Dry Construction Global Market
Dry Construction is a method that refers to the utilization of innovation to minimize the use of water and the impact of concrete/cement on the environment. Instead of brickwork and plaster, this method emphasises utilization of dry lightweight material such as metals, plastic, plywood, and plastered (microfiber board) while building the interior walls, ceilings and floors and the façades are made with ACP (Aluminium Composite Panels). This allows almost 10 times lighter construction, extended carpet area saving up to 60% of time in comparison with the traditional construction (brick & mortar).
Attributing to these advantages, Dry Construction is increasingly garnering popularity becoming a booming trend in the construction industry worldwide. Some of the key benefits of Dry Construction include cost, time & energy efficient, superior sound attenuation, fire-protection and building mechanics creating a minimum construction waste. Besides this method offers ease of repairs, renovation and maintenance tasks. Owing to these factors, the Dry Construction market is garnering a huge prominence and demand perceiving an outstanding growth on the global platform.
Acknowledging the kind of traction garnered by this market, Market Research Future recently published a study report. According to the report, Dry Construction industry is projected to perceive a moderate growth by 2030 at a CAGR of ~5% during 2023 to 2030.
Other factors that contribute the market growth are rising industrialization & urbanization coupled with the improving economy worldwide that allows increasing purchase affordability. Also in most of the regions availability of favourable governments policies pertaining to lowering the proportion of down payment for second house loans and exempting of sales tax for ordinary housing, which helped the recovery of commercial housing market is positively impacting the market growth. Moreover, rising demand for eco-friendly & sustainable construction coupled with the government support, fuel the demand of Dry Construction market globally.
Conversely, there are one or two disadvantages of the Dry construction which are hindering its market growth. Probably disadvantages are limited lifespan & safety in case of Natural calamities, burglary etc.; low or no thermal mass etc.
Industry – Segmentation
For the convenience of understanding the report, the global Dry Construction market is segmented into 4 main dynamics.
By Type : Supporting Framework, Boarding and others.
By System : Wall, Flooring, Ceiling, and others
By Material : Metal, Wood, Plastic and other.
By Regions : North America, Europe, APAC, and Rest of the World.
Worldwide Competitive Outlook
Characterized by the presence of well-established and small players, the global Dry Construction market is highly competitive. Well established players engage in acquisitions, collaborations, and technological launches in order to capture shares and maintain their status.
Industry Advancements/Related News
January 17, 2018 – Somerville High School (US) announced the completion of their renovation process which was made easier through modular construction.
December 19, 2017 – Xella Group (Germany) Global player of dry construction & solution provider of building materials and related industries announced that it has acquired the Macon Group, (Romania) one of the largest manufacturers of building materials. The transaction is subject to approval by the competent antitrust authorities. The closing of the transaction is expected in the first half of 2018.
November 8, 2017 – Xella International S.A. announced the sale of its Fermacell business unit to James Hardie. Fermacell is the European market leader in the production and distribution of high-quality gypsum fiberboards and cement-bonded boards. Strategic M&A activities are an important part of the Xella Group’s growth strategy. Following the acquisition of the insulation materials company Ursa and the sale of the Fels business unit, the sale of Fermacell is Xella’s third major transformational transaction in 2017.
April 2017 – Panchshil Realty is India’s number one brand in commercial realty, construction technology, and international branded residences. While speaking on Dry Construction Technologies mentioned that most of the Panchshil projects have been awarded Platinum and Gold LEED certification. Further mentioning that for large-scale projects, most of the development area is covered by a network of roads made with ‘paving blocks’. These blocks are fixed on dry crush sand, which do not require the use of water. Moreover, during monsoons, paving blocks allow rain-water to percolate into the ground, which ultimately increases the ground water table.
Dry Construction – Regional Analysis
The Asia-Pacific region is expected to dominate the dry construction market, owing to the rapid developments in the construction industry in economies such China, India and Indonesia. The high population in the region along with the increasing construction activities is expected to drive the growth of the market here. APAC will be followed by the North America and the Europe region.
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
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