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India Gypsum Board Market, Forecast and Opportunities FY2027

India Gypsum Board Market stood at INR2073.37 crore in 2021 and is projected to grow at a CAGR of 10.78% by 2027.

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India Gypsum Board Market, Forecast and Opportunities FY2027

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  1. Published: March 2021 Published: April 2021 Published: June 2021 2015 – 2025 FY2017 – FY2027 2016 – 2026F INDIA GYPSUM BOARD MARKET 2017 – 2027 FORECAST AND OPPORTUNITIES www.techsciresearch.com 1 MARKET INTELLIGENCE . CONSULTING

  2. Table of Contents S. No. Contents 1. Product Overview 2. Research Methodology 3. Impact of COVID 19 on India Gypsum Board Market 4. Executive Summary 5. India Gypsum Board Market Overview 6. India Gypsum Board Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value & Volume 6.2. Market Share & Forecast 6.2.1. By Type (Wall Board, Ceiling Board, Pre-decorated Board, Others) 6.2.2. By Thickness (1/2 inch, 5/8 inch, Other Thicknesses) By Application (Residential Sector, Commercial Sector, Institutional Sector, Industrial Sector) By Region 6.2.3 6.2.4. 6.2.5. By Top 10 States 6.2.6. By Company (2021) 6.3. Market Map 7. India Gypsum Wall Board Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value & Volume 7.2. Market Share & Forecast 7.2.1. By Thickness 7.2.2. By Application 2 2 © TechSci Research

  3. Table of Contents S. No. Contents 8. India Gypsum Ceiling Board Market Outlook Market Size & Forecast 8.1. 8.1.1. By Value & Volume Market Share & Forecast 8.2. 8.2.1. By Thickness 8.2.2. By Application 9. India Pre-Decorated Gypsum Board Market Outlook Market Size & Forecast 9.1. 9.1.1. By Value & Volume Market Share & Forecast 9.2. 9.2.1. By Thickness 9.2.2. By Application 10. Market Dynamics 10.1. Drivers 10.2. Challenges 11. Market Trends and Developments 12. Major Dealers of Gypsum Board in India 13. Import-Export Analysis 14. Pricing Analysis 15. Value Chain Analysis 3 3 © TechSci Research

  4. Table of Contents S. No. Contents 16. Voice of Customer 16.1. Brand Awareness & Brand Recall 16.2. Factors Considered while Selecting a Supplier/ or Influencing Purchase Decision 16.3. Customer Satisfaction Level 16.4. Major Challenges/Issues Faced Post Purchase of Gypsum Board 17. Policy and Regulatory Landscape 18. India Economic Profile 19. Company Profiles 19.1. Sakarni Plaster (India) Private Limited 19.2. Unity Gyptech Products 19.3. INDIA GYPSUM PVT LTD 19.4. Saint-Gobain Gyproc India Ltd. 19.5. Vinayak Gypsum & Interiors Pvt. Ltd. 19.6. Shubham Plasters 19.7. Eros Minerock Products LLP 19.8. Gypelite India Private Limited 19.9. Gypcore India Pvt Ltd 19.10. USG Boral Building Products India Private Limited 19.11. Ocean International 19.12. VANS Gypsum Pvt. Ltd. 20. Strategic Recommendations 21. About Us & Disclaimer 4 4 © TechSci Research

  5. Product Overview

  6. Product Overview Product of Interest: Gypsum Board Gypsum board is the technical product name used by manufacturers for a specific board with a gypsum core and a paper facing. It is widely used as a construction material in interior designing works. Gypsum board is used as surface material and its applications are prominent in wall and ceiling construction. Various types of gypsum boards are clued wallboard, backing board, core board, fire-resistant gypsum board, water-resistant gypsum board, and gypsum form board. Market Segmentation BY APPLICATION BY TYPE INDIA GYPSUM BOARD MARKET INDIA GYPSUM BOARD MARKET Residential Sector • Wall Board • Year Range Institutional Sector • Ceiling Board • Industrial Sector • Pre-decorated Board • Commercial Sector Review Period • Others • FY2017 – FY2020 BY REGION BY THICKNESS Base Year 1/2 inch • North • FY2021 5/8 inch • East • Other Thicknesses • West • Estimated Year South FY2022 Forecast Period FY2023 – FY2027 6 6 © TechSci Research

  7. Research Methodology

  8. Research Methodology Data Data Analysis Market Profiling Data Collection Formulating Questionnaire Developing List of Respondents Validation In-depth secondary research was conducted to determine top players, overall market size and segmental market size in India gypsum board market. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about India gypsum board market. TechSci conducted interviews with industry experts and industry players for data collection and verification. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. List of industry players and industry specialists was developed. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Conclusion ✓ ✓ Market Participants Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews Data Filter & Analysis Data Collection Research & Intelligence Actionable Insights Business Solution ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources ✓ ✓ ✓ ✓ ✓ ✓ LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Factiva Hoovers ✓ ✓ ✓ ✓ 8 8 © TechSci Research

  9. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of India gypsum board market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors and projected growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in India gypsum board market. Methodology Followed for Calculation of Market Size: Market Size by Value & Volume: Market size, in terms of value & volume, for the year FY2021 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders and industry experts. The team interviewed more than 20 companies, 50 industry experts and other value chain stakeholders in India gypsum board market to obtain the overall market size during FY2017-FY2021, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for FY2017-FY2021. 9 9 © TechSci Research

  10. Research Methodology Respondents were asked about the current and future market growth rates, as well as market shares by type, by thickness, by application, by region, and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the component. Methodology Followed for Calculation of Market Shares: Market shares by type, by thickness, by application, by region, and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading players in the India Gypsum Board Market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies operating and their competitive structure in India gypsum board market. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey results in SPSS/Tableau Software. 10 10 © TechSci Research

  11. Research Methodology Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India gypsum board market, TechSci Research used various forecast techniques such as: Moving Average o Time Series Analysis o Regression Analysis o Econometric and Judgmental Analysis o TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate and analyze market demand scenario. Sakarni Plaster (India) Private Limited, Unity Gyptech Products, INDIA GYPSUM PVT LTD., Saint-Gobain Gyproc India Ltd., Vinayak Gypsum & Interiors Pvt. Ltd., Shubham Plasters, Eros Partial List of Companies Interviewed Minerock Products LLP, Gypelite India Private Limited, Gypcore India Pvt Ltd, USG Boral Building Products India Private Limited, and Ocean International among others Company Annual Reports, Press Releases, Industry Magazines, Industry Reports, Company Partial List of Secondary Sources Websites, TechSci Research Proprietary Database & Knowledge Repository, etc. Note: (a) Sum of some shares may not be 100% due to round off till two decimal places. (b) The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. eg: For 2022E, the data represents the period, 1st April 2021 to 31st March 2022. 11 11 © TechSci Research

  12. Industry Brief According to TechSci Research report, “India Gypsum Board Market By Type (Wall Board, Ceiling Board, Pre-decorated Board, Others), By Thickness (1/2inch, 5/8inch, Other Thicknesses), By Application (Residential Sector, Commercial Sector, Institutional Sector, Industrial Sector), By Region, By Top 10 States, Competition Forecast & Opportunities, 2017-2027”, India gypsum board market was valued at INR2073.37 crore in 2021 and is projected to grow at a CAGR of 10.78% through 2027, to reach INR3811.65 crore by 2027. The growth in the gypsum board market can be attributed to the increasing demand from construction sector. Gypsum board is gaining traction as an alternative to conventional plastering process because of convenience, versatility and quality. Increasing awareness related to eco-friendly and safer construction material is bolstering the growth of the market. Indian metro cities are undergoing massive construction boom, with hundreds of high-rises and more than 100 super tall skyscrapers under construction. With surge in land prices and unavailability of space in urban areas, many developers are developing high rise buildings in Central Business Districts and residential areas across the nation. Upcoming skyscrapers are expected to accelerate the demand for gypsum boards in India. As 50% of India's population is expected to live in the urban areas by 2030, resulting in lack of space, constructing buildings is inevitable, which creates a vast opportunity of growth for gypsum boards market in the country in the upcoming period. India gypsum board market is segmented into type, thickness, application, regional distribution, and company. Based on type, the market can be segregated into wall board, ceiling board, pre-decorated board, and others. In 2021, wall board was the dominating segment by type in India Gypsum Board Market and accounted for a share of 51.69% owing to wide acceptance of wallboards as a substitute to plaster and lath. Also, increasing demand for sustainable construction and growing number of commercial construction projects are accelerating the demand for this segment. Based on application, the market can be segmented into residential sector, commercial sector, institutional sector, industrial sector. Surging demand for housing coupled with growing use of gypsum boards for molding of interior design elements and sculptural forms is expected to contribute to the dominant share of residential sector through 2027. Sakarni Plaster (India) Private Limited, Unity Gyptech Products, INDIA GYPSUM PVT LTD, Saint-Gobain Gyproc India Ltd., Vinayak Gypsum & Interiors Pvt. Ltd., Shubham Plasters, Eros Minerock Products LLP, Gypelite India Private Limited, Gypcore India Pvt Ltd, USG Boral Building Products India Private Limited, Ocean International and VANS Gypsum Pvt. Ltd. are the leading players operating in the India gypsum board market. Gypsum board market is highly fragmented with Saint-Gobain Gyproc India Ltd. accounting for share of roughly 12% in 2021. “Maharashtra is the largest market with a share of 12.42% in India Gypsum Board Market as of 2021 and is anticipated to be the dominant state over the forecast years as well, due to the increasing construction of commercial and residential buildings in the state, especially in Mumbai. Favorable government regulations for the construction projects such as Smart City Development, Delhi-Mumbai Industrial Corridor Project, Mumbai Development Plan 2034, Bengaluru Mumbai Industrial Corridor Project, and Welfare Scheme for Building & Other Construction Workers are anticipated to create new opportunities for industry players in the state. Moreover, the government project ‘Housing for All by 2022’, is expected to immensely drive the low-cost residential construction segment in the country, which in turn will further boost the India gypsum board market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm. 12 12 © TechSci Research

  13. Sample Data - Snapshot India Gypsum Board Market Size, By Value (INR Crore), 2017-2027F CAGR 2022E-2027F By Value: xx% CAGR 2017-2021 By Value: xx% 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Value (INR Crore) India Gypsum Board Market Share, By Type, By Value, 2017-2027F 2017 40.00% 30.00% 2018 40.00% 30.00% 20.00% 10.00% 2019 40.00% 30.00% 20.00% 10.00% 2020 40.00% 30.00% 20.00% 10.00% 2021 40.00% 30.00% 20.00% 10.00% 2022E 40.00% 30.00% 20.00% 10.00% 2023F 40.00% 30.00% 20.00% 10.00% 2024F 40.00% 30.00% 20.00% 10.00% 2025F 40.00% 30.00% 20.00% 10.00% 2026F 40.00% 30.00% 20.00% 10.00% 2027F 40.00% 30.00% 20.00% 10.00% Wall Board Ceiling Board Pre-Decorated Board 20.00% Others 10.00% India Gypsum Board Market Share, By Thickness, By Value, 2017-2027F 2017 20.00% 30.00% 2018 20.00% 30.00% 50.00% 2019 20.00% 30.00% 50.00% 2020 20.00% 30.00% 50.00% 2021 20.00% 30.00% 50.00% 2022E 20.00% 30.00% 50.00% 2023F 20.00% 30.00% 50.00% 2024F 20.00% 30.00% 50.00% 2025F 20.00% 30.00% 50.00% 2026F 20.00% 30.00% 50.00% 2027F 20.00% 30.00% 50.00% 1/2-inch 5/8-inch Other Thicknesses 50.00% 13 13 © TechSci Research

  14. Report Ordering Report Name: INDIA GYPSUM BOARD MARKET FORECAST AND OPPORTUNITIES 2017 – 2027 License Type Single User License Price $3500 Multi-User License Custom Research License $4500 $7500 To View Sample OR Purchase Report 14 14 © TechSci Research

  15. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports India Fibre Cement Boards and Sheets Market, Competition Forecast and Opportunities, 2017– 2027 Global Gypsum Board Market, Competition Forecast and Opportunities, 2016– 2026 • • India White Cement Market, Competition Forecast and Opportunities, 2017– 2027 • India Cement Market , Competition Forecast and Opportunities, 2017– 2027 • India Ready Mix Concrete Market, Competition Forecast and Opportunities, 2017– 2027 • India Gypsum Plaster Market, Competition Forecast and Opportunities, 2017– 2027 • TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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