Dry Construction Market

Dry Construction Market Outlook (2023 to 2033)

As per this new study by Fact.MR, the global dry construction market stands at US$ 127.1 billion in 2023. Worldwide demand for dry construction is forecasted to rise at a CAGR of 5.2% and reach a market valuation of US$ 212 billion by 2033-end.

Growing urbanization and industrialization are leading to increased growth in the construction industry and are fueling the demand for dry construction. In recent years, there has been a significant increase in the adoption of lightweight and sustainable construction practices.

Governments in developed countries are actively promoting and supporting dry construction practices by implementing various regulations. Dry construction involves the use of dry materials such as plywood and gypsum boards for construction purposes, rather than traditional materials like plaster, concrete, and bricks.

• Demand for plasterboards is projected to rise at a CAGR of 5.9% and reach a market size of US$ 100.7 billion by 2033.
• The United States market for dry construction was valued at US$ 32.1 billion in 2022.

There are several advantages associated with the adoption of dry construction practices, including moisture resistance, ease of installation, better sound and thermal insulation, fire safety, and reduced construction time. Boards or panels are installed on different metal structures in dry construction to build walls (exterior and interior), windows, ceilings, and other systems. This can offer freedom of design and reduce the time for construction by up to 50%.

Dry construction practices do not need any additional time for dying and are safe, quick, and ensure quality construction assembly. These practices are adopted extensively in the construction of homes, offices, and various other structures.

Despite several merits, there are a few drawbacks associated with the adoption of dry construction practices. The waste that is generated through dry construction leads to disposal issues for manufacturers. Moreover, higher prices of dry construction are predicted to limit their adoption, which is projected to adversely impact expansion opportunities.

A detailed research report containing the dynamics of the dry construction landscape has been published by Fact.MR, a market research and competitive intelligence provider. This report not only covers thorough insights into different market dynamics but also incidences of new product launches. Key segments, growth-driving factors, major obstacles, a country-level analysis, and various other facets are covered in this newly published report.

Report Attributes	Details
Dry Construction Market Size (2022)	US$ 120.9 Billion
Estimated Market Value (2023)	US$ 127.1 Billion
Forecasted Market Value (2033)	US$ 212 Billion
Global Market Growth Rate (2023 to 2033)	5.2% CAGR
Plasterboards Segment Market Value (2033)	US$ 100.7 Billion
United States Market Value (2022)	US$ 32.1 Billion
China Market Growth Rate (2023 to 2033)	8.2% CAGR
Germany Market Growth Rate (2023 to 2033)	3.8% CAGR
Key Companies Profiled	Armstrong World Industries, Inc. Etex SA CSR Ltd. Fletcher Building Limited PABCO Gypsum Knauf Gips KG Panel Rey Xella Group Saint-Gobain SA USG Boral

What are the Factors Driving Market Opportunities for Dry Construction Companies?

“Increasing Adoption of Environment-friendly Construction Practices”

In recent years, there has been a notable surge in the adoption of lightweight construction practices, driven by increased consumer awareness of environmental impact. End users are now prioritizing improved housing technologies, creating favorable conditions for market growth. The cost-effectiveness of dry construction compared to wet construction is leading to increased construction activities across various sectors.

Dry construction is gaining rapid popularity in commercial, industrial, and residential projects, contributing to revenue growth for industry players. Governments worldwide are also taking initiatives, including regulatory frameworks, to encourage and support the adoption of dry construction practices.

“Growing Emphasis on Sustainable Building Practices”

The rising global population is leading to increased demand for residential space. Increasing awareness related to dry construction materials is boosting their demand around the world. Changing preferences of end users towards sustainable building practices are creating new opportunities for industry players.

Governments around the world are also implementing initiatives to promote the adoption of green technology, further driving the growth of the dry construction landscape. As more emphasis is placed on environmentally-friendly practices, the demand for dry construction is expected to continue increasing.

Why is Demand for Dry Construction Losing Ground to Some Extent?

“Challenges in Dry Construction Waste Disposal and Dearth of Universal Directives”

The disposal of synthetic materials from dry construction waste, including metal, plastic, and glass, is a major challenge. A dearth of universal directives related to the use of dry construction is predicted to hamper industry expansion in the coming decade.

Several countries around the world are adopting dry construction practices. A lack of uniformity in directives and legislation related to the application of dry construction is adversely impacting growth opportunities. It becomes difficult for companies to match directives and legislations according to countries that are predicted to discourage investment in the market.

“Limited Awareness about Benefits of Dry Construction Practices”

Limited awareness about dry construction practices is projected to limit their adoption in the coming years. Demand for dry construction practices is relatively restrained in underdeveloped countries due to their comparatively lower adoption of these methods.

How are New Companies Capitalizing on Certain Market Trends?

“Start-ups Prioritizing Automation and Innovation to Enhance Their Market Share”

Start-ups that are trying to enter into the competitive landscape of dry construction are investing heavily in R&D activities. The majority of manufacturers are looking to increase the efficiency of construction and reduce waste at a significant rate. Ultralightweight divider walls, acoustic barriers, precast concrete & drywall techniques, and modular construction are some key innovations that are projected to help new entrants establish themselves and gain profit.

Building information modeling (BIM), autonomous automation, and 3D printing are some key innovations that are anticipated to revolutionize the dry construction landscape.

Country-wise Insights

Why are Companies Eyeing the United States to Enhance Their Profitability?

“Insufficient Availability of Raw Materials Required for Wet Construction Boosting Adoption of Dry Construction”

The United States market was valued at US$ 32.1 billion in 2022. Insufficient supply of various raw materials that are used in wet construction is leading to the rising adoption of dry construction practices. In addition, increasing activities related to building renovation are also fueling opportunities for players.

What Makes the United Kingdom and Germany Prominent Markets in Europe?

“Need for Faster Construction Completion Times Fueling Demand for Dry Construction Solutions”

Demand for dry construction in Germany is predicted to rise at a CAGR of 3.8% from 2023 to 2033. The majority of consumers in Germany and the United Kingdom prefer construction practices that can be completed in a shorter duration. Due to their ability to meet this criterion, dry construction solutions have seen increased adoption in these countries.

Why are India and China Adopting Dry Construction Materials Significantly?

“Preference for Prefabricated Dry Construction Systems Driven by Growing Housing Needs”

The Chinese market is forecasted to advance at an 8.2% CAGR and is set to reach US$ 41.3 billion by the end of 2033.

The construction industry in India, China, and other countries in the Asia Pacific region is experiencing significant growth due to the increasing population and demand for homes. As a result, many end users are turning to prefabricated dry construction systems as a favorable option.

Growing preference for qualitative in-house dry construction products at pocket-friendly prices in comparison with wet construction materials is projected to bolster opportunities for players. There are a lot of consumers that are giving preference to sustainable building techniques, which is also driving opportunities for suppliers.

Category-wise Insights

Why is the Residential Sector Set to Remain the Backbone of the Dry Construction Industry?

“Growing Traction for Smart Dwellings Generating Demand for Dry Construction Materials”

The residential sector is anticipated to drive demand for dry construction practices significantly. The rising demand for affordable smart dwellings is leading to increased sales of dry construction products. Homeowners can enjoy various eco-friendly options for lightweight construction materials and sustainable living for efficient and quick construction.

Rapid urbanization is leading to a growing demand for housing as a significant number of people are migrating to cities. The residential sector offers excellent solutions for environmentally friendly and affordable housing options. Availability of energy-efficient building materials and intelligent home technologies is gaining popularity among various homeowners, which is also contributing to global market revenue streams.

Which Material is Prominently Used in Dry Construction Methods?

“Construction-friendly Features of Plasterboards Stimulating Their Adoption for Residential and Non-residential Construction Projects”

Plasterboards, metal, plastic, and wood are some prominent raw materials that are used in dry construction practices. Among these, plasterboards are extensively used raw materials in the industry. Sales of plasterboards are projected to advance at a CAGR of 5.9% to reach US$ 100.7 billion by 2033.

Plasterboards provide various advantages, including reduced construction time and moisture resistance. Moreover, they are also used due to their easy installation and fire safety features in residential as well as non-residential construction practices.

Plasterboards are prominently used for artificial ceilings and partition walls, making them versatile materials for contemporary construction.

Key Market Players

Some prominent dealers are investing in strengthening their supply chain management systems, maintaining product standards, and ensuring quality control.

Players are involved in mergers, acquisitions, and collaborations to expand the reach of their products across geographies and thus generate profits.

For instance :

• Armstrong World Industries is an international designer & manufacturer of ceilings and walls and is headquartered in the United States. In December 2020, Armstrong acquired Arktura, LLC. This acquisition is predicted to make Armstrong’s position stronger and enhance its product portfolio and capabilities. The latter is a designer and manufacturer of standard and customizable ceiling and wall systems in the United States.

Prominent companies operating 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.

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