Drywall and Insulation Contractor Global Market Report 2023
ReportLinker polls industry subcontractors for overview on market trends
The global drywall and insulation contractor market is expected to grow from $474.33 billion in 2022 to $529.04 billion in 2023 at a compound annual growth rate of 11.5 percent. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short-term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The drywall and insulation contractor market is expected to reach $782.29 billion in 2027 at a CAGR of 10.3 percent.
The drywall and insulation contractor market consists of revenues earned by entities by providing cellulose insulation, mineral wool insulation, fiberglass insulation and spray foam insulation. The market value includes the value of related goods sold by the service provider or included within the service offering.