As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.

India gypsum plaster market is expected to undergo significant CAGR during the forecast period on account of introduction of 100% Foreign Direct Investment (FDI) for gypsum products by Indian government coupled with rapid infrastructural activities in the country. The growing requirement for less time consuming plastering methods is also acting as a key growth driver for this market as gypsum plaster takes less curing time, when compared to other conventional plasters. Moreover, use of gypsum plaster aids to faster construction, reduce POP cost,  and reduction in electricity cost. This kind of plaster carries high thermal insulation feature, thereby can help in reducing structural load of building and save energy cost.

Additionally, increasing per capita disposable income of India is leading to rising expenditure on housing and infrastructure development. This is expected to provide huge growth opportunities for gypsum plaster manufactures. Furthermore, boost in tourism sector which tends to increase the demand for hotels and other commercial complexes is also anticipated to drive the growth of India gypsum plaster market in coming years. However, the market is also facing some challenges. High cost of gypsum plasters when compared to cement line plasters is hampering the market growth. Apart from this, gypsum plasters are soluble in water and which makes them not suitable for external finishing.

India gypsum plaster market is segmented based on based on application, packaging size, end use and zone. Based on end use, the market can be segmented into residential, offices , retail, industrial, schools, transport, hospitality, hospitals and others. Among these, residential sector is expected to undergo rapid growth in the market through FY2026 owing to increasing demand for housing across all regions. Furthermore, builders and construction companies are increasingly preferring to use gypsum plasters for molding of interior design elements and sculptural forms as gypsum plaster when combined with water, becomes malleable and easy to shape.

Major players operating in India gypsum plaster market include JK Lakshmi Cement Ltd, Saint-Gobain Gyproc India, Sakarni Plaster (India) Private Limited, Shriram Cement Works, TMC Gypsum India Ltd, Walplast Products Pvt. Ltd., India Gypsum Pvt Ltd, Kaya Maya Industries, V V Paiint and TMC Gypsum India Ltd., among others. The market players are undergoing partnerships, mergers & acquisitions and joint ventures as their key growth strategies.

Years considered for this report:

Historical Years: FY2016-FY2019

Base Year: FY2020

Estimated Year: FY2021

Forecast Period: FY2022–FY2026

Objective of the Study:

  • To analyze and estimate the market size of India gypsum plaster market from FY2016 to FY2019.
  • To estimate and forecast the market size of India gypsum plaster market from FY2020 to FY2026 and growth rate until FY2026.
  • To classify and forecast India Gypsum Plaster market based on application, packaging size, end use, company and regional distribution.
  • To identify dominant region or segment in the India gypsum plaster market.
  • To identify drivers and challenges for India gypsum plaster market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India gypsum plaster market.
  • To identify and analyze the profile of leading players operating in India gypsum plaster market.
  • To identify key sustainable strategies adopted by market players in India gypsum plaster market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of gypsum plaster manufacturers across India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of India gypsum plaster market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Gypsum plaster manufacturers, suppliers, distributors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to gypsum plaster
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as gypsum plaster manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India gypsum plaster market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • India Gypsum Plaster Market, By Application:
    • Red Bricks
    • Concrete Blocks
    • RCC Surface
    • Sand Cement
  • India Gypsum Plaster Market, By Packaging Size:
    • Up to 5 Kg
    • 5-10 Kg
    • 10-20 Kg
    • 20-25 Kg
    • Above 25 Kg
  • India Gypsum Plaster Market, By End Use:
    • Residential
    • Offices
    • Retail
    • Industrial
    • Schools
    • Transport
    • Hospitality
    • Hospitals
    • Others
  • India Gypsum Plaster Market, By Zone:
    • North
    • South
    • East
    • West
    • Centre

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India gypsum plaster market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
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1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on India Gypsum Plaster Market

4.    Executive Summary

5.    Voice of Customer

6.    India Gypsum Plaster Market Outlook

6.1.  Market Size & Forecast

6.1.1. By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Application (Red Bricks, Concrete Blocks, RCC Surface, Sand Cement)

6.2.2.     By Packaging Size (Up to 5 Kg, 5-10 Kg, 10-20 Kg, 20-25 Kg, Above 25 Kg)

6.2.3.     By End Use (Residential, Offices , Retail, Industrial, Schools, Transport, Hospitality, Hospitals, Others)

6.2.4.     By Zone

6.2.5.     By Company (2020)

6.3.  Product Market Map

7.    North Zone Gypsum Plaster Market Outlook

7.1.  Market Size & Forecast

7.1.1. By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Packaging Size

7.2.2.     By End Use

7.2.3.     By State (Delhi, Haryana, Punjab, Rajasthan, Others)

7.3.  Competition Outlook

8.    South Zone Gypsum Plaster Market Outlook

8.1.  Market Size & Forecast

8.1.1. By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Packaging Size

8.2.2.     By End Use

8.2.3.     By State (Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, Telangana)

8.3.  Competition Outlook

9.    East Zone Gypsum Plaster Market Outlook

9.1.  Market Size & Forecast

9.1.1. By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Packaging Size

9.2.2.     By End Use

9.2.3.     By State (West Bengal, Odisha, North Eastern State)

9.3.  Competition Outlook

10.  West Zone Gypsum Plaster Market Outlook

10.1.              Market Size & Forecast

10.1.1.   By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Packaging Size

10.2.2.  By End Use

10.2.3.  By State (Maharashtra, Gujarat, Madhya Pradesh, Others)

10.3.              Competition Outlook

11.  Central Zone Gypsum Plaster Market Outlook

11.1.              Market Size & Forecast

11.1.1.   By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Packaging Size

11.2.2.  By End Use

11.2.3.  By State (Bihar, Jharkhand, UP, Uttarakhand)

11.3.              Competition Outlook

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Development

14.  Import Export Analysis (Crushed Gypsum, Powder Gypsum, Powder Gypsum)

15.  Policy & Regulatory Landscape

16.  Pricing Analysis (Domestic Vs Import)

17.  India Economic Profile

18.  Competitive Landscape

18.1.              Competition Outlook

18.2.              Company Profiles

18.2.1.  JK Lakshmi Cement Ltd

18.2.2.  Saint-Gobain Gyproc India

18.2.3.  Sakarni Plaster (India) Private Limited

18.2.4.  Shriram Cement Works

18.2.5.  TMC Gypsum India Ltd

18.2.6.  Walplast Products Pvt. Ltd.

18.2.7.  India Gypsum Pvt Ltd

18.2.8.  Kaya Maya Industries

18.2.9.  V V Paiint

18.2.10.                TMC Gypsum India Ltd

19.  Strategic Recommendations

20.  About us & Disclaimer

                                                                                    (Note: The companies list can be customized based on the client requirements.)

In case you don’t find what you are looking for, please get in touch with our custom research team at