The South Africa gypsum plaster market reached a volume of 132,475 Tons in 2018. Gypsum plaster is prepared by partial or complete dehydration of the mineral gypsum. It hardens on drying and is used for coating walls, ceilings and partitions. It is a modern-day technique as compared to time consuming and ecologically straining process of conventional plasters. When combined with water, the plaster becomes malleable and easy to shape. Owing to this property, builders and construction companies prefer it for use in molding of interior design elements and sculptural forms. In addition, it provides good insulation properties, is light in weight, and helps in reducing the structural load of the building. Apart from this, the growing tourism sector, which leads to the demand for hotels and commercial complexes, also stimulates the market growth of gypsum plaster in South Africa. Looking forward, the market volume is further expected to reach 194,349 Tons by 2024, exhibiting a CAGR of 6.5% during 2019-2024.
IMARC Group’s latest report provides a deep insight into South Africa gypsum plaster market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into South Africa gypsum plaster market in any manner.
Market Breakup by Product Type
Amongst these, regular gypsum plaster represents the biggest segment, accounting for majority of the market share.
Market Breakup by Sector
Residential sector currently accounts for the largest share in the South Africa gypsum plaster market.
The report has also examined the competitive landscape of South Africa gypsum plaster market. Some of the major players include:
Key Questions Answered in This Report:
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