Market Highlights
The Global Dry Construction market is projected to be valued at USD 214.35 Billion by 2033, recording a CAGR of around 5.67% during the forecast period. The dry construction market refers to the industry and market for products and services related to dry construction methods, which involve the use of drywall, plasterboard, and other non-liquid materials to construct walls, ceilings, and other building components. This market includes the production and distribution of drywall and other dry construction materials, as well as the services of contractors and tradespeople who specialize in dry construction techniques. The dry construction market is a significant part of the broader construction industry, and it is influenced by factors such as building codes, construction trends, and the availability and cost of materials.
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The Dry Construction market experienced a detrimental effect due to the Covid-19 pandemic. The COVID-19 pandemic has caused supply chain hiccups, which have decreased demand or created shortages in the dry construction sector. Spending by consumers and businesses has decreased significantly as a result of the travel restrictions and social distancing measures, and this trend is expected to persist for some time. The epidemic has altered end-user trends and tastes, prompting manufacturers, developers, and service providers to implement diverse tactics aimed at stabilizing their businesses..
Segmental Analysis
The global Dry Construction market has been segmented based on Type, Organization Type, Application and End Use
Based on the Type the market is segmented based on Supporting framework and Boarding. The dry construction market is segmented by type into supporting framework and boarding, with supporting framework being the larger segment due to its advantageous properties such as fire protection and sound insulation.
Based on Organization Type the market has been divided into Wall, Ceiling, Flooring, Windows, Partition and Others.
Based on the Application the market has been divided into Residential, Non-residential and Others. The market is segmented by application type into residential and non-residential, with residential being the dominant segment due to the increasing demand for dry construction in residential applications.
Based on End Use, the market has been divided into Plasterwood, Wood, Metals, Plastic, Glass and Others. plasterboard being the dominant segment due to its increasing demand in various applications.
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Regional Analysis
The Dry Construction market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, &Africa. The Asia Pacific region holds a dominant position in the Dry Construction market. For the duration of the projection, Asia Pacific will continue to grow at the fastest rate. The dry construction market in Asia Pacific has been driven by rising demand from the retail, healthcare, and education sectors as well as rising demand from the commercial sector due to rising disposable income. The main factors driving demand in the global dry construction market will be the increase in real estate construction worldwide, infrastructure development initiatives, and the growing trend toward sustainable building approaches. The North America region is witnessing rapid growth and emerging as a significant market for the Dry Construction industry. The dry construction market in North America is expected to grow at a steady pace due to the increasing demand for faster construction completion times, the insufficient availability of raw materials required for wet construction, and the growing housing needs in the region. The market is dominated by the United States, which was valued at US$ 32.1 billion in 2022 and is expected to continue to grow due to the increasing activities related to building renovation.