Canada Drywall Market

Canada Drywall Market Overview: 

The Canada drywall market is projected to exhibit a growth rate (CAGR) of 9.50% during 2024-2032. The heightened construction activities in the residential, commercial, and industrial sector, increasing demand for sustainable and durable construction materials in the construction sector, and rising investments in renovation and remodeling activities are some of the factors impelling the growth of the market.

Canada Drywall Market Trends:

Increasing Construction Activities

The rapid increase in construction activities across residential, commercial, and infrastructure sectors is impelling the growth of the market in Canada. Residential construction, driven by a growing population and urbanization, demand substantial quantities of drywall for both new buildings and renovation projects. The commercial sector, including office spaces, retail openings, and hospitality establishments, also contributes to this demand due to the constant need for modern, functional, and aesthetically pleasing interiors. Government initiatives and policies promoting infrastructure development further bolster the market growth. Investments in public facilities, transportation networks, and social infrastructure necessitated extensive use of drywall, known for its versatility and cost effectiveness. These projects often adhere to stringent timelines, making drywall an attractive option due to its ease of installation and reduced drying time compared to traditional plastering methods.

Apart from this, the rising trend of sustainable and green building practices is driving the demand for drywall. Drywall products that offer enhanced environmental performance like those with recycled content or superior energy efficiency are gaining traction. This shift aligns with Canada’s commitment to reducing carbon footprints and promoting sustainable development, further driving the adoption of drywall in various construction activities. According to GlobalData, the Canada green buildings market size in 2023 was $4.8 billion.

Technological Advancements in Drywall Products

Technological developments in the procedures of manufacturing and installing drywall are another important aspect propelling the market growth. New developments like moisture-resistant drywall, lightweight drywall, and soundproof drywall meet particular demands in the building sector and make these goods more appealing. For example, lightweight drywall makes transportation and installation easier, saving money on personnel and time while increasing project efficiency overall.

The increasing need for improved acoustic performance in residential and commercial buildings is met by soundproofing drywall, which creates a calmer and cozier atmosphere. However, to avoid mold growth and structural damage, moisture-resistant drywall is crucial in places like bathrooms and kitchens that are exposed to moisture and high humidity.

Innovations in drywall instruments and methods also support the market growth. Improved joint compounds and automated drywall installation technologies expedite the installation process, guaranteeing greater accuracy and quicker completion times. By facilitating installation and reducing reliance on highly skilled labor, these advances not only increase production but also alleviate the skilled labor scarcity that the construction industry faces.

Growing Focus on Renovation and Remodeling

The drywall market in Canada is greatly impacted by the growing focus on remodeling and renovation projects. Large-scale restoration projects are necessary due to aging infrastructure and the demand for contemporary, energy-efficient living and working environments. Updating interiors to increase usefulness, appeal, and value is an investment made by both homeowners and companies. This usually entails replacing or improving existing drywall.

Renovation operations are further stimulated by government rebates and incentives for energy-efficient house renovations. Adoption of drywall solutions with improved insulation and thermal efficiency is encouraged by programs that support sustainability and energy conservation. These programs complement market expansion while also being in line with more general environmental objectives.

In addition, the success of home improvement shows has increased interest in modest remodeling projects. This trend promotes the use of drywall accessories and supplies that are easy to use, allowing homeowners to do small-scale improvements on their own. With the growth of e-commerce platforms, individuals may now easily and confidently take on renovation projects by having access to a plethora of drywall materials, tools, and resources.

Canada Drywall Market News:

• May 2024: CGC announced an investment of $210 million to initiate the construction of a new wallboard manufacturing plant in Alta.
• February 2023: PatchMaster Drywall Repair Company declared the opening of PatchMaster serving Harrisburg.
   

Canada Drywall Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type and application.

Type Insights:

• Standard
• Fire-Resistant
• Mold/Moisture Resistant
   

The report has provided a detailed breakup and analysis of the market based on the type. This includes standard, fire-resistant, and mold/moisture resistant.

Application Insights:

• Residential
• Commercial
• Industrial
   

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes residential, commercial, and industrial.

Regional Insights:

• Ontario
• Quebec
• Alberta
• British Columbia
• Others
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Ontario, Quebec, Alberta, British Columbia, and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Canada Drywall Market Report Coverage:

Key Questions Answered in This Report:

• How has the Canada drywall market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Canada drywall market?
• What is the breakup of the Canada drywall market on the basis of type?
• What is the breakup of the Canada drywall market on the basis of application?
• What are the various stages in the value chain of the Canada drywall market? 
• What are the key driving factors and challenges in the Canada drywall?
• What is the structure of the Canada drywall market and who are the key players?
• What is the degree of competition in the Canada drywall market?  

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Canada drywall market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Canada drywall market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Canada drywall industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.