Dry Construction Market Worth $79.08 Billion by 2020

Jul 29, 2015, 12:00 ET from MarketsandMarkets

DALLAS, July 29, 2015 /PRNewswire/ --

The report "Dry Construction Market by Type (Supporting Framework & Boarding), Material (Metal, Wood, Plasterboard, Plastic, & Others), System (Wall, Ceiling, Flooring, & Others), Application (Residential & Non- Residential) & Region - Trends and Forecast to 2020", published by MarketsandMarkets, The global Dry Construction Market is projected to reach $79.08 Billion by 2020, with a CAGR of 5.3% during forecast period, that is 2015 to 2020.

Browse 197 market data Tables and 66 Figures spread through 278 Pages and in-depth TOC on "Dry Construction Market"

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The market report defines and segments the global Dry Construction Market with analysis and forecasting of the global revenues for dry construction. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, winning imperatives, and challenges. The market is segmented and revenues are forecasted on the basis of major regions, namely, such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The key countries are covered and their market sizes forecasted for each region.

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The Dry Construction Market has shown a substantial growth due to the resurgence of the construction industry after the economic slowdown from 2007 to 2009. The Dry Construction Market is mostly driven by the emergence of lightweight construction technologies, which has benefits such as inexpensive and fast installation at a construction site. In order to achieve sustainability, green dry construction technology is the latest innovation in the global Dry Construction Market.

The global Dry Construction Market is projected to reach $79.08 Billion by 2020, with a CAGR of 5.3% during forecast period, that is, 2015 to 2020. After the economic slowdown, new constructions have come up in large numbers. The Asia-Pacific region accounted for around 33% of the total market share in terms of value, followed by the North America and Europe regions. However, as the Dry Construction Market in developed countries is maturing, the markets in developing countries such as India and China are estimated to grow at a higher rate from 2015 to 2020 because of the new constructions coming up in the next five years.

Increasing disposable incomes in developing countries, increasing industrialization, and changing preferences of people towards sustainable building techniques will drive the growth of the Dry Construction Market.

The Dry Construction Market is marked with intense competition due to the presence of a large number of both big and small firms. The key players in the market are Saint Gobain (France), Xella Group (Germany), Armstrong World Industries (U.S.), Etex Group (Belgium), and Fletcher Building (New Zealand).

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