Global Gypsum Plaster Market to Surpass USD 4.92 Billion by 2030, Driven by Green Construction and Prefab Trends

The global gypsum plaster market is projected to reach USD 3.41 billion by 2024, expanding at a CAGR of 6.3% from 2025 to 2030. This growth is fueled by rising demand for sustainable, cost-effective building materials, as well as increasing adoption of gypsum-based products across the residential, commercial, and industrial construction sectors. Gypsum plaster’s superior fire resistance, acoustic insulation, and ease of application make it an attractive alternative to traditional cement plaster.

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Market Landscape & Competitive Dynamics

The gypsum plaster market shows moderate-to-high concentration, dominated by major players with advanced production capabilities and broad product portfolios. Companies are increasingly focused on eco-friendly, quick-setting, and moisture-resistant formulations, alongside automated application technologies. This innovation-driven environment, paired with strong regional supply chains, is shaping a competitive and dynamic global market.

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Governments and regulatory bodies worldwide are encouraging sustainable construction through frameworks like LEED and BREEAM, further favoring gypsum plaster. However, the market still faces competition from cement, lime plaster, and synthetic coatings, especially in regions with strong local preferences or lower construction budgets.

Plaster System Insights

  • Manual Application: Holding a 46.3% revenue share in 2024, traditional hand-applied methods remain dominant due to cost-effectiveness and versatility. Widely used in residential and commercial projects, they enable precise finishes and are favored for architectural detailing.

  • Machine-Applied Plaster: Expected to grow rapidly, driven by a need for productivity, consistency, and labor optimization. Automated methods are ideal for large-scale developments, offering faster completion times and reduced costs.

Raw Material Trends

  • Natural Gypsum: Accounted for 67.7% of market revenue in 2024. Its purity, availability, and low processing requirement make it a preferred choice across global construction sectors.

  • Synthetic Gypsum: Poised for fastest growth (6.5% CAGR), as sustainability goals drive interest in waste-to-resource materials like FGD gypsum from coal-fired power plants.

End-use Insights

  • Residential Sector: Leading with a 44.0% revenue share in 2024, residential construction benefits from gypsum plaster’s thermal insulation, smooth finish, and low environmental impact.

  • Commercial Sector: Anticipated to grow at 7.4% CAGR, driven by demand for premium interior finishes in hotels, offices, malls, and institutional buildings. Pre-mixed and fast-drying plasters are increasingly used for efficient project execution.

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