Canada Drywall Market Size, Share, Trends & Report | 2032

Canada Drywall Market Outlook

According to the report by Expert Market Research (EMR), the Canada drywall market size achieved a value of USD 1,308.90 million in 2023. Fueled by the growing demand for residential, commercial, and industrial construction projects, coupled with the increasing trend of renovation activities, the market 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 an essential building material used in the construction and renovation of residential and commercial properties. It is primarily used for walls and ceilings, providing a smooth, durable surface for finishing, insulation, and fire resistance. The market growth is attributed to several key factors, including the expansion of the construction industry, technological advancements in drywall manufacturing, and the growing preference for environmentally sustainable building materials.

Key Market Drivers

The Canada drywall market growth is underpinned by several influential drivers that are shaping the industry’s trajectory. These include expanding construction activities, the rise in residential and commercial renovations, increasing demand for sustainable building materials, and ongoing technological innovations in drywall production.

• Growth of the Construction Industry: One of the primary drivers for the Canada drywall market is the expansion of the construction industry. In recent years, both residential and commercial sectors have experienced significant growth. The demand for new housing, particularly in major urban centers like Toronto, Vancouver, and Montreal, has been on the rise. Government initiatives, such as infrastructure development projects and funding for residential construction, have further fueled this growth. As more buildings are constructed, the demand for drywall continues to increase, as it is a fundamental material in nearly every construction project.

• Renovation and Remodelling Boom: Alongside new construction, the renovation and remodeling market is another critical driver for drywall demand. As existing buildings age, property owners in Canada are increasingly opting to update and modernize their homes, offices, and retail spaces. Whether for aesthetic improvements, increased energy efficiency, or compliance with new building codes, drywall plays an essential role in renovation projects. The rising popularity of home improvement projects, accelerated by the growing trend of DIY (do-it-yourself) culture, is significantly contributing to the ongoing demand for drywall materials.

• Technological Innovations in Drywall Production: Technological advancements in drywall manufacturing processes have also played a crucial role in driving the market. Manufacturers are continuously working to develop more lightweight, durable, and easy-to-install drywall products. New drywall variants, such as moisture-resistant and fire-resistant boards, are now available, offering enhanced safety and performance in different applications. These innovations are not only meeting the needs of modern construction but also making drywall installation faster and more efficient, thus encouraging higher consumption.

• Demand for Sustainable Building Materials: Increasing environmental awareness has led to a significant shift towards eco-friendly construction materials, and drywall is no exception. Modern drywall is made from gypsum, a natural mineral, and often includes recycled materials, making it a relatively sustainable product. The growing preference for green building materials, driven by both regulatory changes and consumer demand, is contributing to the growth of the drywall market. LEED (Leadership in Energy and Environmental Design) certification for buildings has become a significant factor in promoting the use of sustainable drywall products, further driving market growth.

• Regulatory and Safety Standards: Stricter building codes and safety regulations are another driver for drywall market growth. Fire safety remains a critical concern in building construction, and drywall is an essential material in fire prevention strategies due to its fire-resistant properties. New building regulations require the use of specific types of drywall that meet fire ratings, which has significantly impacted the market. As safety standards continue to evolve, the demand for drywall that offers enhanced performance in terms of fire resistance, acoustics, and insulation will likely increase.

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Technological Advancements in Drywall Manufacturing

Innovation in drywall production processes is a major factor influencing the Canadian market. Manufacturers are investing in advanced technologies to improve the quality, efficiency, and environmental sustainability of drywall products. Modern drywall now includes features like improved fire resistance, mold and mildew protection, and soundproofing qualities, which cater to the evolving needs of consumers and construction professionals.

For example, fire-resistant drywall is gaining popularity due to its ability to slow the spread of fires in commercial and residential buildings. Similarly, moisture-resistant drywall is becoming a standard choice in areas prone to high humidity, such as bathrooms and kitchens, where traditional drywall would degrade over time. Manufacturers are also focusing on producing drywall that is lighter and easier to handle, making installation faster and less labor-intensive.

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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 in the Market

Despite the strong growth drivers, several challenges persist within the Canada drywall market. These challenges include raw material price fluctuations, competition from alternative materials, and environmental concerns related to waste management.

• Raw Material Price Fluctuations: The prices of key raw materials used in drywall production, such as gypsum, can fluctuate significantly, affecting production costs. These price fluctuations can, in turn, impact the overall cost of drywall products and, consequently, the pricing dynamics in the market. Manufacturers must continuously manage these fluctuations to maintain profitability and competitive pricing.

• Competition from Alternative Building Materials: Although drywall remains the material of choice in most construction projects, alternative materials, such as cement boards and plaster, pose competition. These materials are often perceived as offering better durability or additional benefits, such as water resistance, in specific applications.

• Waste Management and Recycling: The disposal of drywall waste, especially from construction and demolition projects, is an ongoing environmental concern. Although drywall is recyclable, a significant portion of waste ends up in landfills. The industry is under increasing pressure to improve recycling rates and reduce its overall environmental footprint. Manufacturers and regulators are working together to find solutions to this issue, promoting sustainable practices across the value chain.

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