India Gypsum Plaster Market: Analysis of Industry Size, Share, and Competition
Growing application of gypsum plaster and its usage in residential sector to drive the India Gypsum Plaster Market through 2027. According to TechSci Research report, “ India Gypsum Plaster Market By Application (Red Bricks, Concrete Blocks, RCC Surface, Others), By Packaging Size (Less than 10 Kg, 10-20 Kg, 21-25 Kg, Above 25 Kg), By End User Industry (Residential, Offices, Retail, Industrial, Schools, Infrastructure, Hospitality, Hospitals), By Region, Competition Forecast & Opportunities, 2017-2027 ” , India gypsum plaster market was valued at INR495.69 crore in 2020 and is projected to grow at a CAGR of 6.13% to reach INR677.36 crore by 2027. The growth in the India gypsum plaster market can be ascribed to increased construction activities to accommodate growing population. As part of the “Housing for All” scheme and infrastructure reforms enacted by the government, gypsum plaster demand is forecast to surge in the next five years. In the Union Budget, 2020, Finance Ministry