Dry Construction Market Analysis and Global Forecast 2023-2033

Dry Construction Market Overview

Dry Construction Market Size is expected to reach USD 214.35 Billion by 2033. The Dry Construction industry size accounted for USD 128.65 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 5.67% from 2023 to 2033. 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.

Global Dry Construction Market Synopsis

COVID-19 Impact Analysis

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.

Global Dry Construction Market Dynamics

The major factors that have impacted the growth of Dry Construction are as follows:

Drivers:

⮚      Technological Advancements

Advances in technology, such as Building Information Modeling (BIM), computer-aided design (CAD), and automated manufacturing processes, have significantly enhanced the efficiency and accuracy of dry construction methods. These technologies enable seamless coordination between design, fabrication, and construction phases, driving further optimization and innovation in the industry.

Restraint:

• Transportation and Logistics

Prefabricated components used in dry construction often need to be transported from manufacturing facilities to construction sites. This transportation process introduces logistical challenges, including transportation costs, coordination of delivery schedules, and potential damage during transit. Moreover, transporting large or bulky components over long distances can have environmental implications, such as increased carbon emissions and traffic congestion.

Opportunity:

⮚      Renovation and Retrofitting

The renovation and retrofitting of existing buildings represent an emerging opportunity for the dry construction market. As urban areas face increasing pressure to revitalize aging infrastructure and improve energy efficiency, there is a growing demand for innovative renovation solutions that minimize disruption and downtime. Dry construction methods, such as modular renovation systems and adaptable building components, offer efficient and cost-effective options for upgrading existing structures while minimizing the need for extensive demolition and reconstruction.

Dry Construction Market Segment Overview

By Type

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.

By Organization Type

Based on Organization Type the market has been divided into Wall, Ceiling, Flooring, Windows, Partition and Others.

By Application

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.

By End Use

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.

Global Dry Construction Market Regional Analysis

Based on region, the market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The area of Asia Pacific is anticipated to dominate the market for the usage of Dry Construction, followed by those North America and Europe.

Dry Construction Asia Pacific Market

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.

Dry Construction North America Market

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.

Competitive Landscape

The competitive landscape includes key players (tier 1, tier 2, and local) having a presence across the globe. Companies such as Saint Gobain, Armstrong World Industries, Etex Group, Fletcher building, and CSR Ltd. are some of the leading players in the global Dry Construction Industry. These players have adopted partnership, acquisition, expansion, and new product development, among others as their key strategies.

Key Market Players:

• Saint Gobain
• Armstrong World Industries
• Etex Group
• Fletcher building
• CSR Ltd.
• Panel Rey
• USG Boral
• Xella Group
• Knauf
• Pabco Gypsum

Key Development:

In December 2017, one of the prominent markets Etex acquired Pladur Gypsum, S.A., which is gaining momentum by becoming one of the leading manufacturers and distributors of building systems including plasterboard systems for the construction industry. The global market acquisition will allow Etex to cover untapped markets like that of the European market and reinforce its presence, meeting the demand for dry construction methods.

Scope of the Report

Global Dry Construction Market, by Type

• Supporting framework
• Boarding

Global Dry Construction Market, by Organization Type

• Wall
• Ceiling
• Flooring
• Windows
• Partition
• Others

Global Dry Construction Market, by Application

• Residential
• Non-residential
• Others

Global Dry Construction Market, by End Use

• Plasterwood
• Wood
• Metals
• Plastic
• Glass
• Others

Global Dry Construction Market, by Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Indonesia
  • Austalia
  • Malaysia
  • India
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of Middle East & Africa

 

Parameters	Indicators
Market Size	2033: $214.35 Billion
CAGR	5.67% CAGR (2023-2033)
Base year	2022
Forecast Period	2023-2033
Historical Data	2021
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations	Type, Organization Type, Application, End Use
Geographies Covered	North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Key Vendors	Saint Gobain, Armstrong World Industries, Etex Group, Fletcher building, CSR Ltd., Panel Rey, USG Boral, Xella Group, Knauf, Pabco Gypsum
Key Market Opportunities	Investments in the research and development
Key Market Drivers	Revolutionize in end-user preference toward sustainable building techniques and promotions of green technology by regulatory bodies in the construction sector.

 

REPORT CONTENT BRIEF:

• High-level analysis of the current and future Dry Construction Industry trends and opportunities
• Detailed analysis of current market drivers, restraining factors, and opportunities analysis in the future
• Historical market size for the year 2021, and forecast from 2023 to 2033
• Dry Construction market share analysis for each segment
• Competitor analysis with a comprehensive insight into its product segment, financial strength, and strategies adopted.
• Identifies key strategies adopted by the key players including new product development, mergers and acquisitions, joint ventures, collaborations, and partnerships.
• To identify and understand the various factors involved in the global Dry Construction market affected by the pandemic
• To provide year-on-year growth from 2022 to 2033
• To provide short-term, long-term, and overall CAGR comparison from 2022 to 2033.
• Provide Total Addressable Market (TAM) for the Global Dry Construction Market.