Summary

India Gypsum Board Market stood at INR2073.37 crore in 2021 and is projected to grow at a CAGR of 10.78% by 2027, owing to the rising number of residential buildings in which gypsum board is used as a construction material due to its properties like heat resistance, moisture preservation, sound absorbing and fire proofing. There has been an increased demand for gypsum board in commercial spaces such as shops, malls, hotels, and restaurants & offices. Gypsum boards are lightweight, which makes them easier to install. With dynamic consumer sentiments and ever-changing demands leading to absorption of existing and new commercial spaces, there is a need to alter the interior aesthetics of the spaces from time to time. With gypsum boards, interior alterations and renovations become fast, easy, and cheaper as compared to traditional board & lath. Gypsum boards find wide applications in various industries such as power plants, refinery, cement industry, steel, and mining, among others.

Gypsum board is the technical product name used by manufacturers for a specific board with a gypsum core and a paper facing. It is widely used as a construction material in interior designing works. Gypsum board is used as surface material and its applications are prominent in wall and ceiling construction. Various types of gypsum boards are clued wallboard, backing board, core board, fire-resistant gypsum board, water-resistant gypsum board, and gypsum form board.

Based on the Type, the market is segmented into Wall Board, Ceiling Board, Pre-decorated Board, Others. In 2021, Wall Board was the dominating segment by type in India Gypsum Board Market and accounted for a share of 51.69% owing to wide acceptance of wallboards as a substitute to plaster and lath. Also, increasing demand for sustainable construction and growing number of commercial construction projects are accelerating the demand for this segment. Wallboards are the premier building material for residential, commercial, and institutional structures.

By Top 10 States, Maharashtra is the largest market in with a share of 12.42% in the India Gypsum Board Market as of 2021 and is expected to continue dominance in the forecast years as well, due to the increasing construction of commercial and residential buildings in the state, especially in Mumbai. Additionally, rising trend of multi-family buildings and the increasing migration of people from towns to the cities are the other major factors driving the growth of the gypsum board market in Maharashtra.

Some of the major players operating in India Gypsum Board Market are Sakarni Plaster (India) Private Limited, Unity Gyptech Products., INDIA GYPSUM PVT LTD, Saint-Gobain Gyproc India Ltd., Vinayak Gypsum & Interiors Pvt. Ltd., Shubham Plasters, Eros Minerock Products LLP., Gypelite India Private Limited, Gypcore India Pvt Ltd, USG Boral Building Products India Private Limited, Ocean International, among others.
Years Considered for this Report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F-2027F
Objective of the Study:
• To analyze historical growth in the market size of India Gypsum Board Market from 2017 to 2021.
• To estimate and forecast the market size of India Gypsum Board Market from 2022 to 2027.
• To identify the detailed information about the prime factors affecting India Gypsum Board Market.
• To evaluate competitive pricing, average market selling prices and margins in India Gypsum Board Market.
• To examine competitive developments such as new entrants, government policy and investments in India Gypsum Board Market.
• To strategically profile the leading players in the India Gypsum Board Market.
To analyze and forecast India Gypsum Board Market, both top-down and bottom-up approaches have been used. Multiple employees from the leading companies have been interviewed through telephonic conversations to extract and verify the information being collected at the source. A brief study of the major players operating in India Gypsum Board Market was also undertaken. To extract data, primary surveys were conducted with key players and stakeholders in the industry. The future of major players was studied and projects which have commissioned in the country were identified.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
• Gypsum board manufacturers, suppliers, distributors, and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances related to Gypsum Board
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as gypsum board companies, customers, and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.
Report Scope:
In this report India Gypsum Board Market has been segmented into the following categories in addition to the industry trends which have also been listed below:

• India Gypsum Board Market, By Type:
o Wall Board
o Ceiling Board
o Pre-decorated Board
o Others
• India Gypsum Board Market, By Thickness:
o 1/2 inch
o 5/8 inch
o Other Thicknesses
• India Gypsum Board Market, By Application:
o Residential Sector
o Commercial Sector
o Institutional Sector
o Industrial Sector
• India Gypsum Board Market, By Region:
o South
o West
o North
o East
• India Gypsum Board Market, By Top 10 States:
o Maharashtra
o Gujarat
o Tamil Nadu
o Uttar Pradesh
o Karnataka
o Andhra Pradesh
o Telangana
o Madhya Pradesh
o Rajasthan
o Delhi
o Others
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Gypsum Board Market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).

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