The Business Research Company’s report on the Dry Construction Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the dry construction market’s growth in recent years?
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 July 2024, the US Census Bureau reported that the value of construction operations increased from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Therefore, the increasing focus on sustainable construction drives the growth of the dry construction market during forecast period.
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How does the future projection of the dry construction market size compare to its historical growth?
The dry construction market size has grown steadily in recent years. It will grow from $74.36 billion in 2024 to $76.39 billion in 2025 at a compound annual growth rate (CAGR) of 2.7%. 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 $87.76 billion in 2029 at a compound annual growth rate (CAGR) of 3.5%. 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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Which key players are shaping the future of the dry construction market?
Major companies operating in the dry construction market include Saint Gobain SA, Etex Group Ltd., Fletcher Building Limited, USG Boral Pvt. Ltd., 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, 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, Paneltech Systems Ltd., Pennar Industries Limited, Rondo Building Services Pty Ltd., Siniat Ltd., 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
What trends will propel the growth and evolution of the dry construction market?
Technological advancement is a key trend gaining popularity in the dry construction market. Major companies operating in the dry construction sector are focused on developing new technological solutions to strengthen their market position. For instance, in January 2022, Trimble, a US-based utilities company that supports global industries in building & construction, introduced the industry’s first Horizontal Steering Control for Soil Compactors, a step towards increased automation in the construction industry. This automatic steering control solution is compatible with all soil compactor makes and models, enabling contractors with mixed fleets to achieve a faster return on investment. Trimble Earthwork’s Horizontal Steering Control automatically steers a soil compactor using a compaction pass line, improving compaction productivity and quality for operators of all skill levels by precisely controlling overlap between passes. This helps achieve higher quality surfaces and consistent compaction while reducing operator fatigue. This new technology can be used in various types of construction techniques, including dry construction.
Which regions are expected to become dominant players in the dry construction market?
Asia-Pacific was the largest region in the dry construction market in 2024. North America 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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What are the emerging key segments in the dry construction market, and how are they evolving?
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
Subsegments:
1) By Supporting Framework: Metal Studs and Tracks, Wooden Studs, Steel Frames, Pre-engineered Frames
2) By Boarding: Gypsum Boards (Drywall), Cement Boards, Plywood and Particle Boards, Insulated Boards, Acoustic Boards
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How is the dry construction market defined?
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.
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