Canada Drywall Market Outlook
According to a new report by Expert Market Research titled “Canada Drywall Market Size, Share, Analysis, Report, Demand, Forecast 2024-2032″, the Canada drywall market grew substantially in 2023. Aided by the increased urban housing demand and rising trend of residential remodelling, repair, and maintenance, the market is projected to further grow at a CAGR of 5.5% between 2024 and 2032.
Drywall, also known as plasterboard or gypsum board, is a panel made of calcium sulphate dihydrate, with or without additives, and typically extruded between thick sheets of facer and backer paper. It is widely employed in interior construction to create walls and ceilings. In addition to its primary utility as a construction material, drywall offers fire resistance, sound isolation, and durability, making it an essential choice for builders and homeowners.
The surging demand for modern housing solutions and energy-efficient buildings in the country is driving the Canada drywall market growth. Rapid urbanisation and a strong inclination towards green building materials have made drywall a preferred alternative to traditional plaster. The material reduces construction time and is relatively more cost-effective, positioning it as a frontrunner in the building materials sector.
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Moreover, renovation activities have witnessed a considerable upswing in Canada, owing to the aging housing stock and the desire for contemporary interiors. Drywall plays a pivotal role in these renovation projects due to its ease of installation and versatility, driving its demand upwards. This remodelling trend, along with a growing population seeking housing, has thus underpinned the steady Canada drywall market expansion.
Another influential factor contributing to the rise of the drywall market in Canada is the industry’s continual innovations. Enhanced drywalls, with moisture and mould resistance or improved acoustic properties, cater to the evolving needs of consumers and professionals alike. The incorporation of recycled materials in the production process also aligns with the nation’s sustainability goals, thus boosting the Canada drywall market demand.
Furthermore, the government’s initiatives to boost the construction sector have indirectly benefitted the drywall industry. Infrastructure projects, commercial complexes, and a push for affordable housing have necessitated the increased consumption of construction materials, including drywall. As a testament to its growing indispensability, major real estate developers and builders are steadily increasing their reliance on drywall for both structural and aesthetic purposes.
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Canada Drywall Market Segmentation
The market can be divided based on type, application, and 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
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