Canada Drywall Market Share, Size, Trends, Demand, Growth, Key Players, Report, Analysis, Forecast 2024-2032
Canada Drywall Market Outlook
According to the report by Expert Market Research (EMR), the Canada drywall market size reached a value of USD 1,308.90 million in 2023. Aided by the increasing demand in the construction sector and rapid urbanisation, the market is projected to further grow at a CAGR of 6.6% between 2024 and 2032 to reach USD 2,184.25 million by 2032.
Drywall, also known as gypsum board or plasterboard, is a widely used construction material for interior walls and ceilings in residential and commercial buildings. It is favoured for its ease of installation, fire resistance, sound insulation, and affordability. Once installed, the joints between the drywall panels are taped and covered with joint compound to create a seamless surface that can be painted or wallpapered. Drywall has become a standard building material in many parts of the world due to its versatility and convenience.
The residential construction sector is a significant driver of the Canada drywall market growth, with a growing number of housing projects and renovations contributing to the demand for drywall. The commercial construction sector also plays a crucial role, as drywall is extensively used in office buildings, retail spaces, and other commercial properties.
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Nowadays, there is a growing demand for sustainable and environmentally friendly drywall products in Canada. Consumers and builders are increasingly looking for drywall that is made from recycled materials or has a lower environmental impact in terms of production and disposal.
Additionally, there is an increasing awareness of health and safety issues related to construction materials. As a result, there is a demand for drywall products that have low volatile organic compound (VOC) emissions and are free from harmful chemicals.
Moreover, advancements in drywall technology, such as lightweight drywall, moisture-resistant drywall, and fire-resistant drywall, are becoming more popular. These innovations offer improved performance and convenience, catering to the specific needs of different construction projects.
Sustainability and environmental concerns are also positively influencing the Canada drywall market, with an increasing emphasis on eco-friendly and recyclable drywall products. Manufacturers are focusing on developing drywall with lower environmental impact, such as products made from recycled materials or those that contribute to energy efficiency in buildings.
Innovation in drywall technology is another key trend, with advancements in lightweight and moisture-resistant drywall products enhancing their appeal to contractors and builders. These innovations are aimed at improving the performance and versatility of drywall, making it suitable for a wider range of applications, consequently driving up the Canada drywall market share.
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Moreover, the demand for drywall varies across different regions in Canada, with provinces like Ontario, Quebec, British Columbia, and Alberta being major markets due to their larger population and higher construction activities. Furthermore, the market is witnessing the introduction of innovative drywall products, such as moisture-resistant, fire-resistant, and soundproof drywall, to meet specific construction requirements and building codes.
As per the Canada drywall market analysis, gypsum walls are favoured for their excellent acoustic properties, making them a popular choice in hospitals, hotels, and schools to improve soundproofing. The demand for drywall in residential settings is influenced by various factors such as home sales, housing starts, interest rates, while in the commercial construction sector, monitoring office vacancy rates, the Architecture Billings Index, government spending, GDP, and employment levels can help industry participants identify opportunities for renovation projects and new constructions.
Canada Drywall Market Segmentation
The market can be divided based on type, application, region.
Market Breakup by Type
- Standard
- Fire-Resistant
- Mould/Moisture Resistant
Market Breakup by Application
- Residential
- Commercial
Market Breakup by Region
- Northern Canada
- British Columbia
- Alberta
- The Prairies
- Central Canada
- Atlantic Canada
Competitive Landscape
The EMR 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 Canada drywall market. Some of the major players explored in the report by expert market research are as follows:
- CGC Inc.
- CertainTeed
- Georgia-Pacific LLC
- Gold Bond Building Products, LLC.
- Envirowall Partition Systems Limited
- Armstrong World Industries, Inc.
- Others
Insights Revealed within the Report: Frequently Asked Questions
What became the Canada drywall market price in 2023?
- In 2023, the Canada drywall market reached an approximate value of USD 1,308.90 million.
What is the boom price of the market?
- The market is predicted to grow at a moderate CAGR of 6.6% between 2024 and 2032.
What is the Canada drywall marketplace forecast for 2024-2032?
- The marketplace is expected to witness healthy boom in the forecast length of 2024-2032, attaining a cost of around USD 2,184.25 million through 2032.
What is drywall made of?
- Drywall, also referred to as plasterboard or wallboard, is made from two paperboards sandwiching gypsum, a mineral sulphate commonly white or gray in colour.
How can drywall be used for indoors décor?
- Drywall can be used to create arches, eaves, separation walls, and smooth surfaces for similarly interior décor.
What are the foremost market drivers, as according to the EMR report?
- The primary drivers are the developing creation zone, rising call for for city housing, and growing prevalence of restore, remodelling, and upkeep inside the residential quarter.
What are the important thing trends of the marketplace?
- The key trends encompass improvements in drywall-based totally construction techniques, new technology being developed for drywalls, and elevated authorities spending in the actual property market for residential creation.
What are the primary applications of the drywall marketplace in Canada?
- The primary applications are residential and business.
What are the major areas for the drywall market in Canada, consistent with the EMR record?
- The important regions consist of Northern Canada, British Columbia, Alberta, The Prairies, Central Canada, and Atlantic Canada.
Who are the key players inside the Canada drywall marketplace, in step with the record?
- The essential players are CGC Inc., CertainTeed, Georgia-Pacific LLC, Gold Bond Building Products, LLC., Envirowall Partition Systems Limited, and Armstrong World Industries, Inc., among others.
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