Gypsum Plasters Market

By Plaster System;

Manually-Applied Plaster, Machine-Applied Plaster and Finishes

By Raw Material;

Natural Gypsum and Synthetic Gypsum

By End Use;

Residential, Commercial and Industrial

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn113601227 Published Date: October, 2025 Updated Date: November, 2025

Gypsum Plaster Market Overview

Gypsum Plaster Market (USD Million)

Gypsum Plaster Market was valued at USD 470.50 million in the year 2024. The size of this market is expected to increase to USD 590.56 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.3%.


Gypsum Plasters Market

*Market size in USD million

CAGR 3.3 %


Study Period2025 - 2031
Base Year2024
CAGR (%)3.3 %
Market Size (2024)USD 470.50 Million
Market Size (2031)USD 590.56 Million
Market ConcentrationHigh
Report Pages363
470.50
2024
590.56
2031

Major Players

  • Saint-Gobain S.A.
  • Knauf Gips KG
  • Global Gypsum Company Ltd.
  • USG Boral Building Products Pte. Limited
  • LafargeHolcim Ltd
  • YOSHINO GYPSUM CO., LTD.
  • VANS Gypsum Pvt. Ltd
  • Georgia-Pacific Gypsum LLC
  • VG-ORTH GmbH & Co. KG
  • La Maruxia
  • N.K.V. Gypsum Plaster Company Limited
  • Winstone Wallboards Ltd.
  • SANKHLA BROTHERS
  • Sam Gypsum Private Limited
  • Escayescos

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Gypsum Plasters Market

Fragmented - Highly competitive market without dominant players


The Gypsum Plasters Market is witnessing rapid growth, fueled by the increasing shift toward modern and sustainable construction materials. Recognized for its smooth finish, durability, and cost efficiency, gypsum plaster is steadily replacing traditional options. Currently, more than 55% of construction activities incorporate gypsum plasters, reflecting its rising adoption across both residential and commercial projects.

Sustainability in Construction
The emphasis on sustainability in construction has become a key driver of this market. Over 50% of builders and contractors now prefer eco-friendly materials, and gypsum plaster stands out due to its low environmental impact, ability to improve indoor air quality, and reduced material wastage. This growing preference is reinforcing its importance in green building practices.

Superior Performance Benefits
One of the strongest contributors to market adoption is the superior performance of gypsum plaster. With features such as fire resistance, crack prevention, and enhanced aesthetics, nearly 60% of end-users report greater satisfaction compared to conventional plastering materials. These attributes make gypsum plasters highly versatile for walls, ceilings, and decorative finishes.

Technological Advancements
Technological advancements are further boosting this market’s potential. Roughly 40% of new innovations in plastering emphasize improvements in setting times, application efficiency, and overall durability. The emergence of ready-mix solutions and mechanized plastering systems ensures faster execution, helping construction projects meet timelines with better finish quality.

Market Growth Outlook
Looking ahead, the Gypsum Plasters Market is expected to experience steady growth as construction trends shift toward efficiency and sustainability. Around 45% of industry investments are now directed toward gypsum-based products, underlining their role as a key material shaping the future of construction practices.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Plaster System
    2. Market Snapshot, By Raw Material
    3. Market Snapshot, By End Use
    4. Market Snapshot, By Region
  4. Gypsum Plaster Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Urbanization
        2. Infrastructure Development
        3. Construction Growth
        4. Aesthetic Appeal
      2. Restraints
        1. Volatile Raw Material Prices
        2. Environmental Regulations
        3. High Installation Costs
        4. Competition from Alternatives
      3. Opportunities
        1. Green Building Trends
        2. Technological Advancements
        3. Emerging Markets
        4. Renovation and Remodeling
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Gypsum Plasters Market, By Plaster System, 2021 - 2031 (USD Million)
      1. Manually-Applied Plaster
      2. Machine-Applied Plaster
      3. Finishes
    2. Gypsum Plasters Market, By Raw Material, 2021 - 2031 (USD Million)
      1. Natural Gypsum
      2. Synthetic Gypsum
    3. Gypsum Plasters Market, By End Use, 2021 - 2031 (USD Million)
      1. Residential
      2. Commercial
      3. Industrial
    4. Gypsum Plaster Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN(Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Saint-Gobain S.A.
      2. Knauf Gips KG
      3. Global Gypsum Company Ltd.
      4. USG Corporation
      5. James Hardie Industries plc
      6. Georgia-Pacific Gypsum II LLC
      7. Yoshino Gypsum Co., Ltd.
      8. Escayescos, S.L.
      9. Vg-Orth GmbH & Co. KG
      10. La Maruxiña
      11. Winstone Wallboards Ltd.
      12. N.K.V. Gypsum Plaster Co. Ltd.
      13. Sam Gypsum Private Limited
      14. Birla White (Aditya Birla group brand)
      15. Asian Paints (Gypsum plaster lines / brands)
  7. Analyst Views
  8. Future Outlook of the Market