Forecast Period | 2026-2030 |
Market Size (2024) | USD 55.98 Million |
Market Size (2030) | USD 80.71 Million |
CAGR (2025-2030) | 6.13% |
Fastest Growing Segment | Commercials |
Largest Market | South India |
Market Overview
India Gypsum
Plaster Market was valued at USD 55.98 Million in 2024 and is expected to reach USD 80.71 Million by 2030 with a
CAGR of 6.13% during the forecast period.
Gypsum plaster is a building material made from
gypsum, a naturally occurring mineral composed primarily of calcium sulfate
dihydrate (CaSO₄·2H₂O). It is
commonly used in construction for coating walls, ceilings, and other surfaces,
providing a smooth and durable finish. The process of making gypsum plaster
involves heating gypsum to a specific temperature to remove water content, a
process known as calcination. This results in a fine powder, which is then
mixed with water to form a paste that can be applied to surfaces.
Gypsum plaster offers several advantages, including
its fire-resistant properties, sound insulation, and ease of application. It is
non-toxic and does not emit harmful gases, making it an environmentally
friendly choice for interior finishes. Additionally, it can be easily shaped
and molded, allowing for intricate designs and textures.
This material is widely used in residential,
commercial, and industrial construction due to its versatility and ability to
provide a smooth, seamless finish. Gypsum plaster also has the ability to
absorb moisture, helping to regulate indoor humidity levels. As a result, it is
an excellent choice for creating comfortable and aesthetically pleasing
interiors.
Key Market Drivers
Government
Initiatives and Regulatory Support
The Indian government's initiatives aimed at boosting
the construction and real estate sectors have also played a crucial role in
driving the gypsum plaster market. Various policy measures and incentives have
been introduced to encourage both residential and commercial construction,
which directly impacts the demand for materials like gypsum plaster. The
government’s focus on infrastructure development, affordable housing, and
sustainable building practices is creating a favorable environment for gypsum
plaster adoption in India.
One of the most significant initiatives is the
"Housing for All" program, which aims to provide affordable housing
to millions of people by 2022. This has led to a surge in residential
construction, especially in tier 2 and tier 3 cities, where builders are
increasingly using gypsum plaster due to its cost-effectiveness, quick
application, and superior finish. The demand for low-cost yet durable building
materials is driving the adoption of gypsum plaster, as it helps meet the
affordability requirements while offering an excellent finish. In addition, the
government’s push towards the construction of smart cities and modern
infrastructure projects is creating new opportunities for gypsum plaster in
urban centers. Smart city projects focus on modernizing the urban landscape
with advanced technology, sustainability, and high-quality construction
materials. Gypsum plaster, being fire-resistant, durable, and lightweight, fits
well into the government’s vision of building safer, more sustainable cities.
The Indian government has introduced regulations that
promote energy-efficient and environmentally friendly building practices. The
Bureau of Energy Efficiency (BEE) has set energy performance standards for
buildings, and gypsum plaster is recognized as an ideal material for
maintaining thermal insulation, reducing heat gain, and improving energy
efficiency. This regulatory support is driving the growth of the gypsum plaster
market as builders and developers comply with these energy efficiency norms.
With these governmental incentives and regulatory
frameworks, the gypsum plaster market in India is expected to continue its
growth trajectory, supported by the country's ongoing development and
commitment to building better infrastructure.
Growing Preference for Eco-friendly and Sustainable
Construction Materials
As awareness of environmental issues and
sustainability continues to rise, both consumers and builders are increasingly
seeking eco-friendly and sustainable construction materials. Gypsum plaster is
seen as an environmentally friendly alternative to traditional cement-based
plasters due to its low carbon footprint, recyclability, and minimal
environmental impact. The growing demand for green buildings and eco-conscious
construction practices in India is driving the adoption of gypsum plaster in
the market.
Gypsum plaster is made from a natural mineral, gypsum,
which is abundant and relatively low in energy consumption compared to other
building materials. The process of manufacturing gypsum plaster generates fewer
greenhouse gases and consumes less energy than the production of cement or
lime-based plasters. Moreover, gypsum plaster has the added benefit of being
recyclable; it can be reused and repurposed without losing its integrity, thus
minimizing waste and supporting the principles of a circular economy. In
addition to its eco-friendly properties, gypsum plaster also offers benefits
such as better air quality and moisture regulation. The material has the
ability to absorb and release moisture, which helps maintain indoor humidity
levels and improves the overall indoor air quality. This makes it a preferred
choice in sustainable building practices, especially in regions like India,
where extreme weather conditions can affect the comfort and health of
residents. Gypsum plaster also has low VOC (volatile organic compound)
emissions, making it a safer choice for indoor environments compared to other
materials.
As India continues to push for more green buildings
and sustainable infrastructure, gypsum plaster is increasingly recognized as a
material that aligns with these goals. The growing demand for green and
energy-efficient buildings, as well as the rising importance of reducing the
environmental impact of construction activities, will continue to drive the
gypsum plaster market in India. As of 2024, India is the 2nd largest market for green buildings globally, with over 7,000 green buildings covering more than 7.1 billion square feet of space. The use of eco-friendly materials such as recycled steel, bamboo, and fly ash bricks has seen significant growth. Fly ash, in particular, is used in 30% of the total cement production in India.
Technological Advancements and Product Innovations
Technological advancements and innovations in gypsum
plaster formulations have significantly contributed to the growth of the India
Gypsum Plaster market. In recent years, manufacturers have introduced enhanced
gypsum plaster products that offer improved durability, faster application, and
better performance in different weather conditions. These innovations have made
gypsum plaster a more attractive option for builders and developers looking for
high-quality, efficient solutions for modern construction projects.
One of the key innovations in the gypsum plaster
market is the development of ready-mix gypsum plaster. Unlike traditional
plaster that requires a mixing process on-site, ready-mix gypsum plaster comes
pre-mixed and ready for immediate application, reducing the labor and time
required for installation. This convenience is a major advantage, especially
for large-scale projects where time is a critical factor. Ready-mix gypsum
plaster also ensures a consistent quality of finish, reducing the chances of
application errors and improving overall productivity. Furthermore,
advancements in the formulation of gypsum plaster have led to the creation of
products that are resistant to mold, fungi, and moisture. These types of gypsum
plaster are particularly useful in areas with high humidity levels, such as
bathrooms, kitchens, and coastal regions, where traditional plasters may
degrade or deteriorate over time. The development of high-performance,
moisture-resistant plasters has expanded the range of applications for gypsum
plaster, making it suitable for a variety of building types and climates across
India.
To functional innovations, manufacturers have also
focused on improving the aesthetic appeal of gypsum plaster. Decorative gypsum
plaster options, such as textured finishes and customizable designs, are
gaining popularity in the market. These products allow for greater creativity
in interior design, enabling architects and designers to create unique and
visually appealing spaces.
The continuous technological advancements in gypsum
plaster formulations, combined with the growing demand for efficient and
high-quality construction materials, will continue to drive innovation and
expansion in the India Gypsum Plaster market. Builders and developers are
increasingly relying on these advanced products to meet the demands of modern
construction projects.
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Key Market Challenges
Supply Chain and Raw Material Challenges
One of the major challenges
facing the India Gypsum Plaster market is the supply chain and raw material
procurement issues. Gypsum, the primary raw material used to manufacture gypsum
plaster, is naturally abundant in certain regions, but its extraction and
processing come with significant logistical challenges. The availability and
quality of gypsum can vary greatly across different regions in India, which
creates supply chain inconsistencies for plaster manufacturers.
India’s gypsum reserves are
concentrated mainly in a few states such as Rajasthan, Gujarat, and Jammu &
Kashmir. However, the transportation and distribution of gypsum to
manufacturing plants, especially those located in regions far from these major reserves,
can be costly and time-consuming. Additionally, fluctuations in the
availability of high-quality gypsum due to mining restrictions, environmental
concerns, or regulatory policies can disrupt the production process. As gypsum
is a bulky material, transportation costs also add to the overall expense,
which can impact the cost-effectiveness of the final product. These challenges
become particularly pronounced when there is a high demand for gypsum plaster
due to the boom in construction and infrastructure development projects.
Another complication is the
price volatility of gypsum. While gypsum is a relatively low-cost raw material,
its price can fluctuate depending on global demand, mining regulations, and
environmental factors. This can create uncertainty for manufacturers, forcing
them to adjust prices for gypsum plaster frequently. Such price adjustments can
lead to instability in the market, affecting not only manufacturers but also
distributors and end-users, as it becomes difficult to predict material costs
over time. Moreover, the supply chain
for other essential materials used in gypsum plaster production, such as
additives, binders, and chemicals, also faces similar issues. The import of
these materials from international markets adds to the overall costs, and any
disruptions in global trade can create further delays in production. The
ongoing global supply chain disruptions, exacerbated by factors like the
COVID-19 pandemic, have made it even more difficult for manufacturers in India
to maintain smooth operations.
To mitigate these
challenges, manufacturers are looking into alternative sources of gypsum,
including importing from other countries and exploring synthetic gypsum
options. However, these solutions come with their own set of logistical,
environmental, and cost-related challenges. As the demand for gypsum plaster
grows, addressing these supply chain issues will be crucial for the long-term
sustainability and profitability of the India Gypsum Plaster market.
Skilled Labor Shortage and Application Challenges
Another significant
challenge facing the India Gypsum Plaster market is the shortage of skilled
labor and the complexities involved in the proper application of gypsum
plaster. While gypsum plaster is known for its ease of application, it requires
specialized knowledge and skills to apply it correctly. Unlike traditional
cement-based plaster, gypsum plaster has unique characteristics that demand
precision in both mixing and application. Improper application can result in a
subpar finish, cracking, or even structural damage to the surface, which leads
to higher maintenance costs and dissatisfaction among customers.
In India, there is a notable
shortage of trained professionals who specialize in the application of gypsum
plaster. The construction industry in India largely relies on unskilled or
semi-skilled laborers who may not be familiar with the intricacies of gypsum
plaster installation. This lack of skilled labor has resulted in inconsistent
quality in finished projects, leading to complaints about the appearance and
durability of gypsum plaster. For builders and developers, this inconsistency
poses a significant challenge in maintaining high standards of construction. Furthermore,
the use of gypsum plaster requires a different approach than that of
traditional plastering materials. It involves mixing the powder with water in
specific proportions and applying it to walls and ceilings with the right tools
and techniques. If the application is rushed or not done properly, the plaster
may fail to adhere correctly, leading to issues like cracking or peeling.
Gypsum plaster is also more sensitive to environmental factors such as
temperature and humidity. Applying the material under unfavorable weather
conditions can impact its final finish and performance.
To overcome this challenge,
it is crucial to invest in training and skill development for laborers. Several
manufacturers and contractors have started offering training programs to
educate workers on the proper techniques for gypsum plaster application. However,
despite these efforts, the overall scale of skilled labor required still lags
behind demand, particularly in remote areas where construction projects are
booming. Moreover, the growing adoption of ready-mix gypsum plaster products,
while improving ease of use, still requires some level of expertise to ensure
the plaster is applied effectively. Builders may be hesitant to adopt these
products without a clear understanding of their application process, which
further slows the market’s growth.
Key Market Trends
Increasing Adoption of Ready-Mix Gypsum Plaster
One of the prominent trends in the India Gypsum
Plaster market is the growing adoption of ready-mix gypsum plaster. Ready-mix
products are pre-mixed, making them extremely convenient for builders and
contractors as they eliminate the need for on-site mixing, reducing the time
and labor involved in application. This trend has gained significant traction
due to the growing demand for quick and efficient construction processes,
especially in urban areas where time is of the essence.
Ready-mix gypsum plaster offers several advantages
over traditional plaster. Firstly, it ensures a consistent quality of finish,
as the plaster is mixed in controlled environments with precise ratios of
gypsum, additives, and other materials. This consistency minimizes application
errors, resulting in a smoother and more professional-looking finish.
Furthermore, the reduced need for on-site mixing eliminates the possibility of
errors due to incorrect proportions or substandard mixing practices, which can
often occur with traditional plastering methods.
The convenience factor is another driving force behind
the trend. In traditional plastering, workers often spend significant time
mixing the plaster and preparing it for application. Ready-mix gypsum plaster
is packaged and ready to be used directly, leading to faster construction
timelines and greater overall productivity. Additionally, it is easier to
store, and its shelf life is longer, making it an attractive option for
construction sites that are not yet ready for plaster application but want to
keep materials on hand.
As urbanization and construction projects continue to
grow in India, the demand for efficient and high-quality construction materials
is expected to rise. Ready-mix gypsum plaster, with its time-saving and
cost-effective benefits, is becoming increasingly popular, particularly in
large-scale residential, commercial, and infrastructure projects. Its easy
application and consistent results make it an essential choice for contractors
seeking to meet tight deadlines and deliver high-quality finishes. Ready-mix gypsum plaster holds a significant share of the overall gypsum plaster market in India, with estimates suggesting that it accounts for 35-40% of the total gypsum plaster consumption in the country.
Shift Toward Eco-friendly and Sustainable Building
Practices
Another key trend in the India Gypsum Plaster market
is the growing shift toward eco-friendly and sustainable building practices. As
global awareness of environmental issues increases, there is a growing emphasis
on reducing the carbon footprint of construction materials and promoting
greener alternatives. Gypsum plaster, with its eco-friendly properties, has
gained popularity as a sustainable building material in India, aligning well
with the country's increasing focus on environmental sustainability in the
construction sector.
Gypsum plaster is considered more environmentally
friendly compared to traditional cement-based plasters. The production process
of gypsum plaster generates fewer greenhouse gases, and gypsum itself is a
naturally occurring mineral that is abundant in nature. Additionally, gypsum is
often sourced from by-products of other industrial processes, such as the
desulfurization of flue gases in power plants, making it a material that
promotes recycling and resource efficiency.
In terms of performance, gypsum plaster also
contributes to energy-efficient buildings. It has natural thermal insulation
properties, which can help in reducing the need for excessive heating and
cooling. This ability to regulate temperature and moisture levels within
buildings aligns with the growing demand for energy-efficient and
"green" buildings in India. Various certification systems like LEED
(Leadership in Energy and Environmental Design) are increasingly encouraging
the use of sustainable materials like gypsum plaster to meet energy-saving
requirements. Furthermore, gypsum plaster does not release harmful toxins or
volatile organic compounds (VOCs), making it a safer choice for indoor
environments. As India’s construction industry embraces greener building
practices, the demand for eco-friendly materials like gypsum plaster is
expected to rise. Builders are looking for materials that not only reduce the
environmental impact of their construction projects but also offer healthier
living spaces for the occupants.
This trend is also supported by the Indian
government’s policies that promote sustainable construction practices, such as
the implementation of energy efficiency codes and building regulations. As
India moves toward more sustainable urbanization, the use of gypsum plaster is
expected to increase, helping builders and developers meet the demand for
eco-friendly and energy-efficient buildings.
Segmental Insights
Application Insights
The RCC Surface held the largest market
share in 2024. RCC (Reinforced
Cement Concrete) surfaces dominate the India Gypsum Plaster market due to
several key factors related to construction practices, material properties, and
aesthetic preferences. RCC is a primary construction material used in both
residential and commercial projects, making up a significant portion of modern
buildings in India. As urbanization and infrastructure development continue to
grow, RCC structures are being increasingly favored for their strength,
durability, and ability to withstand heavy loads and environmental stress.
Gypsum plaster is particularly well-suited for RCC
surfaces because of its ability to provide a smooth and high-quality finish.
RCC surfaces typically have a rough texture, which can be difficult to plaster
using traditional materials like cement-based plasters. Gypsum plaster,
however, adheres well to concrete and cement surfaces, allowing for a smoother
and more uniform finish. This makes it an ideal choice for creating flawless
wall and ceiling surfaces, particularly in projects where aesthetic quality is
a priority.
Another reason for the dominance of RCC surfaces in
the gypsum plaster market is the growing preference for modern construction
methods that prioritize speed, efficiency, and cost-effectiveness. Gypsum
plaster is faster to apply compared to traditional cement-based plaster,
reducing labor costs and overall construction time. As India experiences an
increase in large-scale projects, including residential complexes, office
buildings, and infrastructure developments, the need for faster and more
efficient finishing materials like gypsum plaster is growing. Additionally, RCC
structures benefit from the thermal and moisture-regulating properties of
gypsum plaster. Gypsum helps to maintain indoor humidity levels and offers some
level of insulation, contributing to energy-efficient buildings. This added
advantage aligns with the growing trend of constructing environmentally
sustainable and energy-efficient buildings, further driving the use of gypsum
plaster on RCC surfaces.
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Regional Insights
South India held the largest market
share in 2024. South India holds a dominant position in the India Gypsum Plaster market
due to several key factors, including rapid urbanization, a thriving
construction industry, and the increasing adoption of modern building
materials. The region, particularly states like Tamil Nadu, Karnataka, Andhra
Pradesh, and Kerala, has witnessed significant infrastructural development in
recent years, contributing to the growing demand for high-quality finishing
materials like gypsum plaster.
One of the primary reasons for South India's dominance
is the robust real estate and construction boom in cities such as Bengaluru,
Chennai, Hyderabad, and Kochi. These cities have become hubs for residential,
commercial, and industrial construction, driven by factors such as a growing
middle class, increasing urban population, and favorable government policies
promoting infrastructure development. As these urban centers continue to
expand, the demand for efficient, cost-effective, and aesthetically pleasing
materials like gypsum plaster increases.
Another significant factor contributing to South
India's leadership in the gypsum plaster market is the region’s favorable
climatic conditions. The warm and humid climate in South India creates a demand
for moisture-resistant building materials, and gypsum plaster's ability to
regulate humidity and offer superior finishes makes it an ideal choice.
Additionally, the region has seen a shift toward more modern construction
techniques, such as modular and pre-fabricated buildings, where gypsum plaster
is increasingly preferred due to its ease of application, faster curing time,
and high-quality results.
South India has a well-established manufacturing base
for gypsum products. The presence of several gypsum mines and the availability
of raw materials in states like Tamil Nadu and Andhra Pradesh has made the
region a key supplier of gypsum plaster products. Local manufacturers benefit
from easier access to raw materials, reducing transportation costs and
increasing their competitive edge in the market.
Recent Developments
- FDI in construction development
(townships, housing, built-up infrastructure and construction development
projects) and construction (infrastructure) activity sectors stood at USD 26.54
billion and USD 33.52 billion, respectively, between April 2000-December 2023.
- On 18th Feb 2025, India’s first
offshore airport, set to be constructed near Mumbai, has received environmental
clearance for its development on an artificial island. This ambitious project
aims to create a state-of-the-art airport facility that will serve as a major
hub for international and domestic air travel. The approval marks a significant
step forward in the country's aviation infrastructure, with the construction of
the artificial island expected to enhance connectivity and support economic
growth in the region. The project is set to revolutionize air travel in India
and is expected to be a major technological and infrastructural milestone.
Key Market Players
- 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
- USG Boral
By Application
|
By Packaging Size
|
By End User
|
By Region
|
- Red Bricks
- Concrete Blocks
- RCC Surface
- Sand Cement
|
- Less than 10 Kg
- 10-20 Kg
- 20-25 Kg
- Above 25 Kg
|
- Residential
- Commercials
- Infrastructure
|
- South India
- North India
- West India
- East India
|
Report Scope:
In this report, the India Gypsum
Plaster Market has been
segmented into the following categories, in addition to the industry trends
which have also been detailed below:
- India
Gypsum
Plaster Market, By Application:
o Red Bricks
o Concrete Blocks
o RCC Surface
o Sand Cement
- India
Gypsum
Plaster Market, By Packaging Size:
o Less than 10 Kg
o 10-20 Kg
o 20-25 Kg
o Above 25 Kg
- India
Gypsum Plaster Market, By End User:
o Residential
o Commercials
o Infrastructure
- India
Gypsum Plaster 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 Plaster Market.
Available Customizations:
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given market data, TechSci Research offers customizations according to a
company's specific needs. The following customization options are available for
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Company Information
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profiling of additional market players (up to five).
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