Registering a CAGR of 5.1% over the forecast period of 2022-2027, the dry construction material market is anticipated to reach the market value of US$ 107750 million in the year 2027 from US$ 88370 in the year 2022.
Dry Construction Material Market Overview
The globe dry construction market is primarily driven by rising industrialization and urbanisation, as well as the construction industry's increased adoption of sustainable and lightweight construction technologies. Several industrialised countries' governments also favour dry construction practises and have enacted legislation to that effect. However, the trash generated by dry building causes industrial enterprises to have disposal issues. Furthermore, the higher cost of dry construction may limit its market expansion. The dry construction market has grown at an exponential rate in recent years, and this trend is expected to continue in the future.
Building material is a material which is used for the construction purpose. Several substances like sand, clay, wood, rocks along with leaves and twigs are used to construct buildings. Apart from the natural phenomenon, many man-made elements are also used in construction of the building which are in some capacity synthetic. The manufacturing of building materials is an established industry worldwide and is segmented into categories like insulation, roofing work, plumbing and carpentry. However, dry construction material uses dry materials like plywood, gypsum board or wallboard in construction without the application of mortar or plaster.
Recent Development
USG BORAL REBRANDS AS KNAUF
7 February 2022
USG Boral Building Products Pty Limited is now known as Knauf Gypsum Pty Ltd, or simply ‘Knauf’ in Australia. With change to the new brand name underway, Tony Charnock, Managing Director Knauf in Australia assures existing customers, suppliers and partners with regards to changes to the name.
“Now we are part of the Knauf Group, one of the world’s leading innovators and manufacturers of modern building materials, we look forward to continuing the established relationships we have with our- customers,” said Charnock.
What are the major Applications, Types and Regions for Dry Construction Material Market?
By Type, Dry Construction Material Market has been segmented into
- Metal
- Wood
- Gypsum Board
- Other
By Applications, Dry Construction Material Market has been segmented into
- Wall
- Ceiling
- Flooring
- Other
Dry Construction Material Market Regional Analysis:
The report offers an in-depth assessment of the growth and other aspects of the Dry Construction Material Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The Asia-Pacific region accounted for around 33% of the total market share in terms of value, followed by the North American and European regions. China is the largest market, with a share about 30%, followed by Europe and North America, both with a share about 20 percent.
Dry Construction Material Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Dry Construction Material Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Dry Construction Material Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 5.1% during the review period (2022 to 2027).
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By Type
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- Metal
- Wood
- Gypsum Board
- Other
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By Application
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- Wall
- Ceiling
- Flooring
- Other
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By Companies
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Knauf, Saint Gobain, BaoWu, ArcelorMittal, USG, CSR, Nippon, Etex, Boral, Arauco, AWI, Kronospan, BNBM and others.
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Dry Construction Material Report
- Evaluate Dry Construction Material market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end-use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Dry Construction Material market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Frequently Asked Questions
What is the study period of this market?
The Relay Market is studied from 2017 - 2027.
What is the growth rate of Dry Construction Material Market?
The Relay Market is growing at a CAGR of 5.1% over the next 5 years.
Who are the key players in Dry Construction Material Market?
Knauf, Saint Gobain, BaoWu, ArcelorMittal, USG, CSR, Nippon, Etex, Boral, Arauco, AWI, Kronospan, BNBM and others.
What region does this Dry Construction Material Market report covers?
North America (the United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Colombia, etc.) The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Dry Construction Material Market?
Metal, Wood, Gypsum Board, Other
What are the major end-use applications of Dry Construction Material Market?
Wall, Ceiling, Flooring, Other
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
