Dry Construction Market Subjected to Expand to Showcase Rampant Growth by 2025
Industry
Insight
The Global Dry
Construction Market is prompted to record 5.01% CAGR during the forecast
period, 2019-2025. The growth in the market can be measured with the rising
factors from all corners of the globe to gather more valuation than USD 71.55
billion, which was back in 2018, in the forecast period.
Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/2846
Top Impacting Factors
The dry
construction market is mostly motivated by the rising industrialization &
urbanization and escalating adoption of sustainable & lightweight
construction practices by the construction industry. The governments of several
developed nations, across the world, also support dry construction practices
and have incorporated specific regulations concerning the same.
Dry construction
has augmented its popularity in recent years in support of development in the
construction sector with an elevated priority for interior design and fondness
for low weight construction. Other than this, more factors such as rapid growth
in the population and boost in alertness above dry construction materials have
boosted demand for these materials across the globe and motivated global dry
construction share to reach high in the coming years.
Besides, revolutionize
in end-user preference toward sustainable building techniques and promotions of
green technology by regulatory bodies in the construction sector are also
highly anticipated to compel the global dry construction market during the
forecast period. More significant drivers of the global dry construction market
are also directed towards rapid urbanization, a surge in the adoption of
lightweight construction practices, increase in construction activities, a penchant
for improved housing technologies by end-users, lower setup cost as compared to
wet construction, expansion in infrastructure activities as well as swelling in
the penetration of dry construction in the industrial, residential, and
commercial sectors. All these have profoundly benefited the market to expand in
the coming years.
Furthermore,
considerable support from regulatory bodies for dry construction has been
fuelling the market for years. On the contrary, a leading limiting force of the
global dry construction market growth is the removal of synthetic material from
the waste of dry construction such as plastic, glass, and metal. Nonetheless, improvement
in dry construction technology, new product development in prefabrication of
dry construction, and association of market giants with builders for dry
construction in the manifold project is highly anticipated to create momentous
opportunities for the dry construction market in the forecast period.
FOR MORE DETAILS :
https://www.marketresearchfuture.com/reports/dry-construction-market-2846
Segmentation
of Market: Dry Construction
The global dry
construction market in MRFR’s study has been segmented over the material, type,
system, and application.
Based on the material
type segment, the market has included metal, plasterboard, plastic, wood, and
others. Among these, the plasterboard segment acquired the largest market share
of the global dry construction market in 2018, and now it is estimated to
witness the highest CAGR during the forecast period owing to the superior
aesthetics, lightweight, durability, and flexibility, of plasterboards.
Based on the type
segment, the market has included supporting framework and boarding. Among them,
the supporting framework segment occupied the larger market share of the global
dry construction market owing to its properties like sound installation, fire
protection, and stability.
Based on the system
segment, the market has included a wall system, ceiling system, flooring
system, and others. The ceiling system segment occupied the largest market
share of the global dry construction market owing to superior aesthetic appeal,
water-resistant property, and ease of installation.
Based on the application
segment, the market has included residential and non-residential. Among them, the
non-residential segment has also included hospitals & healthcare centers, office
spaces, educational institutes, hotels & restaurants, industrial and public
utilities. The residential segment occupied the larger market share of the
global dry construction market in support of rising various construction
projects, popularly in emerging countries.
Regional
Outlook
The global dry
construction market has further been studied among regions of Europe, North
America, Asia-Pacific, and the Rest of the world (RoW).
Among these
regions, Asia-Pacific occupied the largest share of the global dry construction
market back in the year 2018, while now has become one of the leaders of the
market, depending on various factors. The growth of the construction industry
with the growth of population and the rising per capita disposal income are the
factors anticipated to drive the dry construction market in the Asia Pacific region.
There has been a considerable surge in need for hotels, corporate spaces, schools,
hospitals, shopping malls in Asia-Pacific, which adds to the growth. The
growing market for waterproof construction in countries such as India, China, and
Japan is likely to contribute significantly to the Asia-Pacific market.
Besides, the inclination
for quality dry construction in-house products at low prices as compared to wet
construction materials is highly anticipated to boost the dry construction
market. Whereas, in the Middle East & Africa, a considerable surge in
commercial and industrial construction activities is also anticipated to compel
demand for dry construction materials in the near future. South America is also
estimated to be a striking region of the dry construction market, in support of
growth in the construction industry in the region.
Top Market
Contenders
The top Players
in the dry construction market are listed as Saint-Gobain (France), Etex
(Belgium), Georgia-Pacific (US), Xella Group (Germany), Knauf Gips KG
(Germany), Radman's Building Services (Croatia), USG Boral (Singapore) and
Beijing New Building Materials Public Limited Company (China).
About Market
Research Future:
At Market
Research Future (MRFR), we enable our customers to unravel the complexity of
various industries through our Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research
(CFR), and Market Research & Consulting Services.
Comments
Post a Comment