Overview and Scope
Dry construction refers to the use of lightweight materials, structures, and systems created on the principle of lightweight construction. Dry construction aims at reducing the use of water, reducing construction time, improving moisture resistance, enhancing fire safety, and reducing the impact of real estate on the environment.
Sizing and Forecast
The dry construction market size has grown steadily in recent years. It will grow from <b>$72.78 billion in 2023 to $75.01 billion in 2024 at a compound annual growth rate (CAGR) of 3.1%. </b> The growth in the historic period can be attributed to construction and infrastructure projects, building renovations and repairs, growing need for green building and sustainability, increasing regulatory compliance, and urbanization and population growth
The dry construction market size is expected to see steady growth in the next few years. It will grow to <b>$84.67 billion in 2028 at a compound annual growth rate (CAGR) of 3.1%. </b> The growth in the forecast period can be attributed to increasing digital construction workflows, circular economy practices, construction safety standards, emerging market growth, and growing adaptation to changing climate conditions. Major trends in the forecast period include prefabrication and modular construction, sustainable and eco-friendly materials, innovative wall and ceiling finishes, innovative acoustic solutions, and adoption of digital design and bim (building information modeling) software.
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Segmentation & Regional Insights
The dry construction market covered in this report is segmented –
1) By Type: Supporting Framework, Boarding
2) By Material: Plasterboard, Wood, Metal, Plastic
3) By System: Ceiling System, Wall System, Flooring System
4) By Application: Residential, Non Residential
<b>Asia-Pacific</b> was the largest region in the dry construction market in 2023. <b>North America</b> is expected to be the fastest-growing region in the dry construction market during the forecast period. The regions covered in the dry construction market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing focus on sustainable construction is expected to propel the growth of the dry construction market going forward. Governments across the world are focusing on making towns more sustainable and livable. Dry construction techniques are mostly used in sustainable construction to reduce energy consumption, recycle rainwater, and cool housing and development board (HDB) towns. For instance, in 2021, according to the annual ranking report from the US Green Building Council (USGBC), a US-based organization that promotes sustainability in building design, construction, and operation, China ranked first with 1,077 certified leadership in energy and environmental design (LEED) projects that reduced carbon emissions, followed by Canada with 205 LEED projects and India with 146 LEED projects. It has now become essential for commercial construction companies to give priority to sustainable design and construction techniques to utilize our planet’s finite resources in a sensible way. Therefore, the increasing focus on sustainable construction drives the growth of the dry construction market during forecast period.
Key Industry Players
Major companies operating in the dry construction market include <b> Saint Gobain SA, Haniel Bau-Industrie, Etex Group Ltd., Fletcher Building Limited, USG Boral Pvt. Ltd., Corporate Social Responsibility, Knauf AG, Panel Rey SA, PABCO Building Products LLC, Armstrong World Industries Inc., Georgia pacisific LLC, Beijing New Building Materials Public Limited, 3G Drywall LLC, New Orleans Glass Company, Cano Estructuras, Knauf Gips KG, USG Corporation, Boral Limited, National Gypsum Company, Compagnie de Saint-Gobain S.A., James Hardie Industries plc, Continental Building Products Inc., CertainTeed Corporation, LafargeHolcim Ltd., Owens Corning, PABCO Building Products LLC, Paneltech Systems Ltd., Pennar Industries Limited, Rondo Building Services Pty Ltd., Siniat Ltd., Superglass Holdings plc, Telling Industries LLC, The QUIKRETE Companies, Tremco Incorporated, VANS Gypsum Pvt. Ltd., Winstone Wallboards Limited, Zhejiang Yulong Building Materials Co. Ltd., China National Building Material Company Limited, Etex Building Performance NV, Guangdong Meiyan Jixiang Hydropower Co. Ltd. </b>
The dry construction market report table of contents includes:
1. Executive Summary
2. Dry Construction Market Characteristics
3. Dry Construction Market Trends And Strategies
4. Dry Construction Market – Macro Economic Scenario
5. Global Dry Construction Market Size and Growth
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26. South America Dry Construction Market
27. Brazil Dry Construction Market
28. Middle East Dry Construction Market
29. Africa Dry Construction Market
30. Dry Construction Market Competitive Landscape And Company Profiles
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