Press release
Prominent Dry Construction Market Trend for 2025: Introduction Of Technologically Advanced Products
Dry Construction Market
The escalating emphasis on eco-friendly construction practices is predicted to boost the dry construction market's expansion in the coming years. Global governments are exerting efforts to make cities more sustainable and habitable. Dry construction methods are predominantly employed in sustainable building projects to decrease energy use, recycle rainwater, and provide cooling for housing and development board (HDB) towns. For example, the US Census Bureau stated in July 2024 that the worth of construction activities rose from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Consequently, this heightened attention to sustainable building enhances the potency of the dry construction market's growth over the anticipated period.
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What growth opportunities are expected to drive the dry construction market's CAGR through 2034?
In the past few years, there has been a steady increase in the size of the dry construction market. It is projected to expand from $74.36 billion in 2024 to $76.39 billion in 2025, with a compound annual growth rate (CAGR) of 2.7%. This historic period growth is due to factors such as construction and infrastructure projects, building renovations and repairs, the escalating demand for sustainable and green buildings, an increase in regulatory compliance, as well as urbanization and population growth.
The size of the dry construction market is predicted to experience a consistent expansion in the upcoming years, reaching a value of $87.76 billion in 2029 with a 3.5% compound annual growth rate (CAGR). The expected progression during this period is the result of factors such as the advancement in digital construction processes, adherence to circular economy methods, enforcement of construction safety norms, growth in emerging markets, and increasing adaptability to fluctuating climatic conditions. The anticipated period will observe major tendencies such as the adoption of prefabrication and modular construction, utilization of sustainable and environment-friendly materials, inventive applications for wall and ceiling finishes, the development of novel acoustic solutions, and the integration of digital design and building information modeling (bim) software.
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What are the emerging trends shaping the future of the dry construction market?
The surge in technological progression is becoming a prominent trend within the dry construction market. Many leading companies within this sector are aiming to expand their market share through innovative technological developments. As an example, in January 2022, Trimble, a US-based firm specializing in supporting global construction and building industries, launched the first-ever Horizontal Steering Control for Soil Compactors. This move signifies an evolution toward heightened automation within the construction sector. This automated steering control solution is universally compatible, allowing contractors with varied fleets to expedite their return of investment. Trimble Earthwork's Horizontal Steering Control autonomously navigates soil compactors using a defined compaction pass line, enhancing both productivity and quality of compaction, regardless of operator skill level. The technology helps to optimize surface quality and ensure uniform compaction, while subsequently reducing operator fatigue. This cutting-edge technology is applicable for an array of construction methods, including dry construction.
Which growth-oriented segments of the dry construction market are leading the industry's development?
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
Subsegments:
1) By Supporting Framework: Metal Studs and Tracks, Wooden Studs, Steel Frames, Pre-engineered Frames
2) By Boarding: Gypsum Boards (Drywall), Cement Boards, Plywood and Particle Boards, Insulated Boards, Acoustic Boards
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What regions are leading the charge in the dry construction market?
Asia-Pacific was the largest region in the dry construction market in 2024. North America is expected to be the fastest-growing region in the dry construction market during the forecast period. The regions covered in the dry construction market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What companies are at the forefront of innovation in the dry construction market?
Major companies operating in the dry construction market include Saint Gobain SA, Etex Group Ltd., Fletcher Building Limited, USG Boral Pvt. Ltd., Knauf AG, Panel Rey SA, PABCO Building Products LLC, Armstrong World Industries Inc., Georgia pacisific LLC, Beijing New Building Materials Public Limited, 3G Drywall LLC, Cano Estructuras, Knauf Gips KG, USG Corporation, Boral Limited, National Gypsum Company, Compagnie de Saint-Gobain S.A., James Hardie Industries plc, Continental Building Products Inc., CertainTeed Corporation, LafargeHolcim Ltd., Owens Corning, Paneltech Systems Ltd., Pennar Industries Limited, Rondo Building Services Pty Ltd., Siniat Ltd., Tremco Incorporated, VANS Gypsum Pvt. Ltd., Winstone Wallboards Limited, Zhejiang Yulong Building Materials Co. Ltd., China National Building Material Company Limited, Etex Building Performance NV
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What Is Covered In The Dry Construction Global Market Report?
•Market Size Forecast: Examine the dry construction market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the dry construction market for a structured understanding.
•Key Players Overview: Analyze major players in the dry construction market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the dry construction market.
•Segment Contributions: Evaluate how different segments drive overall growth in the dry construction market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the dry construction market.
•Industry Challenges: Identify potential risks and obstacles affecting the dry construction market.
•Competitive Landscape: Review strategic developments in the dry construction market, including expansions, agreements, and new product launches.
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