Canada Drywall Market Share, Size, Trends and Industry Analysis 2024-2032

Canada Drywall Market Outlook

According to Expert Market Research (EMR), the Canada drywall market size achieved a value of USD 1,308.90 million in 2023. Aided by the rising demand for residential and commercial construction and the expanding applications of drywall in various architectural designs, the market is projected to grow at a 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 panel made of calcium sulfate dihydrate (gypsum) typically extruded between thick sheets of facer and backer paper. It is used in the construction of interior walls and ceilings. Drywall provides a smooth surface for painting, tiling, or wallpapering and is known for its ease of installation, fire resistance, and cost-effectiveness.

Key Market Drivers

The increasing demand for residential and commercial construction is a primary driver of the Canada drywall market. The country’s growing population, coupled with urbanization trends, is fueling the need for new housing developments and commercial spaces. This surge in construction activities directly boosts the demand for drywall as a key building material due to its versatility, durability, and ease of installation.

In the residential sector, the renovation and remodeling of existing homes also contribute significantly to the drywall market growth. Homeowners are increasingly opting for drywall due to its aesthetic appeal, fire resistance, and sound insulation properties. The trend towards open floor plans and modern interior designs further propels the use of drywall in various renovation projects.

The commercial construction sector, including office buildings, retail spaces, and institutional buildings, is another significant contributor to the drywall market. The need for efficient and quick construction solutions in the commercial sector drives the preference for drywall over traditional construction materials. Additionally, the increasing emphasis on energy-efficient and sustainable building practices is boosting the demand for eco-friendly drywall products.

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Technological Advancements

Technological advancements in drywall manufacturing are further enhancing market growth. Innovations such as lightweight drywall panels, moisture-resistant and mold-resistant boards, and improved fire-rated drywall are expanding the applications of drywall in construction. Lightweight drywall panels reduce transportation and handling costs, making them an attractive option for builders and contractors.

Moisture-resistant and mold-resistant drywall products are increasingly preferred in areas prone to high humidity and moisture, such as bathrooms, kitchens, and basements. These products enhance the durability and longevity of structures, reducing maintenance costs and improving indoor air quality.

Fire-rated drywall, designed to withstand high temperatures and slow down the spread of fire, is gaining popularity in both residential and commercial constructions. The stringent building codes and safety regulations in Canada mandate the use of fire-resistant materials, thereby driving the demand for fire-rated drywall products.

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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

Despite the positive growth outlook, the Canada drywall market faces certain challenges. Fluctuations in raw material prices, particularly gypsum, can impact production costs and pricing strategies. Additionally, the availability of skilled labor for drywall installation remains a concern, potentially affecting project timelines and costs.

However, these challenges present opportunities for market players to innovate and adapt. Investing in research and development to create more sustainable and cost-effective drywall solutions can help mitigate the impact of raw material price volatility. Furthermore, training programs and initiatives to upskill the workforce can address the labor shortage issue, ensuring the timely and efficient completion of construction projects.

The increasing focus on disaster-resistant construction is another area of opportunity. With the rising frequency of natural disasters, there is a growing demand for building materials that enhance the resilience of structures. Fire-resistant and moisture-resistant drywall products are well-positioned to meet this demand, providing an additional growth avenue for the market.

Future Prospects

The future of the Canada drywall market looks promising, with sustained demand from the residential and commercial construction sectors and ongoing technological advancements. The growing focus on energy-efficient and sustainable building practices is expected to drive the adoption of eco-friendly drywall products.

Environmental concerns and regulatory requirements will continue to be significant factors influencing market growth. As builders and contractors strive to meet stringent building codes and sustainability standards, the demand for advanced drywall products with enhanced performance characteristics is expected to rise.

Moreover, the rise of smart homes and buildings, incorporating IoT-enabled technologies and advanced materials, is likely to spur innovation in drywall products. The integration of sensors, real-time monitoring, and smart building systems will enhance the functionality and performance of drywall, providing significant opportunities for market players to innovate and expand their offerings.

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