India Fiber Cement Board Market Overview, 2030

India’s fiber cement board market evolved as the country phased out asbestos materials and shifted toward safer, lightweight, and fire-resistant building alternatives. Demand first grew in public sector infrastructure such as schools, hospitals, and offices, where dry walling, cladding, and false ceilings were preferred for quick construction and long-term durability. The expansion of the real estate sector post-2010, especially in IT parks, malls, and hospitality chains in metro cities like Bengaluru, Pune, Hyderabad, and Delhi-NCR, pushed fiber cement into exterior façade and interior partition applications. The government’s Pradhan Mantri Awas Yojana (PMAY), Smart Cities Mission, and Swachh Bharat Abhiyan encouraged widespread use in low-income housing, prefab toilets, and modular classrooms, particularly in flood-prone or remote areas. Local climate variations further supported fiber cement adoption, especially in humid and coastal regions like Kerala, Goa, Odisha, and the North-East, where resistance to moisture and pests became important. Developers and contractors preferred fiber cement over gypsum boards and wood panels due to better fire safety, faster installation, and lower maintenance. The material became popular in Tier 2 and Tier 3 cities for affordable residential and commercial builds, as well as in prefab units for post-disaster shelters and COVID-response infrastructure. Usage increased sharply post-2020 with demand from pop-up healthcare units, isolation wards, and warehousing. Builders saw the product as ideal for meeting tight deadlines in mass-scale projects. Fiber cement boards are now seen as a mid-tier cladding and interior solution, balancing cost, aesthetics, and fire performance, with steady demand from public-private construction, especially in transport, institutional, and rural infrastructure sectors across India. It is expanding into fast-track construction for EWS and LIG housing, data centers, cold storage, and coworking space interiors, where dry, fire-resistant materials offer both speed and performance.

According to the research report ""India Fiber Cement Board Market Overview, 2030,"" published by Bonafide Research, the India Fiber Cement Board market is anticipated to grow at more than 8.40% CAGR from 2025 to 2030. India’s fiber cement board market is dominated by domestic manufacturers, with Everest Industries, Visaka Industries, Ramco Industries, HIL Ltd, and Shera India operating multiple plants across Andhra Pradesh, Tamil Nadu, Telangana, Maharashtra, and Gujarat. These firms produce a wide range of boards for cladding, partitions, and ceiling applications, serving demand across residential, commercial, and infrastructure segments. In August 2022, Visaka Industries is set to invest Rs 120 crore (USD 15.10 Million) in a new fiber cement boards plant in West Bengal, expanding its capacity to meet the high demand for eco-friendly construction materials. In March 2024, HIL Ltd, engaged in the production and distribution of fiber cement roofing, entered into a deal with Crestia Polytech to purchase Topline for an enterprise value of ₹265 crore. The firm revealed plans to purchase Crestia Polytech’s four entirely owned subsidiaries, consisting of Topline Industries, Aditya Industries, Sainath Polymers, and Aditya Polytechnic. Key raw materials like Portland cement, silica, and cellulosic fiber are sourced locally, with some recycled and imported cellulose used for specific grades. Companies also respond to bulk inquiries through online platforms like IndiaMART, BuildSupply, and their own B2B portals. Boards are widely used in prefab toilets, railway shelters, temporary schools, and healthcare cabins under Swachh Bharat and Ayushman Bharat missions. Coastal states like Kerala, Goa, and Assam use these boards extensively due to mold and moisture resistance. Products are required to comply with BIS standards and GreenPro certification, making them eligible for IGBC-certified green buildings and public procurement.

In India, high-density fiber cement boards dominate the market by volume and value due to their widespread use in exterior façades, fire-rated partitions, and high-footfall commercial structures. These boards are used in airports, metro stations, and large infrastructure projects such as Smart Cities, especially in Tier-1 cities like Delhi, Mumbai, and Bengaluru. They are preferred for their high compressive strength and resistance to water, fire, and impact, meeting BIS certifications and National Building Code (NBC) fire safety norms. Developers use them in ventilated cladding systems to manage heat gain and monsoon damage. In seismic-prone areas like Sikkim and Gujarat, these boards are also specified for wind and earthquake resistance. Medium-density fiber cement boards are widely used in institutional and residential interiors especially in schools, hospitals, and commercial buildings in urban and semi-urban zones. These boards provide a cost-effective balance between durability and ease of installation and are often used for internal partitions, false ceilings, and semi-exterior soffits in malls and educational campuses. Low-density fiber cement boards see demand in temporary site offices, prefab housing for rural schemes, and mobile healthcare units. These boards are preferred in logistics-sensitive areas like the Northeast and the Himalayan region where weight is a critical factor. Many private developers and public sector undertakings use low-density boards in emergency shelters under disaster management schemes, particularly in flood and cyclone-prone states like Odisha and Assam. Across segments, installers and architects in India select fiber cement boards based on climate durability, load-bearing needs, BIS compliance, and integration with finishes like laminates or paint. High-density boards are increasingly being used in green-certified buildings (IGBC/GRIHA), while low-density boards remain limited to non-permanent applications.

Indian fiber cement boards are primarily manufactured using Portland cement, which is locally available in abundance across southern and western states like Tamil Nadu, Andhra Pradesh, and Gujarat. Ordinary Portland Cement (OPC) grade 43 or 53 is commonly used and conforms to IS 1489 and IS 8112 standards. High-strength cement ensures fire resistance, dimensional stability, and mechanical strength for high-performance applications in both residential towers and public infrastructure. Silica is widely used as a filler and sourced from quartz deposits in Rajasthan, Jharkhand, and Telangana, or from recycled industrial ash in thermal power belts like Chhattisgarh and West Bengal. Silica enhances the board’s density and helps reduce moisture absorption critical during monsoons and coastal applications. Cellulosic fibers are sourced from agro-waste such as bagasse (Maharashtra), jute stalk (Bihar), or recycled pulp from paper mills in Gujarat and Uttar Pradesh. These natural fibers offer flexibility and reduce board cracking during curing and handling, aligning with India’s green construction codes. Additives like fly ash from NTPC power plants, polymers, and pigments are used to tailor fiber cement board properties for color retention, lightweight construction, and thermal stability, especially in modular housing, offices, and schools. Some boards use pozzolanic materials to improve long-term durability in high-humidity zones like Kerala and coastal Andhra. To meet GRIHA or IGBC green certification standards, manufacturers increasingly favor low-VOC additives and recycled content. Polymer reinforcements are used in thin sheets meant for bending or curved surfaces in design-focused retail and hospitality projects. Water-repellent chemicals are often added for applications in kitchens, washrooms, or external ceilings. The raw material composition in India is optimized for local climate demands such as heat, rain, and seismic zones while keeping board manufacturing cost-competitive for both public and private construction projects across Tier 1–3 regions.

In India, wall cladding and paneling represent the largest and fastest-growing application of fiber cement boards, especially in commercial towers, educational institutions, and public buildings in cities like Mumbai, Pune, Hyderabad, and Delhi NCR. These boards are widely used in ventilated façade systems for hospitals, tech parks, malls, and hospitality projects due to their durability, fire resistance, and aesthetic flexibility. India’s extreme weather conditions heatwaves, monsoons, and pollution have led architects to prefer high-density fiber cement boards for long-term cladding durability and insulation, especially in green-rated buildings. Prefabricated shelters are a fast-growing application in India, especially under PMAY-G, disaster recovery programs, and public health infrastructure in states like Odisha, Assam, and Tamil Nadu. Lightweight, quick-to-install fiber cement panels are favored for low-cost housing, mobile classrooms, and makeshift clinics. Furniture applications include base units for kitchen cabinets, wardrobes, and vanities, especially in termite-prone states like Kerala and West Bengal. Boards also serve as partition panels in modular office furniture for co-working spaces and startups. Flooring applications involve use as sub-floors in container-based structures, mezzanine floors in industrial sheds, and vinyl/wood underlayment in smart housing projects. In flood-prone cities like Chennai and Guwahati, fiber cement boards replace OSB or MDF due to water resistance. Other applications include shaft walls, MEP duct enclosures, security cabins, toll plazas, and telecom shelters across highway projects and smart city zones. CNC-designed fiber cement panels are gaining traction in institutional buildings and premium apartments for decorative and acoustic walls. The market is also seeing increased adoption in retrofitting projects, especially in schools and hospitals that require fast upgrades with low operational disruption. Fiber cement boards meet multiple codes fire safety, energy efficiency, and sound insulation and continue to expand across both core infrastructure and niche design applications in urban and semi-urban India.

In India, the residential sector is the largest and fastest-growing end use for fiber cement boards, driven by low- to mid-income housing schemes, private villa developments, and high-rise apartment projects in cities like Bengaluru, Kolkata, and Ahmedabad. Fiber cement boards are extensively used for internal partitioning, external soffits, bathroom walls, and kitchen panels due to their termite resistance, fire performance, and compatibility with wet areas. The government’s Pradhan Mantri Awas Yojana (PMAY-U and PMAY-G), Smart Cities Mission, and state-level urban housing programs have accelerated demand for fiber cement boards in both affordable and mid-range homes. Builders in Maharashtra, Uttar Pradesh, and Telangana use these boards for modular construction, especially in cluster housing and redevelopment zones. In high-end apartments and bungalows, architects specify high-density boards for balcony cladding, false ceilings, and decorative walls to meet fire safety and green certification standards. The commercial segment includes office parks, SEZs, IT campuses, hospitality buildings, malls, hospitals, and government facilities across states like Karnataka, Tamil Nadu, and Haryana. In such buildings, fiber cement boards are used for external façades, HVAC enclosures, acoustic ceilings, shaft partitions, and MEP duct covers to comply with NBC fire ratings and local safety laws. India’s booming retail and education infrastructure also fuels demand, particularly in franchise showrooms, coaching centers, hostels, and coworking spaces. Public sector projects like healthcare clinics, railway stations, and defense housing use boards due to rapid installation needs and weather resistance. Fiber cement board adoption grows with rising emphasis on faster construction cycles, energy efficiency, and sustainability, helping developers meet both timeline targets and statutory approvals. Market demand remains evenly split across Tier 1 and emerging Tier 2 cities, with high-density and medium-density boards penetrating deeper into India’s real estate, urban, and semi-urban infrastructure pipeline.

Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• Fiber Cement Board Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• High density fiber cement board
• Medium density fiber cement board
• Low density fiber cement board

By Raw Material
• Portland Cement
• Silica
• Cellulosic Fiber
• Others

By Application
• Furniture
• Flooring
• Wall Cladding & Panels
• Prefabricated Shelters
• Other Applications

By End Use
• Residential
• Commercial Show more