North America Drywall Textures Market - Recovery of U.S. Housing Sector to Cross Bn-dollar Mark by 2
Drywall Textures Market - North America Industry Analysis, 2016 – 2024
United States, 10 April 2017 -- The expansion of the residential and commercial construction industries and the growth of the home improvement industry have boosted the demand for drywall textures in the North America.
According to the report, the drywall texture market in North America was valued atUS$ 741.1 Mn in 2014 and is projected to reach US$ 1,094.8 Mn by 2024, expanding at a CAGR of 4.5% between 2016 and 2024.
Higher existing house sales and the appreciation of home prices in the U.S. are expected to supplement the demand for drywall textures in the U.S. in the next few years. However, the shift in preference from owner-occupied houses toward rentals and the diminishing household mobility may obstruct the market growth. Furthermore, growing presence of the millennial generation in the rental market is likely to encourage property owners to invest in improving their home assets.
A sheet of drywall comprises gypsum, which is turned into powder and positioned between two pieces of an exceedingly dense paper. Based on the type of drywall, the drywall texture market in North America can be segmented into regular, moisture-resistant, fire-resistant and other drywalls (including soundproof and foil-backed).
Drywall can be finished in a wide range of textures. Every texture has certain advantages as well as disadvantages including cost but the choice of texture is mostly aesthetic. Knockdown texture, orange peel texture, roll texture, sand texture, and others (such as popcorn) are major texture segments of the drywall texture market. In terms of volume, the knockdown texture segment accounted for more than 37% share of the North America drywall texture market in 2015. It was followed by the orange peel texture segment.
Based on the mud type, the drywall texture market in North America can be divided into segments such as topping joint compound, all-purpose joint compound, and others (including setting compounds and LITE drying compounds). Topping joint compounds and all-purpose joint compounds are easy to work with, and both have shelf life of about nine months (at room temperature).
Drywall textures are used in applications such as walls and ceilings. In terms of volume, ceilings and walls jointly accounted for a majority of the market share of the North America drywall texture market in 2015. In terms of volume, residential construction accounted for a majority of the market share, followed by commercial construction and nonresidential construction in 2015. The drywall texture market for residential construction is of two types: Do It Yourself (DIY) and professionals.
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In terms of volume, the U.S. was the leading market for drywall textures in 2015, followed by Canada. The drywall texture market in the U.S is likely to expand at a moderately rapid pace due to rising demand for drywall texture in building and construction applications.
This report segments the drywall texture market in North America into:
Drywall Texture Market - Product Analysis
• Regular Drywall
The drywall texture market is moderately concentrated; large and medium-sized companies operate across the North America region. Key players operating in the market include Shikoku International Corporation, LS Drywall Inc., Hamilton Drywall Products, PABCO Gypsum, Muddy Boys, Inc., Artisan Textures and Drywall, Inc., USG Corporation, The Sherwin-Williams Company, Knauf Gips KG, 3M, and Graco Inc
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