| Product Code: ETC412284 | Publication Date: Oct 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Indonesia`s import trend for gypsum-free plaster in 2024 exhibited a notable growth rate of 31.02% compared to the previous year. However, the compound annual growth rate (CAGR) for the period 2020-2024 stood at -1.97%. This decline in the CAGR could be attributed to shifts in demand dynamics or changes in trade policies impacting market stability.
The Gypsum-Free Plaster market in Indonesia is growing due to its applications in the construction and interior design sectors. As urbanization and infrastructure development continue, the demand for high-quality building materials like gypsum-free plaster is expected to increase.
The Indonesia Gypsum-Free Plaster market is witnessing growth due to several factors. Firstly, the construction and building industry is a significant driver as gypsum-free plaster is used for interior and exterior wall finishing. The growth in infrastructure projects and residential construction is boosting the demand for this material. Secondly, the trend towards sustainable and eco-friendly construction materials is encouraging the use of gypsum-free plaster, as it eliminates the need for gypsum, which has environmental concerns associated with its extraction. Furthermore, the ease of application and the ability to achieve smooth and durable finishes make gypsum-free plaster a preferred choice for builders and contractors. Lastly, innovations in plaster formulations, such as improved drying times and crack resistance, are enhancing the material`s market appeal.
Market challenges here could involve competition from traditional plaster materials, fluctuations in construction activity, and the need for consistent product quality. Adapting to changing construction trends and maintaining high standards can be crucial for success.
COVID-19 may have disrupted the construction industry, impacting the demand for plaster products. Lockdowns and supply chain disruptions may have affected production and distribution.
In the Indonesia gypsum-free plaster market, leading players like PT Petrojaya Boral Plasterboard and PT Knauf Gypsum Indonesia dominate the landscape. Gypsum-free plaster is extensively used in construction and interior design. These companies offer high-quality plaster solutions that cater to the growing demand for sustainable and efficient building materials. As the construction sector in Indonesia continues to expand, these players are at the forefront of providing innovative and environmentally friendly plaster products.