The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The dry construction market has witnessed a steady upward trajectory, progressing from $72.78 billion in 2023 to an anticipated $75.01 billion in 2024, showcasing a Compound Annual Growth Rate (CAGR) of 3.1%. The roots of this growth in the historic period can be traced back to the surge in construction and infrastructure projects, building renovations and repairs, the growing imperative for green building and sustainability, adherence to regulatory compliance, and the global phenomena of urbanization and population growth.

Drivers of Historic Growth

• Construction and infrastructure projects
• Building renovations and repairs
• Demand for green building and sustainability
• Regulatory compliance
• Urbanization and population growth

Forecasted Growth Catalysts

• Increasing digital construction workflows
• Circular economy practices
• Construction safety standards
• Emerging market growth
• Adaptation to changing climate conditions

Major Trends in the Forecast Period

• Prefabrication and modular construction
• Sustainable and eco-friendly materials
• Innovative wall and ceiling finishes
• Innovative acoustic solutions
• Adoption of digital design and BIM (Building Information Modeling) software

Green Building Momentum

The escalating demand for green buildings is anticipated to be a key driver propelling the growth of the dry construction market. Green building practices involve designing structures and employing procedures that are ecologically responsible and resource-efficient. Dry construction techniques align seamlessly with green building principles, as they significantly reduce water usage at construction sites. Components used in dry construction are typically prefabricated in industrial settings, minimizing resource consumption, generating zero construction waste, and allowing for the disassembly and reassembly of components elsewhere without waste generation.

Green Building Statistics

• Supply of green certified buildings increased by 37%
• Addition of 78 million square feet of certified stock
• 15% of total fruit and vegetable sales constituted by organic produce

Sustainable Building Design through 3D Printing

The integration of 3D printing technology in the construction industry, particularly in dry construction, is transforming sustainable building design. This technology allows for the creation of various building components and entire structures with reduced material waste, faster construction times, and the ability to produce intricate and customized designs not achievable through traditional methods. A groundbreaking example is MENSE KORTE’s construction of Europe’s largest 3D-printed building in Heidelberg, Germany. The building, a tiny house for bikers, features an elliptical facade made possible by 3D printing, using cement-free concrete to minimize CO2 emissions.

3D Printing Benefits

• Reduced material waste
• Faster construction times
• Customized and intricate designs
• Cement-free concrete for reduced CO2 emissions

Strategic Acquisition: Summit Materials and Argos USA

In September 2023, Summit Materials, a US-based integrated materials company, acquired Argos USA for approximately $3.2 billion. This strategic move aimed to establish a leading building materials platform with national scale in the United States. The acquisition enhances Summit’s footprint and capacity to meet the rising demand for dry construction materials from home builders and infrastructure companies. Argos USA, a producer and distributor of cement, ready-mix concrete, aggregates, and related building materials, adds significant value to Summit’s diverse portfolio.

Strategic Acquisition Highlights

• Summit Materials acquires Argos USA for $3.2 billion
• Creation of a leading building materials platform
• Expansion of footprint and diversification

Market Segmentation: Tailored Solutions for Varied Needs

The dry construction market adopts a comprehensive segmentation approach to address diverse needs, with segments covering Supporting Framework, Boarding, Plasterboard, Wood, Metal, Plastic, Ceiling System, Wall System, Flooring System, Residential, and Non-Residential applications. This strategic segmentation facilitates the delivery of tailored solutions to meet the unique requirements of different construction scenarios.

Segmentation Overview

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

Dynamics: Asia-Pacific Leading the Charge

As of 2023, Asia-Pacific has emerged as the largest region in the dry construction market, with North America anticipated to be the fastest-growing region during the forecast period. This regional diversity highlights the global impact of dry construction methods, meeting construction needs in varied contexts and contributing to sustainable and efficient construction practices.

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The Dry Construction Global Market Report 2024  provides an overview of the dry construction market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The dry construction market forecast analyzes dry construction market size, dry construction market share, leading competitor and their market positions.

The Table Of Content For The Dry Construction Market Include:
1. Dry Construction Market Executive Summary
2. Dry Construction Market Segments
3. Dry Construction Market Size And Dry Construction Market Growth Rate
4. Key Dry Construction Market Trends
5. Major Dry Construction Market Drivers
……
25. Key Mergers And Acquisitions In The Dry Construction Market
26. Top Dry Construction Companies
27. Dry Construction Market Opportunities And Strategies
28. Dry Construction Market, Conclusions And Recommendations
29. Appendix

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