Increasing commercial development and rising number of residential buildings to drive the India Gypsum Board Market through 2027.According to TechSci Research report, “India Gypsum Board Market By Type (Wall Board, Ceiling Board, Pre-decorated Board, Others), By Thickness (1/2inch, 5/8inch, Other Thicknesses), By Application (Residential Sector, Commercial Sector, Institutional Sector, Industrial Sector), By Region, By Top 10 States, Competition Forecast & Opportunities, 2017-2027”, India gypsum board market was valued at INR2073.37 crore in 2021 and is projected to grow at a CAGR of 10.78% through 2027, to reach INR3811.65 crore by 2027.
Gypsum board is gaining traction as an alternative to conventional plastering process because of convenience, versatility and quality.
As 50% of India's population is expected to live in the urban areas by 2030, resulting in lack of space, constructing buildings is inevitable, which creates a vast opportunity of growth for gypsum boards market in the country in the upcoming period.Browse 46 market Figures spread through 124 Pages and an in-depth TOC on “India Gypsum Board Market”.https://www.techsciresearch.com/report/india-gypsum-board-market/7966.htmlIndia gypsum board market is segmented into type, thickness, application, regional distribution, and company.
Also, increasing demand for sustainable construction and growing number of commercial construction projects are accelerating the demand for this segment.Based on application, the market can be segmented into residential sector, commercial sector, institutional sector, industrial sector.
Surging demand for housing coupled with growing use of gypsum boards for molding of interior design elements and sculptural forms is expected to contribute to the dominant share of residential sector through 2027.Sakarni Plaster (India) Private Limited, Unity Gyptech Products, INDIA GYPSUM PVT LTD, Saint-Gobain Gyproc India Ltd., Vinayak Gypsum & Interiors Pvt.
Gypsum board market is highly fragmented with Saint-Gobain Gyproc India Ltd. accounting for share of roughly 12% in 2021.Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=7966Customers can also request for 10% free customization on this report.“Maharashtra is the largest market with a share of 12.42% in India Gypsum Board Market as of 2021 and is anticipated to be the dominant state over the forecast years as well, due to the increasing construction of commercial and residential buildings in the state, especially in Mumbai.