Dry Construction Market Thrives on Green Building Demand, Set to Grow to $84.67 Billion by 2028

The dry construction market has exhibited consistent growth, with a rise from $72.78 billion in 2023 to $75.01 billion in 2024, reflecting a Compound Annual Growth Rate (CAGR) of 3.1%. The market is poised for continued expansion, with projections indicating growth to $84.67 billion by 2028, maintaining a steady CAGR of 3.1%.

Key Growth Drivers:

1. Emphasis on Sustainable Construction:
The increasing global focus on sustainable construction emerges as a primary driver propelling the dry construction market. Governments worldwide prioritize creating sustainable and livable urban areas. Dry construction techniques play a pivotal role in sustainable construction by reducing energy consumption, recycling rainwater, and enhancing the environmental efficiency of housing and development board (HDB) towns.

2. Surge in Demand for Green Buildings:
The growing demand for green buildings contributes significantly to the upward trajectory of the dry construction market. Green building practices involve ecologically responsible and resource-efficient design, construction, and operation. Dry construction, with its reduced water usage and reliance on industrially prefabricated components, aligns seamlessly with green building principles. The shift towards green buildings is evident in the increased supply of green certified buildings, exemplified by a 37% surge in certified stock reported by CBRE India in April 2022.

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Leading Market Players:
Major companies driving the dry construction market include Saint Gobain SA, Haniel Bau-Industrie, Etex Group Ltd., Fletcher Building Limited, and USG Boral Pvt. Ltd. These industry leaders contribute significantly to meeting the growing demand for dry construction solutions.

Market Trends:

1. Introduction of Technologically Advanced Products:
Technological advancement stands out as a prominent trend in the dry construction market. Companies focus on developing innovative technological solutions to fortify their market positions. Trimble's introduction of Horizontal Steering Control for Soil Compactors in January 2022 exemplifies this trend, showcasing a step towards increased automation in the construction industry, particularly in dry construction techniques.

2. 3D Printing Transforming Sustainable Building Design:
The integration of 3D printing technology in the construction industry, particularly for dry construction, is a transformative trend. This technology allows for the creation of various building components and entire structures with benefits such as reduced material waste, faster construction times, and the ability to achieve intricate and customized designs. A notable example is the construction of Europe's largest 3D-printed building by MENSE KORTE in August 2023, highlighting the sustainability and design flexibility offered by 3D printing in dry construction.

Regional Dynamics and Market Segmentation:
Asia-Pacific dominates the dry construction market in 2023, with North America expected to be the fastest-growing region during the forecast period.

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

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Dry Construction Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Dry Construction Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on dry construction market size, dry construction market drivers and trends, dry construction market major players, competitors' revenues, market positioning, and dry construction market growth across geographies. The dry construction market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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