Dry Construction Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

The dry construction market share is expected to increase by USD 22.56 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.75%.

This dry construction market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers dry construction market segmentation by end-user (residential building and commercial building) and geography (North America, Europe, APAC, MEA, and South America). The dry construction market report also offers information on several market vendors, including Armstrong World Industries Inc., Boral Ltd., Compagnie de Saint-Gobain SA, CSR Ltd., Etex NV, Fletcher Building Ltd., Grupo Promax, Knauf Gips KG, Pacific Coast Building Products Inc., and Xella International GmbH among others.

What will the Dry Construction Market Size be During the Forecast Period?

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Dry Construction Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rise in global construction and infrastructure development activities is notably driving the dry construction market growth, although factors such as higher cost of dry construction than conventional constructions methods in developing regions may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the dry construction industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Dry Construction Market Driver

The rise in global construction and infrastructure development activities is one of the key factors driving the global dry construction market growth. The growing demand for public infrastructure in emerging economies, such as India and China, is contributing to the growth of the construction industry in these economies. Many new hospitals, educational institutions, stadiums, indoor sports complexes, malls, and mega shopping centers have been built in the past few years because of the growing population and the increasing per capita income of individuals. Government initiatives and major investments in new projects have further boosted the growth of the construction industry. Under this mission, the government is also expected to build new water storage facilities, power infrastructure, and social infrastructures, such as indoor sports complexes, livelihood centers, and community centers. Hence, there is a wide scope for utilizing dry construction techniques in these newly constructed buildings owing to their cost-effectiveness and flexibility. Thus, the above construction and infrastructure development activities are expected to raise the demand exponentially for dry construction during the forecast period.

Key Dry Construction Market Trend

The rising demand for luxury vinyl tile (LVT) flooring will fuel the global dry construction markets growth. LVT is produced by fusing several layers of vinyl and composites, and then the required design is printed on it using advanced printing and embossing technology. The production method of LVTs grants it greater durability than VCT, SVT, or mosaic tiles. This also allows manufacturers to produce high-quality floor tiles in various designs, such as natural hardwood, stone, and other non-conventional shapes and geometric designs. LVT flooring is currently available in tile and plank form factors. The tiles come in either self-adhesive type or locking type, which does not require additional flooring adhesive for installing the tiles. The ease of installation of LVT has made it very popular among builders, professional installers, and even do-it-yourself (DIY) enthusiasts. Most of the major dry flooring product companies have already introduced a wide variety of LVT products in the market, and other companies are expected to follow this trend, as the demand for LVT flooring is growing among the customers. Some of the major brands of LVT available in the market are Adura by Mannington Mills, Alterna by Armstrong, and Allura by Forbo Flooring Systems.

Key Dry Construction Market Challenge

The higher cost of dry construction than conventional construction methods in developing regions is a major challenge for the global dry construction market growth. Dry constructions require prefabricated panels and structures that are made in factories using advanced techniques. Moreover, the wood or gypsum used as a base in wallboards and partitions may not be available in abundance in all countries. This makes the raw materials for dry construction costlier than dry construction and mortar. In some countries, such as the US, where the rate of forest planting is faster than the rate of depletion, the use of wood-based constructions is more sensible and sustainable as the cutting of trees for timber is compensated simultaneously. But most countries, especially developing ones, do not follow such practices, which means that the extensive use of timber in the construction of buildings will result in the rapid depletion of forestry resources and eventually lead to cost escalations due to the reduced supply of raw materials. The prices of dry construction materials have also witnessed a significant rise over the years due to the gap between supply and demand, thereby making dry constructions out of reach for most homebuyers in developing regions.

This dry construction market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global dry construction market as a part of the global construction materials market within the global materials market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the dry construction market during the forecast period.

Who are the Major Dry Construction Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Armstrong World Industries Inc.
• Boral Ltd.
• Compagnie de Saint-Gobain SA
• CSR Ltd.
• Etex NV
• Fletcher Building Ltd.
• Grupo Promax
• Knauf Gips KG
• Pacific Coast Building Products Inc.
• Xella International GmbH

This statistical study of the dry construction market encompasses successful business strategies deployed by the key vendors. The dry construction market is fragmented and the vendors are deploying growth strategies such as are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Armstrong World Industries Inc. - The company offers dry construction such as pre-engineered drywall ceiling suspension systems.

To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The dry construction market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Dry Construction Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the dry construction market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global materials market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for the Dry Construction Market?

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36% of the market's growth will originate from North America during the forecast period. The US is the key market for dry construction market in North America. Market growth in this region will be slower than the growth of the market in regions.

The rise in global construction and infrastructure development activities will facilitate the dry construction market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of the COVID-19 pandemic in 2020 affected the dry construction market in North America, with the US being the worst-hit country. Regulatory bodies in the region imposed a lockdown for several weeks in the first half of 2020 to prevent the spread of the coronavirus, which halted several normal activities, such as industrial manufacturing and transportation. However, the lifting of lockdowns coupled with large-scale vaccination drives and increased government initiatives in the region to fund the small, and medium enterprises (SMEs) will lead to steady market growth during the forecast period.

What are the Revenue-generating End-User Segments in the Dry Construction Market?

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The dry construction market share growth in the residential building segment will be significant during the forecast period. These structures offer strength and versatility to the building framework and help in customizing the styling and aesthetics of traditional home architecture.

This report provides an accurate prediction of the contribution of all the segments to the growth of the dry construction market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Dry Construction Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive dry construction market growth during the next five years
• Precise estimation of the dry construction market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the dry construction industry across North America, Europe, APAC, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of dry construction market vendors

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