With intense rivalry among prominent players, the global gypsum plaster market demonstrates a highly competitive landscape, a new research report by Report Ocean states. The main market participants, such as Saint Gobain, VANS Gypsum, Sherlock Industries, USG Boral (India), LafargeHolcim, Shreenath Gyptech, National Gypsum, Etex Corp, Knauf, and USG, are constantly striving to increase their market presence through various marketing strategies, such as new product launches and technological advancements in their existing products.
The report is titled “Global Gypsum Plaster Market Size study, by Type (Regular Gypsum Plaster and Moisture Resistant Gypsum Plaster, By Application (Residential, Commercial and Industrial) and Regional Forecasts 2020-2027” and is prepared by performing detailed analyses of each of its segments, using various market research tools.
The global gypsum plaster market is gaining from the increase in construction activities across the world. As per the International Construction Market Survey, in 2018, the growth rate of construction industry was estimated 3.9%, a rise of 0.4% from 3.5% in 2017. Experts state that the future prospect of the building and construction industry is extraordinary. This scenario is poised to boost the demand for gypsum plaster greatly and the market is expected to ride on the back of it over a couple of years. However, the availability of alternatives may hamper the growth of this market in the near future.
Gypsum plaster has been a preferred choice over the traditional sand cement plaster among construction companies. Its unique characteristics, such as its light weight, quicker turnaround time, easy applicability, and superior finish, have been adding strongly to its popularity. Its green nature is also boosting its demand to great extent. As the requirement for eco-friendly building materials is increasing, market players have begun to focus on the research and development of sustainable materials to meet the stringent green building regulatory framework. This, in turn, is aiding the growth of the worldwide market for gypsum plaster significantly. With gypsum plaster emerging as a popular choice among the construction companies for plastering internal surfaces; its demand is likely to sky-rocket in the near future.
The regional analysis of the global gypsum plaster market has also been presented in this report. As per the study, the presence of this market is distributed across Asia Pacific, North America, Europe, Latin America and the Rest of the World. Currently, Asia Pacific is leading the global market, thanks to the rapid urbanization, rise in government initiatives for infrastructural developments and affordable housing projects, and the increasing foreign direct investments (FDI). The Asia Pacific gypsum plaster market is projected to remain dominant over the period of the forecast, reports the research study.
Impact of Covid 19 on Global Gypsum Plaster Market
With the focus shifted to the healthcare and pharmaceutical sectors, other industries have taken a backseat during the Coronavirus pandemic. The construction industry and the markets under its bandwidth, including the global gypsum plaster market, have been significantly disturbed by this pandemic. Construction activities have been stopped completely and investments and, consequently, research activities have witnessed a decline, impacting the market’s growth. However, post-pandemic, when things will get better, the focus is expected to shift again to the construction and industrialization sectors and the market will gradually gain from it, assert analysts.
- Gypsum plaster has surfaced as the preferred choice over the traditional sand cement plaster among construction companies.
- The Asia Pacific gypsum plaster market is projected to remain dominant over the period of the forecast.
The global gypsum plaster market is segmented as:
- Regular Gypsum Plaster
- Moisture Resistant Gypsum Plaster
- North America
- Asia Pacific
- Latin America
- Rest of the World
Companies Mentioned in the Report
- Saint Gobain
- VANS Gypsum
- Sherlock Industries
- USG Boral (India)
- Shreenath Gyptech
- National Gypsum
- Etex Corp
Company Name: Report Ocean
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