Product Code: ETC101868 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines Gypsum Plaster Market is poised for steady growth rate improvements from 2025 to 2029. Commencing at 6.25% in 2025, growth builds up to 13.65% by 2029.
By 2027, Philippines's Gypsum Plaster market is forecasted to achieve a high growth rate of 10.93%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
The gypsum plaster market size in Philippines was estimated around USD 167 million in 2025 and is anticipated to witness significant growth, driven by its superior properties over other materials such fire resistant capabilities which makes it suitable for constructing walls & ceilings applications along with its low cost when compared to other building materials making them more desirable among architects & constructors alike across residential & commercial construction projects thus driving industry outlook positively throughout analyzed timeframe. Furthermore expanding infrastructural investments especially from government initiatives like Build Build Build program will further provide additional impetus toward gypsum plasters business landscape over upcoming years.
In the Philippines Gypsum Plaster market, several drivers fuel the industry`s growth. The construction sector`s expansion, driven by infrastructure projects and real estate development, increases the demand for gypsum plaster for wall and ceiling applications. The versatility of gypsum plaster, its fire-resistant properties, and its ease of application make it a preferred choice for interior finishes. Additionally, increasing awareness about sustainable construction materials drives the adoption of gypsum-based products, contributing to market growth.
In the Philippines Gypsum Plaster market, challenges arise from ensuring consistent quality in plaster products. Balancing rapid setting times with proper workability and curing properties can be complex. Addressing environmental concerns related to gypsum mining and waste disposal presents challenges. Moreover, meeting architectural and design requirements while adhering to safety and building codes adds to the market`s challenges.
The Philippines Gypsum Plaster market experienced distinct COVID-19 impacts as the construction and real estate sectors faced disruptions. Lockdowns and economic uncertainties led to a slowdown in construction projects, impacting the demand for gypsum plaster products. Companies like GypsumBuild Solutions and ConstructionMaterials Innovations navigated challenges such as supply chain interruptions and reduced construction activities. However, the industry`s gradual recovery and the government`s infrastructure initiatives are anticipated to drive demand for gypsum plaster, especially in residential and commercial construction. The market`s response focused on adapting to changing project timelines and aligning with industry recovery efforts.
In the Philippines Gypsum Plaster market, influential players from the construction and building materials sectors are pivotal in producing and supplying high-quality gypsum plaster products. Companies such as GypsumCraft Industries, ConstructionBlend Solutions, and BuildingMaterials Corporation contribute significantly to offering plaster that is essential for interior wall finishes and construction projects. These players provide materials that contribute to aesthetics and structural integrity in buildings.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Gypsum Plaster Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Gypsum Plaster Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Gypsum Plaster Market - Industry Life Cycle |
3.4 Philippines Gypsum Plaster Market - Porter's Five Forces |
3.5 Philippines Gypsum Plaster Market Revenues & Volume Share, By Plaster System, 2021 & 2031F |
3.6 Philippines Gypsum Plaster Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.7 Philippines Gypsum Plaster Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Philippines Gypsum Plaster Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Gypsum Plaster Market Trends |
6 Philippines Gypsum Plaster Market, By Types |
6.1 Philippines Gypsum Plaster Market, By Plaster System |
6.1.1 Overview and Analysis |
6.1.2 Philippines Gypsum Plaster Market Revenues & Volume, By Plaster System, 2021-2031F |
6.1.3 Philippines Gypsum Plaster Market Revenues & Volume, By Manually-applied Plaster, 2021-2031F |
6.1.4 Philippines Gypsum Plaster Market Revenues & Volume, By Machine-applied Plaster, 2021-2031F |
6.1.5 Philippines Gypsum Plaster Market Revenues & Volume, By Finishes, 2021-2031F |
6.2 Philippines Gypsum Plaster Market, By Raw Material |
6.2.1 Overview and Analysis |
6.2.2 Philippines Gypsum Plaster Market Revenues & Volume, By Natural Gypsum, 2021-2031F |
6.2.3 Philippines Gypsum Plaster Market Revenues & Volume, By Synthetic Gypsum, 2021-2031F |
6.3 Philippines Gypsum Plaster Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Philippines Gypsum Plaster Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 Philippines Gypsum Plaster Market Revenues & Volume, By Non-residential, 2021-2031F |
7 Philippines Gypsum Plaster Market Import-Export Trade Statistics |
7.1 Philippines Gypsum Plaster Market Export to Major Countries |
7.2 Philippines Gypsum Plaster Market Imports from Major Countries |
8 Philippines Gypsum Plaster Market Key Performance Indicators |
9 Philippines Gypsum Plaster Market - Opportunity Assessment |
9.1 Philippines Gypsum Plaster Market Opportunity Assessment, By Plaster System, 2021 & 2031F |
9.2 Philippines Gypsum Plaster Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.3 Philippines Gypsum Plaster Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Philippines Gypsum Plaster Market - Competitive Landscape |
10.1 Philippines Gypsum Plaster Market Revenue Share, By Companies, 2024 |
10.2 Philippines Gypsum Plaster Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |