India Gypsum Board Market is expected to grow at a CAGR of 9.18%
India
Gypsum Board Market is expected to grow owing to growing awareness and emphasis
on sustainable construction practices throughout the forecast period.
According
to TechSci Research report, “India
Gypsum Board Market - By Region, Competition, Forecast and Opportunities
2019-2029”, the India Gypsum Board Market is expected to
register robust growth during the forecast period. The
overall growth in construction activities across various sectors contributes
significantly to the demand for gypsum boards. Residential construction,
commercial complexes, educational institutions, healthcare facilities, and
industrial projects all rely on gypsum boards for interior applications. The
material's ease of installation, lightweight nature, and adaptability make it a
preferred choice for builders and developers undertaking diverse construction
projects.
With
India experiencing rapid urbanization, there is a tremendous opportunity for
gypsum board manufacturers and suppliers to cater to the increasing demand for
construction materials. Urban development projects, including residential and
commercial complexes, infrastructure initiatives, and smart cities, offer a
robust market for gypsum boards. By aligning product offerings with the needs
of urban development, manufacturers can tap into this burgeoning market.
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Based
on type, the
Wall Board segment is expected to dominate the market during the forecast
period. The evolving preferences in interior design and aesthetics influence
the demand for innovative wall solutions. Gypsum boards allow for a wide range
of finishes, textures, and designs, providing architects and interior designers
with the flexibility to create visually appealing spaces. The wall board
segment benefits from the constant evolution of interior design trends, driving
the adoption of gypsum boards for decorative and functional wall applications.
The trend towards sustainable construction practices also influences the wall
board segment. Manufacturers are developing eco-friendly gypsum boards with
recycled content and sustainable production processes. Builders and developers,
in line with green building certifications, are increasingly choosing gypsum
boards that contribute to environmentally friendly construction practices. The
wall board segment in the India Gypsum Board Market is poised for continued
growth, driven by urbanization, design trends, and a focus on sustainable
construction. Manufacturers that invest in product innovation, address cost
concerns, and align with environmental considerations are likely to thrive in
this dynamic and evolving segment. As construction practices and design preferences
evolve, the wall board segment will play a crucial role in shaping interior
spaces across residential, commercial, and institutional projects in India.
Based
on application, the Commercial segment is projected to dominate the market
throughout the forecast period. The commercial sector places a significant
emphasis on creating aesthetically pleasing and functional interior spaces.
Gypsum boards enable architects and designers to achieve diverse design
elements, ranging from sleek and modern office interiors to decorative features
in retail environments. The demand for visually appealing and well-designed
commercial spaces drives the use of gypsum boards for interior applications.
Sustainability is a growing trend in the commercial construction sector. Gypsum
board manufacturers are responding by developing environmentally friendly
products with recycled content and sustainable production practices. Buildings
seeking Leadership in Energy and Environmental Design (LEED) certification
often incorporate gypsum boards as part of their commitment to sustainable
construction practices. The commercial sector segment within the India Gypsum
Board Market is poised for continued growth as commercial construction
activities expand and businesses prioritize visually appealing and functional
interiors. Manufacturers that focus on addressing regulatory challenges,
offering innovative solutions, and aligning with sustainability trends are
likely to see increased adoption of gypsum boards in the dynamic and evolving
commercial construction landscape in India.
Key
market players in the India Gypsum Board Market are:-
- Sakarni Plaster
(India) Private Limited
- Gipskarton
India Private Limited
- India Gypsum
Pvt Ltd
- Saint-Gobain
Gyproc India Ltd.
- Vinayak Gypsum
& Interiors Pvt. Ltd.
- SCG
International India Pvt Ltd.
- Gypelite India
Private Limited
- Gypcore India
Pvt Ltd
- Knauf India
Private Limited
- Ocean
International
- VANS Gypsum
Pvt. Ltd.
- Eros Minerock
Products LLP
- Fact-Rcf
Building Products Limited
- Entity Minerock
LLP
- Sherlock
Industries
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“The
India Gypsum Board Market in South India is poised to be the dominant force in
the industry. South India
is witnessing rapid urbanization, driven by factors such as population growth,
rural-to-urban migration, and increased economic activities. The demand for
residential and commercial spaces is escalating, leading to a surge in
construction projects. Gypsum boards, with their versatility and quick
installation features, are well-suited for the dynamic construction
requirements in rapidly urbanizing areas of South India.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“India
Gypsum Board Market Segmented By Type (Wall Board, Ceiling Board, Pre-decorated
Board and Others), By Thickness (1/2 inch, 5/8 inch and Others), By Application
(Residential Sector, Commercial Sector, Institutional Sector and Industrial
Sector), By Region, and By Competition 2019-2029” has evaluated the future growth
potential of India Gypsum Board Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in India Gypsum Board Market.
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