Worldwide Demand for Dry Construction Market Is Forecasted to Rise at A CAGR of 5.2% by 2033

According to Fact.MR, a source of market research and competitive information, the global dry construction market will reach a value of US$127.1 billion in 2023. Between 2023 and 2033, the market for dry construction worldwide is anticipated to grow at a CAGR of 5.2%.

The majority of people are choosing eco-friendly construction methods as a result of growing environmental consciousness and concerns about global warming, which is projected to have a favourable effect on dry construction projects. Residential buildings are in high demand as a result of the growing world population and its housing needs.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:https://www.factmr.com/connectus/sample?flag=S&rep_id=8841?PJ

Additionally, as people's disposable income increases, more money is being invested in different construction projects. The adoption of eco-friendly building techniques is being encouraged by regulatory organisations, which is anticipated to increase demand for dry construction techniques globally.

A specialised method called "dry construction" seeks to use less water and have a smaller negative environmental impact. Dry building is lighter than traditional brickwork and cement, which results in quicker construction timeframes.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲

• The global dry construction market reached a size of US$ 120.9 billion in 2022.
• The market is predicted to expand at a 5.2% CAGR from 2023 to 2033.
• Sales of dry construction products are anticipated to reach US$ 212 billion by 2033-end.
• The United States market reached a valuation of US$ 32.1 billion in 2022.
• Demand for dry construction in China is predicted to rise at a CAGR of 8.2% and reach a value of US$ 41.3 billion by 2033.
• The German market is projected to advance at a CAGR of 3.8% through 2033.
• Worldwide demand for plasterboards is predicted to increase at a CAGR of 5.9% and reach a value of US$ 100.7 billion by 2033-end.
• Sales of dry construction in Japan are forecasted to rise at 3.1% CAGR from 2023 to 2033.

"Changing preferences towards sustainable building techniques and imposition of regulations to incorporate eco-friendly construction practices are set to drive the demand for dry construction," says a Fact.MR analyst.

𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐓𝐫𝐚𝐜𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐏𝐥𝐚𝐬𝐭𝐞𝐫𝐛𝐨𝐚𝐫𝐝𝐬 𝐖𝐢𝐝𝐞𝐧𝐢𝐧𝐠 𝐇𝐨𝐫𝐢𝐳𝐨𝐧 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

Among other materials used in dry construction, demand for plasterboards is projected to accelerate at a steady CAGR of 5.9% from 2023 to 2033. There are several advantages associated with plasterboards, including fire safety, moisture resistance, ease of installation, and reduced construction time. These features of plasterboards are contributing to their increased demand in residential as well as non-residential construction.

𝐇𝐢𝐠𝐡 𝐂𝐨𝐬𝐭 𝐨𝐟 𝐑𝐚𝐰 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬 𝐚𝐧𝐝 𝐒𝐭𝐫𝐢𝐧𝐠𝐞𝐧𝐭 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬 𝐇𝐢𝐧𝐝𝐞𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

There are certain drawbacks associated with dry construction. Dry construction sometimes leads to generating a significant amount of waste and its disposal can become an issue that is further predicted to negatively impact market expansion.
Adoption of dry construction practices may be hindered by the cost involved, potentially impacting its widespread adoption. Additionally, stringent government regulations could limit opportunities for expansion in the dry construction industry.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

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.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

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 are some prominent players that are operating in the dry construction landscape at a global level.

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

𝐌𝐨𝐫𝐞 𝐕𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐨𝐧 𝐎𝐟𝐟𝐞𝐫

Fact.MR, in its new offering, presents an unbiased analysis of the dry construction market, presenting historical demand data for 2018 to 2022 and forecast statistics for 2023 to 2033.

The study divulges essential insights into the market based on material (plasterboards, metal, plastic, wood), system (wall systems, flooring systems, ceiling systems), and application (residential, non-residential), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:https://www.factmr.com/connectus/sample?flag=RC&rep_id=8841?PJ

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This release was published on openPR.