February 2025
The global gypsum plaster market size is calculated at USD 3.83 billion in 2025 and is forecasted to reach around USD 6.70 billion by 2034, accelerating at a CAGR of 6.41% from 2025 to 2034. The Asia Pacific market size surpassed USD 1.69 billion in 2024 and is expanding at a CAGR of 6.52% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
The global gypsum plaster market size accounted for USD 3.60 billion in 2024 and is predicted to increase from USD 3.83 billion in 2025 to approximately USD 6.70 billion by 2034, expanding at a CAGR of 6.41% from 2025 to 2034. The market is expanding rapidly due to increasing demand for lightweight, fire-resistant construction materials, offering advantages like easy application, quick setting, and better fire resistance than traditional cement plaster.
Artificial intelligence (AI) is revolutionizing the gypsum plaster market by enabling advancements in manufacturing, product development, and application, resulting in increased efficiency, quality, and sustainability. AI-powered systems can optimize production processes, automate tasks, and improve efficiency, reducing costs and increasing output. Recent advancements include AI-driven quality control, smart manufacturing techniques, and the development of new plaster formulations. AI can analyze customer data to develop tailored gypsum plaster solutions for specific construction needs, enhancing versatility and market competitiveness.
The Asia Pacific gypsum plaster market size was exhibited at USD 1.69 billion in 2024 and is projected to be worth around USD 3.18 billion by 2034, growing at a CAGR of 6.52% from 2025 to 2034.
Strong Government Backing in Asia Pacific
Asia Pacific dominated the gypsum plaster market in 2024, due to a combination of factors, including rapid urbanization, government-led infrastructure projects, and increasing demand for affordable housing. Countries in the region, such as China and India, are experiencing rapid growth, leading to a surge in demand for housing and commercial buildings, thus increasing the need for construction materials like gypsum plaster. Government initiatives like Housing for All and increasing Foreign direct investments in the construction sector are driving demand for gypsum plaster, a cost-effective and durable material.
India: A Hub for Development and Innovation
India plays an important role in the gypsum plaster market because the rapid urbanization of India, propelled by population growth and migration to urban centers, creates a massive demand for new housing, commercial buildings, and infrastructure projects. The focus of the government of India on affordable housing and infrastructure development, including New India initiatives, is boosting construction activity, leading to increased demand for gypsum plaster.
China: A Key Force in the Gypsum Plaster Industry
China contributes significantly to the gypsum plaster market because of rapid industrialization and urbanization of China are driving the need for factories, manufacturing plants, stadiums, and office buildings, all of which require construction materials like gypsum plaster. As per capita income rises in China, consumers are increasingly opting for modern, more durable building materials like gypsum plaster, further driving its demand. The construction of high-rise buildings in major Chinese cities, like Shanghai and Beijing, exemplifies the impact of urbanization and industrialization on the market, as these projects require large quantities of this material for interior walls and ceilings.
Strong Healthcare Infrastructure of North America
North America is anticipated to grow at the fastest rate in the market during the forecast period, because of infrastructure development, government initiatives, and a growing preference for eco-friendly and efficient construction materials. Government support for affordable housing, sustainable building practices, and infrastructure development is fostering the adoption of gypsum plaster. Furthermore, technological advancements and manufacturing processes have led to the development of high-performance gypsum plaster products that offer improved durability and sustainability.
The U.S. Market Trends
The U.S. dominated the gypsum plaster market in North America because the U.S. economy, with its robust growth and active construction industry, fuels significant demand for gypsum plaster. The increasing focus on green building practices and sustainable construction in the U.S. leads to higher demand for gypsum plaster. Furthermore, the U.S. has many prominent gypsum plaster manufacturers and producers, such as Georgia-Pacific Gypsum, National Company Gypsum Services, and Synthetic Materials play a key role in meeting the demand for gypsum plaster in the U.S.
Large and Developed Construction Sector of Europe
Europe is a notable region for the gypsum plaster market due to a large and developed construction sector, a strong focus on renovation and refurbishment, and the use of gypsum plaster in various applications, including interior walls and ceilings. Germany, for example, is a key player in the European market, driven by its technological advancements and the increasing use of plasterboard and other gypsum-based products in construction.
The gypsum plaster market involves the production and distribution of gypsum plaster, a common building material made from gypsum (calcium sulfate dihydrate), a naturally occurring mineral. The market is experiencing growth, particularly in developing regions, driven by the booming construction sector and the superior functional and physical properties of gypsum plaster compared to traditional cement plaster.
Report Coverage | Details |
Market Size by 2034 | USD 6.70 Billion |
Market Size in 2025 | USD 3.83 Billion |
Market Size in 2024 | USD 3.60 Billion |
Market Growth Rate from 2025 to 2034 | CAGR of 6.41% |
Dominated Region | Asia Pacific |
Fastest Growing Market | North America |
Base Year | 2024 |
Forecast Period | 2025 to 2034 |
Segments Covered | Plaster System, Raw Material, End-use, and Regions |
Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Expansion of the building and construction industry
The primary driver in the gypsum plaster market is the expansion of the building and construction industry, particularly in emerging economies. This growth is driven by factors like rapid urbanization, infrastructure development, and increasing demand for affordable housing. As cities expand and infrastructure is built to support growing populations, coupled with innovations in manufacturing, like the development of specialized gypsum boards such as fire-resistant, moisture-resistant, etc., enhance the appeal of gypsum plaster for various construction applications.
Raw material supply chain challenges and environmental concerns
The primary restraint in the gypsum plaster market is raw material supply chain challenges and environmental concerns. Alterations in raw material availability, transportation costs, and rising environmental concerns regarding the disposal of gypsum board waste hinder market growth. A recent example of a launch addressing the environmental restraint focuses on eco-friendly and sustainable gypsum plasterboard alternatives and the implementation of stricter environmental regulations.
Technological advancements and innovations
The key future opportunity in the market is technological advancements and innovations, particularly in sustainable and low-carbon solutions. This includes the development of ready-mix, high-quality gypsum plaster that is durable and easy to apply, along with a focus on using recycled gypsum and creating low-carbon plasters.
Plaster System Insights
The manually applied plaster segment held a dominant presence in the gypsum plaster market in 2024, due to its cost-effectiveness, ease of application, and flexibility in achieving desired finishes, especially in residential and commercial projects. Manually applied plaster allows for greater control and customization, making it suitable for intricate architectural detailing and achieving specific aesthetic goals. Additionally, it requires less specialized equipment and labor compared to mechanized methods, making it more budget-friendly for many projects. It also demonstrates good adhesion to various surfaces and is easy to work with. Therefore, builders and contractors prefer it for its widespread use and suitability for various surfaces, including intricate detailing.
The machine-applied plaster segment is expected to witness the fastest rate of growth during the predicted timeframe, because of its efficiency and cost-effectiveness in large-scale projects. This is achieved through advancements in technology, which utilize automated systems that ensure uniform thickness and consistent finishes, leading to uniform application, reduced labor costs, and faster project timelines, which is crucial for contractors and developers. Furthermore, machine application minimizes waste and reduces the need for manual labor, aligning with growing sustainability concerns in the construction industry.
Raw Material Insights
The natural gypsum segment dominated the market with the largest share in 2024. Because natural gypsum is a readily available mineral in different regions, this abundance contributes to a stable and reliable supply for the construction industry. Natural gypsum offers a consistent and predictable chemical composition, ensuring the quality and reliability of the final product, along requires minimal processing compared to other raw materials, making it a more efficient and cost-effective option. Compared to other building materials like cement or lime-based plasters, natural gypsum plaster has a lower carbon footprint. Its manufacturing process consumes less energy and generates fewer greenhouse gases, contributing to a more sustainable approach to construction.
The synthetic gypsum is observed grow rapidly during the forecast period, because synthetic gypsum is a byproduct of industrial processes like flue gas desulfurization (FGD) in coal-fired power plants, making it a sustainable alternative to natural gypsum. Its increasing use as a sustainable and cost-effective alternative to natural gypsum, particularly in the construction and manufacturing industries, coupled with technological advancements in synthetic gypsum production and applications, further drives its growth. Furthermore, environmental regulations, a growing demand for sustainable building materials, and the ability of synthetic gypsum to reduce industrial waste and resource depletion also contribute to market growth.
End-Use Insights
The residential segment captured the biggest gypsum plaster market share in 2024, due to the advantages of the material in affordable housing and urbanization, coupled with its superior finish and ease of application. Additionally, the government initiatives promote sustainable and energy-efficient housing solutions. Gypsum plaster offers a smooth and crack-resistant finish, making it an ideal choice for interior walls and ceilings in residential buildings. Its ease of application and quick setting time also contribute to its popularity among builders.
The commercial segment is expected to grow at the fastest rate in the upcoming years, due to several factors, including the increasing necessitate for high-quality interior finishes in modern commercial buildings. Gypsum plaster offers a smooth finish, fire resistance, and durability, making it a preferred material for office spaces, hotels, shopping malls, and other commercial establishments. The rising trend of aesthetic and functional interior design in commercial spaces also drives demand, as gypsum plaster permits complex architectural details while maintaining structural integrity.
By Plaster System
By Raw Material
By End-use
By Region
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February 2025