Press Release

India Gypsum Board Market is expected to grow at a CAGR of 9.18%

India Gypsum Board Market is expected to grow owing to growing awareness and emphasis on sustainable construction practices throughout the forecast period.

According to TechSci Research report, “India Gypsum Board Market - By Region, Competition, Forecast and Opportunities 2019-2029”, the India Gypsum Board Market is expected to register robust growth during the forecast period. The overall growth in construction activities across various sectors contributes significantly to the demand for gypsum boards. Residential construction, commercial complexes, educational institutions, healthcare facilities, and industrial projects all rely on gypsum boards for interior applications. The material's ease of installation, lightweight nature, and adaptability make it a preferred choice for builders and developers undertaking diverse construction projects.

With India experiencing rapid urbanization, there is a tremendous opportunity for gypsum board manufacturers and suppliers to cater to the increasing demand for construction materials. Urban development projects, including residential and commercial complexes, infrastructure initiatives, and smart cities, offer a robust market for gypsum boards. By aligning product offerings with the needs of urban development, manufacturers can tap into this burgeoning market.

 

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Based on type, the Wall Board segment is expected to dominate the market during the forecast period. The evolving preferences in interior design and aesthetics influence the demand for innovative wall solutions. Gypsum boards allow for a wide range of finishes, textures, and designs, providing architects and interior designers with the flexibility to create visually appealing spaces. The wall board segment benefits from the constant evolution of interior design trends, driving the adoption of gypsum boards for decorative and functional wall applications. The trend towards sustainable construction practices also influences the wall board segment. Manufacturers are developing eco-friendly gypsum boards with recycled content and sustainable production processes. Builders and developers, in line with green building certifications, are increasingly choosing gypsum boards that contribute to environmentally friendly construction practices. The wall board segment in the India Gypsum Board Market is poised for continued growth, driven by urbanization, design trends, and a focus on sustainable construction. Manufacturers that invest in product innovation, address cost concerns, and align with environmental considerations are likely to thrive in this dynamic and evolving segment. As construction practices and design preferences evolve, the wall board segment will play a crucial role in shaping interior spaces across residential, commercial, and institutional projects in India.

Based on application, the Commercial segment is projected to dominate the market throughout the forecast period. The commercial sector places a significant emphasis on creating aesthetically pleasing and functional interior spaces. Gypsum boards enable architects and designers to achieve diverse design elements, ranging from sleek and modern office interiors to decorative features in retail environments. The demand for visually appealing and well-designed commercial spaces drives the use of gypsum boards for interior applications. Sustainability is a growing trend in the commercial construction sector. Gypsum board manufacturers are responding by developing environmentally friendly products with recycled content and sustainable production practices. Buildings seeking Leadership in Energy and Environmental Design (LEED) certification often incorporate gypsum boards as part of their commitment to sustainable construction practices. The commercial sector segment within the India Gypsum Board Market is poised for continued growth as commercial construction activities expand and businesses prioritize visually appealing and functional interiors. Manufacturers that focus on addressing regulatory challenges, offering innovative solutions, and aligning with sustainability trends are likely to see increased adoption of gypsum boards in the dynamic and evolving commercial construction landscape in India.

 

Key market players in the India Gypsum Board Market are:-

  • Sakarni Plaster (India) Private Limited
  • Gipskarton India Private Limited
  • India Gypsum Pvt Ltd
  • Saint-Gobain Gyproc India Ltd.
  • Vinayak Gypsum & Interiors Pvt. Ltd.
  • SCG International India Pvt Ltd.
  • Gypelite India Private Limited
  • Gypcore India Pvt Ltd
  • Knauf India Private Limited
  • Ocean International
  • VANS Gypsum Pvt. Ltd.
  • Eros Minerock Products LLP
  • Fact-Rcf Building Products Limited
  • Entity Minerock LLP
  • Sherlock Industries

 

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“The India Gypsum Board Market in South India is poised to be the dominant force in the industry. South India is witnessing rapid urbanization, driven by factors such as population growth, rural-to-urban migration, and increased economic activities. The demand for residential and commercial spaces is escalating, leading to a surge in construction projects. Gypsum boards, with their versatility and quick installation features, are well-suited for the dynamic construction requirements in rapidly urbanizing areas of South India.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Gypsum Board Market Segmented By Type (Wall Board, Ceiling Board, Pre-decorated Board and Others), By Thickness (1/2 inch, 5/8 inch and Others), By Application (Residential Sector, Commercial Sector, Institutional Sector and Industrial Sector), By Region, and By Competition 2019-2029 has evaluated the future growth potential of India Gypsum Board Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Gypsum Board Market.

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India Gypsum Board Market Segmented By Type (Wall Board, Ceiling Board, Pre-decorated Board and Others), By Thickness (1/2 inch, 5/8 inch and Others), By Application (Residential Sector, Commercial Sector, Institutional Sector and Industrial Sector), By Region, and By Competition 2019-2029

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