1 Global Dry Construction Market Insight Analysis
The global dry construction market is valued at USD 89,205 million in 2024, with a CAGR of 5.40% from 2024 to 2033.
Dry construction refers to the use of industrial prefabricated building systems that rely on dry materials such as gypsum board and plywood, instead of traditional wet materials like brick, concrete, or plaster. This method significantly reduces construction time and waste, enhances design flexibility, and provides a more sustainable building solution. The advantages of dry construction include faster execution, reduced material waste, real budget planning, cost-effectiveness, durability, and ease of maintenance.
Figure Global Dry Construction Market Size (M USD) and CAGR (2024-2033)
2 Dry Construction Market Growth Drivers and Restraints
Advantages of dry construction: Dry construction has many advantages over wet construction and is an important factor driving market growth. In terms of construction efficiency, it can significantly shorten construction time, speed up project progress, and increase construction speed without reducing quality.
At the same time, dry construction can also reduce material waste, effectively reduce waste rate by optimizing construction mode, and achieve more sustainable construction. In addition, it performs well in budget control, which can make the final budget close to the planned budget and avoid unnecessary expenses. Moreover, the engineering durability of dry construction is strong, it can be used for a long time, and the maintenance cost is also low. These advantages have attracted many customers and promoted market growth.
Policy promotion and industry development: Globally, the advancement of industrialization and urbanization and the increasing attention of the construction industry to sustainable and lightweight construction practices have brought development opportunities to the dry construction market.
Governments of various countries actively support dry construction, formulate relevant policies and regulations, and promote the standardized development of the industry. At the same time, under the background of the epidemic, the loose economic policies introduced by various countries to stimulate the economy, especially infrastructure policies, have greatly promoted the demand for the dry construction market.
Digitalization, onlineization and intelligent development: Digitalization has promoted the digitalization of the production process of dry construction building materials, realized data coordination in various links, and improved the internal competitiveness of enterprises. Onlineization helps enterprises communicate with users, realize collaboration between enterprises in the industrial chain, and optimize resource allocation. Intelligence is based on digitalization and onlineization. Through big data and artificial intelligence technology, it realizes intelligent management and supervision of projects, and improves the quality and safety of projects. The development of these technologies has injected new vitality into the dry construction market.
Rising raw material prices: Affected by factors such as the epidemic, raw material prices fluctuate violently. For example, the Texas ice disaster destroyed latex production facilities, resulting in insufficient latex supply, which in turn caused a shortage of drywall boards and rising prices. In addition, the homogeneity of building materials products is serious, and downstream industries and consumers are sensitive to prices, which has severely compressed the profitability of the dry construction industry.
Labor shortages and rising costs: The production, installation, technological innovation and decoration solutions provided to customers in the dry construction industry are highly dependent on professional technicians. However, the global cost of high-quality labor continues to rise, which not only increases the production and operating costs of enterprises, but also reduces the profit margins of enterprises, forming a certain obstacle to the development of the market.
Market acceptance needs to be improved: Compared with traditional construction methods, dry construction is not widely used around the world and is even rarely used in some countries. Due to the limited number of suppliers and labor, the cost of dry construction is relatively high, which may increase the overall budget of the project. In addition, traditional building materials and construction techniques have a long history, and people have a certain resistance to the dry construction model at the cultural level. These factors have limited the further expansion of the dry construction market.
3 Technological Innovations in the Dry Construction Market
Digital transformation: The application of digitalization in the field of dry construction is becoming increasingly in-depth, and digitalization has been achieved from the production of building materials to decoration solutions. Through digital technology, dry construction can be more strictly controlled in terms of quality, and the efficiency of the use of materials and labor can be improved.
With the collaborative functions of management systems such as BIM, PM, and ERP, efficient coordination of various links in the construction process is achieved. For example, by inputting construction information, site information, etc., and using algorithms to generate executable production plans, the level of project management is effectively improved.
Intelligent development: With the development of digitalization and onlineization, intelligence has become an important development direction for dry construction. Enterprises use big data technology to establish data models for building elements, construction technology, etc., and realize real-time monitoring and data mining analysis of “people, machines, materials, methods, and environment” on the construction site, so as to intelligently manage and supervise project quality, safety, progress, etc.
In addition, the application of artificial intelligence technologies, such as deep learning and transfer learning, can transform information on project management and construction sites into knowledge, providing support for corporate decision-making.
Research and development of new materials: Driven by technological innovation, new materials continue to emerge in the field of dry construction. For example, advanced insulation materials such as fiber-reinforced aerogel blankets and vacuum insulation panels are light and thin, with good thermal insulation performance. They can achieve building integration, reduce building burdens, reduce thermal bridges and pipeline application costs, and effectively improve the energy saving effect and comfort of buildings.
Enhance corporate competitiveness: Corporate mergers and acquisitions are an important means for the dry construction industry to optimize resource allocation and enhance competitiveness. Take Knauf’s acquisition of USG Corporation as an example. The acquisition integrated the business, product portfolio and global resources of both parties, created a leading company in the global building materials industry, enabled it to better meet customer needs, and enhanced its competitiveness in the global market.
Expand market share: Through mergers and acquisitions, companies can expand their market share. For example, Armstrong World Industries acquired Steel Ceilings, expanding its business scope in the field of professional building products, broadening its customer base, and further consolidating its position in the market.
Promote technological integration: Corporate mergers and acquisitions also promote technological integration and innovation. Saint-Gobain acquires Chryso. The combination of Chryso’s innovative technologies and solutions in the field of construction chemicals with Saint-Gobain’s business provides it with stronger technical support in the field of sustainable construction and promotes the company’s innovative development in product research and development and application.
4 Global Dry Construction Market Size by Type
The wall segment is expected to be the largest contributor to the global dry construction market in 2024, with a value of $31,816 million USD. This segment includes various types of prefabricated wall systems made from materials such as gypsum boards and plywood. These wall systems are highly favored for their ability to reduce construction time by up to 50%, while also providing design flexibility and durability. The growing demand for residential and commercial construction projects is driving the market for wall systems, as they offer a cost-effective and sustainable alternative to traditional brick and mortar walls.
The ceiling segment is another significant part of the dry construction market, with an estimated value of $23,860 million USD in 2024. This segment includes a variety of ceiling systems designed for both residential and non-residential applications. These systems are known for their ease of installation, maintenance, and ability to integrate with modern building designs. The increasing demand for energy-efficient and aesthetically pleasing ceilings in commercial buildings, such as offices, hotels, and shopping centers, is a key driver for this segment. Additionally, advancements in materials and technology have led to the development of more durable and fire-resistant ceiling solutions, further boosting market growth.
The flooring segment is projected to reach a value of $19,895 million USD in 2024. This segment includes various types of dry flooring solutions, such as engineered wood floors, laminate flooring, and other prefabricated floor systems. These flooring options are preferred for their quick installation, durability, and low maintenance requirements. The growing trend towards sustainable and eco-friendly building materials is also driving the demand for dry flooring systems, as they often use recycled or renewable materials. The residential sector, in particular, is a major consumer of these flooring solutions, with an increasing number of homeowners opting for dry flooring due to its ease of installation and aesthetic appeal.
Table Global Dry Construction Market Size by Type in 2024
Type | Market Size (M USD) 2024 |
|---|---|
Wall | 31816 |
Ceiling | 23860 |
Flooring | 19895 |
Others | 13634 |
5 Global Dry Construction Market Size by Application
The residential segment is expected to dominate the dry construction market in 2024, with a value of $64,964 million USD. This segment includes a wide range of projects, from single-family homes to large-scale housing developments. The increasing demand for sustainable and efficient construction methods in residential buildings is driving the adoption of dry construction techniques.
These methods offer several advantages, including reduced construction time, lower material waste, and enhanced durability. Additionally, the growing focus on energy efficiency and environmental sustainability is encouraging the use of dry construction materials, such as gypsum boards and prefabricated panels, which are more sustainable compared to traditional materials like brick and mortar.
The non-residential segment is also a significant part of the dry construction market, with an estimated value of $24,241 million USD in 2024. This segment includes commercial buildings, offices, hotels, shopping centers, hospitals, and educational institutions. The demand for dry construction in non-residential applications is driven by the need for quick construction and flexibility in design.
Dry construction methods allow for faster project completion, which is crucial for commercial projects where time is of the essence. Additionally, the ability to easily modify and update interiors without significant disruption makes dry construction an attractive option for businesses and institutions. The growing trend towards smart buildings and the integration of advanced technologies in construction are also driving the demand for dry construction solutions in non-residential applications.
Table Global Dry Construction Market Size by Application in 2024
Application | Market Size (M USD) 2024 |
|---|---|
Residential | 64964 |
Non-residential | 24241 |
6 Global Dry Construction Market Size by Region
North America has been a major market for dry construction. In 2024, the market revenue in North America is projected to be around 26,322 million. The region has a highly developed economy, with the United States being a key driver. The large – scale construction projects in the United States, such as commercial buildings and residential developments, contribute significantly to the dry construction market.
The well – established construction industry, advanced technology, and high – quality labor force in North America support the growth of the dry construction market. However, the region also faces challenges such as the impact of economic fluctuations and the increase in labor costs. For example, during economic recessions, construction projects may be postponed or cancelled, affecting the demand for dry construction.
Europe is another important market for dry construction. In 2024, its market revenue is expected to reach approximately 23,610 million. The European Union’s unified large market provides a broad space for the development of the dry construction industry. The high – level of economic development, strict building regulations, and emphasis on sustainable construction in Europe have promoted the application of dry construction technology.
For instance, many European countries encourage the use of environmentally friendly building materials and construction methods, and dry construction meets these requirements. However, the complex political and economic situations in some European countries, such as Brexit, may bring uncertainties to the market.
China’s dry construction market has been growing rapidly in recent years, and in 2024, the market revenue is forecasted to be about 19,631 million. As the second – largest economy in the world, China has a huge construction market. The government’s investment in infrastructure construction, such as high – speed railways, subways, and urban renewal projects, has created a large demand for dry construction. In addition, the development of the real estate industry also promotes the growth of the dry construction market. However, China also faces challenges such as overcapacity in the construction materials industry and the need to improve the quality of construction projects.
Japan’s dry construction market revenue in 2024 is expected to be around 3,450 million. Japan has a developed economy and a high – quality construction industry. The aging population in Japan has led to an increasing demand for renovation and construction of nursing homes and other elderly – care facilities, which provides opportunities for the dry construction market. At the same time, Japan’s strict building codes and high – level of technology also support the development of dry construction. But the shrinking population and high – cost construction environment pose challenges to the market.
The Middle East and Africa region has great potential in the dry construction market. In 2024, the market revenue is projected to be approximately 3,046 million. The rich oil resources in the Middle East have brought a large amount of wealth, which is used for infrastructure construction. South Africa, as an important economy in Africa, also promotes the development of the dry construction market in the region. However, the region also faces issues such as unstable political situations, insufficient infrastructure, and high labor costs in some areas.
India’s dry construction market is showing strong growth momentum. In 2024, the market revenue is expected to reach about 4,828 million. With a large population and rapid economic development, India has a huge demand for housing and infrastructure. The government’s initiatives to promote urbanization and improve living standards have led to a large number of construction projects. But India also needs to address problems such as lack of skilled labor and inconsistent building standards.
South America’s dry construction market revenue in 2024 is forecasted to be around 5,866 million. Brazil, as the largest economy in South America, drives the development of the dry construction market in the region. The construction of infrastructure projects for the Olympics and other events in Brazil has increased the demand for dry construction. However, the economic instability and political uncertainties in some South American countries may affect the market’s growth.
Figure Global Dry Construction Market Size (M USD) by Region in 2024
7 Global Dry Construction Market Analysis by Major Players
Saint-Gobain
Company Profile
Saint-Gobain is a French multinational corporation established in 1665. It is headquartered in La Défense, France. The company is renowned for its diverse portfolio of construction materials and high-performance solutions. Saint-Gobain operates globally, with a strong presence in both developed and emerging markets.
Business Overview
Saint-Gobain is a leading provider of construction materials, including glass, ceramics, and advanced materials. The company’s business is built on innovation and sustainability, focusing on delivering high-quality products that meet the evolving needs of the construction industry. Saint-Gobain’s commitment to research and development ensures that it stays at the forefront of technological advancements, offering solutions that enhance energy efficiency and environmental sustainability.
Product Offered
One of Saint-Gobain’s flagship products is the Gyproc Habito plasterboard. This product is designed to provide superior strength and durability compared to standard plasterboard. It can support heavy fixtures without the need for specialized fixings, reducing installation time and overall costs. Gyproc Habito is ideal for residential and commercial applications, offering a combination of strength, ease of use, and aesthetic appeal. The product complies with international standards, ensuring reliability and performance.
Knauf Gips KG
Company Profile
Knauf Gips KG is a multinational family-owned company established in 1932. Headquartered in Iphofen, Germany, Knauf Gips KG has grown to become a global leader in the production of building materials and systems. The company is known for its innovative and high-quality products, which are used in a wide range of construction projects worldwide.
Business Overview
Knauf Gips KG specializes in the manufacturing of gypsum-based products, including plasterboards, ceiling systems, and insulation materials. The company’s business strategy focuses on providing comprehensive solutions for both residential and non-residential construction projects. Knauf Gips KG’s commitment to quality and innovation has enabled it to establish a strong market presence, with a wide distribution network and a reputation for excellence.
Product Offered
One of Knauf Gips KG’s standout products is the AMF TACET® acoustic ceiling system. This seamless and homogeneous ceiling system is designed to provide high levels of acoustic absorption, making it ideal for environments where sound control is critical. The system features mineral tiles with blind holes and an acoustic fleece, ensuring optimal performance without the need for additional leveling. AMF TACET® is available in a variety of colors, offering both functionality and aesthetic appeal for modern building projects.
Fletcher Building Limited
Company Profile
Fletcher Building Limited is a major supplier of building materials, established in 1909 and headquartered in Auckland, New Zealand. The company operates globally, with a strong presence in the Asia-Pacific region. Fletcher Building Limited is known for its diverse product portfolio and commitment to quality and innovation.
Business Overview
Fletcher Building Limited offers a wide range of building materials and solutions, catering to both residential and commercial construction projects. The company’s business strategy focuses on providing high-quality products that meet the specific needs of its customers. Fletcher Building Limited’s strong market position is supported by its extensive manufacturing capabilities and distribution network, ensuring timely delivery and exceptional customer service.
Product Offered
One of Fletcher Building Limited’s key products is the GIBFix® All-Bond adhesive. This versatile product is designed for use with plasterboard, wood, metal, and other construction materials. GIBFix® All-Bond offers a strong bond, suitable for all weather conditions, and is available in convenient packaging options. The adhesive’s smooth application and quick drying time make it an ideal choice for construction projects, reducing installation time and labor costs. Its multipurpose nature allows it to be used in a variety of applications, from residential renovations to large-scale commercial projects.