India Gypsum Board Market Size Share Growth Forecast 2025-2033
- Lakshy Gagda
- Apr 2
- 4 min read
India Gypsum Board Market Overview
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 1,036.10 Million
Market Forecast in 2033: USD 1,575.99 Million
Market Growth Rate 4.80% 2025-2033
The Indian gypsum board market is experiencing substantial growth, driven by increasing construction activities, rising demand for interior decoration, and the growing preference for lightweight and fire-resistant building materials. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 11.2% from 2024 to 2032.
India Gypsum Board Market Trends and Drivers:
The present state of the India gypsum board market is constantly growing owing to urbanization as well as construction growth in the country. The increasing activities in residential and commercial constructions are stimulating the market demand at a considerable level since gypsum boards provide versatile and effective building solutions. On the other hand, the market growth has been increased by the rising demand for low-cost, lightweight, and fire-resistant building materials.
Besides the easy installation advantage, gypsum boards are also more productive compared with other materials. Increased awareness about sustainable construction practices is another area driving the use of gypsum boards, as they are considered both eco-friendly and recyclable. Infrastructure development initiatives set by the government are an important factor in creating a favorable environment for market expansion. Increased demand for interior designing and renovation further adds to the market growth. A promising demand for both new and renovation projects is created by the expanding real estate sector in Tier I and Tier II cities. Thus, urbanization, sustainable practices, and government support ensure the continued growth of the Indian gypsum board market.
Key market drivers propel the India gypsum board market in terms of product type and end-use segment. The standard gypsum board segment continues to hold a considerable market share due to its flexibility and various application ranges. The fire-resistant gypsum board segment continues to reflect steep growthbased onf expansion in the demand for safety installations in buildings. Growth is also seen in the moisture-resistant gypsum board segment, where applications at relatively higher humidity areas, such as bathrooms and kitchens, are increasing. Major segments of the residential end-use include apartments, villas, and individual houses.
An increase in demand is also seen in the commercial end-use segment with the increasing demand for office space, retail outlets, and hospitality facilities. The industrial end-use segment is continuously growing because of factory and warehouse construction. The metropolitan areas and the cities that emerge as fast-developing cities have greater activity within the market. Pre-fabricated construction and modular building solutions have put further emphasis on the adoption of gypsum.
Looking ahead, the Indian gypsum board market is poised for continued growth, driven by ongoing urbanization and increasing infrastructure development. The development of innovative gypsum board products with enhanced performance characteristics is expected to further stimulate market demand. The increasing focus on green building certifications and sustainable construction practices is driving the adoption of eco-friendly gypsum boards.
The expansion of renovation and remodeling activities is creating new market opportunities.
The integration of digital technologies, such as Building Information Modeling (BIM), is enhancing the efficiency of gypsum board installations. The increasing collaboration between gypsum board manufacturers and construction companies is driving product innovation and market penetration. The development of efficient distribution and logistics networks is crucial for ensuring timely delivery and availability of gypsum boards. The consistent growth in the construction sector and the increasing demand for sustainable building materials are ensuring a robust and dynamic market environment.
India Gypsum Board Market Report Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest India Gypsum Board Market. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
Product Type Insights:
Wallboard
Ceiling Board
Pre-decorated Board
Others
End Use Insights:
Residential
Corporate
Commercial
Institutional
Regional Insights:
North India
South India
East India
West India
For an in-depth analysis, you can refer to a sample copy of the report:
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Key highlights of the report:
Market Performance (2018-2023)
• Market Outlook (2024-2032)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current, and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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