(MENAFN- EIN Presswire)
Earthen Plasters Market
Earthen Plasters Market size was valued at $81.7 million in 2020, and is expected to reach $116.8 million by 2030, registering a CAGR of 3.3% from 2021 to 2030
WILMINGTON, DELAWARE, UNITED STATES, April 15, 2024 /EINPresswire / -- Earthen Plasters Market by End User (Residential and Nonresidential), Application (Walls, Roofs/Ceilings, and Others), and Construction (New Construction and Renovation & Repair): Global Opportunity Analysis and Industry Forecast, 2021–2030". As per the report, the global earthen plasters industry was accounted for $81.7 million in 2020, and is expected to garner $116.8 million by 2030, registering at a CAGR of 3.3% from 2021 to 2030.
Drivers, restraints, and opportunities
Surge in urbanization, increase in awareness toward environment-friendly construction materials, and development of the construction sector have boosted the growth of the global earthen plasters market. However, concerns associated with cracking and dusting owing to improper application methods hinder the market growth. On the contrary, surge in demand for green buildings and rise in government and private investments in the infrastructure sector is expected to open new opportunities for the market players in the future.
Download Sample PDF:
Covid-19 scenario:
The Covid-19 pandemic negatively affected the demand for earthen plasters due to a decline in construction activities and unavailability of raw materials.
The prolonged lockdown disrupted the supply chain and led to the unavailability of raw materials.
The roofs/ceilings segment to manifest the highest through 2030
By application, the roofs/ceilings segment is expected to manifest the highest CAGR of 3.9% during the forecast period, owing to rise in residential construction expenditure and activities. However, the walls segment dominated the market in 2020, accounting for more than three-fifths of the global earthen plasters market, due to benefits such as eco-friendliness, ease of installation, and cost-effectiveness.
Buy This Research Report (201 Pages PDF with Insights, Charts, Tables, Figures):
The non-residential segment dominated the market
By end user, the non-residential segment held the lion's share in 2020, contributing to nearly three-fifths of the global earthen plasters market, due to rise in construction of new official buildings and non-residential complexes. However, the residential segment is anticipated to register the highest CAGR of 3.6% from 2021 to 2030, due to rise in construction of residential buildings.
North America, followed by Europe and North America, held the lion's share
By region, Asia-Pacific, followed by Europe and North America, dominated the market in 2020, contributing to nearly half of the global earthen plasters market. In addition, the region is expected to portray the highest CAGR of 4.0% during the forecast period, owing to rapid urbanization and industrialization in developing countries in the region. The market across North America is expected to register a CAGR of 2.6% during the forecast period.
Inquire Before Buying
Major market players
Clay, Conluto, Claytec Baustoffe Aus Lehm, American Clay Enterprises LLC, Clayworks, Earth Plaster Pvt Ltd, JBR Coatings insulations, LimeStrong Artisan, Mike Wye & Associates Ltd., New Mexico Clay
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Similar Reports
Alternative Building Materials Market
Green Roof Market
Roofing Tiles Market
Green Cement Market
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, DE. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain
David Correa
Allied Market Research
+ +1 5038946022
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
MENAFN15042024003118003196ID1108095381
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.