Let me rank this:
4th place goes to, particle board. Particle board is basically made of waste wood material binded together. They are good for furniture but it fails when it is exposed to moisture.
3rd place goes to Gypsum board. I like this board though for its sound-proofing quality & termites don't eat this. The only sad thing about this product is that it withers when it is exposed to moisture.
2nd place goes to plywood. There are many types in other countries but in the Philippines, we have ordinary plywood & marine plywood. Marine plywood is good since it can survive moisture but expensive. Plywood is good when your dealing with aesthetics like the look of varnish, woodstain & it can be bended. This is mostly used in doors nowadays & in high end cabinetries (laminated marine plywood). The disadvantage of plywood is it can be eaten by termites. It is needs a lot of preparatory work prior to painting since the surface isn't flat.
1st place or the winner: Fiber cement board commonly known to us as Hardiflex manufactured by the company James Hardie. It's very versatile. You can use it in flooring, sidings, ceilings, fascia, eaves, interior walls, substrates & even Toilet & Bath walls. It's easy to install though it needs an expert (joints must be addressed properly or it cracks), easy to paint, waterproof, termite-proof & fire-resistant. I usually specify this for my projects as an Architect. One tip: if budget is tight, there's this product called Hardiflex Lite. It's 3.5mm only, very thin & you may use it on areas where it is not susceptible to moisture like the living room ceiling.
