How Has the Dry Construction Market Size Evolved in Recent Years?
The dry construction market has seen considerable growth due to a variety of factors.
• The size of the dry construction market has consistently increased over the past few years. It is expected to rise from $74.36 billion in 2024 to $76.39 billion in 2025, witnessing a compound annual growth rate (CAGR) of 2.7%.
The prior growth is credited to factors such as construction and infrastructure undertakings, renovations, and repair of buildings. Other factors contributing to its growth include the rising demand for green building and sustainability, heightened needs for regulatory adherence, and growing urbanization accompanied by population expansion.
What are the Market Size and Expected Growth Rates for the Dry Construction Market?
The dry construction market is expected to maintain its strong growth trajectory in upcoming years.
• It's predicted that the dry construction market will steadily expand in the coming years. By 2029, it is expected to balloon to a size of $87.76 billion, with a Compound Annual Growth Rate (CAGR) of 3.5%.
Factors influencing growth in the predicted period include the augmentation of digital construction workflows, circular economic operations, enhanced construction safety standards, emerging market expansion, and increased adaptation to varying climate circumstances. Some significant trends forecasted for the period include the rise in prefabrication and modular construction, elevation in sustainable and eco-friendly materials, creative wall and ceiling finishing, innovative noise control solutions, and the uptake of digital design as well as building information modeling (bim) software.
Which Key Drivers Are Propelling The Dry Construction Market's Growth?
The burgeoning emphasis on eco-friendly building methodologies is anticipated to drive the expansion of the dry construction market. Worldwide governments are committed to creating more sustainable and habitable urban areas. Dry construction techniques, widely used in sustainable construction practices, decrease energy use, recycle rainwater, and provide cooling for housing and development board (HDB) towns. For example, the US Census Bureau announced in July 2024 that the worth of construction operations escalated from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Consequently, the escalating focus on sustainable construction propels the growth of the dry construction market during the forecast period.
What Are The Key Segments Within The Global Dry Construction Market?
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 Are New Trends Impacting The Size Of The Dry Construction Market?
Trending strongly in the dry construction market is the growth of technological innovation. To solidify their place in the market, key players in the dry construction domain are keen on creating cutting-edge technological solutions. A case in point is Trimble, a utilities company based in the US that serves worldwide industries in construction and building. In January 2022, they unveiled the industry's premier Horizontal Steering Control for Soil Compactors. A leap forward in the realm of construction automation, this automatic steering control apparatus is designed for compatibility with all makes and models of soil compactors. This compatibility allows contractors with diverse fleets to realize swift investment returns. Trimble Earthwork's Horizontal Steering Control makes use of a compaction pass line to automatically guide soil compactors. This drastically upgrades compaction productivity and quality, irrespective of the operator's skill level, as it ensures precision in overlap control between passes. Consequently, this leads to superior surface quality and uniform compaction while also diminishing operator weariness. This revolutionary technology is applicable in multiple construction techniques, dry construction included.
Who Are the Key Players in 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 are the Regional Insights into 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.
