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Written by George Buttler » Updated on: December 25th, 2024
According to the latest industry report, the Canada drywall market size reached a value of USD 1,308.90 million in 2024. The market is expected to grow at a compound annual growth rate (CAGR) of 6.6% between 2025 and 2034, reaching a value of USD 2,184.25 million by 2034. This growth is driven by the ongoing expansion in the construction and renovation sectors, as well as the increasing demand for energy-efficient and sustainable building materials. With drywall's versatile applications in residential, commercial, and industrial spaces, the market's outlook remains positive, supported by the country’s steady economic development and infrastructure projects.
Drywall, also known as gypsum board, plasterboard, or wallboard, is a popular construction material used for interior walls and ceilings. Composed primarily of gypsum, a naturally occurring mineral, drywall is valued for its ease of installation, cost-effectiveness, and fire-resistant properties. As a core component of modern construction, drywall plays a pivotal role in shaping the built environment in Canada, making it an essential element in the nation’s growing construction landscape.
Several key factors are driving the growth of the Canada drywall market. One of the most significant drivers is the robust construction industry. Over the past decade, Canada has experienced a consistent rise in both residential and commercial construction activities, particularly in major urban centers such as Toronto, Vancouver, and Montreal. Increased investments in real estate development, including housing, offices, and retail spaces, have significantly boosted the demand for drywall, as it remains a preferred material for interior applications.
The Canadian government’s focus on infrastructure development is another major driver of the drywall market. Federal and provincial initiatives aimed at upgrading infrastructure, building new roads, bridges, and public facilities, as well as supporting urban revitalization projects, have spurred demand for construction materials, including drywall. As part of these efforts, building codes and regulations are being updated to ensure more sustainable and energy-efficient construction, further contributing to the demand for Canada drywall market, which is known for its thermal insulation properties.
Additionally, the rise in home renovation and remodeling projects has contributed to the increased consumption of drywall in Canada. As homeowners seek to upgrade their living spaces and improve functionality, drywall remains a popular choice for creating smooth, modern surfaces. This trend is expected to continue, particularly as older homes undergo extensive renovations, further fueling market demand.
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The growing emphasis on sustainability and green building practices is a significant trend in the Canada drywall market. With the construction industry increasingly focused on reducing environmental impact, drywall manufacturers are incorporating recycled materials and energy-efficient production techniques into their products. The use of recycled gypsum in drywall production is gaining traction, as it reduces the demand for virgin gypsum and lowers overall carbon emissions. Furthermore, drywall products with enhanced fire-resistant, soundproofing, and moisture-resistant qualities are becoming more sought after, particularly in commercial and multi-family residential buildings.
Energy-efficient buildings and sustainable construction materials are becoming a major focus in Canada’s green building movement. Drywall, due to its ability to contribute to a building’s energy efficiency by improving insulation, is expected to play a key role in meeting the growing demand for environmentally friendly construction materials. As building certifications such as LEED (Leadership in Energy and Environmental Design) continue to gain popularity, drywall’s role in achieving these green standards is likely to expand, with demand for eco-friendly products on the rise.
Another trend impacting the Canada drywall market is the increasing adoption of advanced technology in drywall manufacturing and installation. Innovations in production techniques, such as automated processes and digital design tools, are improving the quality and efficiency of drywall products. Additionally, the use of advanced installation technologies, including the rise of prefabricated drywall panels and automated drywall hanging systems, is contributing to faster construction times and reduced labor costs, making drywall an even more attractive choice for builders and contractors.
The market can be divided based on type, application, and region.
Market Breakup by Type
Market Breakup by Application
Market Breakup by Region
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:
Despite the positive growth prospects, the Canada drywall market faces several challenges. One of the primary concerns is the volatility of raw material prices. Gypsum, the key ingredient in drywall, is subject to fluctuations in supply and demand, which can result in price instability. Additionally, disruptions in the supply chain, such as transportation delays or natural disasters, can cause price hikes and impact the availability of materials. This volatility can affect the overall cost structure for contractors and end-users, potentially slowing down construction projects and making budgeting more difficult.
Another challenge facing the Canada drywall market is the competition from alternative materials. Although drywall remains the most popular choice for interior wall construction, other materials, such as plaster, cement board, and wood paneling, are gaining traction, especially in specialized applications like bathrooms and kitchens. These alternatives offer different benefits, such as improved moisture resistance or aesthetic appeal, which can sometimes make them more desirable depending on the specific project requirements. The increasing popularity of these materials, particularly in niche markets, could pose a challenge to drywall’s dominance in the market.
The Canada drywall market presents several growth opportunities in the coming years. One of the most significant opportunities lies in the country’s expanding construction and real estate sectors. The demand for both residential and commercial buildings continues to rise, particularly in urban areas where population growth and the demand for housing are creating an ongoing need for interior finishing materials like drywall. The trend towards mixed-use developments, which combine residential, commercial, and office spaces, also presents opportunities for drywall manufacturers to tap into new construction segments.
The ongoing focus on energy-efficient and green buildings provides another growth opportunity for the drywall market. With Canada’s commitment to reducing carbon emissions and advancing sustainability goals, demand for drywall products that meet energy efficiency standards is likely to increase. Drywall’s role in creating energy-efficient, sustainable buildings aligns well with these trends, positioning the material as a key player in the green construction movement. Manufacturers that invest in producing environmentally friendly drywall products will be well-positioned to meet this growing demand.
Additionally, the growing trend of modular and prefabricated construction is expected to provide significant opportunities for drywall manufacturers. Prefabricated drywall panels are becoming increasingly popular due to their ease of installation, reduced construction time, and cost-efficiency. As demand for modular buildings continues to rise, especially in the commercial and residential sectors, the use of drywall in these applications is expected to grow.
Company Name: Claight Corporation
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