| Product Code: ETC412283 | 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 |
In the Singapore gypsum-free plaster market, the import trend experienced a -1.34% decline from 2023 to 2024, with a notable compound annual growth rate (CAGR) of 14.4% from 2020 to 2024. This decline in import momentum in 2024 could be attributed to shifts in demand or changes in trade policies impacting market stability.
The Singapore gypsum-free plaster market offers construction materials used for wall finishing and decoration. Market trends are influenced by architectural preferences, product quality, and adherence to construction standards to meet the demands of the construction and interior design industries.
The Singapore gypsum-free plaster market is anticipated to expand due to its applications in construction and medical industries. Gypsum-free plaster is used for medical casting and orthopedic purposes. In the construction sector, it is employed for wall and ceiling finishes. As these industries evolve and seek alternatives to traditional materials, gypsum-free plaster is expected to gain prominence, contributing to market growth.
The gypsum-free plaster market in Singapore confronts challenges related to plaster formulation, performance, and market competition. Gypsum-free plaster is used in construction and building applications, and ensuring its strength and durability is vital. Navigating plaster formulation, addressing concerns about performance standards, and meeting market demand for sustainable construction materials are key challenges for market viability.
The gypsum-free plaster market in Singapore faced challenges during the COVID-19 pandemic. With disruptions in construction projects and changes in demand for building materials, the market adjusted to evolving construction needs. Gypsum-free plaster manufacturers adapted by emphasizing eco-friendly and versatile plaster solutions. The pandemic emphasized the significance of sustainable and efficient building materials, influencing market strategies.
In the Singapore gypsum-free plaster market, key players could include construction material manufacturers and suppliers specializing in innovative plaster solutions. Companies like Saint-Gobain, known for their construction materials division, and local distributors offering gypsum-free plaster products cater to the construction and building industry.