Dry Construction Market Size and Trends with Impact of COVID-19 and Forecast 2021-2028

Market overview:

The Dry Construction Market is expected to be worth USD 79.08 billion by 2028, growing at a CAGR of 4.90% over the forecast period (2021-2028). 

The dry construction market has been expanding in line with the construction industry. Rapid population growth and increased awareness of dry construction materials have increased the demand for these materials around the world. Changes in end-user preference for sustainable building techniques and regulatory bodies in the construction sector promoting green technology are expected to drive the global dry construction market during the forecast period. The major drivers of the global dry construction market are the end-user preference for improved housing technologies, the adoption of lightweight construction practices, and increased construction activities. Furthermore, some market drivers are increased infrastructure activity, rapid urbanization, and increased dry construction penetration in the residential, industrial, and commercial sectors. Furthermore, regulatory bodies’ support for dry construction has fueled the market. 

The COVID-19 outbreak puts a damper on demand for dry construction in various applications. Various governments worldwide have implemented lockdown measures to prevent the spread of the disease. As a result, manufacturing operations have slowed or ceased, supply and transportation have been restricted, and infrastructure has slowed. As a result, global demand for dry construction has decreased. Because of the COVID-19 pandemic, many key players have ceased production in recent months. The pandemic has harmed dry construction material demand and supply.

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Market segmentation:

The global dry construction market is segmented based on material, type, application and system. 

According to the material:

• Plastic
• Wood
• Metal
• Glass
• Others

According to the type:

• Boarding
• Supporting framework

According to the application:

• Non-residential
• Residential

According to the system:

• Flooring System
• Window System
• Ceiling System
• Wall System
• Door System
• Others

Regional analysis:

The global dry construction market is divided into five regions: the Middle East & Africa, Europe, North America, Asia-Pacific, and Latin America. 

In 2021, Asia-Pacific was the largest dry construction market region. As end-users prefer prefabricated dry construction systems, the Asia-Pacific construction sector has been driven by population growth. Furthermore, the preference for high-quality dry construction in-house products at low prices, as opposed to wet construction materials, is expected to drive the region’s dry construction market. 

During the forecast period, North America is expected to be the fastest-growing global dry construction market region. In North America, an insufficient supply of raw materials for wet construction is fueling the demand for dry construction materials. Dry construction materials are in high demand in Europe due to a preference for short-term construction. 

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Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

Continue…

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Recent developments:

• Armstrong World Industries, a US-based international manufacturer and designer of ceilings and walls, acquired Arktura, LLC, in December 2020 for an undisclosed sum. Armstrong will be stronger in the dry construction segment due to this acquisition and its capabilities and product portfolio. Arktura LLC is a company based in the United States that designs and manufactures standard and customizable wall and ceiling systems.
• The Central Public Works Department (CPWD), part of the Ministry of Housing and Urban Affairs in India, will use a non-polluting, dry construction, and environmentally friendly technology called LGSF (light gauge steel frame) to build two major office blocks in November 2020. The use of new construction materials and technologies is sustainable and environmentally friendly, as well as cost-effective and faster, resulting in a construction time reduction of 24 hours.

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