Dry Construction Market Size, Share, Growth, Forecast And Industry Report 2023-2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Dry Construction Global Market Report 2023 identifies the increasing focus on sustainable construction as the major driver for the dry construction market's growth in the forecast period. Governments across the world are focusing on making towns more sustainable and livable. Dry construction techniques are mostly used in sustainable construction to reduce energy consumption, recycle rainwater, and cool housing and development board (HDB) towns. In February 2020, the government of Singapore announced a new programme to ensure sustainable living in Singapore. The program, named "Green Towns," with an investment of $1.8 billion from the Singapore central bank, will focus on reducing energy consumption, recycling rainwater, and other issues. Hence, raising awareness and investing in green town programmes drives the dry construction market.

The global dry construction market size grew from $71.21 billion in 2022 to $73.58 billion in 2023 at a compound annual growth rate (CAGR) of 3.3%. 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 market size of global dry construction is expected to grow to $83.36 billion in 2027 at a CAGR of 3.2%.

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Major competitors in the dry construction market are Saint Gobain, Xella Group, Etex Group, Fletcher Building, USG Boral.

A key trend in the dry construction market includes technological advancement. Major stakeholders operating in the dry construction sector are focused on developing new technological solutions to strengthen their position. For instance, in November 2020, the Central Public Works Department (CPWD), under the Ministry of Housing and Urban Affairs in India, adopted a non-polluting, dry construction and environment-friendly technology called LGSF (light gauge steel frame) to construct two major office blocks. The use of new construction materials and technologies is sustainable and environmentally friendly, as well as cost-effective and faster, which reduced construction time from 24 to 30 months.

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The dry construction market is segmented -
•By Type: Supporting Framework, Boarding
•By Material: Plasterboard, Wood, Metal, Plastic
•By System: Ceiling System, Wall System, Flooring System
•By Application: Residential, Non Residential
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the dry construction market.

The Business Research Company's "Global Dry Construction Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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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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