Dry Construction Market Trends and Forecast
The future of the global dry construction market looks promising with opportunities in the wall, ceiling, and flooring markets. The global dry construction market is expected to reach an estimated $81.1 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are increasing demand for sustainable building practices and materials, rapid urbanization and population, and cost-effectiveness and reduced construction time associated with dry construction techniques boosting market adoption globally.
• Lucintel forecasts that plasterboard is expected to witness the highest growth over the forecast period.
• Within this market, wall is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Dry Construction Market
• United States – Government incentives for eco-friendly construction drive companies like Armstrong World Industries to innovate dry construction materials for sustainable building practices.
• United Kingdom – Kingspan Group expands production of drywall systems, aligning with government targets to increase housing construction efficiency and sustainability.
• Germany – Knauf GmbH introduces advanced dry construction solutions for energy-efficient buildings, supported by government policies promoting green building technologies.
• Japan – Sumitomo Forestry accelerates adoption of dry construction methods to address housing shortages and earthquake-resistant building requirements, in line with government initiatives for urban redevelopment.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Dry Construction Market by Segment
The study includes a forecast for the global dry construction market by type, application, and region.
Dry Construction Market by Type [Value from 2018 to 2030]:
• Plasterboard
• Wood
• Metal
• Plastic
• Others
Dry Construction Market by Application [Value from 2018 to 2030]:
• Wall
• Ceiling
• Flooring
• Others
Dry Construction Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Dry Construction Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies dry construction companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the dry construction companies profiled in this report include-
• Etex
• Fletcher Building Limited
• Saint Gobain
• Xella
• CSR
• Knauf
• Pabco Gypsum
Recent Development in the Dry Construction Market
• USG Corporation: USG Corporation introduced advanced drywall systems aimed at enhancing sustainability in building construction, focusing on reducing environmental impact and improving energy efficiency.
• British Gypsum: British Gypsum launched innovative dry construction products designed to meet carbon reduction targets, emphasizing the use of sustainable materials and practices in construction projects.
• Saint-Gobain Gyproc: Saint-Gobain Gyproc expanded its production of drywall systems to support infrastructure development and affordable housing projects, leveraging efficient construction methods and materials.
• Boral Australia: Boral Australia developed lightweight dry construction solutions for the residential and commercial buildings, emphasizing cost-effectiveness and environmental sustainability through innovative building materials.
Features of the Global Dry Construction Market
Market Size Estimates: Dry construction market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Dry construction market size by type, application, and region in terms of value ($B).
Regional Analysis: Dry construction market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the dry construction market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the dry construction market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the dry construction market size?
Answer: The global dry construction market is expected to reach an estimated $81.1 billion by 2030.
Q2. What is the growth forecast for dry construction market?
Answer: The global dry construction market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the dry construction market?
Answer: The major drivers for this market are increasing demand for sustainable building practices and materials, rapid urbanization and population and cost-effectiveness and reduced construction time associated with dry construction techniques boosting market adoption globally.
Q4. What are the major segments for dry construction market?
Answer: The future of the dry construction market looks promising with opportunities in the wall, ceiling, and flooring markets.
Q5. Who are the key dry construction market companies?
Answer: Some of the key dry construction companies are as follows:
• Etex
• Fletcher Building Limited
• Saint Gobain
• Xella
• CSR
• Knauf
• Pabco Gypsum
Q6. Which dry construction market segment will be the largest in future?
Answer: Lucintel forecasts that plasterboard is expected to witness the highest growth over the forecast period.
Q7. In dry construction market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the dry construction market by type (plasterboard, wood, metal, plastic, and others), application (wall, ceiling, flooring, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Dry Construction Market, Dry Construction Market Size, Dry Construction Market Growth, Dry Construction Market Analysis, Dry Construction Market Report, Dry Construction Market Share, Dry Construction Market Trends, Dry Construction Market Forecast, Dry Construction Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.