Market Key Players Profiles and Overview:
MRFR Recognizes the key players of Dry Construction Market as Xella Group (Germany), Saint-Gobain S.A. (France), Etex Group SA (Belgium), CSR Limited (Australia), Armstrong World Industries, Inc. (U.S.), Fletcher Building (New Zealand), USG Boral (Malaysia), Knauf (Germany), Panel Rey S.A. (Mexico), Pabco Gypsum (U.S.) and others.
The Dry Construction Market is Expected to Grow over the CAGR of around 5% during the period 2017 to 2023.
The major factor expected to drive the Dry Construction Market is the boom in the construction industry in the developing nations. The rapidly increasing industrialization and urbanization are leading to an increase in use of dry construction materials. The increase in adoption of lightweight materials by construction industry is also driving the growth of the market. The various characteristics of dry construction materials such as ease of installation, reduction in construction time, better thermal and sound insulation, moisture resistance, and fire safety drive is expected to increase the use of such material by both residential as well as non-residential end-users. This will further contribute the growth of the dry construction market.
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The growth of the dry construction market is driven by the increase in spending by the people on the construction sites. The increasing emphasis of people on the quality of products and services along with the inexpensive carrying out of the dry construction is also leading to the extensive use of dry construction material. The dry construction materials can be installed by the user himself by following the do it yourself application process, if they are provided with proper information and training. The growing environment awareness among the people is also driving the growth of the dry construction market. However, the difficulties faced in the disposal of the dry construction material is restricting the growth of the market.
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The Asia-Pacific region is expected to grow the highest in the dry construction market. With the rapid increase in population and the undertaking of various construction projects to fulfill the needs of the increasing population in the developing nations such as India and China, the dry construction market is expected to gain traction in the Asia-Pacific region. In the region of North America and Europe, the concept, do-it-yourself is gaining traction. This emerging concept in the dry construction is also expected to contribute to the growth of the market. The need for better and improved housing technologies is also expected to contribute to the growth of the dry construction market.
Market Segment Outlook:
The market has been analyzed based on types, systems, materials and regions. Amongst all kinds of systems, wall is expected to have the fastest growth. This growth can be attributed to the features provided by wall dry construction materials such as strength and safety. Various kinds of designs and patterns can be applied to the wall, even by utilizing less space. This promotes the use of dry construction materials for the walls. Nowadays, walls are made up of wood and glass of various types and sizes, which further promote the growth of the wall segment in the dry construction market.
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