Canada Drywall Market Outlook
According to the report by Expert Market Research (EMR), the Canada drywall market size attained a value of USD 1,308.90 million in 2023. Driven by the growing construction activities, rising demand for residential and commercial buildings, and an expanding focus on sustainable building materials, the market is expected to grow at a compound annual growth rate (CAGR) of 6.6% between 2024 and 2032, reaching a value of USD 2,184.25 million by 2032.
Drywall, also known as gypsum board or plasterboard, is a crucial material in the construction industry. It is used in the interior construction of walls, ceilings, and partitions in both residential and commercial buildings. Drywall has become a preferred material in the construction industry due to its cost-effectiveness, ease of installation, and fire-resistant properties. These advantages, along with its lightweight and acoustic insulation properties, make drywall a key component in modern building practices.
The growth of the Canada drywall market is primarily fueled by the robust performance of the construction sector, which includes residential, commercial, and infrastructure development. With increasing demand for sustainable and energy-efficient building solutions, drywall’s role in construction is becoming more important. The market is also benefiting from technological advancements in drywall manufacturing, leading to more durable and versatile products, as well as innovations in environmental sustainability, such as the use of recycled materials in production.
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Growth Drivers
Several factors are contributing to the growth of the Canada drywall market. One of the primary drivers is the strong demand in the residential construction sector. Canada’s growing population, urbanisation, and migration trends are significantly influencing the construction of new homes and apartment buildings. The need for affordable housing has led to a surge in demand for drywall, as it is an essential material in the construction of interior walls and ceilings.
The commercial and industrial sectors are also significant contributors to the drywall market’s growth. As Canada continues to experience robust demand for office buildings, retail spaces, schools, hospitals, and other public infrastructure, the need for drywall in these developments has remained strong. Furthermore, the growing emphasis on sustainable and energy-efficient buildings has boosted demand for drywall products that offer better insulation and acoustical properties.
Renovations and refurbishments of existing properties are also an important factor driving market growth. With many older buildings undergoing upgrades to meet modern building codes, as well as the desire for improved aesthetics and functionality, drywall is increasingly being used in renovation projects.
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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
Market Challenges
Despite the optimistic market outlook, the Canada drywall market faces several challenges. One of the primary concerns is the fluctuation in raw material prices. Gypsum, the key ingredient in drywall production, is subject to price fluctuations due to factors such as mining costs, transportation expenses, and global supply chain disruptions. These fluctuations can impact the overall cost structure of drywall manufacturers and affect pricing in the market.
Additionally, environmental sustainability is becoming an increasing focus in the construction industry. The production and disposal of drywall contribute to carbon emissions and waste generation, leading to calls for greener alternatives. While manufacturers are working to develop more sustainable drywall options, such as products made from recycled materials or low-VOC (volatile organic compound) formulations, the transition to these alternatives can take time and require investment.
Labor shortages in the construction industry also pose a challenge. Skilled labor, including drywall installers and contractors, is in high demand, which can cause delays in construction timelines and increase project costs. As the construction sector continues to grow, addressing labor shortages will be crucial for the timely completion of drywall-dependent projects.
Industry Opportunities
There are several emerging opportunities in the Canada drywall market. The growing trend of energy-efficient buildings presents a significant opportunity for drywall manufacturers. The demand for products with superior insulation and fire-resistant properties is increasing as builders and homeowners seek ways to reduce energy consumption and enhance building safety. Drywall products that offer thermal and sound insulation, as well as moisture resistance, are expected to experience increased demand.
Additionally, the rise of sustainable construction practices is opening doors for eco-friendly drywall solutions. Manufacturers that develop drywall products using recycled materials, non-toxic binders, and energy-efficient production methods will likely see a growing customer base among environmentally-conscious builders and developers.
The growing renovation market also presents a valuable opportunity for drywall manufacturers. With more homeowners opting to refurbish existing properties rather than build new ones, drywall remains an essential material in the renovation of kitchens, bathrooms, and living spaces.
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