Canada Drywall Market to Grow at a CAGR of 6.6% During 2024-2032, Aided by the Rising Residential Projects in Canada

Drywall, also referred to as gypsum board or plasterboard, is widely employed in the walls and ceilings of houses and other buildings in Canada. Drywall is known as a versatile construction material that offers sturdiness and flexibility, making it a preferred choice for the construction of residential buildings.  Moreover, the cost-effectiveness, ease of installation, and ability to offer a smooth surface in various finishes are aiding the Canada drywall market growth.

The growing residential construction,  driven by the increasing government investments, is leading to the expansion of the market in Canada. Furthermore, the rapid population growth in cities across Canada is increasing the requirement for residential buildings, further contributing to the market growth.

Standard drywalls are commonly employed for interior walls in spaces with average moisture levels. Due to the diverse climatic conditions of the country, moisture-resistant drywalls are being increasingly adopted for use in areas prone to humidity and dampness, including bathrooms and kitchens in Canada.

Moisture-resistant drywalls prevent water absorption and hinder mould growth. Furthermore, the occurrence of wildfires across Canada is pushing homeowners to adopt fire-resistant drywalls that slow down the spreading of flames.

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Companies such as Georgia-Pacific LLC, and Armstrong World Industries, Inc. (NYSE: AWI) provide drywalls for flat and curved applications, corridors, soffits, clouds, transitions, and integrations. In July 2022, CGC Inc., the Canadian subsidiary of USG Corporation, announced its plans to construct a new, state-of-the-art wallboard manufacturing plant in Wheatland County, Alta. The investment, worth CAD 210 million aims to strengthen CGC’s commitment to the Canadian market and aims to serve its customers in Alberta and the West.

Market Analysis by Type, Application, and Region:

• The market, on the basis of type, can be divided into standard, fire-resistant, and mould/moisture resistant.

• The various applications of the product include residential and commercial.

• The major regional markets for drywall in Canada include Northern Canada, British Columbia, Alberta, the Prairies, Central Canada, and Atlantic Canada.

Key Findings of the Report:

• The Canada drywall market demand is being driven by the growing population and rapid urbanisation across Canada.

• The rising number of government initiatives and investments pertaining to the construction of residential buildings in Canada is supporting the market for drywalls.

• The rising repair, renovation, and remodelling of residential buildings is increasing the demand for drywalls in Canada.

• Key players in the market are expanding their production facilities and product offerings, contributing to the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the Canada drywall market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the types, applications, and major regions of drywall in Canada.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the Canada drywall market are CGC Inc., CertainTeed, Georgia-Pacific LLC, Gold Bond Building Products, LLC., Envirowall Partition Systems Limited, and Armstrong World Industries, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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