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, Compet

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

Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Infrastructure | Format: Report available in PDF / Excel Format

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India Gypsum Plaster Market stood at INR 462.86 crore (USD 55.98 million) in 2022. It is projected to grow at a CAGR of 6.13% by 2029.

Of late, the Indian government has been taking a number of initiatives to renovate tourist destinations and administrative buildings with gypsum plaster, one of the preferred solutions for textured designs. Moreover, it provides outstanding wall coverage and strong strength. Additionally, due to rising urbanization, metropolises, such as Bangalore and Delhi, and Mumbai have displaced rural cities. This has resulted in a growing demand for gypsum plaster in household sectors.

Gypsum plaster, a type of white cementing material, is created by partially or completely dehydrating the gypsum mineral, usually with the addition of specialized retarders or hardeners. It is applied to the surface while still in a plastic condition (with water), where it sets and hardens as a result of the chemical reaction between the water and gypsum. To create a smooth surface, it can be applied over a brick, block, or concrete surface. Gypsum plaster also offers a smooth interior surface and works well as a foundation for high-quality paint and a wallpaper finish. In contrast to conventional cement mortar, gypsum plaster is easy to apply and requires less specialized labour.

India Gypsum Plaster Market - Drivers

Increasing Focus on Infrastructural Development and Providing Affordable Housing

Rising Uptake of Gypsum Boards as Building Materials

Moreover, in addition to providing high-quality wall finishing, gypsum plaster is cost-effective and contributes effectively toward the construction of high-performance green buildings.

Adoption of New Technologies and Construction Techniques

Growing Usage in Textured Designs on Walls

Increasing Application in Construction

Development of Manufacturing Facilities for Business Expansion

In addition, USG Boral, a building material supplier in India, has launched its plasterboard manufacturing facility in Sri City, Andhra Pradesh, with a total investment of approximately INR 290 crore (USD 35.07 million).

Increasing Commercial Development

  • Post the COVID-19 pandemic in India, therehas been a rapid surge in the demand for commercial spaces, such as shops,modern format retail stores, malls, hotels, and restaurants and offices was witnessed,propelling the growth of several construction-related market, including the gypsumplaster market. With the easing of COVID-19 restrictions by the government, theeconomy opened at large, and consumer sentiments and spending improved as well.
  • Also, interior aesthetics require time totime modification in existing commercial spaces. With gypsum plaster, interior alterationsand renovations became easy and economical compared to that of with traditionallath and plaster.

High Pace of Industrialization

Introduction of Technologically Advanced Products

In addition to this, market players are also investing in research and development to expand their product offerings that are specific to interior decorative applications with the addition of design and texture. These products are designed and manufactured with high-quality precision-offering performance systems to suit the changing trends in construction and workplace, making them extremely popular among architects, contractors, builders, and dealers in the India construction industry.

India Gypsum Plaster Market - Challenges

Susceptibility to Dampness and Availability of Cheaper Alternatives

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Market Segments

Market Players

SakarniPlaster (India) Private Limited, Saint-Gobain Gyproc India Ltd., J.K. LakshmiCement Ltd, Walplast Products Pvt. Ltd., DCM Shriram Ltd. (Shriram CementWorks), Kaya Maya Industries (Trimurti Wall Care Products Pvt Ltd), TMC GypsumIndia Ltd, Birla White, USG Boral, VV Paiint, and VANS Gypsum Pvt. Ltd. are thekey market players in the India gypsum plaster market. 

Attribute

Details

Base Year

2023

Historic Data

2024-2032 – 2022

Estimated Year

2024

Forecast Period

2025 – 2029

Quantitative Units

Revenue in USD million, Volume in Thousand Tons, and CAGR for 2024-2032-2023 and 2024-2029

Report Coverage

Revenue forecast, company share, growth factors, and trends

Segments Covered

By Application

By Packaging Size

By End-Use Industry

By Region

Regional Scope

North, West, South, East

Key companies profiled

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, and VANS Gypsum Pvt. Ltd.

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Table of Content

Table of content
1.         Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2.         Research Methodology

2.1.    Objective of the Study

2.2.    Baseline Methodology

2.3.    Formulation of the Scope

2.4.    Assumptions and Limitations

2.5.    Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6.    Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7.    Methodology Followed for Calculation of Market Size & Market Shares

2.8.    Forecasting Methodology

2.8.1.Data Triangulation & Validation

3.         Executive Summary

4.         Impact of COVID-19 on India Gypsum Board Market

5.         Voice of Customer

6.         India Gypsum Board Market Overview

7.         India Gypsum Board Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value & Volume

7.2.    Market Share & Forecast

7.2.1.By Type (Wall Board, Ceiling Board, Pre-decorated Board and Others)

7.2.2.By Thickness (1/2 inch, 5/8 inch and Others)

7.2.3.By Application (Residential Sector, Commercial Sector, Institutional Sector and Industrial Sector)

7.2.4.By Region (South India, North India, West India and East India)

7.3.    By Company (2023)

7.4.    Market Map

8.         India Gypsum Wall Board Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value & Volume

8.2.    Market Share & Forecast

8.2.1.By Type

8.2.2.By Thickness

8.2.3.By Application

9.         India Gypsum Ceiling Board Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value & Volume

9.2.    Market Share & Forecast

9.2.1.By Type

9.2.2.By Thickness

9.2.3.By Application

10.      India Pre-Decorated Gypsum Board Market Outlook

10.1. Market Size & Forecast

10.1.1.     By Value & Volume

10.2. Market Share & Forecast

10.2.1.     By Type

10.2.2.     By Thickness

10.2.3.     By Application

11.      Market Dynamics

11.1. Drivers

11.2. Challenges

12.      Market Trends and Developments

13.      Company Profiles

15.1.  Sakarni Plaster (India) Private Limited

15.1.1.     Business Overview

15.1.2.     Key Revenue and Financials  

15.1.3.     Recent Developments

15.1.4.     Key Personnel/Key Contact Person

15.1.5.     Key Product/Services Offered

15.2.  Gipskarton India Private Limited

15.2.1.     Business Overview

15.2.2.     Key Revenue and Financials  

15.2.3.     Recent Developments

15.2.4.     Key Personnel/Key Contact Person

15.2.5.     Key Product/Services Offered

15.3.  India Gypsum Pvt Ltd

15.3.1.     Business Overview

15.3.2.     Key Revenue and Financials  

15.3.3.     Recent Developments

15.3.4.     Key Personnel/Key Contact Person

15.3.5.     Key Product/Services Offered

15.4.  Saint-Gobain Gyproc India Ltd.

15.4.1.     Business Overview

15.4.2.     Key Revenue and Financials  

15.4.3.     Recent Developments

15.4.4.     Key Personnel/Key Contact Person

15.4.5.     Key Product/Services Offered

15.5.  Vinayak Gypsum & Interiors Pvt. Ltd.

15.5.1.     Business Overview

15.5.2.     Key Revenue and Financials  

15.5.3.     Recent Developments

15.5.4.     Key Personnel/Key Contact Person

15.5.5.     Key Product/Services Offered

15.6.  SCG International India Pvt Ltd.

15.6.1.     Business Overview

15.6.2.     Key Revenue and Financials  

15.6.3.     Recent Developments

15.6.4.     Key Personnel/Key Contact Person

15.6.5.     Key Product/Services Offered

15.7.  Gypelite India Private Limited

15.7.1.     Business Overview

15.7.2.     Key Revenue and Financials  

15.7.3.     Recent Developments

15.7.4.     Key Personnel/Key Contact Person

15.7.5.     Key Product/Services Offered

15.8.  Gypcore India Pvt Ltd

15.8.1.     Business Overview

15.8.2.     Key Revenue and Financials  

15.8.3.     Recent Developments

15.8.4.     Key Personnel/Key Contact Person

15.8.5.     Key Product/Services Offered

15.9.  Knauf India Private Limited

15.9.1.     Business Overview

15.9.2.     Key Revenue and Financials  

15.9.3.     Recent Developments

15.9.4.     Key Personnel/Key Contact Person

15.9.5.     Key Product/Services Offered

15.10.   Ocean International

15.10.1.   Business Overview

15.10.2.   Key Revenue and Financials  

15.10.3.   Recent Developments

15.10.4.   Key Personnel/Key Contact Person

15.10.5.   Key Product/Services Offered

15.11.   VANS Gypsum Pvt. Ltd.

15.11.1.   Business Overview

15.11.2.   Key Revenue and Financials  

15.11.3.   Recent Developments

15.11.4.   Key Personnel/Key Contact Person

15.11.5.   Key Product/Services Offered

15.12.   Eros Minerock Products LLP

15.12.1.   Business Overview

15.12.2.   Key Revenue and Financials  

15.12.3.   Recent Developments

15.12.4.   Key Personnel/Key Contact Person

15.12.5.   Key Product/Services Offered

15.13.   Fact-Rcf Building Products Limited

15.13.1.   Business Overview

15.13.2.   Key Revenue and Financials  

15.13.3.   Recent Developments

15.13.4.   Key Personnel/Key Contact Person

15.13.5.   Key Product/Services Offered

15.14.   Entity Minerock LLP

15.14.1.   Business Overview

15.14.2.   Key Revenue and Financials  

15.14.3.   Recent Developments

15.14.4.   Key Personnel/Key Contact Person

15.14.5.   Key Product/Services Offered

15.15.   Sherlock Industries

15.15.1.   Business Overview

15.15.2.   Key Revenue and Financials  

15.15.3.   Recent Developments

15.15.4.   Key Personnel/Key Contact Person

15.15.5.   Key Product/Services Offered

16.      Strategic Recommendations

17.      About Us & Disclaimer

 

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