India Gypsum Plaster Market to Register Significant Growth through 2026

Introduction of 100% Foreign Direct Investment (FDI) for gypsum products to drive India gypsum plaster market

According to TechSci Research report, “India Gypsum Plaster Market By Application (Red Bricks, Concrete Blocks, RCC Surface, Sand Cement), By Packaging Size (Up to 5 Kg, 5-10 Kg, 10-20 Kg, 20-25 Kg, Above 25 Kg), By End Use (Residential, Offices , Retail, Industrial, Schools, Transport, Hospitality, Hospitals, Others), By Region, Forecast & Opportunities, FY2026”, the market is anticipated to witness substantial growth during the forecast period. Key factors propelling the growth of India gypsum plaster market include robust infrastructural growth, thriving cement industry and increasing demand for ceramic products. The Indian government has introduced 100% Foreign Direct Investment (FDI) for gypsum products, which is acting as a major driving force for India gypsum plaster market. The increased FDI inflows in gypsum market has brough a significant growth in gypsum plaster market in the past few years. Furthermore, innovations and new trends across construction industry has led to increasing traction of gypsum plaster in Indian market. Also, the advantage of gypsum plaster over conventional plastering methods like sand cement plastering is augmenting the market growth.

Moreover, the excellent insulation properties of gypsum plaster are serving as a key growth factor for this market. In addition to this, growing tourism sector which tends to increase the demand for hotels and commercial complexes, is also expected to drive the India gypsum plaster market in coming years. Furthermore, growing requirement for less time-consuming plastering methods is also fostering the growth of India gypsum plaster market. However, gypsum plaster is expensive when compared to cement line plasters, which is acting as a restraining factor for market growth. Also, gypsum plasters are soluble in water and hence cannot be used for the purpose of external finishing. This is likely to hamper the market.

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India gypsum plaster market is segmented 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 them, residential sector witnessed significant CAGR in FY2019 and is further expected to dominate the market growth through FY2026, which can be attributed to rising demand for housing across all regions, leading to rapid construction activities. Moreover, gypsum plaster when combined with water, becomes malleable and easy to shape. This is why builders and construction companies are increasingly preferring to use gypsum plasters for molding of interior design elements and sculptural forms.

Major players operating in the 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. The companies are undergoing growth strategies such as partnerships, mergers & acquisitions and joint ventures in order to increase their market share in India gypsum plaster market.

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“The increasing per capita disposable income in India and rising expenditure on housing and infrastructure development is creating huge growth opportunities for gypsum plaster manufactures. Along with this, increasing expenditure on rebuilding and renovation, coupled with rise in demand for plasterboards is expected to foster the growth of India gypsum plaster market. The companies are also investing on product improvement, which is creating increasing demand for gypsum plasters, especially in construction industry,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Gypsum Plaster Market By Application (Red Bricks, Concrete Blocks, RCC Surface, Sand Cement), By Packaging Size (Up to 5 Kg, 5-10 Kg, 10-20 Kg, 20-25 Kg, Above 25 Kg), By End Use (Residential, Offices , Retail, Industrial, Schools, Transport, Hospitality, Hospitals, Others), By Region, Forecast & Opportunities, FY2026” has evaluated the future growth potential of India gypsum plaster 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 plaster market.

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