Canada Drywall Market Outlook

According to recent reports, the Canada drywall market size has experienced steady growth in recent years, with increasing demand from the residential, commercial, and industrial sectors. As the construction industry in Canada continues to expand, driven by urbanization, population growth, and infrastructure development, the drywall market is expected to play a crucial role. The Canada drywall market attained a value of approximately USD 1,308.90 million in 2023, and it is projected to grow at a compound annual growth rate (CAGR) of 6.6% between 2024 and 2032, reaching a value of USD 2,184.25 million by 2032.

Drywall, also known as plasterboard or gypsum board, is a key material used in construction for interior walls and ceilings. It provides a smooth surface that can be painted, wallpapered, or textured, offering versatility in residential and commercial settings. The material is favoured for its ease of installation, affordability, and fire-resistant properties. These characteristics make drywall a preferred choice for both new construction and renovation projects, particularly as the Canadian government continues to invest in infrastructure and housing development initiatives.

The growing construction activities across Canada, along with advancements in drywall technology, are expected to support the drywall market’s growth in the coming years. Additionally, the increasing focus on sustainable and energy-efficient building materials is leading to the development of eco-friendly drywall solutions, further driving the market expansion.

Construction Industry as a Key Driver

The thriving construction sector in Canada is one of the primary factors fueling the growth of the Canada drywall market. As urbanization accelerates, especially in major cities such as Toronto, Vancouver, and Montreal, the demand for new residential and commercial buildings is increasing. This surge in construction activity is directly boosting the demand for drywall, which is widely used in both new constructions and renovation projects.

Moreover, the Canadian government’s investments in infrastructure projects, including schools, hospitals, and public buildings, are also playing a crucial role in the expansion of the drywall market. Large-scale projects such as public transportation hubs, commercial spaces, and housing developments require substantial amounts of drywall for internal partitioning and ceiling construction, ensuring a steady demand for the product.

Additionally, the growing trend of home renovation and remodeling is further driving the Canada drywall market. Many homeowners are investing in upgrading their interiors, which often includes replacing or installing new drywall for improved aesthetics, better insulation, and fire safety. This trend is expected to continue as more people opt for home improvement projects, contributing to the sustained growth of the market.

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Sustainability and Innovation in Drywall Products

As environmental concerns gain prominence, the construction industry in Canada is increasingly focusing on sustainability, and the Canada drywall market is no exception. The demand for eco-friendly and energy-efficient building materials is rising, and drywall manufacturers are responding by developing products that align with these trends.

Eco-friendly drywall, which incorporates recycled content or is manufactured using less energy-intensive processes, is gaining popularity. For instance, some drywall products are made using recycled gypsum, which helps reduce the environmental impact of mining for natural gypsum. Additionally, manufacturers are developing drywall with improved thermal insulation properties, which contribute to energy-efficient buildings by reducing heating and cooling costs.

Another area of innovation in the drywall market is the development of fire-resistant and moisture-resistant drywall. These products are designed to meet the specific needs of buildings in regions with high humidity or where fire safety is a critical concern. Fire-rated drywall, for example, is used in buildings that require enhanced fire protection, such as commercial spaces and multi-unit residential buildings.

Moreover, drywall manufacturers are also focusing on improving the durability and longevity of their products. High-performance drywall, which offers enhanced resistance to impact and wear, is gaining traction, particularly in commercial and high-traffic areas such as schools and hospitals. These innovations are expected to further drive the demand for drywall in the Canadian market.

Residential and Commercial Applications

The Canada drywall market is segmented into residential and commercial applications, with both sectors contributing significantly to the overall demand for drywall.

In the residential sector, drywall is widely used in the construction of single-family homes, apartments, and condominiums. The ongoing population growth and urbanization in Canada are driving the demand for new housing, particularly in major cities where housing shortages are becoming more prevalent. As a result, the residential construction sector is a key driver of the drywall market.

Additionally, the trend of multi-family housing developments is on the rise, with developers increasingly focusing on building energy-efficient and sustainable homes. Drywall, with its fire-resistant and sound-insulating properties, is an essential material in these constructions, helping meet regulatory requirements and enhancing the quality of living spaces.

In the commercial sector, drywall is extensively used in the construction of office buildings, retail spaces, healthcare facilities, and educational institutions. The demand for flexible interior spaces in these buildings has led to an increase in the use of drywall for partitioning and ceiling installations. Furthermore, the need for quick and cost-effective construction solutions in the commercial sector makes drywall a preferred choice due to its ease of installation and versatility.

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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 Canada drywall market is poised for growth, it is not without challenges. One of the primary challenges is the fluctuating cost of raw materials, particularly gypsum, which can affect the pricing of drywall products. Additionally, the construction industry is highly sensitive to economic fluctuations, and any downturn in the economy could impact the demand for drywall.

However, the market also presents numerous opportunities. The growing trend towards sustainable building practices and green construction is expected to create opportunities for manufacturers of eco-friendly drywall products. With increasing regulations and certifications related to energy efficiency and sustainability, there is a growing demand for products that contribute to environmentally responsible construction practices.

Another opportunity lies in the rising demand for modular construction. Modular buildings, which are constructed off-site and assembled on-site, require significant amounts of drywall for interior finishing. As the adoption of modular construction techniques increases in Canada, particularly in the residential and commercial sectors, the demand for drywall is expected to grow accordingly.

Furthermore, the trend of smart homes and buildings is opening up new avenues for the Canada drywall market. Drywall products that integrate smart technologies, such as soundproofing or climate control features, are gaining attention. As more consumers and businesses embrace smart building technologies, there is potential for drywall manufacturers to develop innovative products that cater to these emerging needs.

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