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Surging Residential Constructions Fuel Growth In Drywall And Insulation Contractors Market: Transformative Forces Shaping the Drywall And Insulation Contractors Market Landscape in 2025
Drywall And Insulation Contractors
What Will the Drywall And Insulation Contractors Industry Market Size Be by 2025?
The market size of drywall and insulation contractors has observed significant growth in recent times. Its expansion is predicted to continue, increasing from $519.87 billion in 2024 to $571.09 billion in 2025 with a compound annual growth rate (CAGR) of 9.9%. Factors such as a thriving construction and real estate sector, housing market patterns, energy efficiency measures and building codes, renovation and remodeling operations, as well as population growth and urbanization have contributed to the growth experienced in the past.
What's the Long-Term Growth Forecast for the Drywall And Insulation Contractors Market Size Through 2029?
The market for drywall and insulation contractors is forecasted to experience robust expansion in the coming years, with expectations to reach $807.82 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.1%. This increase during the prediction period is due to factors such as green building techniques, governmental incentives promoting energy efficiency, green building certificates, affordable housing programs, and the embrace of smart home technologies. The anticipated trends for this period encompass the use of digital instruments for design and strategic planning, fire-resistant insulation products, a surge in demand for drywall finishes, weather-resilient insulation systems, gaps in skilled labor supply, and workforce training.
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What Are the Key Growth Drivers Fueling the Drywall And Insulation Contractors Market Expansion?
The surge in residential building activities is anticipated to spur the expansion of the drywall and insulation contractors market. When it comes to residential construction, the creation of new buildings or the renovation of existing ones such as apartments and personally occupied housing units comes into play. Drywall and insulation contractors are responsible for carrying out a range of tasks such as dry walling, plastering, and insulating residential buildings to significantly decrease wind drafts, particularly during winter or blustery periods. These measures help regulate home temperature through the use of an extra layer. An example of this growth is reflected in a report from the UK's Office for National Statistics, which noted in May 2024, a rise of 15.9% ($1866 million) (£1,436 million) in total new construction orders in the first quarter of 2024 compared to the last quarter of 2023. This increase was mainly attributed to an escalation in private commercial new work, displaying an upsurge of 27.9% ($909 million) (£700 million), and public other new work, which recorded a hefty increase of 43.8% ($696 million) (£536 million). Hence, the rising residential construction activities are fuelling the growth of the drywall and insulation contractors market.
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What Are the Key Trends Driving Drywall And Insulation Contractors Market Growth?
Technological innovation is a leading trend witnessed in the drywall and insulation contractors' industry. Major businesses in this market are focusing on technology-driven products to maintain their competitiveness. In January 2022, for example, Canvas, a construction robotics start-up from the US, revealed a robot designed to finish drywall. This innovative move aims to enhance safety in drywall finishing and make the work more appealing to a dwindling workforce. The Canvas system can automate mudding and sanding, which are considered the most difficult stages in drywall finishing. With this technology, projects can be accomplished more quickly while maintaining high consistency in quality.
How Is the Drywall And Insulation Contractors Market Segmented?
The drywall and insulation contractors market covered in this report is segmented -
1) By Type: Standard, Fire-Resistant, Mold Or Moisture Resistant
2) By Application: Construction And Decoration, Furniture Manufacturing
3) By End User: Residential, Commercial
Subsegments:
1) By Standard: Regular Gypsum Board, Lightweight Drywall
2) By Fire-Resistant: Type X Gypsum Board: Type C Gypsum Board
3) By Mold Or Moisture-Resistant: Green Board, Blue Board, Cement Board
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Which Companies Are Leading the Charge in Drywall And Insulation Contractors Market Innovation?
Major companies operating in the drywall and insulation contractors market include CRM Construction Inc., MDB Construction & Restoration Services LLC, Contemporary Wall Systems Inc., Contract Applicators Inc., Eagle Painting Company Inc., Canin Coatings Inc., EJN General Contractor LLC, Adept Construction Services Ltd., AAP Construction Group Corp., Henderson-Johnson Co. Inc., Flagler County Painting LLC, Asher Contractors LLC, McCahill Painting Co., Jays and Fancy Interiors Inc., Installed Building Products Inc., TruTeam Software Solutions, Masco Corporation, TopBuild Corp., Knauf Fiber Glass, Owens Corning Fiberglass Company, CertainTeed Corporation, Johns Manville Corp., GMS Inc., Bay Insulation Systems Inc., Thermafiber Inc., Cellofoam North America Inc., Guardian Building Products Inc., Rmax Operating LLC, KPS Global LLC, Atlas Roofing Corporation, Carlisle Construction Materials LLC, GAF Materials Corporation, Firestone Building Products Ltd., Henry Company, Sika Corporation, Tremco Incorporated, BASF Corporation, Dow Chemical Company, Huntsman Corporation, Lapolla Industries Inc., North Carolina Foam Industries, Rhino Linings Corporation, Spray Foam Systems LLC, Demilec Inc., Covestro LLC, General Coatings Manufacturing Corp.
Which Regions Are Leading the Global Drywall And Insulation Contractors Market in Revenue?
Europe was the largest region in the drywall and insulation contractors' market in 2024. Asia-Pacific is expected to be the fastest-growing region in the drywall and insulation contractors' market during the forecast period. The regions covered in the drywall and insulation contractors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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