India Gypsum Plaster Market to be Led by South Region Through 2029
The increasing focus of
the government on infrastructure and affordable housing, coupled with the
rising uptake of new technologies, is likely
to propel the India gypsum plaster market during the forecast period.
According to TechSci Research
report, “India Gypsum Plaster Market – By Region, Competition Forecast &
Opportunities, 2029, the
India gypsum plaster market is expected to see a considerable rise during the
forecast period due to the surge in the demand for
organic gypsum in the building industry. Currently, the building industry is
flourishing, due to which, a wide range of opportunities has been created for
India gypsum plaster market.
Another key factor that is
expected to play an influential role in driving the uptake of gypsum plaster is
the environment-friendliness of the product. Gypsum plaster has emerged as a
popular plastering choice among construction companies and is increasingly
being used to plaster internal surfaces. In addition, gypsum plaster offers
exceptional acoustic and thermal properties, due to which, the demand is
expected to witness steady growth during the forecast period.
On the other hand, the India
construction sector had been adversely impacted by COVID-19. A huge number of
industrial projects witnessed a halt or slowdown in their activities and
various sectors, such as manufacturing and production, came to a standstill,
which affected the India gypsum plaster market significantly. Additionally, the
COVID-19 outbreak had significantly impacted the construction of new facilities
and infrastructure in India, which in turn, reduced the usage of gypsum plaster
in the country.
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"India Gypsum Plaster Market.”
The India gypsum plaster market is analyzed on the basis of application, packaging size, end-use industry, and region. Based on
application, the market is segmented into red bricks, concrete blocks, RCC
surface, sand cement. Based on packaging size, the market is segmented into less
than 10 Kg, 10-20 Kg, 20-25 Kg, and above 25 Kg. Based on end user industry,
the market is segmented into residential, offices, retail, industrial, schools,
infrastructure, hospitality, hospitals. Based on region, the market is
segmented into north, west, south and east.
Based on end-use industry, the residential segment is
expected to be dominant in the India gypsum plaster market. Several favourable
government policies and initiatives, such as “Housing for All,” Smart Cities
Mission, green field, and brown field projects for developing new airports, expansions
of existing airports, and enforcement of Real Estate Regulation and Development
Act, 2016, are the major factors behind the growth of the gypsum plaster market
in India. Moreover, the rural and urban residential sectors in the country are
anticipated to boost the construction industry, which is expected to fuel the demand
for gypsum plaster during the forecast period.
Based on packaging size, the above 25 Kg segment is
expected to dominate the India gypsum plaster market over the forecast period.
The use of gypsum plaster in the residential and commercial sectors are rising,
thanks to the increase in construction activities, with major focus on stylish a
crack-free stylish walls and ceilings. This has increased the demand for gypsum
plaster available in above 25 kg packaging size. Moreover, various properties,
such as high strength, durability, easy availability, and no surface cracks,
are also fuelling the demand for gypsum plaster in the residential and
commercial sectors. Major players produce it to meet the growing need for
erection of modern design structures.
Based on region, the South is expected to be dominant
in India gypsum plaster market because the South India has continued to
maintain its momentum in real estate, strengthening and building itself as one
of the most sought-after destinations in the country for homebuyers and NRIs.
Additionally, cities, various such as Bengaluru, Chennai, and Hyderabad, are
now part of the global real estate map. Due to which there has been an increase
in residential projects in South, which is reflected on the demand for gypsum
plaster.
Major
market players operating in the India Gypsum Plaster Market are:
- Sakarni
Plaster (India) Private Limited
- Saint-Gobain
Gyproc India Ltd.
- J.K.
Lakshmi Cement Ltd
- Walplast
Products Pvt. Ltd.
- DCM
Shriram Ltd. (Shriram Cement Works)
- Kaya
Maya Industries (Trimurti Wall Care Products Pvt Ltd.)
- TMC
Gypsum India Ltd
- Birla
White
- USG
Boral
- VV
Paiint
- VANS
Gypsum Pvt. Ltd.
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“The rise in the construction
sector in India is largely attributed to economic growth, increasing government
support, and a strong focus on modernization and infrastructure development.
The growth of the construction sector is expected to have a direct impact on
the overall growth of the India gypsum plaster market in the upcoming decade. One
of the primary factors anticipated to propel the market during the projected
period is the advantages offered by gypsum plaster over traditional water
curing procedures.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“India
Gypsum Plaster Market By Application (Red Bricks,
Concrete Blocks, RCC Surface, Sand Cement), By Packaging Size (Less than 10 Kg, 10-20 Kg, 20-25
Kg, Above 25 Kg), By End User Industry
(Residential, Offices, Retail, Industrial, Schools, Infrastructure,
Hospitality, Hospitals), By Region, Competition
Forecast & Opportunities, 2029”
has evaluated the future growth potential of India
Gypsum Plaster 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 the India Gypsum Plaster
Market.
Contact
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