According to a new report by Expert Market Research titled, “South Africa Gypsum Plaster Market Share, Size, Report and Forecast 2024-2032″, the South Africa gypsum plaster market reached a volume of almost 160,926 tons in 2023. Aided by enhanced living standards and growth of the construction sector, the market is projected to further grow at a CAGR of 6.7% between 2024 and 2032.
Gypsum plaster, a material created by grinding the gypsum mineral, is widely favoured in the construction sector. It offers myriad benefits, such as shorter drying times, improved fire resistance, and a smoother finish as compared to its conventional counterparts. Its eco-friendly nature, coupled with its ability to regulate indoor temperature and humidity, has also made it a preferred material in the green building segment, making it a staple in many modern construction projects across South Africa.
The shifting dynamics in the South African construction industry is a major driver behind the South Africa gypsum plaster market growth. The relentless urbanisation, along with infrastructure development plans by the government, has led to an increase in the number of commercial and residential projects. This construction upswing, juxtaposed with an increasing preference for sustainable building solutions, has considerably ramped up the demand for gypsum plaster.
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According to the South Africa gypsum plaster market analysis, the modern South African consumer is increasingly gravitating towards eco-friendly, sustainable, and energy-efficient home solutions. This shift is pushing manufacturers to innovate and offer tailored solutions, thereby promoting the use of gypsum plaster.
Moreover, in contrast to traditional plasters, gypsum plaster does not need curing – a factor that saves water and hence is increasingly being favoured in the water-scarce regions of South Africa. This unique attribute amplifies its appeal, thereby augmenting the South Africa gypsum plaster market demand.
As South Africa continues to modernise its infrastructure and as awareness about eco-friendly materials proliferates, the demand for gypsum plaster is poised to grow. The fusion of tradition and innovation, represented by gypsum plaster, is emblematic of South Africa’s march towards a sustainable and advanced future. The South Africa gypsum plaster market size is thus expected to grow, supported by the country’s growing construction sector, the shift towards sustainable living, and the intrinsic advantages of the material itself.
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Market Segmentation
The market can be divided based on type and sector.
Market Breakup by Type
• Regular Gypsum Plaster
• Moisture Resistant Gypsum Plaster
Market Breakup by Sector
• Residential
• Commercial
• Industrial
• Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the South Africa gypsum plaster market. Some of the major players explored in the report by Expert Market Research are as follows:
• Saint-Gobain Gyproc
• Pudlo
• Pelican Systems
• Others
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