Drywall And Insulation Contractors Market To Witness Huge Growth By Major Players Like Gottstein Corporation, CRM Construction Inc., MDB Construction & Restoration Services LLC
Drywall And Insulation Contractors Market Size, Growth Rate, And Forecast
The global drywall and insulation contractors market size is expected to grow from $474.33 billion in 2022 to $529.04 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global drywall and insulation contractors market size is expected to reach $782.29 billion in 2027 at a CAGR of 10.3%.
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Drywall And Insulation Contractors Market Drivers
The increasing number of residential constructions are expected to propel the growth of the drywall and insulation contractors market going forward. Residential construction involves the construction of new spaces or renovation of old spaces such as buildings, apartments, and housing units that are intended for personal occupancy. Drywall and insulation contractors perform various tasks such as dry walling, plastering, and insulation for residential buildings or spaces to reduce drafts significantly, especially in the winter and windy months. They are used to maintain the home's temperature with the aid of an additional layer. For instance, in 2022, according to a report shared by ToolSense, an Austria-based software company related to construction, facility services, mining, agriculture, logistics, or manufacturing, the number of housing units built in 2021 was 1,337,800, a 4% rise over the previous year. Between March and July 2020, the volume of residential building rose by 275%. Therefore, the increasing number of residential constructions are driving the growth of the drywall and insulation contractors market.
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Drywall And Insulation Contractors Market Segments
• By Type: Standard, Fire-resistant, Mould Or Moisture resistant
• By Application: Construction And Decoration, Furniture Manufacturing
• By End User: Residential, Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the drywall and insulation contractors market.
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Drywall And Insulation Contractors Market Key Players
Major competitors in the drywall and insulation contractors market are Gottstein Corporation, CRM Construction Inc., MDB Construction & Restoration Services LLC, Contemporary Wall Systems Inc., Contract Applicators Inc., Eagle Painting Company Inc., Canin Coatings Inc.
The Business Research Company's "Global Drywall And Insulation Contractors Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Drywall And Insulation Contractors Market Include:
1. Executive Summary
2. Drywall And Insulation Contractors Market Characteristics
3. Drywall And Insulation Contractors Market Trends And Strategies
4. Drywall And Insulation Contractors Market - Macro Economic Scenario
5. Drywall And Insulation Contractors Market Size And Growth
27. Drywall And Insulation Contractors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Drywall And Insulation Contractors Market
29. Drywall And Insulation Contractors Market Future Outlook and Potential Analysis
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