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Home › Industry Metrics › NAICS 23831

NAICS 23831 - Drywall and Insulation Contractors

NAICS 23831 - DRYWALL AND INSULATION CONTRACTORS
NAICS 23831 Drywall and Insulation Contractors NAICS 23832 Painting and Wall Covering Contractors NAICS 23833 Flooring Contractors NAICS 23834 Tile and Terrazzo Contractors NAICS 23835 Finish Carpentry Contractors NAICS 23839 Other Building Finishing Contractors
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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.

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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.

Explore the industry hierarchy

Drill down to explore more specific industries.

NAICS 23 Construction
NAICS 238 Specialty Trade Contractors
NAICS 2383 Building Finishing Contractors
NAICS 23831 Drywall and Insulation Contractors
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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.

  • Investment in renewable energy and grid modernization continues to accelerate.
  • Regulatory changes and sustainability initiatives are shaping long-term growth.
  • Operational efficiency and technology adoption are key focus areas.

Industry Comparison

How this industry compares to all industries.

Return on Investment (ROI) 7%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 94%

Loan Failure Rate 3%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 8%

Total Companies in this Industry 3,538
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Explore related industries

  • NAICS 23831 Drywall and Insulation Contractors
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  • NAICS 238310 Attic space insulating
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