North America Drywall Market Outlook
According to the report by Expert Market Research (EMR), The North America drywall market size, Trends, Analysis, Report and Forecast 2024-2032″, the North America drywall market is projected to grow at a CAGR of 5.7% between 2024 and 2032. Aided by the burgeoning demand for modern and aesthetically pleasing construction solutions, the market is expected to grow significantly 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.
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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 North America drywall 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 North America drywall market growth.
Furthermore, 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.
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North America Drywall 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
North America Drywall Market Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the North America drywall companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- CertainTeed
- National Gypsum Services Company
- USG Corporation
- Georgia-Pacific.
- American Gypsum Company LLC
- Others
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