Dry Construction Material Market Scope
Dry construction refers to the use of dry materials such as metals, plastic and plywood for the purpose of construction instead of using a mixture of bricks, concrete or plaster. There has been an upsurge in global construction and infrastructure development activities in the past few year in the construction industry. Further, Rapid deployment and other advantages of dry construction, adoption of energy and resource efficient construction methods are some of the factors driving the Global Dry Construction Material Market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Knauf Gips KG (Germany), Saint Gobain (India), BaoWu Steel Corporation Ltd. (China), ArcelorMittal (United Kingdom), USG Corporation (India), Corporate Social Responsibility Ltd. (United States), Nippon (Japan), Etex (Belgium), Boral (Australia), Arauco (United States) and AWI (United States) |
CAGR | 5.67% |
The market is fragmented with numerous market players. Moreover, environmental and the Government regulations may restrict the new entrants for the market. China is the largest supplier of dry construction material, with a production market share, Europe being the second largest supplier. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Dry Construction Material market throughout the predicted period.
Knauf Gips KG (Germany), Saint Gobain (India), BaoWu Steel Corporation Ltd. (China), ArcelorMittal (United Kingdom), USG Corporation (India), Corporate Social Responsibility Ltd. (United States), Nippon (Japan), Etex (Belgium), Boral (Australia), Arauco (United States) and AWI (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Fletcher Building Ltd. (New Zealand), Kronospan (Austria) and BNBM PNG Ltd.(China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Dry Construction Material market by Type , by Application (Residential, Non-Residential [Commercial, Health care, Hospitality and Others]) and Region with country level break-up.
On the basis of geography, the market of Dry Construction Material has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In November 2023, German building materials giant Knauf Group announced its acquisition of USG Corporation, a leading North American manufacturer of drywall, ceilings, and related products. This deal creates a global powerhouse in the dry construction market.
Influencing Trend:
Increasing Focus Towards Sustainable Building Techniques, Promotion of Eco-Friendly Technology By Regulatory Bodies and Rising Awareness for Global Warming and Increasing Environmental Concerns
Market Growth Drivers:
Rapidly Growing Population and Construction Industry, Rising Industrialization and Increase in Adoption of Lightweight Materials
Challenges:
Waste Generated by Dry Construction Materials
Restraints:
Lack of Awareness Among Consumers About Recycling Plasterboards and High Cost Factor Associated With Dry Construction Materials
Opportunities:
Increasing Per-capita Income of Consumers and Replacement of Floors
Key Target Audience
Dry Construction Material Manufacturers, Potential Investors, Downstream Vendors, Government and Regulatory Bodies, Industry Associations and Raw Material Suppliers