Industry Analysis & Industry Trends
The Plastering industry derives half of its annual revenue from the provision of drylining in the new housing construction market, typically subcontracting to homebuilders. A further 25% of annual revenue is derived from alteration and repair work on existing dwellings, involving contracting services directly to property developers, builders, social housing landlords and homeowners. The remaining 25% of industry revenue is generated from work on non-residential buildings such as hotels, offices, medical clinics and schools. Non-residential buildings generally have a much lower plaster content than residential buildings (per square metre of wall and ceiling area) due to the widespread use of alternative materials (e.g. cement sheets) and the absence of permanent internal walls... purchase to read more
Industry Report - Industry Analysis Chapter
The performance of the Plastering industry has been severely affected by the sharp contraction of investment into the building markets during the late 2000s, which accompanied the worst economic recession since World War II and the financial crisis. Just when the construction market began to show signs of emerging from the recession, the European Union has again lurched towards a financial crisis and driven down the recovery prospects of the UK economy. Over the five years through 2011-12, industry revenue is estimated to contract by 6.0% per annum, which will greatly exceed the minor decline in GDP of 0.4% per annum. This slump in activity has forced one in six firms to exit the industry since the mid-2000s and caused employment to drop by about 4,000 people... purchase to read more