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  • Published In : May 2024
  • Code : CMI7027
  • Pages :137
  • Formats :
      Excel and PDF
  • Industry : Advanced Materials

Regional Analysis

Tile Backer Board Market Regional Insights

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North America has established itself as the dominant region in the global tile backer board market. With the U.S. and Canada as key markets, the region accounts for over 35.5% in 2024 of the total global demand primarily due to heavy construction activities in load-bearing applications. Home improvement and renovation of existing structures is a sizable end-use in North America, accelerating tile backer board consumption. Leading tile backer board manufacturers have established strong distribution networks and supply chain across the region to serve the widespread demand. Local producers also have a notable presence offering competitive product offerings and pricing. This has helped build competitive supplier intensity in North America, driving more product innovation and quality standards over the years. Stringent building codes and emphasis on waterproofing have nudged the uptake of tile backer boards compared to alternatives as well.

Among growing regions, Asia Pacific exhibits promising growth dynamics for tile backer boards. Factors such as rapid urbanization, rising standards of living, economic development, and government housing initiatives in countries like China, India, and Indonesia have augmented construction spending. This has positioned tile backer boards as a fundamental product alongside increasing preference for modern interior decoration with tiled flooring and wall surfaces.  Asia Pacific also stands to benefit from its cost competitive manufacturing environment for tile backer boards, which, in turn, supports affordable pricing. Coupled with steadily growing demand from renovation projects of commercial establishments and public infrastructure, the region is witnessing a slew of manufacturing plant expansions by international players. Foreign investors are also entering manufacturing joint ventures to cater to the burgeoning regional demand. This is helping Asia Pacific emerge as the fastest rising tile backer board consumer base globally over the coming years supported by its unparalleled growth dynamics in the construction industry.

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