The incorporation of nano-particles, the microstructure of
the plaster is enhanced, leading to improved density and reduced
porosity. Consequently, the plaster exhibits superior water
resistance, heightened strength, and longer-lasting
finishes.
WILMINGTON, Del., Aug. 15, 2024 /PRNewswire/ -- Allied Market
Research published a report, titled, "Ready Mix Plaster Market
by Material (Cement-Based, Gypsum-Based, Lime-Based, and Others),
Application (Interior Walls and Ceilings, External Rendering,
Plastering of Concrete Surfaces, and Others), and End User
(Residential, Commercial, and Industrial): Global Opportunity
Analysis and Industry Forecast, 2024-2032". According to
the report, the ready mix plaster market was valued at
$1.5 billion in 2023 and is estimated
to reach $2.9 billion by 2032,
exhibiting a CAGR of 8.3% from 2024 to 2032.
Prime determinants of growth
The demand for ready mix plaster is driven by urbanization and
rapid infrastructure development on a global scale. This is
especially evident in emerging economies where construction
activity is thriving. Builders and contractors prefer ready-to-use
solutions, and the time-saving benefits of ready mix plaster
further fuel market expansion. Technological advancements in
manufacturing processes and product formulations also improve the
properties of ready mix plaster, leading to its continued growth.
Additionally, the growing emphasis on sustainable construction
practices creates opportunities for eco-friendly ready mix plaster
formulations to gain popularity. All these factors combined
contribute to the dynamic growth trajectory of the ready mix
plaster industry.
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Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2032
|
Base
Year
|
2023
|
Market Size in
2023
|
$1.45 billion
|
Market Size in
2032
|
$2.9 billion
|
CAGR
|
8.3 %
|
No. of Pages in
Report
|
350
|
Segments Covered
|
Material, Application,
End User, and Region.
|
Drivers
|
Adoption of ready mix
plaster among builders and contractors
Growing construction
industry in emerging economies
Increased demand with
urbanization and infrastructure development
|
Opportunities
|
Innovation in green
building materials
|
Restraint
|
Stringent environmental
regulations
|
The cement-based segment held the highest market share in
2023.
Based on the material, the cement-based segment held the highest
market share in 2023. Its versatility makes it an ideal choice for
a wide range of applications, including both indoor and outdoor
surfaces, making it the preferred option for builders and
contractors working on various construction projects. Additionally,
cement-based plaster offers outstanding durability and strength,
ensuring long-lasting protection and structural integrity for
buildings. Moreover, its seamless bonding capabilities with
different substrates and effective adhesion to surfaces enhance its
appeal for users seeking reliable and robust construction
materials. In addition, the wide range of formulations available,
such as quick-setting and fiber-reinforced choices, enhances its
versatility in various construction settings. Additionally, the
durability of cement-based plaster against moisture, fire, and
weathering makes it a desirable option, especially in areas with
harsh environmental conditions.
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The interior walls and ceilings segment held the highest
market share in 2023.
Based on application, the interior walls and ceilings segment
held the highest market share in 2023. The primary application for
these surfaces in residential and commercial buildings is vast,
resulting in a significant need for plaster materials. Ready mix
plaster offers builders and contractors a convenient solution for
achieving seamless and uniform finishes on interior walls and
ceilings, ultimately saving time and labor in comparison to
conventional plastering methods. Moreover, the versatility of ready
mix plaster allows for easy customization, enabling architects and
designers to create a variety of textures and decorative effects to
complement different interior aesthetics. Moreover, the outstanding
adhesion characteristics of pre-mixed plaster guarantee extended
durability and performance, making it a perfect option for interior
surfaces that endure regular wear and tear. Additionally, the
capacity of pre-mixed plaster to hide flaws and create a smooth
surface for painting or wallpaper adds to its attractiveness for
interior projects.
The residential segment held the highest market share in
2023.
Based on end user, the residential segment held the highest
market share in 2023, The high number of residential building
projects, such as single-family houses, apartments, and
condominiums, creates a strong need for ready mix plaster.
Homeowners, builders, and contractors all favor ready mix plaster
due to its convenience, uniformity, and time-saving advantages,
especially in rapid construction settings. Moreover, ready mix
plaster allows for flexibility in usage, accommodating various
architectural designs and interior decor choices commonly found in
residential spaces. Its capacity to deliver sleek and long-lasting
surfaces on indoor walls and ceilings, along with its simple
customization for ornamental purposes, further cements its status
as a preferred material in residential construction. Furthermore,
the ready mix plaster's exceptional durability and long-lasting
performance perfectly meet the demands of residential properties,
providing homeowners with a sense of security and minimizing
maintenance expenses in the long run.
Asia-Pacific held the
highest market share in 2023
Based on region, the Asia-Pacific held the highest market share in
2023. The region is witnessing a growing preference for
eco-friendly construction materials, resulting in an increased
demand for ready mix plaster solutions that are low in Volatile
Organic Compounds (VOC) and incorporate recycled materials.
Technological advancements have also played a role in driving the
market, as new formulations with enhanced properties like
workability and durability gain popularity. Furthermore, government
regulations promoting affordable housing, infrastructure
development, and sustainable building practices are key factors
fueling the demand for ready mix plaster. By closely monitoring
these market trends and influences, stakeholders can strategically
position themselves to capitalize on the expanding opportunities in
the dynamic Asia-Pacific
construction industry.
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Players: -
- JSW Group
- Nuvoco Vistas Corp. Ltd.
- Unibeton Ready Mix
- Mastour ReadyMix
- Saint-Gobain Weber
- Constrobond
- Kasprs Build Mate Pvt. Ltd.
- Pye Products
- Saveto Group
- CONMIX Ltd.
The report provides a detailed analysis of these key players in
the global ready mix plaster market. These players have adopted
different strategies such as new product launches, collaborations,
expansion, joint ventures, agreements, and others to increase their
market share and maintain dominant shares in different regions. The
report is valuable in highlighting business performance, operating
segments, product portfolio, and strategic moves of market players
to showcase the competitive scenario.
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