According to a new market report published by Lucintel, the future of the dry construction market looks promising with opportunities in the residential and non- residential sectors. The global dry construction market is expected to grow with a CAGR of 4%-6% from 2020 to 2025. The major drivers for this market are increasing population and growing construction and remolding activities with urbanization.
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Dry construction is an innovative way to reduce the use of water and the impact of real estate on the environment. In this market, supporting framework and boarding are the major types of dry construction. Lucintel forecasts that supporting framework will remain the largest type segment over the forecast period, as it has properties, such as fire protection, sound installation, and stability.
Within this market, ceiling will remain the largest system segment over the forecast period due to growing demand for ceilings with water resistant property, superior aesthetic appeal, and ease of installation.
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to growing population, rising per capita disposal income, and the rising need for corporate spaces, hotels, shopping malls, schools, hospitals, and others in the region.
Saint Gobain, Xella, Armstrong World, Etex, Fletcher Building, USG Boral, CSR, Knauf, Panel Rey, and Pabco Gypsum are among the major suppliers in the global dry construction market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global dry construction market by type, material, system, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Dry Construction Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global dry construction market by type, material, system, application, and region as follows:
By Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Supporting Framework
Boarding
By Material [Value ($ Million) shipment analysis for 2014 – 2025]:
Metal
Wood
Plasterboards
Plastics
Others
By System [Value ($ Million) shipment analysis for 2014 – 2025]:
Wall
Ceiling
Flooring
Others
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Residential
Non-Residential
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.