Global gypsum plaster market was valued at ~US$ 400 Mn in 2019 and is anticipated to expand at a CAGR of 3.5%, in terms of volume, from 2020 to 2030.
The construction industry has grown rapidly over the past few decades, especially in economically prosperous countries like the Middle East and Africa and Asia Pacific. These regions' expanding economies, growing levels of government assistance, and a strong emphasis on modernization and infrastructure development are mostly to blame for the expansion of the construction industry in these areas. In the future decade, the growth of the worldwide gypsum plaster market is anticipated to be directly impacted by the expansion of the construction industry. One of the main factors anticipated to propel the gypsum plaster market during the forecast period is the advantages offered by gypsum plaster over traditional water curing procedures.
Gypsum plaster uptake is anticipated to be influenced by a number of important factors, including the product's environmental friendliness. Gypsum plaster has gained popularity among building businesses as a plastering material, and it is increasingly being utilized to plaster interior surfaces. Gypsum plaster also has great thermal and acoustic qualities, which will further contribute to the demand's predicted steady growth during the forecast period. Gypsum plaster is roughly 50% lighter in weight than conventional sand-cement plaster, doesn't split from shrinkage, and expedites building. These elements are probably going to boost the demand for gypsum plaster in the next years.
The demand for gypsum plaster is expected to be significantly fueled by an increase in the number of residential and non-residential construction projects, rising foreign direct investments, and supportive government efforts, particularly in the Asia Pacific region.
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Major Players in Gypsum Plaster market are:
Saint-Gobain
Frutas De Exportacion S.A.
Compania Industrial El Volcan
Armstrong World Industries Inc.
Most important types of Gypsum Plaster products covered in this report are:
Regular Gypsum Plaster
Moisture Resistant Gypsum Plaster
Most widely used downstream fields of Gypsum Plaster market covered in this report are:
Residential
Commercial
Others
Major Regions or countries covered in this report:
North America
Europe
China
Japan
Middle East and Africa
South America
India
South Korea
Southeast Asia
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