According to the report, the North America drywall reached a value of more than USD 17.15 billion in 2023. Aided by the burgeoning demand for modern and aesthetically pleasing construction solutions, the market is expected to grow at a CAGR of 5.7% in the forecast period of 2024-2032, reaching a projected value of USD 23.06 billion by 2032.
Drywall, also known as plasterboard or gypsum board, is a panel made of gypsum plaster pressed between two thick sheets of paper. It is primarily used in the construction of interior walls and ceilings due to its cost-effectiveness, ease of installation, and adaptable nature for designing purposes. Besides, drywall contributes significantly to sound insulation, fire resistance, and durability, making it a popular choice in the construction industry.
The booming construction industry, particularly in the residential sector, is the main driving force behind the North America drywall market growth. As urbanisation accelerates, the demand for housing units is on the rise, leading to an increase in residential construction activities. This development, in turn, has fuelled the demand for cost-effective and efficient construction materials like drywall.
Simultaneously, the shift towards energy-efficient buildings is augmenting the market expansion. Drywall is increasingly preferred for its contribution to enhancing a building's thermal performance, reducing heating and cooling costs, and contributing to the sustainability of the built environment.
The rising trend of remodelling and renovation in the residential sector is another significant factor boosting the North America drywall market demand. As homeowners seek to improve the aesthetic appeal and functionality of their homes, the demand for drywall for interior walls and ceilings has surged. Additionally, drywall is commonly used in office spaces for partitioning and creating a modern and clean workspace, thus finding significant demand in commercial applications.
In the industrial sector, drywall finds extensive use due to its fire-resistant properties. It is an essential component in manufacturing and industrial units where fire safety is paramount, further promoting the market growth.
As per the North America drywall market analysis, technological advancements have led to the introduction of moisture and mould-resistant drywall types. These advancements are primarily driven by the growing consumer demand for high-quality, durable, and resilient construction materials. Such innovative drywall solutions have broadened the market scope by catering to a wide range of applications, from basements and bathrooms to garages and utility rooms.
Drywall, also known as plasterboard or gypsum board, is a panel made of gypsum plaster pressed between two thick sheets of paper. It is primarily used in the construction of interior walls and ceilings due to its cost-effectiveness, ease of installation, and adaptable nature for designing purposes. Besides, drywall contributes significantly to sound insulation, fire resistance, and durability, making it a popular choice in the construction industry.
The booming construction industry, particularly in the residential sector, is the main driving force behind the North America drywall market growth. As urbanisation accelerates, the demand for housing units is on the rise, leading to an increase in residential construction activities. This development, in turn, has fuelled the demand for cost-effective and efficient construction materials like drywall.
Simultaneously, the shift towards energy-efficient buildings is augmenting the market expansion. Drywall is increasingly preferred for its contribution to enhancing a building's thermal performance, reducing heating and cooling costs, and contributing to the sustainability of the built environment.
The rising trend of remodelling and renovation in the residential sector is another significant factor boosting the North America drywall market demand. As homeowners seek to improve the aesthetic appeal and functionality of their homes, the demand for drywall for interior walls and ceilings has surged. Additionally, drywall is commonly used in office spaces for partitioning and creating a modern and clean workspace, thus finding significant demand in commercial applications.
In the industrial sector, drywall finds extensive use due to its fire-resistant properties. It is an essential component in manufacturing and industrial units where fire safety is paramount, further promoting the market growth.
As per the North America drywall market analysis, technological advancements have led to the introduction of moisture and mould-resistant drywall types. These advancements are primarily driven by the growing consumer demand for high-quality, durable, and resilient construction materials. Such innovative drywall solutions have broadened the market scope by catering to a wide range of applications, from basements and bathrooms to garages and utility rooms.
Market Segmentation
The market can be divided based on type, application, and country.Market Breakup by Type
- Standard
- Fire-Resistant
- Mould/Moisture Resistant
Market Breakup by Application
- Residential
- Commercial
Market Breakup by Country
- United States of America
- Canada
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America drywall market. Some of the major players explored in the report are as follows:- CertainTeed
- National Gypsum Services Company
- USG Corporation
- Georgia-Pacific.
- American Gypsum Company LLC
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions6 Market Snapshot7 Industry Opportunities and Challenges14 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
8 Global Drywall Market Overview
9 North America Drywall Market Analysis
10 Regional Analysis
11 Market Dynamics
12 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- CertainTeed
- National Gypsum Services Company
- USG Corporation
- Georgia-Pacific.
- American Gypsum Company LLC
Methodology
LOADING...
