India Gypsum Plaster Market Size, Trends, Share, Growth & Outlook 2025-2033 | Get Free Sample

According to IMARC Group’s report titled India Gypsum Plaster Market Size, Share, Trends and Forecast by Type, Sector, and Region, 2025-2033 the report offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights.

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India Gypsum Plaster Market Overview

The India gypsum plaster market size reached USD 153.45 Million in 2024. Looking forward, the market is expected to reach USD 300.28 Million by 2033, exhibiting a CAGR of 7.13% during the forecast period of 2025-2033. The market growth is driven by increasing construction activities, government initiatives such as "Housing for All," rapid urbanization, and rising demand for eco-friendly and cost-effective building materials across residential, commercial, and industrial sectors.

India Gypsum Plaster Market Key Takeaways

• Current Market Size: USD 153.45 Million (2024)
• CAGR: 7.13% (2025-2033)
• Forecast Period: 2025-2033
• The market is propelled by expanding infrastructure projects and government housing schemes.
• 100% Foreign Direct Investment (FDI) in the gypsum products sector has increased foreign investments and advanced manufacturing capabilities.
• Rapid urbanization creates growing demand for fast-setting, quality building materials like gypsum plaster.
• Modern production methods improve product quality, making gypsum plaster more adaptable to varied climates.
• Sustainability focus and energy-efficient building trends favor the adoption of gypsum plaster.

India Gypsum Plaster Market Growth Factors

• Expanding infrastructure projects drive demand for efficient construction materials.
• Government initiatives such as the "Housing for All" scheme bolster residential construction.
• Opening of 100% Foreign Direct Investment (FDI) in gypsum products sector attracts overseas investments.
• Establishment of advanced manufacturing plants increases domestic gypsum plaster supply.
• Modern production methods enhance product quality, durability, and adaptability.
• State-supported infrastructure projects like smart cities and urban redevelopment boost demand.
• Rising preference for eco-friendly and energy-efficient building materials.
• Need for cost-effective and time-saving wall finishing solutions in construction.
• Increasing demand across residential, commercial, and industrial sectors.

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India Gypsum Plaster Market Trends

• The Indian government's efforts to strengthen the construction sector significantly impact the gypsum plaster market.
• The "Housing for All" initiative has led to a boom in residential building projects.
• 100% FDI in gypsum products sector has brought in advanced technologies and increased production capacities.
• Sophisticated manufacturing plants have improved efficiency and product quality.
• Gypsum plaster is becoming more resistant and adaptable to diverse Indian climatic conditions.
• State-supported infrastructure schemes like smart cities have increased demand.
• Focus on sustainability and energy-efficient building encourages gypsum plaster use.
• Gypsum plaster reduces construction time and labor costs, making it popular in large-scale ventures.
• Rapid urbanization drives demand for faster construction with quality materials like gypsum plaster.

India Gypsum Plaster Market Segmentation

Type Insights:

• Regular Gypsum Plaster
• Moisture Resistant Gypsum Plaster

The market is segmented into regular gypsum plaster and moisture resistant gypsum plaster based on type, each catering to different construction needs.

Sector Insights:

• Residential
• Commercial
• Industrial

The market segmentation by sector includes residential, commercial, and industrial applications reflecting diverse end-use sectors.

Regional Insights

• North India
• South India
• East India
• West India

The report highlights key regional markets, including North India, South India, East India, and West India. Among these, the dominant region and market share data are not explicitly provided in the source, but the overall market is driven strongly by activities across these major regions, supported by a CAGR of 7.13%.

India Gypsum Plaster Market Key Players

The report offers an in-depth examination of the competitive landscape, including market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

India Gypsum Plaster Market Recent Developments & News

• July 2024: Walplast Products launched a new campaign for its retail brand HomeSure, enhancing brand awareness and demand for its gypsum products such as HomeSure GypEx.
• April 2024: Saint-Gobain Gyproc India began manufacturing low-carbon gypsum plasters at its Tiruvallur plant, reducing the global warming potential by more than 40% across the product lifecycle, promoting sustainability in Indian construction.

India Gypsum Plaster Market Key Highlights of the Report

• Comprehensive analysis of historical and forecast market trends from 2019 to 2033.
• Detailed segmentation by type, sector, and region with future growth estimations.
• Insight into government initiatives impacting market dynamics.
• Evaluation of competitive landscape and key player profiles.
• Porter’s five forces analysis to assess market competitiveness.
• Support for stakeholders with data-driven market insights and forecasts.

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