Dry Construction Global Market Report 2024

Dry construction refers to the use of lightweight materials, structures, and systems created based on the principle of lightweight construction. The primary objectives of dry construction are to reduce water usage, minimize construction time, enhance moisture resistance, improve fire safety, and decrease the environmental impact of real estate projects.

The key types of dry construction include supporting frameworks and boarding. Supporting frameworks serve as the structural backbone in dry construction, consisting of beams (rafters, posts, struts) arranged to form a right-angle structure that supports roofs, bridges, or other constructions. Dry construction materials encompass plasterboard, wood, metal, and plastic. These materials are utilized in various systems, including ceiling systems, wall systems, and flooring systems, designed for applications in both residential and non-residential settings.

The dry construction market research report is one of a series of new reports that provides dry construction market statistics, including dry construction industry global market size, regional shares, competitors with a dry construction market share, detailed dry construction market segments, market trends and opportunities, and any further data you may need to thrive in the dry construction industry. This dry construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The dry construction market size has grown steadily in recent years. It will grow from $72.78 billion in 2023 to $75.01 billion in 2024 at a compound annual growth rate (CAGR) of 3.1%. The growth observed in the historic period can be attributed to factors such as increased construction and infrastructure projects, building renovations and repairs, a growing emphasis on green building and sustainability, heightened regulatory compliance, and the effects of urbanization and population growth.

The dry construction market size is expected to see steady growth in the next few years. It will grow to $84.67 billion in 2028 at a compound annual growth rate (CAGR) of 3.1%. The anticipated growth in the forecast period can be attributed to the increasing adoption of digital construction workflows, the implementation of circular economy practices, the focus on construction safety standards, the growth of emerging markets, and the adaptation to changing climate conditions. Major trends expected in the forecast period include the rise of prefabrication and modular construction, the use of sustainable and eco-friendly materials, innovations in wall and ceiling finishes, advancements in acoustic solutions, and the widespread adoption of digital design and BIM (Building Information Modeling) software.

The growth of the dry construction market is anticipated to be propelled by the increasing focus on sustainable construction practices worldwide. Governments globally are prioritizing the creation of sustainable and livable towns, leading to a surge in the adoption of dry construction techniques. These techniques are particularly favored in sustainable construction for their ability to reduce energy consumption, recycle rainwater, and contribute to the cooling of housing and development board (HDB) towns. In 2021, China, Canada, and India ranked high in certified Leadership in Energy and Environmental Design (LEED) projects, with a focus on reducing carbon emissions, according to the annual ranking report from the US Green Building Council (USGBC). Commercial construction companies are increasingly recognizing the necessity to prioritize sustainable design and construction techniques to utilize the planet's finite resources sensibly. Thus, the escalating emphasis on sustainable construction practices serves as a driving force for the growth of the dry construction market.

The growth trajectory of the dry construction market is further propelled by the increasing demand for green buildings. Green building practices involve designing and implementing structures with ecological responsibility and resource efficiency throughout their life cycle. Dry construction techniques play a crucial role in green buildings, significantly reducing water usage at construction sites. This construction method involves using components that are prefabricated off-site, reducing natural resource consumption, minimizing construction waste, and allowing for easy dismantling and reassembly without generating waste. According to a report by CBRE India in April 2022, the supply of green-certified buildings increased by 37% over the past five years, adding 78 million square feet of certified stock. The rising demand for green buildings underscores the growth of the dry construction market.

A key trend in the dry construction market is technological advancement. Major companies in this sector are actively developing new technological solutions to enhance their market positions. In January 2022, Trimble, a US-based utilities company, introduced the industry's first Horizontal Steering Control for Soil Compactors - a technological advancement contributing to increased automation in the construction industry. This automatic steering control solution is compatible with all soil compactor makes and models, providing contractors with mixed fleets the ability to achieve a faster return on investment. The technology automatically steers a soil compactor using a compaction pass line, improving productivity and quality while reducing operator fatigue. This technological innovation has applications in various construction techniques, including dry construction. The integration of advanced technology signifies a trend toward increased efficiency and precision in the dry construction market.

3D printing technology is experiencing increased adoption in the construction industry, particularly in the context of dry construction. This innovative approach allows for the creation of various building components such as walls, floors, roofs, and even entire structures. The advantages of 3D printing in construction include reduced material waste, faster construction times, and the capability to produce intricate and customized designs that may be challenging with traditional construction methods. A notable example is the initiative undertaken by MENSE KORTE, a Germany-based construction company, in August 2023, where they utilized a 3D printer to construct Europe's largest 3D-printed building in Heidelberg. The project involved the creation of a tiny house for bikers using cement-free concrete to minimize CO2 emissions. This groundbreaking project showcases the potential of 3D printing technology in the construction industry, emphasizing its contributions to sustainability and design flexibility. The unique elliptical facade of the tiny house, made possible by 3D printing, exemplifies the innovative design possibilities. The cement-free 3D dry mortar used in the project, MC-PowerPrint GeCO₂, significantly reduces CO2 emissions compared to traditional cementitious mortar products.

In a strategic move in September 2023, Summit Materials, a US-based integrated materials company supplying aggregates, cement, and ready-mix concrete to construction projects, acquired Argos USA for approximately $3.2 billion. The acquisition aimed to establish a leading building materials platform with national scale in the United States. This strategic move is expected to aid Summit in diversifying its footprint and meeting the growing demand for dry construction materials from home builders and infrastructure companies. Argos USA, the acquired company, is a US-based producer and distributor of cement, ready-mix concrete, aggregates, and related building materials. The acquisition positions Summit Materials to enhance its capabilities and offerings in the dry construction materials market, reflecting the company's commitment to strategic expansion and market leadership.

Major companies operating in the dry construction market include Saint Gobain SA, Haniel Bau-Industrie, Etex Group Ltd., Fletcher Building Limited, USG Boral Pvt. Ltd., Corporate Social Responsibility, Knauf AG, Panel Rey SA, PABCO Building Products LLC, Armstrong World Industries Inc., Georgia pacisific LLC, Beijing New Building Materials Public Limited, 3G Drywall LLC, New Orleans Glass Company, Cano Estructuras, Knauf Gips KG, USG Corporation, Boral Limited, National Gypsum Company, Compagnie de Saint-Gobain S.A., James Hardie Industries plc, Continental Building Products Inc., CertainTeed Corporation, LafargeHolcim Ltd., Owens Corning, PABCO Building Products LLC, Paneltech Systems Ltd., Pennar Industries Limited, Rondo Building Services Pty Ltd., Siniat Ltd., Superglass Holdings plc, Telling Industries LLC, The QUIKRETE Companies, Tremco Incorporated, VANS Gypsum Pvt. Ltd., Winstone Wallboards Limited, Zhejiang Yulong Building Materials Co. Ltd., China National Building Material Company Limited, Etex Building Performance NV, Guangdong Meiyan Jixiang Hydropower Co. Ltd.

Asia-Pacific was the largest region in the dry construction market in 2023. North America is expected to be the fastest-growing region in the dry construction market during the forecast period. The regions covered in the dry construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the dry construction market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The dry construction market includes revenues earned by entities by dry construction using materials including timber, metal (steel), and precast reinforced concrete. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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