Indonesia Gypsum Market: Import Trend Analysis
In the Indonesia gypsum market, the import trend showed a marginal growth rate of 0.14% from 2023 to 2024, with a compound annual growth rate (CAGR) of -1.32% for the period 2020-2024. This decline in CAGR could be attributed to fluctuations in demand or changes in trade policies impacting market stability.
Gypsum Market: Indonesia vs Top 5 Major Economies in 2027 (Asia)
By 2027, Indonesia's Gypsum market is forecasted to achieve a high growth rate of 10.50%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
Indonesia Gypsum Market Synopsis
The gypsum market in Indonesia refers to the industry involved in the extraction, processing, and distribution of gypsum, a mineral used in various industries such as construction, agriculture, and manufacturing. Gypsum is primarily used in the production of plasterboard, cement, fertilizers, and as a soil amendment.
Market Trends
The construction sector in Indonesia is experiencing significant growth, driven by infrastructure development, commercial and residential construction projects, and urbanization. Gypsum is widely used in construction materials, such as plasterboard and cement, contributing to the growth of the gypsum market. There is a rising demand for sustainable and environmentally friendly building materials. Gypsum-based products, such as plasterboard, are favored due to their recyclability, fire resistance, and sound insulation properties. Gypsum is used as a soil conditioner in agriculture to improve soil structure, drainage, and nutrient availability. With a focus on enhancing agricultural productivity and sustainability, gypsum finds application in farming and horticulture.
Market Drivers
The Indonesia government`s focus on infrastructure development, including transportation systems, energy facilities, and housing projects, drives the demand for gypsum-based materials in construction. Indonesia growing population and urbanization trends lead to increased demand for housing and infrastructure, further fueling the construction industry and, consequently, the gypsum market. Stable economic conditions, increased investment, and rising disposable incomes contribute to the growth of the construction industry and the demand for gypsum products.
COVID-19 Impact on the Market
The COVID-19 pandemic had a notable impact on the gypsum market in Indonesia. Construction activities were temporarily halted or delayed due to lockdowns and restrictions, affecting the demand for gypsum. However, as economic activities resume and construction projects are revived, the market is expected to recover.
Challenges of the Market
Gypsum mining and processing can have environmental impacts, including land degradation and water pollution. Sustainable mining practices and adherence to environmental regulations are essential challenges for the industry. Gypsum faces competition from alternative materials, such as calcium silicate boards and fiber cement boards. Ensuring the cost-effectiveness and advantages of gypsum-based products over substitutes is crucial for market growth.
Industry Key Players
PT Saint-Gobain Construction Products Indonesia, PT Siam-Indo Gypsum Industry, PT Knauf Gypsum Indonesia, PT Citra Gypsum Utama, PT Plafon Perdana Abadi.
Key Highlights of the Report:
- Indonesia Gypsum Market Outlook
- Market Size of Indonesia Gypsum Market, 2025
- Forecast of Indonesia Gypsum Market, 2032
- Historical Data and Forecast of Indonesia Gypsum Revenues & Volume for the Period 2022-2032F
- Indonesia Gypsum Market Trend Evolution
- Indonesia Gypsum Market Drivers and Challenges
- Indonesia Gypsum Price Trends
- Indonesia Gypsum Porter's Five Forces
- Indonesia Gypsum Industry Life Cycle
- Historical Data and Forecast of Indonesia Gypsum Market Revenues & Volume By Type for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Gypsum Market Revenues & Volume By Impression Plaster for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Gypsum Market Revenues & Volume By Model Plaster for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Gypsum Market Revenues & Volume By Dental Stone for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Gypsum Market Revenues & Volume By Dental Stone High Strength for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Gypsum Market Revenues & Volume By Dental Stone High Expansion for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Gypsum Market Revenues & Volume By Seting Type for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Gypsum Market Revenues & Volume By Hygroscopic Setting Expansion for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Gypsum Market Revenues & Volume By Normal Setting Expansion for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Gypsum Market Revenues & Volume By Application for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Gypsum Market Revenues & Volume By Pre-Engineered Metal Buildings for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Gypsum Market Revenues & Volume By Residential for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Gypsum Market Revenues & Volume By Industrial for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Gypsum Market Revenues & Volume By Commercial for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Gypsum Market Revenues & Volume By Institutional for the Period 2022-2032F
- Indonesia Gypsum Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Seting Type
- Market Opportunity Assessment By Application
- Indonesia Gypsum Top Companies Market Share
- Indonesia Gypsum Competitive Benchmarking By Technical and Operational Parameters
- Indonesia Gypsum Company Profiles
- Indonesia Gypsum Key Strategic Recommendations
