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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Canada Drywall Market Analysis
Central Canada holds a significant market share in the Canada drywall market
The growing number of households, family homes and disposable income in provinces such as Quebec is significantly leading to a greater demand for residential construction.
British Columbia has witnessed a rise in both commercial and residential construction, with the value of construction permits rising 58% over five years till July 2022. In 2021, British Columbia’s construction sector represented 9.7% of the Province’s GDP. The rising eco-consciousness in the province is expected to increase the demand for drywall which is recyclable and an energy-efficient option.
Significant developments in Alberta are aiding the market growth. In July 2022, CGC Inc., the Canadian division of USG Corporation revealed their plan to construct a cutting-edge drywall manufacturing facility in Wheatland County, Alberta. The investment, worth CAD 210 million, will enable the strengthening of the company’s commitment to the Canadian market and allow them to serve their customers in Alberta and the West.
Canada Drywall Market Report Snapshots
Canada Drywall Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the Canada drywall market reached an approximate value of USD 1,308.90 million.
The market is expected to grow at a CAGR of 6.6% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 2,184.25 million by 2032.
Drywall, sometimes referred to as plasterboard or wallboard, is made up of two paperboards sandwiching gypsum, a mineral sulphate that is typically white or grey in colour.
Drywall can be used to create arches, eaves, separation walls, and smooth surfaces for further interior décor.
The major drivers of the market are the growing construction sector, rising demand for urban housing, and increasing prevalence of repair, remodelling, and renovation in the residential sector.
The key trends propelling the growth of the market include innovations in drywall-based construction techniques, new technologies being developed for drywalls, and increased government spending in the real estate market for residential construction.
The major applications of the drywall market in Canada are residential and commercial.
The major regions for the drywall market in Canada include Northern Canada, British Columbia, Alberta, The Prairies, Central Canada, and Atlantic Canada.
The major players in the market are CGC Inc., CertainTeed, Georgia-Pacific LLC, Gold Bond Building Products, LLC., Envirowall Partition Systems Limited, and Armstrong World Industries, Inc., among others.
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