Press Release

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.


Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "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.


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Relevant Reports

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-Use Industry (Residential, Offices, Retail, Industrial, Schools, Infrastructure, Hospitality, Hospitals), By Region, Competition Forecast & Opportunities, 2029

Infrastructure | Jun, 2023

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.

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