Gypsum Plaster Market Growth, Demand and Forecast 2034
Global Gypsum Plaster Market Growth, Size, Trends Analysis - By Plaster System, By Raw Material, By End-User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Sep-2025 | Report ID: CHEM25174 | Pages: 1 - 274 | Formats*: |
| Category : Chemical & Materials | |||
Global Gypsum Plaster Market Introduction and Overview
According to SPER Market Research, the Global Gypsum Plaster Market is estimated to reach USD 6.9 billion by 2034 with a CAGR of 6.52%.
The report includes an in-depth analysis of the Global Gypsum Plaster Market, including market size and trends, product mix, Applications, and supplier analysis. The market for gypsum plaster was estimated to be worth USD 3.67 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 6.52% between 2025 and 2034. The growing usage of gypsum-based building materials in commercial, industrial, and residential construction is a major factor propelling this market expansion. Furthermore, the swift pace of urbanization and infrastructure development in emerging economies is further fueling the demand for gypsum plaster in extensive construction projects.
By Plaster System Insights
In 2024, the manually applied plaster category led the market and had the highest revenue share. Its appeal stems from its broad use in residential, commercial, and industrial building. Builders and contractors favour conventional hand-applied plaster due to its low cost, simplicity of application, and ability to achieve smooth, customised finishes. Skilled labourers choose it for its greater workability and adherence to a variety of surfaces. The growing demand for high-quality interior finishes in new construction and renovations is also propelling growth in this category.
By Raw Material Insights
The category with the largest revenue share in 2024 was natural gypsum. High-quality gypsum plaster is made by mining and treating natural gypsum. Its constant composition, minimum processing, and low environmental effect make it an ideal choice for construction. The enormous global reserves of natural gypsum in North America, the Middle East, and Asia-Pacific assure a consistent supply for the construction sector. Synthetic gypsum, on the other hand, is predicted to increase significantly as a long-term replacement to natural gypsum production. As a byproduct of industrial processes, it contributes to waste reduction and circular economy activities, which are driven by government rules that promote sustainability.
By End-User Insights
The market was dominated by the residential segment in 2024 because of the emphasis on energy-efficient and sustainable housing options. Gypsum plaster is preferred for its low thermal conductivity, which increases insulation and lowers energy usage. In contrast, the commercial category is predicted to develop the fastest, owing to rising demand for high-quality interior finishes in modern buildings. Gypsum plaster is widely utilised in a variety of commercial applications due to its smooth finish, fire resistance, and durability. Pre-mixed and quick-setting gypsum plaster solutions are becoming more popular as building timeframes shorten.
Regional Insights
The Asia Pacific region led the market, accounting for the highest proportion of revenue in 2024, owing to growing urbanisation and infrastructure advances in key economies such as China, India, Japan and Southeast Asia. The increased demand for inexpensive and high-quality construction materials in the residential, commercial, and industrial sectors is a key factor driving market expansion. Governments in this region are investing heavily in smart city projects, housing complexes and commercial infrastructure, increasing the demand for efficient and sustainable building materials such as gypsum plaster.
Market Competitive Landscape
The global gypsum plaster market is comprised of several key players who significantly influence the industry. Companies such as USG and Saint-Gobain are among the most recognized names in this sector. These firms have established a strong reputation over the years by providing dependable gypsum plaster products that fulfill various construction needs. Their extensive operations and well-developed distribution networks enable them to reach a wide customer base globally, which aids in maintaining their leading market position.
Recent Developments:
In January 2025, Nigeria's BUA Group launched West Africa's largest gypsum plaster facility, with a daily output capacity of 2,400 tons. This strategic initiative is designed to decrease imports, improve regional self-sufficiency, and bolster the local construction sector.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Plaster System, By Raw Material, By End-User |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Saint-Gobain, Knauf Gips KG, Global Gypsum Company Co. LTD, Escayescos, SL, USG Corporation, James Hardie Industries plc, Georgia-Pacific Gypsum II LLC, YOSHINO GYPSUM CO., LTD, Vg-orth GmbH & Co. KG, LA MARUXIÑA. |
Key Topics Covered in the Report
- Global Gypsum Plaster Market Size (FY’2021-FY’2034)
- Overview of Global Gypsum Plaster Market
- Segmentation of Global Gypsum Plaster Market By Plaster System (Manually-applied Plaster, Machine-applied Plaster, Finishes)
- Segmentation of Global Gypsum Plaster Market By Raw Materia (Natural Gypsum, Synthetic Gypsum)
- Segmentation of Global Gypsum Plaster Market By End-User (Residential, Commercial, Industrial)
- Statistical Snap of Global Gypsum Plaster Market
- Expansion Analysis of Global Gypsum Plaster Market
- Problems and Obstacles in Global Gypsum Plaster Market
- Competitive Landscape in the Global Gypsum Plaster Market
- Details on Current Investment in Global Gypsum Plaster Market
- Competitive Analysis of Global Gypsum Plaster Market
- Prominent Players in the Global Gypsum Plaster Market
- SWOT Analysis of Global Gypsum Plaster Market
- Global Gypsum Plaster Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Gypsum Plaster Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Gypsum Plaster Market
7.Global Gypsum Plaster Market, By Plaster System (USD Million) 2021-2034
7.1.Manually-applied Plaster7.2.Machine-applied Plaster7.3.Finishes
8.Global Gypsum Plaster Market, By Raw Material (USD Million) 2021-2034
8.1.Natural Gypsum8.2.Synthetic Gypsum
9.Global Gypsum Plaster Market, By End-User (USD Million) 2021-2034
9.1.Residential9.2.Commercial9.3.Industrial
10.Global Gypsum Plaster Market, (USD Million) 2021-2034
10.1.Global Gypsum Plaster Market Size and Market Share
11.Global Gypsum Plaster Market, By Region, (USD Million) 2021-2034
11.1.Asia-Pacific
11.1.1.Australia11.1.2.China11.1.3.India11.1.4.Japan11.1.5.South Korea11.1.6.Rest of Asia-Pacific
11.2.Europe
11.2.1.France11.2.2.Germany11.2.3.Italy11.2.4.Spain11.2.5.United Kingdom11.2.6.Rest of Europe
11.3.Middle East and Africa
11.3.1.Kingdom of Saudi Arabia11.3.2.United Arab Emirates11.3.3.Qatar11.3.4.South Africa11.3.5.Egypt11.3.6.Morocco11.3.7.Nigeria11.3.8.Rest of Middle-East and Africa
11.4.North America
11.4.1.Canada11.4.2.Mexico11.4.3.United States
11.5.Latin America
11.5.1.Argentina11.5.2.Brazil11.5.3.Rest of Latin America
12.Company Profile
12.1.Saint-Gobain
12.1.1.Company details12.1.2.Financial outlook12.1.3.Product summary12.1.4.Recent developments
12.2.Knauf Gips KG
12.2.1.Company details12.2.2.Financial outlook12.2.3.Product summary12.2.4.Recent developments
12.3.Global Gypsum Company Co. LTD
12.3.1.Company details12.3.2.Financial outlook12.3.3.Product summary12.3.4.Recent developments
12.4.Escayescos, SL
12.4.1.Company details12.4.2.Financial outlook12.4.3.Product summary12.4.4.Recent developments
12.5.USG Corporation
12.5.1.Company details12.5.2.Financial outlook12.5.3.Product summary12.5.4.Recent developments
12.6.James Hardie Industries plc
12.6.1.Company details12.6.2.Financial outlook12.6.3.Product summary12.6.4.Recent developments
12.7.Georgia-Pacific Gypsum II LLC
12.7.1.Company details12.7.2.Financial outlook12.7.3.Product summary12.7.4.Recent developments
12.8.YOSHINO GYPSUM CO., LTD
12.8.1.Company details12.8.2.Financial outlook12.8.3.Product summary12.8.4.Recent developments
12.9.Vg-orth GmbH & Co. KG
12.9.1.Company details12.9.2.Financial outlook12.9.3.Product summary12.9.4.Recent developments
12.10.LA MARUXIÑA
12.10.1.Company details12.10.2.Financial outlook12.10.3.Product summary12.10.4.Recent developments
12.11.Others
13.Conclusion
14.List of Abbreviations
15.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Gypsum Plaster Market is projected to reach USD 6.9 billion by 2034, growing at a CAGR of 6.52% during the forecast period.
Gypsum Plaster Market size from 2025. The Market is expected to reach USD 6.9 billion by 2034, at a CAGR of 6.52% during the forecast period.
Gypsum Plaster Market CAGR of 6.52% during the forecast period.
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Gypsum Plaster Market size is USD 6.9 billion from 2025 to 2034.
Gypsum Plaster Market covered By Plaster System, By Raw Material, By End-User
The North America is anticipated to have the highest Market share in the Gypsum Plaster Market.
Saint-Gobain, Knauf Gips KG, Global Gypsum Company Co. LTD, Escayescos, SL, USG Corporation, James Hardie Industries plc, Georgia-Pacific Gypsum II LLC, YOSHINO GYPSUM CO., LTD, Vg-orth GmbH & Co. KG, LA MARUXIÑA.
The report includes an in-depth analysis of the Global Gypsum Plaster Market, including market size and trends, product mix, Applications, and supplier analysis.
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