Canada Drywall Market Report and Forecast 2023-2028

Canada Drywall Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the Canada drywall market reached a value of USD 1,368.5 million in 2022. Aided by the increased urban housing demand and rising trend of residential remodelling, repair, and maintenance, the market is projected to further grow at a CAGR of 5.5% between 2023 and 2028 to reach a value of USD 1,712.4 million by 2028.

Drywall, also known as plasterboard or gypsum board, is a panel made of calcium sulphate dihydrate, with or without additives, and typically extruded between thick sheets of facer and backer paper. It is widely employed in interior construction to create walls and ceilings. In addition to its primary utility as a construction material, drywall offers fire resistance, sound isolation, and durability, making it an essential choice for builders and homeowners.

The surging demand for modern housing solutions and energy-efficient buildings in the country is driving the Canada drywall market growth. Rapid urbanisation and a strong inclination towards green building materials have made drywall a preferred alternative to traditional plaster. The material reduces construction time and is relatively more cost-effective, positioning it as a frontrunner in the building materials sector.

Moreover, renovation activities have witnessed a considerable upswing in Canada, owing to the aging housing stock and the desire for contemporary interiors. Drywall plays a pivotal role in these renovation projects due to its ease of installation and versatility, driving its demand upwards. This remodelling trend, along with a growing population seeking housing, has thus underpinned the steady Canada drywall market expansion.

Another influential factor contributing to the rise of the drywall market in Canada is the industry's continual innovations. Enhanced drywalls, with moisture and mould resistance or improved acoustic properties, cater to the evolving needs of consumers and professionals alike. The incorporation of recycled materials in the production process also aligns with the nation's sustainability goals, thus favouring the Canada drywall market development.

Furthermore, the government's initiatives to boost the construction sector have indirectly benefitted the drywall industry. Infrastructure projects, commercial complexes, and a push for affordable housing have necessitated the increased consumption of construction materials, including drywall. As a testament to its growing indispensability, major real estate developers and builders are steadily increasing their reliance on drywall for both structural and aesthetic purposes.

Market Segmentation

The market can be divided based on type, application, and region.

Market Breakup by Type

• Standard
• Fire Resistant
• Mould/Moisture Resistant

Market Breakup by Application

• Residential
• Commercial

Market Breakup by Region

• Northern Canada
• British Columbia
• Alberta
• The Prairies
• Central Canada
• Atlantic Canada

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Canada drywall companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• CGC Inc.
• CertainTeed
• Georgia-Pacific LLC
• Gold Bond Building Products, LLC.
• Envirowall Partition Systems Limited
• Armstrong World Industries, Inc.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.