Allied Market Research

2024

Interior Finish Plaster Market

Interior Finish Plaster Market Size, Share, Competitive Landscape and Trend Analysis Report by Plaster system, by Raw material and by End user type : Global Opportunity Analysis and Industry Forecast, 2023-2032

CM : Construction Materials

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Author's: | Sonia Mutreja
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As in the world of advancements and innovations there is new trends across construction industry that  have been improving construction industry. Gypsum plaster is one such innovation in the sector. Gypsum plaster is a substitute for old method of surface plastering in which   sand cement was used in plaster material . The plaster is gaining wide popularity among customers  in recent years because of its unique and excellent features. Its insulation property is one such example of unique and excellent features. Because of their property, gypsum plaster is used for the purpose of acoustic and thermal insulation. Due to thermal insulation, incorporation of gypsum plaster helps keep the house hot at the time of winter and cool during summer. Apart from this, it provides impact resistance, and protection against moisture, air, and fire. Usage of conventional plastering methods such as sand cement plastering needs water curing for longer duration and due to this  crack is formed due to high heat of hydration. To tackle with this issue use of gypsum cement  is preferred nowadays.   Application of gypsum plaster at the time of construction activities takes less curing time, when compared to other conventional plasters. Also, it tends  to reduce POP cost, faster construction, and reduction in electricity cost. Further, growing preference for repairing the existing infrastructure, instead of constructing a new one is a key factor likely to drive the gypsum cement market in coming years.

COVID -19 impact on industry -

COVID-19 pandemic has shut-down the production of various products in the interior finish plaster   market   industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of interior finish plaster  market  significantly from last few months, as is likely to continue during 2020.

COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year.

The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.

Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.

Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The  main  purpose of this gypsum plaster  is plastering of surface .moreover,  it is used to prevent thermal insulation  and its high demand is the  reason  that act as its driving factor.  

  • Excellent insulation properties

The construction sector witnessed a number of new technologies, new trends, and innovations across all applications. This has augmented the construction industry, providing higher performance. Gypsum plaster is a modern-day solution replacing the old method of surface plastering using sand cement. Gypsum surface plaster has caught attention and gaining popularity for the last few years because of its excellent and unique properties. Gypsum plaster has excellent insulation properties and it can provide both thermal and acoustic insulation. In addition, it offers impact resistance and protection against fire, moisture, and vapors. Incorporation of gypsum plaster during construction activities results in minimum curing time and aids in faster construction, reduction in the POP cost, and reduction in electricity bills; as gypsum plaster keeps houses cool during summers and hot during winters due to its low thermal conductivity.

  • Increased saving on the energy cost

Rise in demand for an alternative plaster material in the cement manufacturing industry and preference for repairing the existing infrastructure rather than constructing the new one are some of the key factors likely to increase the gypsum plaster market during the forecast period. Conventional plastering methods such as sand cement plastering require water curing for long duration and involve crack formation due to high heat of hydration. As compared to sand cement plastering, gypsum plastering requires less curing time and does not involve crack formation on surface .So , being light in weight and possessing low thermal conductivity, it helps in decreasing the structural load of building, thereby saving on the energy cost. These all features increase the demand for gypsum plaster in the construction industry and among consumers. However, gypsum plaster is more expensive than cement or cement lime plaster. Being slightly soluble in water, it is not suitable for exterior finishes. These are some of the factors that are predicted  to hamper the growth of the market during the forecast period. However, continuous R&D activities in the field of plaster formulation and material science are likely to find  new opportunities for manufacturers operating in the gypsum plaster market.

Key benefits of the report:

  • This study presents the analytical depiction of the interior finish plaster market  industry  along with the current trends and future estimations to determine the future of the market 
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the  interior finish plaster market  share.
  • The current market is quantitatively analyzed to  interior finish plaster market growth scenario.

Interior Finish Plaster Market Report Highlights

Aspects Details
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By Plaster system
  • Machine-Applied Plaster
  • Manually Applied Plaster
  • Finishes
  • Other
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By Raw material
  • Natural Gypsum
  • Synthetic Gypsum
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By End user type
  • Residential
  • Non-Residential.
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By Region
  • North America  (US, Canada)
  • Europe  (Germany, UK, France, Italy, rest of Europe)
  • Asia Pacific  (China, Japan, India, Australia, rest of Asia Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Grenzebach Group, Zahid Group, Knauf GipsKG.., BUILDON, Saint Gobain

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Interior Finish Plaster Market

Global Opportunity Analysis and Industry Forecast, 2023-2032