Press release
Top Players and Competitive Overview in the Building Finishing Contractors Market
The building finishing contractors sector is poised for significant expansion as demand for advanced finishing solutions continues to rise. Driven by rising interest in sustainability and modern construction methods, this market is set to experience remarkable growth in the coming years. Let's delve into the current market size, leading companies, emerging trends, and key segments shaping this industry's future.Forecasted Market Size and Growth Trajectory of the Building Finishing Contractors Market
The building finishing contractors market is projected to reach a substantial $2067.94 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.1%. This impressive rise reflects increasing preferences for sustainable finishing materials and the growing use of prefabricated finish systems. Additionally, the surge in digital tools for project estimation, expanded commercial interior renovations, and an emphasis on energy-efficient insulation materials are major contributors to this expansion. Notable trends expected to influence the market during this period include heightened demand for superior interior finishes, wider adoption of prefabricated materials, increased use of low-VOC paints and coatings, a shift toward contemporary flooring options, and a rising need for advanced carpentry and trim work.
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Top Companies Leading the Building Finishing Contractors Market
The industry landscape is dominated by well-established players such as Fletcher Building Ltd., NCI Building Systems Inc., Interserve Plc, APi Group Inc., and Performance Contracting Group Inc. Other notable companies include Cleveland Construction Inc., Irex Corp of Lancaster, Sherwin-Williams Company, Pittsburgh Plate Glass Industries, Inc., RPM International Inc., The Valspar Corporation, Benjamin Moore & Co., Behr Process Corporation, Rust-Oleum Corporation, Akzo Nobel N.V., Axalta Coating Systems Ltd., and Badische Anilin und Soda-Fabrik SE. Additionally, major chemical and materials companies like The Dow Chemical Company, DuPont de Nemours, Inc., Eastman Chemical Company, and 3M Company contribute to the market. Firms such as Avery Dennison Corporation, Bostik SA, Franklin International Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, Illinois Tool Works Inc., ITW Performance Polymers & Fluids, Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., Pidilite Industries Ltd., Sika AG, United States Gypsum Corporation, Armstrong World Industries Inc., CertainTeed Corporation, and Georgia-Pacific LLC also play significant roles.
A Recent Acquisition Highlighting Market Expansion in Building Finishing
In November 2024, Shawmut Design and Construction, a US-based construction management firm, acquired First Finish for an undisclosed sum. This strategic move is aimed at broadening Shawmut's hospitality construction portfolio and enhancing its renovation capabilities. First Finish specializes in building finishing and renovation services specifically tailored for hotels and commercial properties. The acquisition will enable Shawmut to provide a comprehensive offering that integrates design, construction, and finishing expertise under one umbrella.
View the full building finishing contractors market report:
https://www.thebusinessresearchcompany.com/report/building-finishing-contractors-global-market-report
Innovations and Emerging Trends Shaping the Future of the Building Finishing Contractors Market
Leading companies in this sector are increasingly introducing innovative solutions, including digital platforms that simplify procurement and improve project efficiency. These advancements are crucial for maintaining competitive advantages. For example, the Building Material Platform app streamlines the sourcing and management of construction materials for contractors and builders. In April 2023, Mistry.Store, an India-based platform, launched an app designed exclusively for home-building professionals such as architects, designers, and contractors. Available on both Android and iOS, the app offers access to over 1500 products, simplified ordering and delivery, project management tools, and a comprehensive dashboard for tracking earnings and transactions.
Detailed Segmentation of the Global Building Finishing Contractors Market
This report breaks down the building finishing contractors market into several key segments:
1) By Type: Drywall and Insulation Contractors, Painting and Wall Covering Contractors, Flooring Contractors, Tile and Terrazzo Contractors, Finish Carpentry Contractors, and Other Building Finishing Contractors.
2) By Service Provider: Large Chain Companies and Independent Contractors.
3) By Mode: Online and Offline.
4) By Application: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, and Other Applications.
Further subcategories include:
- Drywall and Insulation Contractors subdivided into Drywall Contractors and Insulation Contractors.
- Painting and Wall Covering Contractors divided into Interior Painting Contractors, Exterior Painting Contractors, Wallpaper Contractors, and Other Wall Covering Contractors.
- Flooring Contractors categorized into Carpet Installation Contractors, Hardwood Floor Contractors, Ceramic Tile Installation Contractors, Vinyl and Linoleum Flooring Contractors, and Other Flooring Contractors.
- Tile and Terrazzo Contractors covering Ceramic Tile Contractors, Terrazzo Flooring Contractors, Marble and Stone Tile Contractors, and Other Tile and Terrazzo Contractors.
- Finish Carpentry Contractors including Cabinet Installation Contractors, Millwork Contractors, Trim and Molding Contractors, Door and Window Installation Contractors, and Other Finish Carpentry Contractors.
- Other Building Finishing Contractors such as Stucco Contractors, Plaster Contractors, Soundproofing Contractors, and Other Specialty Finishing Contractors.
This granular segmentation provides a clear view of the various specialized services and categories that contribute to the broader building finishing contractors market.
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