The ‘Canada Drywall Market Size, Share, Demand, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the Canada drywall market, assessing the market on the basis of its segments like types, applications, and major regions.
Canada Drywall Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 6.0%
A major factor driving the Canada drywall market is the rise in infrastructural development activities, which is accelerating drywall-based innovations. The implementation of eco-friendly practices due to the rise in environmental concerns is also expected to positively impact the demand for sustainable construction materials, such as drywall. Drywalls are excellent insulators, thereby maintaining the optimum room temperature while promoting energy conservation. Moreover, their insulation and fire-resistance properties are boosting their preference in construction.
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Standard drywalls also contribute significantly to the market growth as they are utilised in the construction of standard walls and partitions in buildings. They are also portable, which makes them easy to install and remove from any establishment. Furthermore, their fire-resistant properties make them an optimal choice in the construction of schools and hospitals to provide additional security.
The expansion and development of residential buildings in urban areas are also expected to fuel the Canada drywall market. Increasing residential activities to accommodate the increasing population are surging the demand for cost-effective constructional materials that can reduce construction time. This, coupled with increasing investments by the government in real estate, is driving the market growth of drywalls.
Canada Drywall Industry Definition and Major Segments
Drywall, also known as gypsum board, gypsum panel, wallboard and plasterboard, among others, is typically used for constructing walls or ceilings. It is used as an alternative to plaster owing to its rapid drying and easy repairability. It is installed by encasing plaster panels between paper sheets, which are later joined with wood or metal using nails.
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On the basis of type, the market is classified into:
- Standard
- Fire-Resistant
- Mould/Moisture Resistant
Based on application, the market is segmented into:
- Residential
- Commercial
Based on region, the market is divided into:
- Northern Canada
- British Columbia
- Alberta
- The Prairies
- Central Canada
- Atlantic Canada
Canada Drywall Market Trends
A key trend propelling the growth of the Canada drywall market is the growing popularity of remodelling, repair, and maintenance of residential spaces. The desire to change home décor or renovate old houses with new material also favours the market growth. Furthermore, the growing influence of social media trends like do-it-yourself (DIY) is expected to boost the utilisation of drywall owing to its cost-effectiveness, ease of installation, and natural insulation and soundproofing benefits, among others.
The development of products such as plaster walls and gypsum panels that can enhance the applications of drywalls in residential complexes, office buildings, healthcare facilities, and other dwellings, is another crucial market trend. Moreover, key players are also implementing cutting-edge solutions to improve the material of gypsum board and provide high-performance building material for a better customer experience.
The flourishing tourism sector is also expected to propel the Canada drywall market as the construction of commercial places such as hotels, resorts, and guest houses is increasing. This drives the demand for an aesthetic and quick-to-build wall material that can meet the growing influx of infrastructural projects, consequently fuelling the market value.
Key Market Players
The major players in the Canada drywall market report are CGC Inc., CertainTeed, Georgia-Pacific LLC, Gold Bond Building Products, LLC., Envirowall Partition Systems Limited, and Armstrong World Industries, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
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