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The South Africa gypsum plaster market exhibited moderate growth during 2015-2020. 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, IMARC Group expects the South Africa gypsum plaster market to grow at a CAGR of around 6% during 2021-2026.
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.
Report Scope
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.
Competitive Landscape:
The report has also examined the competitive landscape of South Africa gypsum plaster market. Some of the major players include:
The South Africa gypsum plaster market was valued at US$ 37.1 Million in 2021.
We expect the South Africa gypsum plaster market to exhibit a CAGR of 4.50% during 2022-2027.
The growing adoption of gypsum plasters in several construction activities, as they are light in weight
and help in reducing the structural load of the building, is currently driving the South Africa gypsum
plaster market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across the nation resulting in temporary halt in various construction activities,
thereby negatively impacting the overall demand for gypsum plasters.
Based on the product type, the South Africa gypsum plaster market has been segmented into regular
gypsum plaster and moisture resistant gypsum plaster. Currently, regular gypsum plaster represents
the largest market share.
Based on the sector, the South Africa gypsum plaster market can be bifurcated into residential,
commercial, and industrial. Among these, the residential sector accounts for the majority of the total
market share.
Some of the major players in the South Africa gypsum plaster market include Gyproc SA, Mega
Crete, etc.
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