Global non-asbestos fiber cement boards market was valued at USD 8.45 billion in 2024. The market is projected to grow from USD 9.02 billion in 2025 to USD 12.99 billion by 2032, exhibiting a CAGR of 6.5% during the forecast period. This sustained expansion is driven by increasing demand for sustainable, durable construction materials across residential and commercial sectors, particularly in rapidly urbanizing regions.