What is Backer Board Market?
Backer board is an inexpensive, convenient material which helps in the projects of tilling, flooring and countertop to go faster and look better. It also contributes to the long lasting, and durable tile installation with no chance of backing board and reduced chances of rot. Backer board is a mineral based product which is ¼ inch or ½ inch thick and 3 to 5 feet long. It is made of cement, water, silica, limestone flour, and fibers such as Kevlar or fiberglass. Moreover, backer board is used as a tile base or OSB subfloor.
The market study is being classified, by Application (Residential, Commercial and Industrial) and major geographies with country level break-up.
James Hardie (Ireland), Allura (United States), SelectCrete (United States), Nichiha (United States), CertainTeed (United States), USG Corporation (United States), Johns Manville (United States), National Gypsum Company (United States), SCG Building Materials (India) and Framecad (New Zealand) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Soben Board (Switzerland) and Cembrit (Denmark).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Backer Board market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Backer Board market by Type, Application and Region.
On the basis of geography, the market of Backer Board has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Usage of Backer Board as Building Panels
- Wide Range of Applications is Fueling the Market
Market Trend
- Increasing Adoption of Backer Board due to its Properties
Restraints
- Availability of Alternatives to Backer Board
Opportunities
- Increasing Spending on Construction Sector is Boosting the Market
- Rising Construction Activities in Residential and Non-Residential Sector
Challenges
- Stiff Competition among the Major Players
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others