India Gypsum-free Plaster Market Top 5 Importing Countries and Market Competition (HHI) Analysis
India`s gypsum-free plaster import market in 2024 continued to be dominated by key exporting countries such as Thailand, Germany, Turkey, UK, and Oman. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, with limited competition among suppliers. The compound annual growth rate (CAGR) from 2020 to 2024 stood at 3.77%, demonstrating steady growth in demand. Additionally, the growth rate for 2023-2024 was 2.65%, reflecting a slightly slower but still positive trend in import shipments, suggesting sustained interest in gypsum-free plaster products within the Indian market.

India Gypsum-Free Plaster Market is growing on account of rising demand for sustainable construction materials. In general, Gypsum-free plaster is made from natural ingredients and does not release any toxic substances making it a safer and more ecological selection compared to other traditional gypsum plaster. Additionally, gypsum-free plaster is easier to apply which can lead to energy savings in both commercial buildings and residential buildings. Further, the government support for sustainable construction practices in India is another growth driver for market expansion. However, there is lack of awareness about gypsum-free plaster among consumers in India and due to its high cost, the market faces several challenges in order to grow further.
Key Highlights of the Report:
- India Gypsum-Free Plaster Market Outlook
- Market Size of India Gypsum-Free Plaster Market, 2021
- Forecast of India Gypsum-Free Plaster Market, 2028
- Historical Data and Forecast of India Gypsum-Free Plaster Revenues & Volume for the Period 2018 - 2028
- India Gypsum-Free Plaster Market Trend Evolution
- India Gypsum-Free Plaster Market Drivers and Challenges
- India Gypsum-Free Plaster Price Trends
- India Gypsum-Free Plaster Porter's Five Forces
- India Gypsum-Free Plaster Industry Life Cycle
- Historical Data and Forecast of India Gypsum-Free Plaster Market Revenues & Volume By Product Type for the Period 2018 - 2028
- Historical Data and Forecast of India Gypsum-Free Plaster Market Revenues & Volume By Modified Quick Binding High Strength Cement for the Period 2018 - 2028
- Historical Data and Forecast of India Gypsum-Free Plaster Market Revenues & Volume By Quick Binding Cement Lute for the Period 2018 - 2028
- Historical Data and Forecast of India Gypsum-Free Plaster Market Revenues & Volume By Gypsum Free Quick Binding High Strength Cement for the Period 2018 - 2028
- Historical Data and Forecast of India Gypsum-Free Plaster Market Revenues & Volume By Quick Setting High Strength Cement for the Period 2018 - 2028
- Historical Data and Forecast of India Gypsum-Free Plaster Market Revenues & Volume By Application for the Period 2018 - 2028
- Historical Data and Forecast of India Gypsum-Free Plaster Market Revenues & Volume By Ordinary Portland for the Period 2018 - 2028
- Historical Data and Forecast of India Gypsum-Free Plaster Market Revenues & Volume By White for the Period 2018 - 2028
- Historical Data and Forecast of India Gypsum-Free Plaster Market Revenues & Volume By Aluminous for the Period 2018 - 2028
- Historical Data and Forecast of India Gypsum-Free Plaster Market Revenues & Volume By Others for the Period 2018 - 2028
- India Gypsum-Free Plaster Import Export Trade Statistics
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By Application
- India Gypsum-Free Plaster Top Companies Market Share
- India Gypsum-Free Plaster Competitive Benchmarking By Technical and Operational Parameters
- India Gypsum-Free Plaster Company Profiles
- India Gypsum-Free Plaster Key Strategic Recommendations