Market Segmentation Analysis: By Type: Supporting framework segment dominated the market in 2023 and is also foreseen to grow at the fastest CAGR during the forecasted period. Supporting Framework encompasses the structural elements that provide stability and support within dry construction systems. This includes metal studs, joists, tracks, and other framing components.
The increasing preference for lightweight and easily installable materials, such as metal studs, contributes to the demand for supporting framework systems. Additionally, the rising focus on sustainable construction practices favors the adoption of materials with high recyclability and low environmental impact, further fueling the growth of this segment. By Material: Plasterboard segment dominated the market in 2023.
Plasterboard, also known as gypsum board or drywall, is one of the most widely used materials in dry construction. Its popularity stems from its ease of installation, affordability, and versatility. Factors driving the growth of the plasterboard segment include its excellent fire resistance properties, sound insulation capabilities, and its ability to provide smooth and uniform surfaces for finishing.
Additionally, the increasing adoption of eco-friendly plasterboard options, which are made from recycled materials and offer improved sustainability, is further fueling the segment's growth. By Application: Residential segment dominated the market in 2023 and is also foreseen to grow at the fastest .
