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According to IMARC Group latest report titled “East Africa Gypsum Plaster Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on gypsum plaster market in East Africa. The report also includes competitor and regional analysis, and contemporary advancements in the market. The East Africa gypsum plaster market size reached US$ 53.4 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 60 Million by 2027, exhibiting a growth rate (CAGR) of 1.8% during 2022-2027.
Gypsum refers to a soft mineral that comprises calcium sulfate dihydrate that is extensively utilized in sculptures, molds and plaster materials. It is prepared by mixing dry Plaster of Paris (POP) powder with water and can be directly applied over concrete surfaces and bricks to form a smooth surface. As a result, it is widely preferred over its traditional counterpart, including sand cement plaster, since it exhibits excellent insulation properties, along with fire and impact resistance. Additionally, it is a readily available raw material for the preparation of gypsum plaster due to the abundance of gypsum ore in most African countries.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The market in East Africa is majorly driven by the rising demand from the construction sector. This is supported by the escalating consumer spending on advanced construction materials and the rapidly growing construction industry across the region. In addition to this, the increasing utilization of gypsum plaster in industrial structures, as it provides easy fitting in doors and windows while providing durability, is significantly supporting the market in the region. Other factors driving the market include rapid urbanization , the accelerating demand for single-family and multi-family house constructions, the rising investments from foreign players and the growing partnership activities among leading players.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
East Africa Gypsum Plaster Market Segmentation:
Our report has categorized the market based on region, type, and sector.
Key highlights of the report:
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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