Forecast Period
|
2026-2030
|
Market Size (2024)
|
USD 3.87 Billion
|
Market Size (2030)
|
USD 6.09 Billion
|
CAGR (2025-2030)
|
7.70%
|
Fastest Growing Segment
|
Pre-decorated Board
|
Largest Market
|
South India
|
Market Overview
India Gypsum Board Market was
valued at USD 3.87 Billion in 2024 and is expected to reach USD 6.09 Billion by 2030 with a
CAGR of 7.70% during the forecast period.
Gypsum board, also known as drywall, plasterboard, or
wallboard, is a construction material widely used for interior walls and
ceilings. It is made from a core of gypsum, a naturally occurring mineral
composed of calcium sulfate dihydrate, which is pressed between layers of
durable paper. This composition makes gypsum board lightweight, easy to
install, and fire-resistant, making it a preferred choice in residential,
commercial, and industrial buildings.
Gypsum board is available in various types, including
standard, moisture-resistant, fire-resistant, and soundproof varieties, each
designed for specific applications. Its smooth surface allows for easy painting
or wallpapering, and it can be cut to fit different spaces, making it highly
versatile. Additionally, it offers thermal insulation and contributes to energy
efficiency.
One of the key advantages of gypsum board is its ease
of installation and repair compared to traditional plaster walls. It also
provides better indoor air quality by regulating humidity levels. However, it
is susceptible to water damage and requires proper sealing in high-moisture
areas.
Key Market Drivers
Growth in the
Real Estate and Construction Industry
India’s real estate and construction sector is
experiencing steady growth due to increasing investments from both domestic and
foreign players. The demand for sustainable, cost-effective, and time-efficient
building solutions has led to a surge in the use of gypsum boards.
Residential projects, particularly high-rise
apartments and affordable housing schemes, are major contributors to the rising
demand. Gypsum boards are used for false ceilings, partitions, and wall
linings, offering fire resistance and thermal insulation—key considerations for
modern construction.
Commercial spaces, including shopping malls, corporate
offices, and educational institutions, also require high-quality interiors.
Gypsum board applications in these structures help improve acoustics and
provide a polished finish. Additionally, the adoption of modular construction
techniques, which focus on prefabricated elements, is pushing the gypsum board
market forward.
The government’s push for infrastructure development
through increased budget allocations, foreign direct investments (FDI), and
public-private partnerships (PPP) further strengthens the gypsum board
industry’s growth trajectory. The demand for housing in India continues to rise, with an estimated 12 million homes required in urban areas by 2030 to accommodate the growing population. The real estate and construction sectors are significant job creators in India, employing more than 50 million people. This includes jobs in construction, real estate services, and infrastructure.
Rising Awareness of Sustainable and Green Building
Materials
The demand for sustainable construction materials is
growing in India, with increasing awareness of environmental concerns and
energy efficiency. Gypsum board, being recyclable and energy-efficient, is
gaining popularity as a green building material.
As India progresses toward sustainable development
goals, regulatory bodies and construction companies are prioritizing
eco-friendly alternatives over traditional building materials. Gypsum board
contributes to reduced carbon footprints since it requires less water,
generates minimal waste, and can be recycled into new boards.
Organizations like the Indian Green Building Council
(IGBC) and Leadership in Energy and Environmental Design (LEED) certification
programs promote the use of sustainable materials in buildings. Many builders
are now adopting gypsum boards to meet these environmental standards.
Additionally, gypsum’s natural fire-resistant and moisture-regulating
properties contribute to indoor air quality, making it a preferred choice for
environmentally conscious projects.
With increased adoption of green buildings in
commercial and residential sectors, the gypsum board market is expected to
expand as builders and consumers seek energy-efficient and environmentally
friendly solutions. India ranks as the third-largest country globally in terms of the number of LEED-certified (Leadership in Energy and Environmental Design) green building projects, after the United States and China. The country has over 1,800 LEED-certified buildings, contributing to the global effort to reduce energy consumption and carbon emissions.
Technological Advancements and Innovation in
Manufacturing
The gypsum board industry in India is benefiting from
continuous advancements in manufacturing technology. Improved production
processes, automation, and innovation in product development have made gypsum
boards more efficient and affordable.
Manufacturers are introducing specialized gypsum
boards, such as fire-resistant, moisture-resistant, and soundproof variants,
catering to specific market needs. These innovations enhance safety,
durability, and versatility, making gypsum boards an attractive option for
modern construction. Additionally, advancements in lightweight materials and
prefabricated structures have led to greater adoption of gypsum boards in
modular construction. Smart manufacturing techniques, such as digital
monitoring and AI-driven quality control, ensure consistent product quality and
reduce waste, making gypsum boards more cost-effective.
As technology continues to evolve, the Indian gypsum
board market is expected to grow with new product developments, improved
efficiency, and higher consumer demand for quality building materials.
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Key Market Challenges
Raw Material Supply Constraints and Price Volatility
One of the major challenges
facing the Indian gypsum board market is the limited availability of raw
materials and the volatility in their prices. The primary ingredient in gypsum
board production is gypsum, a mineral that is either naturally mined or obtained
as a byproduct from industrial processes such as flue gas desulfurization (FGD)
in power plants.
India has limited natural
gypsum reserves, and a significant portion of the raw material is imported from
countries such as Iran, Oman, and Thailand. This dependence on imports exposes
the industry to supply chain disruptions, fluctuations in global prices, and
geopolitical tensions, all of which impact production costs. Additionally, high
import duties and logistical challenges add to the financial burden on
manufacturers.
The availability of
synthetic gypsum, which is generated from industrial processes, is also
inconsistent. While FGD gypsum is an environmentally friendly alternative, its
supply is affected by the operational status of thermal power plants and
industrial regulations related to pollution control. If power plants reduce
operations or shut down certain units, the supply of synthetic gypsum declines,
impacting gypsum board production. Furthermore, price volatility in
transportation and energy costs affects the overall pricing of gypsum boards.
Rising fuel prices and supply chain disruptions, especially during global
crises like the COVID-19 pandemic, have resulted in increased costs for
manufacturers and end-users. As a result, gypsum board prices fluctuate, making
it difficult for builders and developers to plan their budgets effectively.
To address these challenges,
industry players need to invest in alternative sources of gypsum, such as
exploring untapped natural reserves, increasing domestic FGD gypsum production,
and developing recycling technologies. Policy interventions, such as reducing
import duties or providing incentives for local gypsum production, could also
help stabilize the market.
Competition from Alternative Construction Materials
Another significant
challenge in the Indian gypsum board market is the competition from alternative
building materials, such as traditional brick-and-mortar construction, fiber
cement boards, and wood-based panels. Many builders, especially in rural and semi-urban
areas, still prefer conventional construction methods due to familiarity,
perceived durability, and easy availability of raw materials like bricks and
cement.
Gypsum boards, despite their
advantages, face resistance due to a lack of awareness among consumers and
contractors. Many small-scale builders and contractors are hesitant to adopt
gypsum boards due to misconceptions about their durability and strength compared
to traditional walls. Additionally, training and skilled labor for proper
gypsum board installation are limited, making it difficult to ensure quality
construction in certain regions.
Fiber cement boards, which
offer similar advantages to gypsum boards, including fire resistance and
moisture protection, are also gaining popularity. These boards are often
preferred in high-moisture areas such as bathrooms and exteriors due to their
superior water resistance. Similarly, plywood and medium-density fiberboard
(MDF) remain strong competitors in interior applications, especially in
furniture and partitions.
The cost factor also plays a
role in the competition. While gypsum boards offer quick installation and
long-term benefits, the initial cost can be higher than traditional brick walls
in some cases. Many developers in budget-sensitive projects opt for cheaper
alternatives, limiting the market penetration of gypsum boards.
To overcome these
challenges, gypsum board manufacturers must focus on awareness campaigns,
training programs for construction workers, and partnerships with developers to
promote the benefits of gypsum boards. Offering competitive pricing and
expanding the range of moisture-resistant and high-durability products can also
help counter competition from alternative materials.
By addressing these challenges,
the Indian gypsum board market can strengthen its position and expand further
in both urban and rural construction segments.
Key Market Trends
Increasing Adoption of Prefabricated and Drywall
Construction
One of the most significant trends in the Indian
gypsum board market is the rising adoption of prefabricated and drywall
construction methods. Traditional brick-and-mortar construction is
time-consuming, labor-intensive, and generates a considerable amount of waste.
In contrast, drywall construction using gypsum boards is faster,
cost-effective, and more sustainable.
With the growing need for quick infrastructure
development, particularly in urban areas, developers are shifting towards
prefabricated construction techniques. Gypsum boards, used for partitions,
false ceilings, and wall linings, allow for rapid installation and minimal
disruption to construction sites. This trend is especially evident in
commercial projects such as office spaces, hotels, and educational
institutions, where fast completion is a priority.
The increasing popularity of modular construction,
where building components are pre-made and assembled on-site, further boosts
the demand for gypsum boards. Additionally, government initiatives promoting
affordable housing and smart city projects encourage the adoption of drywall
solutions, driving market growth. As more developers recognize the benefits of
speed, efficiency, and sustainability, the shift towards prefabricated
construction is expected to continue shaping the gypsum board market in India.
Growing Demand for Fire-Resistant and
Moisture-Resistant Gypsum Boards
Safety and durability are key concerns in modern
construction, leading to increased demand for specialized gypsum boards with
fire-resistant and moisture-resistant properties. Fire safety regulations in
commercial and residential buildings are becoming stricter, encouraging
builders to use materials that enhance safety. Fire-resistant gypsum boards,
which contain additives to slow down flame spread, are now commonly used in
high-rise buildings, hospitals, and hotels. Similarly, the demand for
moisture-resistant gypsum boards is rising, especially in regions with high
humidity and areas such as kitchens, bathrooms, and basements. These boards
have water-repellent properties that prevent damage due to prolonged exposure
to moisture, making them a preferred choice over conventional drywall.
Manufacturers are investing in R&D to develop
advanced gypsum boards that offer multiple protective features, such as boards
that combine fire resistance, moisture resistance, and sound insulation. The
growing awareness of these specialized products is driving their adoption
across residential and commercial construction projects. As safety and
durability concerns continue to influence construction decisions, the demand
for high-performance gypsum boards will grow significantly.
Segmental Insights
Type Insights
The Wall Board held the largest market
share in 2024. Wall board holds the largest share in the Indian gypsum board market
due to its widespread application in residential, commercial, and institutional
construction. Its dominance can be attributed to several key factors, including
cost-effectiveness, ease of installation, and growing demand for modern
construction techniques.
Wall boards are extensively used in
interior partitions, wall linings, and cladding, making them a preferred
alternative to traditional brick-and-mortar construction. With rapid
urbanization and government initiatives like "Housing for All" and
"Smart Cities Mission," the demand for efficient, lightweight, and
durable construction materials has surged, further boosting wall board usage.
Compared to traditional plaster and
lath, wall boards are more affordable and significantly reduce construction
time. Their prefabricated nature allows for quick installation, reducing labor
costs and project timelines. This makes them particularly attractive for
large-scale commercial projects such as office spaces, malls, and hotels.
Wall boards provide a smooth, uniform
surface, making them ideal for painting, wallpapering, and other finishing
applications. They are available in various types, including fire-resistant,
moisture-resistant, and soundproof variants, catering to diverse construction
needs.
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Regional Insights
South India held the largest market
share in 2024. South India holds a dominant position in the Indian gypsum board market
due to a combination of economic growth, infrastructure development, and
increased awareness of modern construction techniques. Several factors
contribute to this regional dominance:
Cities like Bangalore, Chennai, Hyderabad, and Kochi
are experiencing rapid urbanization, fueled by IT hubs, industrial expansion,
and large-scale real estate developments. The demand for high-quality,
sustainable, and efficient construction materials like gypsum boards is
increasing, particularly in commercial and residential projects.
Compared to other regions, South India has seen a
faster transition to drywall construction methods, driven by the growing need
for faster project completion. Builders and contractors in this region prefer
gypsum boards over traditional brick-and-mortar structures due to their
lightweight, cost-effectiveness, and ease of installation.
South India benefits from proximity to key ports such
as Chennai, Visakhapatnam, and Kochi, facilitating easier gypsum imports from
countries like Oman and Thailand. Additionally, several gypsum board
manufacturing plants are located in this region, ensuring steady supply and
reducing transportation costs.
Recent Developments
- In October 2024, Saint-Gobain
announced fresh investments of USD 390 million in Tamil Nadu, reaffirming its
commitment to the state’s industrial and economic growth. The investment
focused on expanding manufacturing capabilities, enhancing sustainability
initiatives, and supporting innovation in construction materials. This move aligned
with the company’s long-term vision for India, generating job opportunities and
strengthening the supply chain. Through this expansion, Saint-Gobain played a
significant role in advancing Tamil Nadu’s infrastructure and industrial
development.
- In December 2023, Saint-Gobain Gyproc, a division of
Saint-Gobain India Pvt Ltd., announced the launch of an innovative range of
products aimed at redefining architectural aesthetics and functionality. The
product line included 'Habito Standard,' a high-quality gypsum board designed
for heavy unplanned and planned loading applications; 'Rigiroc,' a
multi-purpose moisture-resistant board offering benefits such as unplanned
loading, fire resistance, acoustics, and impact protection; 'Glasroc X,' a
next-generation board for exterior applications with superior performance and
aesthetic appeal; and 'Metlance,' an architectural metal ceiling tile. These
innovations provided solutions for both interior walls and ceilings, as well as
exterior applications.
In April 2024, Walplast Products Pvt. Ltd, a leading name in building materials and the third-largest manufacturer of Wall Putty in India, proudly announces a major step in its expansion strategy. The company has recently launched two new plants in Tamil Nadu—located in Chennai and Perundurai—both specializing in White Products. These plants have impressive production capacities of 150,000 metric tonnes per annum and 180,000 metric tonnes per annum, respectively.
Key Market Players
- Knauf
Digital GmbH
- Compagnie
de Saint-Gobain S.A.
- USG
Corporation
- Koch,
Inc.
- Etex
NV
- Yoshino
Gypsum Co., Ltd.
- American
Gypsum Company LLC
- Holcim
Ltd
By Type
|
By Thickness
|
By Application
|
By Region
|
- Wall Board
- Ceiling Board
- Pre-decorated Board
- Others
|
|
- Residential Sector
- Commercial Sector
- Institutional Sector
- Industrial Sector
|
- South India
- North India
- West India
- East India
|
Report Scope:
In this report, the India Gypsum
Board Market has been
segmented into the following categories, in addition to the industry trends
which have also been detailed below:
- India
Gypsum
Board Market, By Type:
o Wall Board
o Ceiling Board
o Pre-decorated Board
o Others
- India
Gypsum
Board Market, By Thickness:
o 1/2 inch
o 5/8 inch
o Others
- India
Gypsum Board Market, By Application:
o Residential Sector
o Commercial Sector
o Institutional Sector
o Industrial Sector
- India
Gypsum Board Market, By Region:
o South India
o North India
o West India
o East India
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the India Gypsum Board Market.
Available Customizations:
India Gypsum Board Market report with the
given market data, TechSci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
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