Global Dry Construction Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Dry Construction Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Dry construction is a professional method of indoor construction using industrial prefabricated building systems. Usually refers to the use of dry materials such as gypsum board and plywood instead of brick, concrete or plaster for construction.

Market Overview:

The latest research study on the global Dry Construction market finds that the global Dry Construction market reached a value of USD 80584.0 million in 2022. It’s expected that the market will achieve USD 108639.0 million by 2028, exhibiting a CAGR of 5.1% during the forecast period.

Influence of COVID-19 Outbreak on Dry Construction Industry Development

The outbreak of the epidemic caused a substantial increase in project costs
The whole society has the lowest social cost when it runs smoothly, and the project has the lowest cost when it balances a reasonable construction period. For some projects to start work before the epidemic is completely over, difficulties must be overcome and epidemic prevention management must be done strictly, leading to increased epidemic prevention costs and reduced work efficiency. Due to supply chain imbalances and material shortages during the epidemic, project costs have increased. After the epidemic is over, a large number of projects quickly resumed work, and a series of resources such as personnel, materials, and equipment will reach peak demand, causing serious imbalances in the supply chain and shortage of resources in the entire industry. It is very likely that the prices of various resources will rise rapidly. The emergence of the epidemic has led to personnel detention, logistics stagnation, and regional segmentation. Such a large and complex supply chain must take a certain amount of time to resume as usual. When the project is started on a large scale, it will be chaotic and unbalanced to a large extent. Status, both in terms of project cost and work efficiency will have a negative impact.

The emergence of the epidemic has caused the construction progress of the project to be greatly delayed

The epidemic has changed everything. The pace of the construction industry has been disrupted, people cannot flow normally, construction cannot be carried out, materials cannot be transported, and the supply chain of the construction industry has stalled. If the project cannot be constructed, the operation and management of the natural construction enterprise has become a tree without roots and water without a source. The project cannot be advanced, and naturally there is no engineering quantity that can be settled, and the payment is also empty talk. In the context of epidemic prevention and control, companies are basically in a state of stagnant operations, which will inevitably put huge pressure on companies to complete their annual goals.

Opportunities

The advancement of the industrialization of new types of buildings and the realization of carbon neutrality have caused the construction industry to always attract attention. Countries have launched strategic deployments around new technologies and new materials such as prefabricated buildings, intelligent construction, and green building materials to accurately assist the construction industry in green and energy-saving construction.

Realize low consumption, low emission and high efficiency of engineering construction through new generation of information technology and green building materials. The advent of the 5G era provides a guarantee for the development of the construction field, which can promote the development efficiency of the construction industry through data and information. In the future, the construction industry will achieve the dual goals of transformation and upgrading and technological integration, and promote low-carbon development in the construction sector. As a part of the construction industry, dry construction must naturally follow the development trend.

In the context of continuous technological advancement and the penetration of green environmental protection concepts in all walks of life, smart buildings and smart building materials have become hot topics.

Smart buildings are a key contributor to the future low-carbon economy, and information systems and smart building applications will be perfectly combined and integrated. More and more researchers agree that smart building applications need to have hardware system awareness. In the long run, smart building applications will require multiple layers of software/hardware adaptability to achieve high-quality services and energy/cost reduction.

Intelligent building materials are materials that can respond to changes in their conditions or the environment in a useful and controllable manner. The inputs that cause changes in the properties of smart materials may be changes in mechanical stress/strain, electric/magnetic field or temperature, humidity, pH, and light. Their unique characteristics make them important materials in many engineering and scientific fields. They are used in civil engineering projects to help improve the performance, comfort and energy efficiency of the structure.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Saint Gobain is one of the major players operating in the Dry Construction market, holding a share of 5.74% in 2021.
Lancaster, Pa.–based ceiling and flooring manufacturer Armstrong World Industries announced that it has signed a contract to acquire Johnstown, Ohio–based manufacturer of metal ceilings and specialty systems Steel Ceilings (SCI). This acquisition will expand Armstrong's portfolio of architectural specialty products and will widen its customer reach.
Saint-Gobain announced that it has reached an agreement to acquire Chryso from a fund advised by international private equity firm Cinven. Chryso is a global leader in the construction chemicals market, providing differentiated and innovative solutions. Chryso relies on innovative chemistry, formulation expertise and building materials knowledge to provide comprehensive additive solutions for sustainable buildings.

Segmentation Overview:

Among different product types, Wall segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Residential segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Dry Construction market covered in Chapter 3:

Armstrong World Industries
Fletcher Building Limited
USG Boral Limited
Saint Gobain
CSR Limited
Knauf Gips KG
Xella Group
Pabco Gypsum
Panel Rey
Etex Group
BNBMPLC

In Chapter 4 and Chapter 14.2, on the basis of types, the Dry Construction market from 2018 to 2029 is primarily split into:

Wall
Ceiling
Flooring
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Dry Construction market from 2018 to 2029 covers:

Residential
Non-residential

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)