As per MRFR analysis, the India Gypsum Board Market Size was estimated at 5.01 (USD Billion) in 2023.The India Gypsum Board Market is expected to grow from 5.85(USD Billion) in 2024 to 13.2 (USD Billion) by 2035. The India Gypsum Board Market CAGR (growth rate) is expected to be around 7.678% during the forecast period (2025 - 2035).
Key India Gypsum Board Market Trends Highlighted
The fast expansion of the real estate and construction industries, which is being fueled by government programs like the Smart Cities Mission and the Housing for All program, is causing a major shift in the India Gypsum Board Market.
Because of their lightweight nature and ease of installation, gypsum boards are a popular option for interior applications, driving demand for creative and effective building materials. Building materials are becoming more recyclable and environmentally friendly as a result of increased awareness of sustainable practices.
There are many prospects for gypsum board producers as a result of the urgent need for effective housing solutions brought about by the increase in urbanization and population growth in metropolitan areas. The market potential is further increased by the growth of the infrastructure sector, which includes hospitals and educational institutions.
Furthermore, the usage of gypsum boards for partition walls and ceilings is becoming more common as a result of the growing popularity of contemporary building techniques such dry construction methods. Due to shifting consumer tastes for both practicality and aesthetics, the market has also seen movements in recent years toward personalization and distinctive interior design.
The usage of gypsum boards, which are easily molded and coated to meet the varied needs of the Indian customer, is becoming more and more important as architects and builders look for creative solutions. All things considered, the changing urban lifestyles and growing emphasis on sustainable building methods are driving growth in the India gypsum board market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
India Gypsum Board Market Drivers
Growth in Construction Industry
The India Gypsum Board Market is significantly driven by the rapid expansion of the construction sector in India. According to the Ministry of Housing and Urban Affairs, the Indian government has set a target of building 20 million affordable homes by 2022 under the Pradhan Mantri Awas Yojana (PMAY) initiative.
This substantial undertaking indicates a consistent demand for construction materials like gypsum boards, which provide eco-friendly and lightweight solutions suitable for modern building techniques. With urbanization on the rise and infrastructure development being a primary focus, the demand for gypsum boards is expected to see a notable increase.
Major companies such asSaint-Gobain and Gyproc are already capitalizing on this growth trend by enhancing production capacity and product offerings to meet the expected increased demands from the construction industry, thereby contributing to market expansion.
Growing Awareness of Sustainable Building Materials
There is a notable shift in the Indian construction industry towards green building materials, driven by increasing awareness of environmental sustainability. The Green Rating for Integrated Habitat Assessment (GRIHA), developed by the National Institute of Advanced Studies (NIAS), promotes the use of materials that cause minimal environmental impact.
Gypsum boards are recognized as a sustainable option as they can be recycled and produced with less energy compared to traditional materials. With the government advocating sustainable practices through various initiatives, the India Gypsum Board Market stands to gain from this trend, as more builders and developers are expected to prioritize the use of eco-friendly materials.
Government Initiatives for Infrastructure Development
The Indian government has launched several initiatives focused on infrastructure development, which directly impacts the India Gypsum Board Market. Programs like the National Infrastructure Pipeline aim to invest over USD 1.4 trillion in infrastructure projects over the next five years, including housing, transport, and urban development.
Such initiatives are expected to lead to a surge in demand for lightweight and durable construction materials, including gypsum boards. Companies like Everest Industries and Rajasansi Gypsum are preparing to scale their production in response to these initiatives, highlighting the correlation between government investment and market growth.
India Gypsum Board Market Segment Insights
Gypsum Board Market Application Insights
The Application segment of the India Gypsum Board Market plays a vital role in shaping the industry landscape as it caters to diverse construction needs across various sectors. This segment encompasses categories such as residential, institutional, commercial, and others, each contributing uniquely to market dynamics.
The residential sector showcases a growing demand for gypsum boards owing to an increase in urbanization and the rise of modern living spaces, highlighting consumer preferences for lightweight and sustainable building materials. This trend is driven by evolving lifestyles and the doubling population in urban areas, prompting developers to adopt efficient drywall solutions.
On the institutional front, educational and healthcare facilities increasingly use gypsum boards for their sound insulation properties and fire resistance, which is essential for safety and comfort in schools and hospitals. The demand in this sector is fueled by government initiatives aimed at improving infrastructure and expanding accessibility to educational and healthcare institutions across the country.
Commercial applications, encompassing office spaces, retail establishments, and hospitality sectors, further emphasize the versatility of gypsum boards. They are favored for their aesthetic appeal, ease of installation, and adaptability to various designs, creating attractive environments for both employees and customers.
In recent years, the use of gypsum boards in other applications, including industrial and specialized facilities, has gained momentum as manufacturers explore innovative applications that leverage the material's inherent qualities.
This diversification not only illustrates the material's flexibility but also presents opportunities for companies to expand their product offerings to suit a broader range of client needs. Overall, the India Gypsum Board Market benefits from a robust Application segment that caters to an array of sectors, bolstered by trends favoring efficiency, safety, and sustainability in building designs.
These factors collectively indicate a promising future and continued growth across the diverse applications of gypsum board within the country. The commitment of stakeholders to invest in research, innovation, and sustainable practices will only further solidify the market's potential in the coming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Gypsum Board Market Product Insights
The India Gypsum Board Market has been gaining momentum, driven by the growing construction sector and the increasing demand for energy-efficient and sustainable building materials. This market segmentation consists of key products, primarily gypsum wallboard and gypsum ceiling board, both playing a crucial role in meeting the evolving needs of modern construction.
Gypsum wallboard has become a popular choice for interior walls due to its lightweight nature, ease of installation, and superior fire resistance, which aligns with India's stringent safety regulations.
Conversely, gypsum ceiling boards are equally vital, as they enhance aesthetic appeal and acoustics in residential and commercial spaces, supporting the ongoing trend of creating functional and stylish interiors.
Factors such as rapid urbanization, rising disposable incomes, and government initiatives promoting green building practices significantly contribute to the growth of these product categories within the India Gypsum Board Market.
While challenges such as fluctuating raw material prices and competition from alternative materials exist, the opportunities presented by the expanding construction sector and increasing awareness of sustainable building practices reinforce the significance of gypsum wallboard and gypsum ceiling board in shaping the future of the industry.
Gypsum Board Market Type Insights
The India Gypsum Board Market, particularly in the Type segment, presents a diverse landscape characterized mainly by Regular Gypsum Board and Type X Gypsum Board. Regular Gypsum Board, known for its versatility and ease of installation, appeals to a wide range of applications including residential and commercial buildings.
Its significant contribution to the construction industry in India can be attributed to government initiatives promoting sustainable building practices and rapid urbanization. On the other hand, Type X Gypsum Board, designed for enhanced fire resistance, is becoming increasingly vital in constructions that require stringent safety standards.
This board type finds prominence in sectors such as commercial spaces and high-rise buildings, where fire safety regulations must be adhered to. As the country witnesses rising construction activity fueled by urban development projects, the demand for these gypsum boards continues to grow, reinforcing their importance within the India Gypsum Board Market segmentation.
Overall, the increased focus on infrastructural development and building safety standards in India unlocks extensive opportunities for growth in both types of gypsum boards, contributing significantly to the overall market dynamics.
India Gypsum Board Market Key Players and Competitive Insights
The India Gypsum Board Market is characterized by a growing demand driven by increasing urbanization, infrastructural development, and the rising trend towards environmentally friendly construction materials. As construction projects proliferate across the nation, the need for lightweight, durable, and sustainable building solutions continues to rise.
This presents an attractive landscape for various stakeholders, including manufacturers, suppliers, and distributors, who aim to capture market share within this competitive arena. The market dynamics are influenced by the technological advancements in production processes and materials, alongside evolving consumer preferences for aesthetics and functionality in interior design.
The competitive landscape showcases both established players and emerging firms, each striving to differentiate their offerings through innovation, quality, and cost-effectiveness, thereby enhancing their position in the market.
Nerolac Paints operates with a notable presence in the India Gypsum Board Market by leveraging its extensive experience in paints and coatings to develop complementary products. The company has successfully established itself as a trusted brand in the construction and interior design sectors, boasting strengths that include strong distribution channels, brand loyalty, and a dedication to sustainability.
Nerolac Paints focuses on innovation and quality, attributes that resonate well with its customers who seek reliable solutions for their gypsum board requirements. By integrating gypsum boards into its product range, Nerolac Paints effectively meets the growing demand for high-quality building materials, amplifying its competitiveness in the market while promoting environmentally responsible solutions.
Saint-Gobain Gyproc India stands out in the India Gypsum Board Market with its comprehensive range of products and services tailored to meet diverse customer needs within the construction industry. The company is known for its robust product lineup that includes various types of gypsum boards, plaster solutions, and ceiling systems, all engineered to support efficient building practices.
Saint-Gobain Gyproc India's strong market presence is reinforced by its commitment to innovation and sustainability, reflected in its investments in research and development. The company has established strategic partnerships and collaborations to enhance its market reach and strengthen its operational capabilities.
Additionally, Saint-Gobain Gyproc India has explored opportunities through mergers and acquisitions to expand its footprint and boost its portfolio, further solidifying its leadership position in the Indian market.
The synergy between their advanced product offerings and a focus on eco-friendly construction practices positions Saint-Gobain Gyproc India favorably amid growing competition in the gypsum board segment in India.
Key Companies in the India Gypsum Board Market Include:
India Gypsum Board Market Developments
The India Gypsum Board Market has witnessed significant developments recently, particularly with companies such as Saint-Gobain Gyproc India and Hindalco Industries increasing their production capacities to meet the rising demand in the construction sector.
Notably, in August 2023, GYPSEM announced the launch of its innovative range of moisture-resistant gypsum boards, responding to the growing need for sustainable building materials. The market has been expanding due to the government's emphasis on infrastructure projects, with major investments recorded in affordable housing as part of the Pradhan Mantri Awas Yojana.
In terms of mergers and acquisitions, there have been no major deals reported in the past few months among the specified companies, but the competitive landscape remains active with strategic partnerships likely on the horizon.
The overall market valuation of the gypsum board sector in India continues to grow as companies like KNAUF and Boral Limited enhance their operational capabilities to cater to the anticipated surge in demand. Furthermore, the ongoing rise in construction activities across metropolitan cities in India has positively impacted the procurement and installation of gypsum boards as preferred interior construction solutions.
India Gypsum Board Market Segmentation Insights
Gypsum Board Market Application Outlook
Gypsum Board Market Product Outlook
Gypsum Board Market Type Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 5.01(USD Billion) |
| MARKET SIZE 2024 | 5.85(USD Billion) |
| MARKET SIZE 2035 | 13.2(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 7.678% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Nerolac Paints, SaintGobain Gyproc India, GYPSEM, Hindalco Industries, KNAUF, Boral Limited, Shri B. K. Gypsum Private Limited, GYPTEK, Astra Enterprises, NCC Limited, A Plaster Dried Products, Vanshika Enterprises, Crown Gypsum, GeorgiaPacific Gypsum, USG Boral |
| SEGMENTS COVERED | Application, Product, Type |
| KEY MARKET OPPORTUNITIES | Rising demand for sustainable materials, Expansion in construction sector, Government infrastructure projects boost, Increasing preference for modular interiors, Growth in residential housing market |
| KEY MARKET DYNAMICS | growing construction industry, increasing demand for lightweight materials, enhanced acoustic and thermal performance, government infrastructure initiatives, rising awareness of sustainable construction |
| COUNTRIES COVERED | India |
Frequently Asked Questions (FAQ) :
The India Gypsum Board Market is expected to be valued at 5.85 USD Billion in 2024.
By 2035, the overall market value is expected to reach 13.2 USD Billion.
The expected compound annual growth rate for the market during this period is 7.678%.
The major applications include residential, institutional, commercial, and others.
The residential segment is projected to be valued at 5.1 USD Billion by 2035.
The institutional segment is expected to be valued at 1.4 USD Billion in 2024.
Key players include SaintGobain Gyproc India, KNAUF, and Hindalco Industries among others.
The commercial segment is projected to be valued at 4.5 USD Billion by 2035.
The 'others' application segment is expected to reach a value of 0.45 USD Billion in 2024.
The residential segment shows significant growth potential, moving from 2.25 USD Billion in 2024 to 5.1 USD Billion by 2035.
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