404
+1-313-307-4176
sales@stratviewresearch.com
Dry Construction Market Growth Analysis
Dry Construction Market Size, Share, Trend, Forecast, Growth & Industry Analysis
The Dry Construction Market was estimated to grow from USD 66.08 billion in 2021 to USD 95 billion by 2028 at a CAGR of over 5.3% during the forecast period.
The major factors underpinning the growth of the dry construction market are mainly the increasing population, higher GDP rate and increasing purchasing power in developing economies.
|
Dry Construction Market - Snapshot |
|
|---|---|
|
Growth (2022-2028) |
CAGR of 5.3% for the next five years |
|
Major Type |
Supporting Framework |
|
Leading Material Type |
Plasterboard |
|
Dominant System Type |
Ceiling System |
|
Major Application Type |
Residential |
|
Region with the highest demand |
Asia-Pacific |
|
Key Players |
Saint-Gobain S.A., Xella Group, Armstrong World Industries, Inc., Etex Group, Fletcher Building Limited, Boral Limited, CSR Limited, Knauf Gips KG, Panel Rey, and Pabco Gypsum. |
Dry construction is a specialized method which uses industrially prefabricated construction systems for interior construction. It consists of two basic construction elements - lining and load bearing construction which are put together to form functional, static, and aesthetic unit. The basic material used in the dry-assembly works is gypsum. Instead of concrete and bricks, plywood and gypsum boards are used in dry constructions.
They offer numerous advantages such as moisture resistance, reduction in construction time, fire safety, better thermal and sound insulation, ease of installation, and freedom of design. In order to build windows, walls, ceilings, and other systems, boards or panels are installed on metal surfaces. Dry construction is extensively used in various applications such residential, commercial, and infrastructure construction
Wish to Get a Free Sample? click here.
The market is segmented as supporting framework and boarding. The supporting framework segment held the larger share of the market in 2021, and is expected to remain dominant during the forecast period. They offer a wide range of advantageous properties such as fire protection, sound installation, and stability, which is driving the growth of the segment.
The dry construction market is segmented as plasterboard, wood, metal, plastic, and others. The plasterboard segment dominates the market, owing to the increasing demand for plasterboard in construction applications. Further, they can be installed easily and aid in speeding up the construction process.
The market is segmented as ceiling system, wall system, flooring system, and others. The ceiling system segment dominates the market, owing to its favorable properties such as water resistance, aesthetic appeal, and ease of installation.
The market is segmented as residential and non-residential. The residential segment dominates the market, its growth can be attributed to the surge in construction projects due to increasing population, majorly in emerging countries.
Asia-Pacific is estimated to be the largest as well the as fastest-growing market during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the market is driven by factors such as rapid industrialization, urbanization, increasing population, income and rising spending power of the people, new construction projects, and fast implementation of construction sites in the region.
North America and Europe are also expected to offer substantial growth opportunities during the forecast period. Extensive building renovation and refurbishment activities being carried out in countries such as the USA, Canada, and Mexico, are fueling the demand for dry construction.
Know which region offers best growth opportunities. Register here
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories:
Want to know the most attractive market segments? Click here.
Some of the major players in the market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.
The following are the key features of the report:
Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com
The market is expected to witness an impressive growth of 5.3% CAGR in the foreseeable future.
Saint-Gobain S.A., Xella Group, Armstrong World Industries, Inc., Etex Group, Fletcher Building Limited, Boral Limited, CSR Limited, Knauf Gips KG, Panel Rey, and Pabco Gypsum are among the key players in the market.
Asia-Pacific is expected to be the largest market for dry constructions during the next five years.
The plasterboard segment dominates the market.
The supporting framework segment is expected to remain dominant in the market during the next five years.
The ceiling system segment dominates the market.
WE ACCEPT
