becoming more prevalent, allowing companies to pool resources and expertise to navigate the complexities of the market. Looking ahead, it is anticipated that competitive differentiation will shift from traditional price-based competition to a focus on innovation, technology, and supply chain reliability, thereby reshaping the landscape of the industry.

Key Companies in the India Fiber Cement Board Market market include

Industry Developments

The India Fiber Cement Board Market has witnessed significant developments recently, marked by a steady growth trajectory. As of October 2023, demand for fiber cement boards has increased owing to the construction sector's expansion influenced by government initiatives to boost affordable housing and infrastructure projects.

Companies like JSW Cement, SaintGobain, and Century Plyboards India are scaling production capacities to meet this demand, enhancing their market presence. In notable merger activity, Ramco Industries announced an acquisition in March 2023 to expand its product portfolio, while Birla Aerocon completed a strategic merger to strengthen its market share in the Fiber Cement Board segment in June 2023.

Market valuations for firms such as Hindalco Industries and Shree Cement have significantly increased, bolstered by robust construction activities in urban areas. Furthermore, as of May 2022, Visaka Industries reported a substantial year-on-year revenue growth, reflecting the heightened adoption of fiber cement products in residential and commercial projects across India.

This surge in growth is shaping a competitive landscape, prompting both established and emerging companies to innovate and expand their offerings to align with sustainability goals and efficiency standards.

Future Outlook

India Fiber Cement Board Market Future Outlook

The India fiber cement board market is projected to grow at a 5.1% CAGR from 2024 to 2035, driven by urbanization, infrastructure development, and increasing demand for sustainable building materials.

New opportunities lie in:

  • Expansion into rural markets with affordable fiber cement solutions.
  • Development of innovative, eco-friendly fiber cement products for green buildings.
  • Strategic partnerships with construction firms for bulk supply contracts.

By 2035, the market is expected to solidify its position as a leader in sustainable building materials.

Market Segmentation

India Fiber Cement Board Market End Use Outlook

  • Wall Cladding
  • Roofing
  • Flooring
  • Ceiling

India Fiber Cement Board Market Thickness Outlook

  • 6 mm
  • 8 mm
  • 10 mm
  • 12 mm

India Fiber Cement Board Market Application Outlook

  • Residential
  • Commercial
  • Industrial
  • Infrastructure

India Fiber Cement Board Market Product Type Outlook

  • Plain Fiber Cement Board
  • Textured Fiber Cement Board
  • Colored Fiber Cement Board
  • Fire Resistant Fiber Cement Board

India Fiber Cement Board Market Distribution Channel Outlook

  • Direct Sales
  • Online Sales
  • Retail Sales

Report Scope

MARKET SIZE 20241516.88(USD Million)
MARKET SIZE 20251594.25(USD Million)
MARKET SIZE 20352621.7(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)5.1% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies ProfiledJames Hardie Industries (AU), Saint-Gobain (FR), Mahindra Lifespace Developers (IN), Birla Aerocon (IN), NCL Industries (IN), Visaka Industries (IN), Everest Industries (IN), Hindustan Aeronautics Limited (IN)
Segments CoveredApplication, Product Type, Thickness, End Use, Distribution Channel
Key Market OpportunitiesGrowing demand for sustainable building materials drives innovation in the India fiber cement board market.
Key Market DynamicsRising demand for sustainable building materials drives growth in India's fiber cement board market.
Countries CoveredIndia

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FAQs

What is the expected market size of the India Fiber Cement Board Market in 2024?

The India Fiber Cement Board Market is expected to be valued at 2.94 USD Billion in 2024.

What is the projected market size for the India Fiber Cement Board Market by 2035?

By 2035, the India Fiber Cement Board Market is projected to reach a value of 5.8 USD Billion.

What is the expected CAGR for the India Fiber Cement Board Market between 2025 and 2035?

The expected CAGR for the India Fiber Cement Board Market from 2025 to 2035 is 6.368 %.

Which product type holds the largest market share in the India Fiber Cement Board Market?

The High Density Board (HDB) segment holds the largest share, valued at 1.2 USD Billion in 2024.

How much is the Medium Density Board (MDF) segment expected to be valued in 2035?

The Medium Density Board (MDF) segment is expected to reach 2.0 USD Billion by 2035.

Who are the key players in the India Fiber Cement Board Market?

Key players in the India Fiber Cement Board Market include JSW Cement, Eternit Gdansk, and Century Plyboards India.

What challenges might impact the growth of the India Fiber Cement Board Market?

Challenges may include shifting regulatory frameworks and competitive pricing from alternative materials.

What opportunities exist in the India Fiber Cement Board Market?

There are significant opportunities for innovation in product development and increasing demand in construction.

What is the valuation of the Low Density Board (LDB) segment in 2024?

The Low Density Board (LDB) segment is valued at 0.74 USD Billion in 2024.

How are global trends influencing the India Fiber Cement Board Market?

Global trends are driving sustainability, increasing the demand for eco-friendly building materials like fiber cement boards.

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