India Gypsum Plaster Market Analysis, Size, Share, Growth and Outlook 2025-2033
India Gypsum Plaster Market 2025-2033
According to IMARC Group's report titled "India Gypsum Plaster Market Size, Share, Trends and Forecast by Type, Content, and Region, 2025-2033", the report presents a thorough review featuring the market share, growth, share, trends, and research of the industry.
How Big is the India Gypsum Plaster Industry?
The India gypsum plaster market size reached USD 153.45 Million in 2024 and is expected to reach USD 300.28 Million by 2033, exhibiting a growth rate (CAGR) of 7.13% during 2025-2033.
India Gypsum Plaster Market Trends:
The Indian gypsum plaster market is witnessing considerable growth due to the shifting paradigm within the real estate and construction sectors. A particular driving force behind the growth in the market is the increasing popularity of gypsum plaster over traditional cement plaster, which can largely be attributed to the speed of application, quality of finish, and reduced water consumption associated with gypsum plaster. Furthermore, urbanization and infrastructure across metropolitan and tier-II cities are increasing demand for high-performance construction materials. Moreover, new construction methods employing drywall construction, as well as more prefabrication and modular accommodation, are reinforcing the stance of gypsum plaster in the market. While the incentives and government push for smart homes and affordable housing programs are promoting lesser construction times with earlier completion times while using sustainable products, gypsum plaster obviously fits the bill.
Similarly, the increase in green construction, combined with the emphasis on low-carbon materials by architects and real estate developers, warrants the continued relevance of gypsum plaster. In fact, manufacturers are creating new products in ready-mix formulations with more durability, fire-resistance, and sound resistance claims to meet the needs of residential construction as well as commercial builders, who are better able to prioritize economically faster building solutions and build higher quality. Speed and quality are also a trend for the India gypsum plaster market, thus creating demand.
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India Gypsum Plaster Market Scope and Growth Analysis:
The India gypsum plaster market is rapidly evolving, largely due to product formulation improvements, construction activity, and awareness by builders and contractors of the advantages of drywall system over conventional system. The growth of the market is largely due to the ever-increasing demand for completing projects in less time and with a superior quality of finish in both the residential and commercial segment of the market. Gypsum plaster based products are lightweight and less expensive, making them a viable alternative for high-rise buildings and renovation work. The increase in demand for pre-engineered buildings and modular type construction methods have also provided additional opportunities for gypsum plaster usage. Furthermore, many large companies are instituting training programs for masons and applicators, helping to build knowledge of their products and eating away at traditional methods to help proliferate and raise the overall level of usage of gypsum plaster products throughout the country.
Also, with the increase in foreign direct investment in real estate and other forms of infrastructure building material consumption is also increasing, which will help contribute to the growth of the gypsum plaster market. And, as the standards in the construction industry change, there seems to be a growing priority on quality control, which has prompted regulatory bodies to encourage the use of certified and high-performance building materials. The expansion of distribution networks and emergence of organized retail distribution channels are also contributing to making products more accessible in semi-urban and rural areas. Overall the India gypsum plaster market has strong potential for growth.
IMARCs report provides a deep dive into the India gypsum plaster market analysis, outlining the current trends, underlying market demand, and growth trajectories.
India Gypsum Plaster Market Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest India gypsum plaster market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Type Insights:
Regular Gypsum Plaster
Moisture Resistant Gypsum Plaster
Sector Insights:
Residential
Commercial
Industrial
Regional Insights:
North India
South India
East India
West India
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Other key areas covered in the report:
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Market Dynamics
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Top Winning Strategies
Recent Industry News
Key Technological Trends & Development
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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