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Canada Drywall Market Share, Size, Trends & Forecast | 2032

  • PublishedOctober 11, 2024

Canada Drywall Market Outlook

According to the report by Expert Market Research (EMR), the Canada drywall market size achieved a value of USD 1,308.90 million in 2023. With the increasing demand for residential and commercial construction and renovation, the market is projected to grow at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2032, reaching a value of USD 2,184.25 million by 2032.

Drywall, also known as gypsum board or plasterboard, is a widely used construction material composed of a gypsum core sandwiched between two sheets of heavy paper. It serves as a critical element in interior construction, providing fire resistance, sound insulation, and moisture control. The increasing focus on sustainable construction practices and the rising popularity of modern design trends are expected to fuel the growth of the drywall market in Canada.

Key Market Drivers Of Growth

Several factors are driving the growth of the Canada drywall market. One of the primary drivers is the robust growth in the construction industry, supported by government initiatives aimed at enhancing infrastructure and housing. The Canadian government has committed significant investments in various construction projects, including residential buildings, commercial spaces, and public infrastructure, which will significantly increase the demand for drywall products.

Furthermore, the renovation and remodeling sector is witnessing a resurgence, as homeowners are increasingly opting for home improvement projects. This trend is fueled by rising property values and the desire for modern living spaces. Drywall is a preferred choice for interior walls and ceilings due to its versatility, ease of installation, and cost-effectiveness, further contributing to market growth.

The trend towards green building practices is also propelling the Canada drywall market. Sustainable construction methods prioritize materials that reduce environmental impact, and drywall made from recycled gypsum is gaining popularity. Manufacturers are increasingly producing eco-friendly drywall options, such as those with low volatile organic compounds (VOCs), catering to the growing consumer demand for sustainable building materials.

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Technological Advancements

Technological advancements in drywall manufacturing and installation processes are significantly impacting the Canada drywall market. Innovations such as the development of lightweight drywall products have improved handling and installation efficiency, reducing labor costs and construction timelines. These products are particularly advantageous for residential projects where speed and efficiency are paramount.

Additionally, advancements in joint finishing technologies and the introduction of pre-finished drywall systems are enhancing the overall quality and performance of drywall installations. The use of these advanced technologies not only improves aesthetic outcomes but also reduces the need for extensive finishing work, leading to cost savings for contractors and homeowners.

Moreover, digital tools and software for project management and design are becoming increasingly prevalent in the drywall industry. These technologies enable better collaboration among architects, contractors, and builders, leading to more efficient project execution and reduced waste.

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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

Challenges and Opportunities

While the outlook for the Canada drywall market appears positive, several challenges may hinder growth. One significant concern is the volatility of raw material prices, particularly gypsum, which is the primary ingredient in drywall production. Fluctuations in supply and demand dynamics can impact manufacturing costs and, consequently, market pricing. Additionally, supply chain disruptions, as seen during the COVID-19 pandemic, have underscored the vulnerability of the construction industry to external shocks.

Moreover, the drywall industry faces competition from alternative materials, such as cement board and wood paneling, which may be preferred in specific applications due to their unique properties. While drywall is favored for interior applications, its suitability may be limited in high-moisture environments, where alternatives may be more durable.

Despite these challenges, the Canada drywall market presents numerous opportunities for growth. The ongoing trend towards smart buildings and advanced construction technologies is reshaping the landscape. The integration of smart materials and systems in construction is opening avenues for innovative drywall products, such as those with built-in sensors for environmental monitoring and energy efficiency.

Additionally, the rising trend of renovation and remodeling projects in existing properties is contributing to the demand for drywall. Homeowners are increasingly investing in upgrading their living spaces, which often involves the installation of new drywall. This renovation trend provides an opportunity for drywall manufacturers to cater to the needs of the residential renovation market.

Future Market Trends

Several trends are expected to shape the future of the Canada drywall market. One significant trend is the increasing focus on lightweight drywall products. Manufacturers are innovating to produce lighter and more manageable drywall panels, facilitating easier installation and reducing labor costs. These products are particularly appealing to contractors seeking efficiency in construction projects.

Another anticipated trend is the growth of fire-rated drywall products. With increasing awareness of fire safety regulations in residential and commercial construction, the demand for fire-resistant drywall is on the rise. Builders are increasingly opting for fire-rated drywall solutions to ensure compliance with safety standards and to protect occupants and property.

Furthermore, the adoption of digital technologies in the construction sector is expected to impact the drywall market. Building Information Modeling (BIM) and other digital tools are becoming standard in construction project planning and execution. These technologies enable better coordination and efficiency in drywall installation, ultimately leading to improved project timelines and reduced costs.

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