U.S. Building Finishing Market Share, Growth and Forecast Report, 2032

NEW YORK - Aug. 21, 2025 - PRLog -- According to the latest market research study published by P&S Intelligence, the U.S. building finishing market is set to grow steadily, with its value projected to rise from USD 22.1 billion in 2024 to USD 29.2 billion by 2032, advancing at a CAGR of 3.7% during the forecast period. This growth is fueled by the booming demand for residential renovations and new construction, driven by aging infrastructure and a shift in consumer lifestyle preferences.

Post-pandemic, the surge in remote work has led homeowners to prioritize enhanced living spaces, boosting demand for services like drywall, painting, and flooring. The U.S. Census Bureau reported a total construction expenditure of USD 2,192.5 billion in January 2025, showcasing the sector's vitality. Additionally, advances in finishing technology are streamlining installation processes and reducing labor costs, further enhancing market performance.

Key Insights

• The flooring category dominated the market in 2024 with a 25% share, due to its universal necessity across all property types. Popular materials include tile, stone, wood, carpet, and vinyl, with regular repair needs also contributing to sustained demand.
• The insulation segment is forecast to register the fastest growth, at a CAGR of 4%, owing to tightening energy efficiency standards and support from federal initiatives like the Inflation Reduction Act and LEED incentives.
• Vinyl & laminate will grow the fastest among materials, at a CAGR of 4.2%, as they offer budget-friendly and DIY-friendly solutions for remodeling and new construction alike.

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• The residential segment accounted for the largest market share, 50% in 2024, driven by increasing demand for single-family and multifamily units, especially in high-growth states like Texas, Florida, and North Carolina.
• In terms of end use, new construction projects made up 60% of the market in 2024, benefiting from large-scale developments that integrate finishing into full construction contracts.
• Regionally, the Western U.S. held the highest share (30%) in 2024, thanks to robust development in cities like Los Angeles and Seattle, coupled with strong adoption of LEED standards and energy-efficient designs.
• The Northeast will emerge as the fastest-growing region, with a 5.1% CAGR, driven by redevelopment of industrial buildings, public infrastructure investments, and high demand for interior upgrades in urban areas.
• Major players shaping the industry include Turner Construction, Skanska USA, Clark Construction Group, and Lennar Corporation, among others.
• Recent industry developments include Turner Construction's April 2025 opening of the USD 337-million Cedar Hill Regional Medical Center and Sika AG's March 2025 acquisition of HPS North America Inc., enhancing access to premium finishing materials across the U.S.