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The drywall texture market in North America is estimated to grow at a CAGR of 4.06% between 2022 and 2027. The size of the market is forecast to increase by USD 59.85 million. The growth of the market depends on several factors, including the rising number of infrastructural and construction activities, the advent of e-commerce, free pickup, and delivery opportunities by key competitors, and the benefits of drywall texture.
This report extensively covers market segmentation by type (regular, moisture-resistant, fire-resistant, and others) and application (spray and texture roller). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The rising number of infrastructural and construction activities is notably driving the market growth, although factors such as the fluctuation in the cost of raw materials may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Drywall Texture Market Driver In North America
The rising number of infrastructural and construction activities is the key factor driving the drywall texture market growth in North America. Increasing construction activity in developed nations including the US, Canada, and Mexico is anticipated to boost demand for drywall textures over the projected period. Also, the US Census Bureau (USCB) has been issuing a number of licenses for the construction of new residential buildings in response to the rising demand for multifamily structures as well as the increase in emigration to urban areas. However, residential development is displaying signs of a more enduring momentum in nations like Mexico and Canada, which is supported by modest economic growth.
Moreover, in countries such as Mexico, Canada, and the US, the demand for residential accommodation will increase, owing to the increasing population and urbanization, leading to an increase in residential construction in these countries. Therefore, the rising number of infrastructural and construction activities is expected to drive the growth of the North America drywall texture market during the forecast period.
Significant Drywall Texture Market Trend In North America
The increasing focus on organized retailing is the primary trend in the drywall texture market growth in North America. As a result, a variety of products for home repair projects are now more readily available. Many retail establishments, including chain stores for home furnishings and specialized shops, are opening across the world in the rapidly increasing retail sector, particularly in emerging nations. Due to their hectic lifestyles and work schedules, clients place a growing emphasis on convenience and comfort.
Moreover, the large, organized retail stores stock more brands and varieties of different types of home improvement products, thus providing consumers with more options. With an increase in brand consciousness, the importance of organized retailers carrying branded home improvement products including drywall texture has also increased. Thus, the growth in organized retail will positively impact the growth of the North America drywall texture market during the forecast period
Major Drywall Texture Market Challenge In North America
Fluctuation in the cost of raw materials is a major challenge to the drywall texture market growth in North America. Due to the erratic nature of raw material pricing and the escalating rivalry between local and international vendors, prominent market vendors occasionally encounter volatility in their profit margins. Due to variations in the price of raw materials like gypsum powder and thick paper sheets, manufacturers are unable to plan their investments or manage costs.
Furthermore, cost-driven end-users prefer reasonable-priced plasterboard rather than investing in costly products manufactured by global vendors. This reduces the sales potential and, in turn, the revenue of vendors in the market in North America. Thus, volatility in raw material prices is one of the major challenges for vendors of the market in focus. Hence, such is expected to hamper the growth of the North America drywall texture market during the forecast period.
Key Drywall Texture Market In North America Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Drywall Texture Market in North America Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3M Co. - The company offers drywall textures such as 3M Textured Wall Films. The company also focuses on industrial abrasives and finishing for metalworking applications, autobody repair solutions, closure systems for personal hygiene products, masking, and packaging materials under its industrial and safety segment.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the regular segment will be significant during the forecast period. The most popular type of drywall used for walls and ceilings in residential and commercial construction is regular drywall, sometimes known as a whiteboard. Half an inch is the most typical thickness for residential applications. The most typical drywall sheet size is 4 x 8, but for high ceilings, it is also available in lengths of up to 16. Gypsum is sandwiched between two layers of paper in regular drywall and the majority of other varieties as well.
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The regular segment was valued at USD 103.30 million in 2017 and continue to grow by 2021. Regular drywall is used in applications that involve direct mechanical attachment to metal walls and ceiling frames or adhesive-based surface attachment, as regular drywalls are less expensive compared with other types of drywall textures and are easily available in different sizes. Thus, such factors are expected to increase the demand for such types of regular drywall textures during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the drywall texture market in North America as a part of the global construction materials market within the global materials market. The parent global construction materials market covers products and companies engaged in the manufacturing of construction materials, including sand, clay, gypsum, lime, aggregates, cement, concrete, bricks, and other materials. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
Drywall Texture Market Scope In North America |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.06% |
Market growth 2023-2027 |
USD 59.85 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.0 |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Advanced Energy Industries Inc., All American Painting Plus Inc., Armstrong World Industries Inc., Artistic Drywall Textures Inc., BlueScope Steel Ltd., Compagnie de Saint Gobain SA, Eagle Materials Inc., Everything Drywall LLC, Graco Inc., Hamilton Drywall Products, Knauf Digital GmbH, LS Drywall Inc., Muddy Boys Inc., Murco Wall Products, National Gypsum Co., Pacific Coast Building Products Inc., PPG Industries Inc., The Sherwin Williams Co., and Voss Textures LLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Type
8 Market Segmentation by Application
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Trends
12 Vendor Landscape
13 Vendor Analysis
14 Appendix
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