India Gypsum Board Market is Expected to Register a CAGR of 7.70% Through 2030
Rapid Urbanization & Infrastructure Development and Growth
in the Real Estate & Construction Industry are likely to propel the market during
the forecast period.
According to
TechSci Research report, “India Gypsum Board Market – By Region,
Competition, Forecast and Opportunities, 2020-2030F”, India Gypsum Board Market was valued at USD 3.87
Billion in 2024 and is expected to reach USD 6.09 Billion by 2030 with a CAGR
of 7.70% during the forecast period.
India
is witnessing rapid urbanization, with millions of people migrating to cities
in search of better opportunities. This urban shift has led to an increased
demand for residential, commercial, and industrial infrastructure, directly
boosting the gypsum board market.
With
government initiatives like “Smart Cities Mission” and “Housing for All,” the
construction industry is expanding rapidly. Gypsum boards, widely used for
interior walls, ceilings, and partitions, are preferred due to their
cost-effectiveness, quick installation, and durability. In urban areas, where
space optimization is crucial, gypsum boards help create flexible, lightweight
partitions that enhance interior aesthetics while maintaining functionality.
Moreover, large-scale infrastructure projects such as airports, metro stations,
IT parks, and business hubs are fueling demand for high-quality building
materials, including gypsum board. The preference for dry construction methods
over traditional brick-and-mortar structures is also rising, further driving
market growth. As urbanization continues, the gypsum board market in India is
expected to expand significantly.
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Based
on Application, The Residential Sector held the largest market share in
2024. The residential sector dominates
the India gypsum board market due to rapid urbanization, rising housing demand,
and increasing adoption of modern construction techniques. Several key factors
contribute to its leadership in this market:
India's
urban population is expanding rapidly, leading to increased demand for
residential properties. Government initiatives such as Pradhan Mantri Awas
Yojana (PMAY) and the Smart Cities Mission have further boosted housing
development, particularly in metropolitan and tier 2 and tier 3 cities. Gypsum
boards, known for their cost-effectiveness and quick installation, have become
a preferred choice in modern housing projects.
Traditional
brick-and-mortar construction is time-consuming and labor-intensive. The
increasing adoption of drywall solutions, where gypsum boards are widely used
for partitions, ceilings, and wall linings, is reshaping residential
construction. Builders and homeowners prefer gypsum boards for their
lightweight properties, smooth finish, and resistance to fire and moisture.
Homeowners
are increasingly looking for modern interior solutions that offer both
aesthetics and functionality. Gypsum boards are commonly used for false
ceilings, decorative wall panels, and partition walls, enhancing the visual
appeal of homes. Their acoustic insulation properties also make them suitable
for soundproofing residential spaces.
With
growing awareness of sustainability, gypsum boards are gaining traction in
residential construction due to their recyclable nature and energy-efficient
properties. They help regulate indoor temperatures, reducing energy consumption
for heating and cooling.
Based on region,
North India is emerging as
the fastest-growing region in the Indian gypsum board market due to rapid
urbanization, large-scale infrastructure development, and increasing real
estate investments. The region, which includes states like Delhi, Uttar Pradesh,
Haryana, Punjab, and Rajasthan, is witnessing a construction boom driven by
government initiatives, industrial expansion, and rising demand for modern
building materials.
One
of the key factors contributing to the growth of the gypsum board market in
North India is the presence of major real estate projects. Cities like
Delhi-NCR, Noida, Gurugram, and Chandigarh are experiencing significant growth
in residential, commercial, and industrial construction. The increasing
adoption of gypsum boards for partitions, ceilings, and wall linings in
high-rise apartments, office spaces, and shopping complexes has fueled market
expansion.
Additionally,
government initiatives such as the Smart Cities Mission and Pradhan Mantri Awas
Yojana (Housing for All) are driving the demand for cost-effective and
sustainable building solutions, further boosting the adoption of gypsum boards.
The region's growing preference for prefabricated and drywall construction
methods, which offer faster project completion and reduced labor costs, is also
a major driver.
Another
advantage for North India is the availability of gypsum reserves in Rajasthan,
which ensures a steady supply of raw materials for gypsum board manufacturing.
The presence of key industry players and improved logistics networks also
contribute to the region’s rapid growth.
With
increasing awareness of fire-resistant, moisture-resistant, and eco-friendly
gypsum boards, North India is expected to continue its strong growth
trajectory, making it the leading region in the Indian gypsum board market.
Major companies
operating in the India Gypsum Board Market are:
- Knauf Digital GmbH
- Compagnie de Saint-Gobain S.A.
- USG Corporation
- Koch, Inc.
- Etex NV
- Yoshino Gypsum Co., Ltd.
- American Gypsum Company LLC
- Holcim Ltd
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“The India gypsum board market presents
significant growth opportunities driven by rapid urbanization, infrastructure
development, and the increasing adoption of modern construction techniques. The
rising demand for sustainable, fire-resistant, and moisture-resistant building
materials further strengthens market potential. Expanding real estate projects,
government initiatives like "Smart Cities Mission" and "Housing
for All," and the shift towards prefabricated construction enhance market
prospects. Additionally, the growing preference for eco-friendly and recyclable
materials aligns with sustainability trends, creating a favorable environment
for investment. With increasing penetration in tier 2 and tier 3 cities, the
gypsum board market in India is poised for substantial expansion.”
said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.
“India Gypsum Board
Market, By Type (Wall Board, Ceiling Board,
Pre-decorated Board, Others), By Thickness (1/2 inch, 5/8 inch, Others), By
Application (Residential Sector, Commercial Sector, Institutional Sector, Industrial
Sector) By Region, Competition, Forecast & Opportunities, 2020-2030F ”,
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 make sound investment decisions., The report also identifies
and analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the India Gypsum Board Market.
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