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 on the rise, largely due to transformations within the real estate and construction markets. One specific value proposition is the increased use of gypsum plaster versus traditional cement plaster, primarily because gypsum plaster is quicker to apply, it has a better finished quality, and uses less water. Another augmented driver is urbanization, with metropolitan and tier II cities now requiring high-performance construction materials to support infrastructure growth. In addition, newer construction techniques using drywall systems, an increase in pure prefabrication and modular development as well as the adaptation of plaster within these building systems, also uphold the importance of gypsum plaster in the overall market.
There are also incentives provided through programs supported by government sustainable practices that include smart homes and affordable housing initiatives which support and promote less time in construction with an earlier occupancy time using sustainable products. Gypsum plaster provides a sustainable solution. As the demand for green construction continues, architects and real estate developers' desire for low-carbon materials also supports gypsum plaster's value proposition. Manufacturers are developing new gypsum plaster products in ready-mix formulations perhaps with additional durability, fire-resistance, and sound resistance claims with satisfaction from residential construction to meet the industry need of commercial builders, who have a better.
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India Gypsum Plaster Market Scope and Growth Analysis:
According to a detailed report by Mordor Intelligence, the market for gypsum plaster in India is a rapidly changing landscape owing in large part to product formulation advancements, construction activity, and the realization by builders and contractors of the advantages of a drywall system when compared to traditional cohort. The deficiencies in the plaster-based segment are considered to be attributable to an ever-increasing demand to get projects completed in less time and with a better quality of finish in both the residential and commercial segment. Gypsum plaster based products are lightweight and inherently less expensive than conventional materials, which makes them a viable option for use in high-rise construction and renovation work.
Furthermore, the surge in demand for pre-engineered buildings and modular type construction systems have meant even more opportunities to make use of gypsum plaster products. Many of the larger corporations are establishing formal training programs for masons and applicators to help ensure a better understanding of their products and to eat away at conventional methods to foster and promote the overall level of use of gypsum plaster products across the country. In addition, it is important to note that with the recent growth in foreign direct investment in real estate and other infrastructures, in the consumption of building materials, gypsum plaster usage will accelerate further. As standards continue to change in the industry.
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:
Sector Insights:
Regional Insights:
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:
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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