According to a new study by Fact.MR, the global dry construction market is valued at US$ 127.1 billion in 2023. Demand for dry construction worldwide is projected to grow at a CAGR of 5.2%, reaching a market valuation of US$ 212 billion by the end of 2033.

The rise in urbanization and industrialization is driving growth in the construction industry, boosting demand for dry construction solutions. Recent years have seen a notable shift towards lightweight and sustainable construction practices, further propelling market expansion.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8841

Country-wise Insights

In 2022, the United States market was valued at US$ 32.1 billion. Limited availability of various raw materials used in wet construction has been a key factor driving the adoption of dry construction practices. Additionally, a rise in building renovation activities is creating new opportunities for market players.

In Germany, demand for dry construction is anticipated to grow at a CAGR of 3.8% from 2023 to 2033. In both Germany and the United Kingdom, there is a strong consumer preference for construction methods that enable faster project completion. As a result, dry construction solutions, known for their efficiency and speed, have seen increased adoption in these regions.

Category-wise Insights

The residential sector is expected to be a major driver of demand for dry construction practices. Growing interest in affordable, smart housing is boosting sales of dry construction products, providing homeowners with eco-friendly, lightweight materials that support quick and sustainable construction.

As urbanization accelerates, demand for housing is rising as more people migrate to cities. The residential sector is well-positioned to offer environmentally friendly and affordable housing options. The availability of energy-efficient building materials and smart home technologies is increasingly popular among homeowners, contributing significantly to global market growth and revenue.

Read More: https://www.factmr.com/report/dry-construction-market

Key Market Players

Leading companies are investing in robust supply chain management, upholding product standards, and ensuring quality control. Many players are pursuing mergers, acquisitions, and collaborations to expand their geographical presence and boost profitability.

For example, Armstrong World Industries, a U.S.-based global leader in ceiling and wall solutions, acquired Arktura, LLC, in December 2020. This acquisition strengthens Armstrong’s market position and broadens its product offerings, as Arktura specializes in designing and manufacturing both standard and customizable ceiling and wall systems in the U.S.

Key companies in the global dry construction market include Armstrong World Industries, Inc., Etex SA, CSR Ltd., Fletcher Building Limited, PABCO Gypsum, Knauf Gips KG, Panel Rey, Xella Group, Saint-Gobain SA, and USG Boral.

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Segmentation of Dry Construction Industry Research

  • By Material :
    • Plasterboards
    • Metal
    • Plastic
    • Wood
  • By System :
    • Wall Systems
    • Flooring Systems
    • Ceiling Systems
  • By Application :
    • Residential
    • Non-residential
  • By Region :
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

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