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Pune, June 14, 2021 (Global News Agency) – Global dry construction market It is valued at 79.7 billion U.S. dollars in 2019 and is expected to reach 102.8 billion U.S. dollars by 2027, with a compound annual growth rate of 5.1% during the forecast period (2020-2027).
The dry construction market is very promising. In recent years, factors such as the popularization of dry concrete and the expansion of the construction field have promoted the growth of the market. In addition, commercial buildings are increasingly adopting dry construction methods. With the rapid growth of the global economy and a large amount of investment in the development of the construction industry, the market structure has been affected.
With the huge demand and adoption of dry building technology for green buildings and sustainable structures, it is estimated that the market will accelerate further in the near future. According to the Market Research Future (MRFR), the global dry construction market value is expected to reach exponential heights by 2027, and will continue to grow at an impressive compound annual growth rate during the evaluation period (2020 to 2027).
Dry construction technology (DCT) refers to an advanced construction method used to reduce concrete consumption and its impact on the environment. Dry construction technology has created a global standard for high-quality buildings. DCT involves the use of lightweight structural components, such as interior walls, ceilings, and floors, which are developed using plaster or microfiber boards that are assembled during installation.
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Due to the increasing demand for cost-effectiveness, high durability, ease of maintenance and cost savings, dry construction methods are more popular than other concrete materials. The construction industry is working hard to manage and reduce the carbon footprint that seriously affects the environment. Due to the various chemicals used in concrete formulations, the carbon dioxide footprint is the biggest challenge facing the environment.
Industry Trends
The government’s favorable measures to promote utilization and investment in infrastructure development projects and to adopt advanced construction technologies are the main dry construction market trends. In addition, the huge R&D investment of construction companies confirms the dry construction market share. Emerging countries around the world have provided many untapped opportunities for the market, as government requirements and updated policies move forward.
On the other hand, the market is still facing major setbacks, such as the high initial investment required to implement these construction technologies. Nonetheless, the favorable characteristics of dry construction methods that allow optimization of construction projects will support market growth throughout the evaluation period. In addition, sustainable green practices followed in dry construction help to obtain construction permits faster.
In addition, more and more technological advancements have brought software that effectively simplifies the construction process and helps builders enter design data for the project, thereby increasing the dry construction market share. These factors, coupled with the inflation of traditional construction methods, are expected to promote market growth and herald the continued existence of dry construction technology.
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segmentation
The dry construction market forecast is divided into materials, types, systems, applications and regions. The material is subdivided into gypsum board, metal, plastic, wood, etc. Among them, the gypsum board segment has the largest market share, which is attributed to the light weight, excellent aesthetics, flexibility and durability of these materials. During the review period, this market segment was assessed to be growing at an astonishing compound annual growth rate.
The type is subdivided into support frame and boarding. Among them, the support frame market segment occupies a larger market share due to its fire protection, installation sound and stability characteristics. The system is subdivided into ceiling system, wall system, floor system, etc. Among them, the ceiling system part occupies the largest market share due to its waterproof performance, excellent aesthetics and easy installation.
The application segment is segmented into residential and non-residential. Among them, due to the increase of various construction projects, mainly in emerging countries, the residential sector occupies a larger market share. The non-residential segment is further subdivided into hospitals and healthcare centers, office space, hotels and restaurants, public utilities, educational institutions, and industry. By region, the market is subdivided into Asia Pacific, Americas, Europe and the rest of the world.
Regional Analysis
The Asia-Pacific region dominates the global dry construction market. Factors such as rapid economic growth and the increasing number of infrastructure projects backed by huge investments have consolidated the dry construction market in the region. The fast-growing construction industry in the region is undergoing a large-scale transformation, and some large-scale construction projects are currently being planned.
The increasing flow of foreign investment in India has further promoted the growth of the dry construction market in the region. The dry construction market in the Asia-Pacific region is expected to grow at a healthy compound annual growth rate during the forecast period.
North America Ranked second in the global dry construction market value. The driving factor for market growth is the increasing consumer awareness of the benefits and adoption of dry construction technology in commercial building construction. In addition, the increase in the construction of residential and commercial complexes has promoted the size of the dry construction market in the region.
In terms of revenue from the dry construction market, Europe is a lucrative market. The high growth potential and increasing adoption of dry construction methods are driving market growth. The region’s interest in modern construction technology is growing. In addition, the booming construction industry has witnessed constant renovation activities, confirming the dry construction market share in the region.
In addition, a sound infrastructure and a growing economy have created important market opportunities. Germany, Italy and France are the main dry construction markets in the region, holding a considerable share. In addition, more and more green building structures have created a large demand for ready-mixed concrete.
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competition analysis
The dry construction market has witnessed a number of strategic initiatives such as mergers and acquisitions, cooperation, expansion and product launches. Leading industry players make strategic investments in R&D activities and expansion plans.
For example, recently, on June 2, 2021, India’s Central Public Works Department (CPWD) announced the adoption of pollution-free and environmentally friendly dry construction technology to build two main office buildings in the capital. In general, dry construction technology accounts for about 80% of the total workload. apart from,
Other environmental practices that promote energy and water efficiency have been adopted to make buildings green. The foundation is composed of reinforced cement concrete mixed with crystalline admixtures and a zinc cathodic protection system to reduce the porosity of the concrete and the corrosion of the steel bars, thereby improving its durability.
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