DRY CONSTRUCTION MATERIALS MARKET REPORT OVERVIEW
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global dry construction materials market size was USD 85790 million in 2019 and market is projected to touch USD 160374.42 million by 2032 at CAGR 4.9% during the forecast period.
Dry construction materials refer to building materials that do not require water for installation, curing, or setting. These materials are often pre-manufactured and ready to use, providing efficiency and speed in construction processes. Gypsum-based products, such as drywall or plasterboard, are common examples of dry construction materials. Drywall consists of a core of gypsum sandwiched between layers of paper, offering a versatile and easily installed interior wall and ceiling solution. The absence of wet trades, like plastering and masonry, accelerates construction timelines and minimizes the need for on-site drying, making dry construction materials particularly popular in projects where time and cost efficiency are critical factors.
Manufacturers in the dry construction materials sector play a vital role in providing innovative solutions. For instance, companies like Saint-Gobain, a global leader in building and construction materials, offer a range of drywall and plasterboard products. These materials come in various sizes and thicknesses to meet diverse construction requirements. The use of dry construction materials aligns with sustainable building practices, as it reduces water consumption, minimizes construction waste, and contributes to a cleaner and more controlled work environment. As the construction industry continues to emphasize speed, efficiency, and sustainability, the demand for dry construction materials is expected to grow, with manufacturers driving advancements in product development and application techniques.
COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions
The global COVID-19 pandemic has been unprecedented and staggering, with the dry construction materials market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The pandemic led to disruptions in global supply chains, affecting the production and distribution of construction materials, including dry construction materials. Delays in manufacturing and transportation hindered the timely delivery of products to construction sites. Lockdowns, social distancing measures, and safety concerns led to the temporary closure or slowdown of construction sites. This directly impacted the demand for construction materials, as many projects were put on hold or faced delays.
Economic uncertainties and financial challenges prompted some businesses and governments to scale back construction spending. This reduction in construction activity affected the overall demand for dry construction materials. The pandemic prompted a reassessment of construction priorities, with a focus on essential projects such as healthcare facilities and infrastructure related to pandemic response. This shift influenced the types and quantities of construction materials in demand. The market is anticipated to boost the market growth following the pandemic.
LATEST TRENDS
"Sustainable Construction Practices to Drive Market Growth"
There has been an increasing focus on sustainability in the construction industry. Dry construction materials, such as gypsum-based products and recycled drywall, align with sustainable building practices by reducing waste and environmental impact. With an increasing emphasis on green building certifications such as LEED (Leadership in Energy and Environmental Design), dry construction materials that contribute to energy efficiency and sustainable construction practices are in demand.
The trend towards prefabrication and modular construction methods has driven the demand for dry construction materials. These materials, being pre-manufactured and ready to use, align well with off-site construction techniques, offering efficiency and faster project timelines. These latest developments are anticipated to boost the dry construction materials market share.
DRY CONSTRUCTION MATERIALS MARKET SEGMENTATION
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- By Type
Based on type the global market can be categorized into Metal, Wood, Gypsum Board and Other.
Metal is a broad category of construction material that includes various types such as steel, aluminum, copper, and others. Metals are known for their strength, durability, and versatility. Steel, in particular, is a commonly used metal in construction due to its high strength-to-weight ratio and suitability for structural applications.
Wood is a natural, organic material derived from trees. It has been used in construction for centuries and offers a unique combination of strength, versatility, and aesthetic appeal. Different types of wood, such as softwood and hardwood, are used for various construction purposes.
Gypsum board, also known as drywall or plasterboard, is a panel made of gypsum plaster pressed between two thick sheets of paper. It is a widely used interior wall and ceiling material in construction.
- By Application
Based on application the global market can be categorized into Wall, Ceiling, Flooring and Others.
Walls are integral components of building structures, serving both structural and aesthetic purposes. They divide and enclose spaces, providing support for the roof and upper floors. Walls can be made from various materials, including concrete, wood, metal, and gypsum board.
Ceilings provide an overhead surface that encloses a room or space. They contribute to the aesthetic and functional aspects of interior design. Ceilings can be flat or have various designs, and they often incorporate lighting fixtures and HVAC components.
Flooring is the surface underfoot in a building. It not only provides a walking surface but also contributes to the overall design and functionality of a space. Common flooring materials include wood, tile, carpet, vinyl, and concrete.
DRIVING FACTORS
"Rise in Construction Activities to Boost the Market"
Increased construction activities, driven by urbanization, population growth, and infrastructure development, contribute significantly to the demand for dry construction materials. Dry construction materials, such as prefabricated components and ready-to-use systems, offer efficiency and speed in construction. This is particularly attractive in projects where quick completion is essential. The trend towards prefabrication and modular construction methods, where components are manufactured off-site and assembled on-site, boosts the demand for dry construction materials. The increasing focus on home improvement, renovation, and remodeling projects, particularly in the residential sector, contributes to the demand for dry construction materials.
"Innovations in Drywall Technology To Expand the Market"
Ongoing innovations in drywall technology include the development of high-performance drywall with enhanced properties such as improved fire resistance, sound insulation, and impact resistance. Manufacturers are continuously introducing new formulations to meet specific project requirements. The integration of digital tools like Building Information Modeling (BIM) has been influencing the dry construction material market. BIM facilitates better project coordination, reduces errors, and enhances efficiency in the use of materials. The surge in residential renovation and remodeling projects has driven the demand for dry construction materials. Homeowners seeking cost-effective and efficient solutions contribute to the market growth. These factors are anticipated to drive the market share.
RESTRAINING FACTOR
"Lack of Awareness and Education to Potentially Impede Market Growth"
Limited awareness and understanding of the benefits of dry construction materials among builders, contractors, and end-users may hinder their widespread adoption. Education and awareness campaigns are crucial to overcoming this challenge. The construction industry, traditionally conservative, may exhibit resistance to change and new construction methods. Contractors and builders comfortable with conventional practices may be hesitant to adopt dry construction technologies. The successful implementation of dry construction methods often requires skilled labor with expertise in assembling prefabricated components and using specific materials. The limited availability of such skilled labor can be a restraining factor. The factors are anticipated to hinder the growth of the dry construction materials market growth.
DRY CONSTRUCTION MATERIALS MARKET REGIONAL INSIGHTS
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"North America is Dominating the Market with High Construction Activity"
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa
North America, particularly the United States and Canada, has experienced consistently high levels of construction activity. This includes residential, commercial, and infrastructure projects, creating a substantial demand for construction materials, including dry construction materials. Urbanization has been a key trend in North America, leading to increased demand for housing, commercial spaces, and infrastructure. The construction of new buildings and the renovation of existing structures contribute significantly to the use of dry construction materials. North America tends to be an early adopter of technological advancements, including innovations in construction materials and methods. The use of dry construction materials aligns with trends toward efficiency, sustainability, and prefabrication.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- Knauf [Germany]
- Saint-Gobain [France]
- BaoWu (Baosteel Group) [China]
- ArcelorMittal [Luxembourg
- USG Corporation [U.S.]
- CSR Limited [Australia]
INDUSTRIAL DEVELOPMENT
September 2022: Gypsum board manufactured by USG Corporation, also known as drywall or plasterboard, is a widely used construction material composed of a core of gypsum plaster sandwiched between two layers of paper. The gypsum core provides fire resistance, sound insulation, and a smooth surface for finishing.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 85790 Million in 2019 |
Market Size Value By |
US$ 160374.42 Million by 2032 |
Growth Rate |
CAGR of 4.9% from 2019 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the dry construction materials market expected to touch by 2032?
The global dry construction materials market is expected to reach USD 160374.42 million by 2032.
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What CAGR is the dry construction materials market expected to exhibit by 2032?
The dry construction materials market is expected to exhibit a CAGR of 4.9% by 2032.
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Which are the driving factors of the dry construction materials market?
Rise in Construction Activities and Innovations in Drywall Technology are some of the driving factors of the dry construction materials market.
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What are the key dry construction materials market segments?
The dry construction materials market segmentation that you should be aware of, which include, based on type the dry construction materials market is classified as Metal, Wood, Gypsum Board and Other. Based on application the dry construction materials market is classified as Wall, Ceiling, Flooring and Others.