Gypsum Plaster Market Size To Reach $4.92 Billion By 2030

March 2025 | Report Format: Electronic (PDF)

Gypsum Plaster Market Growth & Trends

The global gypsum plaster market size is anticipated to reach USD 4.92 billion by 2030 and is anticipated to grow at a CAGR of 6.3% during the forecast period, according to a new report by Grand View Research, Inc. The market is primarily driven by the increasing demand for lightweight and high-performance construction materials. Gypsum plaster offers advantages such as ease of application, quick setting time, and superior fire resistance, making it a preferred alternative to traditional cement plaster. The growing emphasis on cost-effective and time-efficient construction methods has further propelled the adoption of gypsum plaster, particularly in residential, commercial, and industrial infrastructure projects. In addition, the rising demand for aesthetically appealing and smooth wall finishes in modern construction contributes to market growth.

Urbanization and infrastructure development are also significant market drivers. Rapid urban expansion, particularly in emerging economies, has increased construction activities, increasing the need for efficient building materials. Government initiatives promoting affordable housing and sustainable building practices have further accelerated market expansion. Moreover, the rise of prefabricated and dry construction techniques, which require high-quality finishing materials, has increased the adoption of gypsum plaster across various construction segments.

Sustainability and environmental considerations play a crucial role in shaping market growth. Gypsum is a naturally occurring mineral that can be recycled and reused, aligning with global sustainability goals and green building initiatives. Moreover, increasing regulatory frameworks promoting energy-efficient and eco-friendly construction materials drive demand. The lower carbon footprint of gypsum plaster compared to traditional cement-based alternatives has further strengthened its market position.

Technological advancements and product innovations are also key factors influencing market growth. Manufacturers are developing enhanced gypsum plaster products with improved strength, durability, and moisture resistance, making them suitable for diverse climatic conditions. Furthermore, the growing adoption of automation and digitalization in the construction sector has facilitated efficient application techniques, further boosting market penetration. As the construction industry continues to evolve, the demand for high-quality, sustainable, and efficient materials like gypsum plaster is expected to rise steadily.

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Gypsum Plaster Market Report Highlights

The manually applied plaster segment led the market and accounted for the largest revenue share of 46.3% in 2024, driven by its widespread use in residential, commercial, and industrial construction projects
The natural gypsum segment led the market and accounted for the largest revenue share of 67.7% in 2024, driven by its widespread availability, cost-effectiveness, and superior quality compared to synthetic alternatives
The residential segment dominated the market and accounted for the largest revenue share of 44.0% in 2024, driven by the rapid expansion of urban housing, increasing disposable incomes, and growing consumer preference for modern, aesthetically appealing interiors