| Product Code: ETC412286 | Publication Date: Oct 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Vietnam gypsum-free plaster market is witnessing substantial growth due to its increasing use in construction and building projects. Gypsum-free plaster offers advantages such as faster drying times and improved workability, making it an attractive alternative to traditional gypsum-based plasters. The construction boom in Vietnam, driven by urbanization and infrastructure development, has significantly contributed to the market`s expansion. Builders and contractors are increasingly adopting gypsum-free plaster for its cost-efficiency and ease of application, further boosting its market share.
The Vietnam gypsum-free plaster market is thriving due to the construction and real estate boom in the country. Gypsum-free plaster is a versatile building material used for wall finishing and repairs. With a growing urban population and increased infrastructure development, there is a high demand for construction materials like gypsum-free plaster. The market is also influenced by eco-friendly construction practices, with consumers and builders opting for sustainable building materials, thus driving the demand for gypsum-free plaster alternatives.
Challenges in the gypsum-free plaster market include the need for constant product innovation and competition from alternative building materials. Regulatory compliance and meeting customer expectations for eco-friendly and cost-effective solutions are ongoing challenges.
The Vietnam gypsum-free plaster market encountered challenges during the COVID-19 pandemic. Gypsum-free plaster is used in construction and renovation projects, and the lockdowns and restrictions affected the construction industry`s operations. Reduced economic activity and uncertainty led to delays in construction projects, impacting the demand for plaster products. Manufacturers had to adjust their production schedules and explore alternative distribution channels to adapt to the changing market conditions.
Key players in the Vietnam gypsum-free plaster market include Vinh Tuong Industrial Group and Knauf Vietnam. These companies are prominent in manufacturing and distributing gypsum-free plaster products for the construction sector.