India Gypsum Plaster Market Size, Share, Growth & Forecast 2030

1. PUBLISHED : AUGUST 2020 2015 – 2030 INDIA GYPSUM PLASTER MARKET COMPETITION, FORECAST AND OPPORTUNITIES © TechSci Research www.techsciresearch.com M A R K E T I N T E L L I G E N C E . C O N S U L T I N G 1

2. Table of Contents S. No. Contents 1. Product Overview 2. Research Methodology 3. Impact of COVID-19 on Global and Indian Gypsum Plaster Market 4. Executive Summary 5. India Gypsum Plaster Production Overview 6. India Gypsum Plaster Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value & Volume 6.2. Market Share & Forecast 6.2.1. By Application (Red Bricks, Concrete Blocks, RCC Surface, Sand Cement) 6.2.2. By Packaging Size (Up to 5 Kg, 5-10 Kg, 10-20 Kg, 20-25 Kg, Above 25 Kg) By End User Industry (Residential, Offices, Retail, Industrial, Schools, Transport, Hospitality, Hospitals, Others) 6.2.3 6.2.4. By Zone (North, West A & B, Central, South and East) 6.2.5. By Company (2020) 6.3. Product Market Map 7. South India Gypsum Plaster Market Outlook 7.1. Market Size & Forecast © TechSci Research 7.1.1. By Value & Volume 7.2. Market Share & Forecast 7.2.1. By Application 2

3. Ta b l e o f C o n te n t s Table of Contents S. No. Contents 7.2.2. By Packaging Size 7.2.3. By End User Industry 7.2.4. By State (By State (Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, Telangana) 7.3. Competition Outlook 8. North India Gypsum Plaster Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value & Volume 8.2. Market Share & Forecast 8.2.1. By Application 8.2.2. By Packaging Size 8.2.3. By End User Industry 8.2.4. By State (Delhi, Haryana, Punjab, Rajasthan, Others) 8.3. Competition Outlook 9. West B India Gypsum Plaster Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value & Volume 9.2. Market Share & Forecast © TechSci Research 9.2.1. By Application 9.2.2. By Packaging Size 9.2.3. By End User Industry 3

4. Ta b l e o f C o n te n t s Table of Contents S. No. Contents 9.2.4. By State (By State (Maharashtra, Chhattisgarh, Goa) 9.3. Competition Outlook 10. West A India Gypsum Plaster Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value & Volume 10.2. Market Share & Forecast 10.2.1. By Application 10.2.2. By Packaging Size 10.2.3. By End User Industry 10.2.4. By State (By State (Gujarat, Madhya Pradesh) 10.3. Competition Outlook 11. Central India Gypsum Plaster Market Outlook 11.1. Market Size & Forecast 11.1.1. By Value & Volume 11.2. Market Share & Forecast 11.2.1. By Application 11.2.2. By Packaging Size © TechSci Research 11.2.3. By End User Industry 11.2.4. By State (By State (Bihar, Jharkhand, UP, Uttarakhand) 11.3. Competition Outlook 4

5. Ta b l e o f C o n te n t s Table of Contents S. No. Contents 12. East India Gypsum Plaster Market Outlook Market Size & Forecast 12.1. 12.1.1. By Value & Volume 12.2. Market Share & Forecast 12.2.1. By Application 12.2.2. By Packaging Size 12.2.3. By End User Industry 12.2.4. By State (West Bengal, Odisha, North Eastern State)) 12.3. Competition Outlook 13. Market Dynamics 13.1. Drivers 13.2. Challenges 14. Market Trends & Developments 15. Policy & Regulatory Landscape 16. Import Export Analysis (Crushed Gypsum, Powder Gypsum) © TechSci Research 17. India Economic Profile 18. Pricing Analysis (Domestic Vs Import) 5

6. Ta b l e o f C o n te n t s Table of Contents S. No. Contents 19. Competition Profiling 19.1. Sakarni Plaster (India) Private Limited 19.2. Saint Gobain Gyproc India Ltd. 19.3. J.K. Lakshmi Cement Ltd. 19.4. Walplast Products Pvt. Ltd. 19.5. Shriram Cement Works 19.6. Kaya Maya Industries 19.7. TMC Gypsum India Ltd. 19.8. Birla White 19.9. VV Paiint India Gypsum Pvt. Ltd. 19.10. 20. Strategic Recommendations 21. About Us & Disclaimer © TechSci Research 6

7. Product Overview

8. Scope of Report Product of Interest (POI): Gypsum Plaster Gypsum plaster is a white cementing material produced by dehydration of the mineral gypsum, with help of special retarders or hardeners. The gypsum plaster material can be applied directly on any solid or hollow blocks, AAC blocks, plaster boards or concrete surface to form a smooth surface. It offers good insulation, fire resistance and impact resistance properties. Market Segmentation BY ZONE BY APPLICATION Year Range North • Red Bricks • INDIA GYPSUM PLASTER MARKET INDIA GYPSUM PLASTER MARKET East • Concrete Blocks • Review Period West A & B • RCC Surface • 2015 – 2019 South • Sand Cement • Central • Base Year END USER INDUSTRY BY PACKAGING 2020 Up to 5 Kg • Residential • Estimated Year 5 - 10 Kg • Offices • 2021 10 - 20 Kg • Retail • 20 - 25 Kg • Industrial • Forecast Period © TechSci Research Above 25 Kg • Schools • 2022 – 2030 Transport • Hospitality • Hospitals • Others • 8

9. Research Methodology

10. Research Methodology Market Profiling Data Analysis Data Collection Data Developing List of Respondents Formulating Questionnaire Validation TechSci Research conducted interviews with industry experts and industry players for data collection and verification. The data was scrutinized using MS-Excel and statistical tools such as Time Series Analysis, etc. to obtain qualitative and quantitative insights about India gypsum plaster market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. In-depth secondary research was conducted to determine top players in India gypsum plaster market, overall market and size and segmental market share. In order to conduct industry experts’ interviews, TechSci formulated a detailed questionnaire. List of industry players, distributors, and industry specialists was developed. Primary Research Desk Research Company Analysis Market Participants Key Strengths Product Differentiation ✓ ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Final Conclusion ✓ ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews ✓ ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ TechSci Internal Database LinkedIn ✓ Data Filter & Analysis Business Solution Actionable Insights Research & Intelligence ✓ © TechSci Research Data Collection ✓ ✓ ✓ ✓ ✓ 10 10

11. Research Methodology Baseline Methodology: For the study, TechSci Research has gathered information through primary research surveys with leading gypsum plaster manufacturers, providers and importers. We have also put through an exhaustive search of credible paid databases such as Business Week, Factiva, etc., including our internal database. Our team of analysts has then prudently evaluated all the collected information and presented the same in chronological order to depict a meaningful and clear picture of the India gypsum plaster market. While compiling the data, we have also cross-checked all the collected information from multiple sources and data warehouses, to present the most accurate and precise information of the concerned industry. Sampling Technique: While conducting the study, TechSci Research followed the stratified random sampling technique to shortlist the Key Opinion Leaders (KOLs) in various gypsum plaster companies/dealers & distributors operating in India. KOLs based out of prominent gypsum plaster companies/dealers & distributors were interviewed to assess the India gypsum plaster market. Sample Size: Type of Respondents No. of Respondents Mid to Senior Management, Sales Managers of gypsum plaster companies / Dealers & Distributors 40 © TechSci Research Industry Experts 10 Total 50 11 11

12. Research Methodology Market Size Calculation Technique: Primary Research For the preparation of ‘India gypsum plaster market’ report, bottom-up model has been used, which has been later cross validated by using top-down approach. TechSci Research interviewed senior managers and regional sales managers of the prominent gypsum plaster companies/dealers & distributors using Delphi technique for calculating the India gypsum plaster market size. Respondents were also asked about the current and future growth rates, market share by application, by purity, by pack size, etc. All the information gathered was carefully analyzed, and data points which exhibited high deviations from the majority estimates were eliminated as outliers and the remaining refined data points were put together to arrive at the data. Primary Research – Few of the Manufacturing Companies and/or their Dealers Interviewed S. No. Names of Companies and/or their Dealers Interviewed 1. J.K. Lakshmi Cement Ltd. 2. Shriram Cement Works 3. Sakarni Plaster (India) Private Limited 4. Walplast Products Pvt. Ltd. 5. Saint Gobain Gyproc India Ltd. © TechSci Research *Note: The data given for any year represents the Market during the period i.e. 1stApril of the previous year to 31stMarch of that year. eg: For 2021E, the data represents the period, 1stApril 2020 to 31stMarch 2021. 12 12

13. Research Methodology Secondary Research: We have put through an exhaustive search of credible databases in addition to our internal database. Further analysis of credible publications, white papers, company annual reports, investor presentations, news articles, etc., was also done to cross validate the end findings derived from primary research. S. No. Few of the Secondary Sources/Associations 1. Ministry of Corporate Affairs 2. Ministry of Housing & Urban Affairs 3. Ministry of Commerce 4. Annual Reports 5. Cement Manufacturers Association 6. World Bank 7. UN Comtrade 8. International Monetary Fund Forecasting Technique: The team has developed the forecast on the basis of econometric and judgemental analysis in addition to statistical techniques such as averaging and geometric mean. During primary research interview, questions regarding historical sales trend of gypsum plaster in India were put forward. Respondents were asked about the current and future growth rates, market share of gypsum plaster in India. In order to forecast the India gypsum plaster market, following forecast techniques © TechSci Research were used: Time Series Analysis Econometric and Judgmental Analysis Moving Average • • • 13 13

14. Industry Brief According to TechSci Research report, “India Gypsum Plaster Market By Application (Red Bricks, Concrete Blocks, RCC Surface, Sand Cement), By Packaging Size (Up to 5 Kg, 5-10 Kg, 10-20 Kg, 20-25 Kg, Above 25 Kg), By End Use (Residential, Offices , Retail, Industrial, Schools, Transport, Hospitality, Hospitals, Others), By Region, Forecast & Opportunities, 2030”, India gypsum plaster market was valued INR 440.36 crore in 2020 and is forecast to reach INR 612.95 crore, growing at a CAGR of 5.81% during the forecast period. Anticipated growth in the market can be attributed to introduction of 100% Foreign Direct Investment (FDI) for gypsum products by Indian government coupled with rapid infrastructural activities in the country. The growing requirement for less time consuming plastering methods is also acting as a key growth driver for this market as gypsum plaster takes less curing time, when compared to other conventional plasters. Moreover, use of gypsum plaster aids to faster construction, reduce POP cost, and reduction in electricity cost. This kind of plaster carries high thermal insulation feature, thereby can help in reducing structural load of building and save energy cost. Additionally, increasing per capita disposable income of India is leading to rising expenditure on housing and infrastructure development. This is expected to provide huge growth opportunities for gypsum plaster manufactures. Furthermore, boost in tourism sector which tends to increase the demand for hotels and other commercial complexes is also anticipated to drive the growth of India gypsum plaster market in coming years. However, the market is also facing some challenges. High cost of gypsum plasters when compared to cement line plasters is hampering the market growth. Apart from this, gypsum plasters are soluble in water and which makes them not suitable for external finishing. India gypsum plaster market is segmented based on based on application, packaging size, end use and zone. Based on end use, the market can be segmented into residential, offices , retail, industrial, schools, transport, hospitality, hospitals and others. Among these, residential sector is expected to undergo rapid growth in the market through 2030 owing to increasing demand for housing across all regions. Furthermore, builders and construction companies are increasingly preferring to use gypsum plasters for molding of interior design elements and sculptural forms as gypsum plaster when combined with water, becomes malleable and easy to shape. Major players operating in the India gypsum plaster market include JK Lakshmi Cement Ltd, Saint-Gobain Gyproc India, Sakarni Plaster (India) Private Limited, Shriram Cement Works, TMC Gypsum India Ltd, Walplast Products Pvt. Ltd., India Gypsum Pvt Ltd, Kaya Maya Industries, V V Paiint and TMC Gypsum India Ltd. © TechSci Research “South zone is the dominant zone in India gypsum plaster market accounting for a share of 35% in 2020, due to more usage of gypsum plaster in this zone. Use of gypsum plaster in the south zone is growing owing to the ongoing infrastructural projects in the zone, with major focus towards getting high strength, high ductility and fire proofing of the application area.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 14

15. Sample Data - Snapshot India Gypsum Plaster Market Size, By Value (INR Crore), By Volume (Thousand Tonne), 2015-2030F CAGR (2015-2020) By Value: xx% By volume: xx% CAGR (2021E-2030F) By Value: xx% By volume: xx% 2015 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F Value (INR Crore) Volume (Thousand Tonne) India Gypsum Plaster Market Share, By Application, By Value, 2015-2030F 2015 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F Red Bricks 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% RCC Surface 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% Concrete Blocks 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% Sand Cement 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% India Gypsum Plaster Market Share, By Packaging, By Value, 2015-2030F 2015 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F © TechSci Research Above 25 kg 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 20-25 kg 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 10-20 kg 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 5-10 kg 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% Up to 5 kg 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 15

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