NAICS 23831 - Drywall and Insulation Contractors
This industry comprises establishments primarily engaged in drywall, plaster work, and building insulation work. Plaster work includes applying plain or ornamental plaster, and installation of lath to receive plaster. The work performed may include new work, additions, alterations, maintenance, and repairs.
Industry trends:
In the NAICS 23831 sector, encompassing Drywall and Insulation Contractors, several qualitative trends have emerged recently. One significant trend is an increasing emphasis on energy efficiency and sustainable building practices. Contractors are seeing higher demand for eco-friendly insulation materials such as cellulose, wool, and recycled denim, alongside innovative drywall solutions that offer improved fire resistance and moisture control.
Technology adoption is also surging within the industry. The use of Building Information Modeling (BIM) and other digital tools is streamlining project planning, improving accuracy, and reducing waste. Smart homes and buildings, integrating advanced insulation techniques and drywall that can support smart systems, are becoming more common.
Labor shortages remain a pressing issue, spurring a push towards automation and prefabrication. Prefabricated wall panels and modular construction methods are gaining popularity as they help mitigate the impact of labor constraints and increase project efficiency.
Looking ahead, the industry is likely to continue evolving towards greener practices and greater technological integration. Increased investment in training and development for the workforce, coupled with a sustained focus on innovation, will be critical to meeting future demands. The consistent growth of residential and commercial construction will further drive the sector, despite potential economic headwinds.
This industry is comprised of:
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- Region
- Employees
- Net Sales
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- Total Assets
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