Growth Opportunities and Trends in the Dry Construction Market: Key Insights for 2025-2034
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How has the dry construction market size evolved in recent years?
The dimensions of the dry construction market have experienced a consistent expansion over the past few years. The projected growth is from $74.36 billion in 2024 to $76.39 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 2.7% . Factors contributing to the historical period growth include construction and infrastructure projects, building refurbishments and maintenance, heightened demand for eco-friendly buildings and sustainability, increasingly stringent regulatory compliance, along with urbanization and population increase.
What are the predictions for the dry construction market size in the coming years?
The market size of dry construction is predicted to grow consistently over the forthcoming years, reaching $87.76 billion by 2029 with a compound annual growth rate (CAGR) of 3.5%. This growth during the prediction period is due to factors such as the rise in digital construction procedures, practices related to the circular economy, standards related to construction safety, growth in emerging markets, and increased adaptability to alterations in climate conditions. The forecast period is expected to see trend transformations like prefabrication and modular construction, sustainable and eco-friendly resources, innovative wall and ceiling designs, advanced acoustic solutions, and the implementation of digital designs and bim (building information modeling) software systems.
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What key factors are fueling the growth of the dry construction market?
The anticipated surge in the dry construction market is attributed to the growing emphasis on sustainable construction. Global governments are striving to create sustainable and habitable urban spaces. Sustainable construction extensively utilizes dry construction methods to lower energy use, recycle rainwater, and offer cooling for housing and development board (HDB) towns. For example, the US Census Bureau reported in July 2024 that the value of construction projects escalated from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Therefore, the mounting focus on sustainable construction propels the expansion of the dry construction market during the forecast period.
How is the global dry construction market divided into key segments?
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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Who are the key firms paving the way for growth 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
Which trends are expected to transform the dry construction market?
The dry construction market is witnessing a growing trend of technological innovations. Key players in this sector are aiming to fortify their market standing by introducing novel technological solutions. As an example, Trimble, a US-based utilities company with a footprint in the building & construction industry, unveiled the industry’s first Horizontal Steering Control for Soil Compactors in January 2022, marking a milestone in construction automation. This pioneering steering control solution is all-encompassing, compatible with all brands and types of soil compactors. This allows contractors with diverse machinery to realize a quicker return on investment. Trimble Earthwork’s Horizontal Steering Control facilitates automatic steering of a soil compactor along a compaction pass line. This significantly enhances compaction efficiency and quality for operators of varying skill levels by ensuring meticulous overlap between passes. As a result, it aids in achieving superior quality surfaces and consistent compaction, while also minimizing operator fatigue. This groundbreaking technology can be utilized in a range of construction methods, inclusive of dry construction.
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What regions are contributing significantly to the growth of 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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