The Market for the Global Dry Construction industry has seen an extensive upward surge since 2009. The global dry construction market is projected to reach USD 79.08 Billion by 2020, with a CAGR of 5.3% during the forecast period, (2015 to 2020).
Browse 196 market data tables and 65 figures spread through 213 pages and in-depth TOC on “Dry Construction Market”
The Asia-Pacific region accounted for around 33% of the total market share in terms of value, followed by the North American and European regions. However, as the dry construction market in developed countries is getting matured, the markets in developing countries such as China, Indonesia, and India are estimated to grow at a higher rate from 2015 to 2020. China is estimated to grow faster than any other country because of its high population along with new constructions coming up in the next five years.
The dry construction market has been growing in accordance with the construction industry. With growing awareness about global warming and concerns about the environment, people are opting for eco-friendly techniques of constructions, which have had an impact on the market for dry construction products.
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The global dry construction market is projected to reach USD 79.08 Billion by 2020, with a CAGR of 5.3% during forecast period, that is, 2015 to 2020. After the economic slowdown, new constructions have come up in large numbers. The Asia-Pacific region accounted for around 33% of the total market share in terms of value, followed by the North America and Europe regions. However, as the dry construction market in developed countries is maturing, the markets in developing countries such as India and China are estimated to grow at a higher rate from 2015 to 2020 because of the new constructions coming up in the next five years.
Increasing disposable incomes in developing countries, increasing industrialization, and changing preferences of people towards sustainable building techniques will drive the growth of the dry construction market.
The dry construction market is marked with intense competition due to the presence of a large number of both big and small firms. The key players in the market are Saint Gobain (France), Xella Group (Germany), Armstrong World Industries (U.S.), Etex Group (Belgium), and Fletcher Building (New Zealand).
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