The import of plasters (calcined gypsum or calcium sulphate) to India shows a steady upward trend from 2024 through 2028, with values increasing each year from $15.323 million in 2024 to $17.827 million in 2028. The data indicates consistent year-on-year growth, with the import value rising by 4.2% in 2025, 3.96% in 2026, 3.74% in 2027, and 3.53% in 2028. The compound annual growth rate (CAGR) is approximately 3.86% for this period.
Future trends to watch for include:
- Potential impacts of policy changes on import tariffs and duties for construction materials.
- Demand fluctuations driven by infrastructural development projects and the real estate sector's growth.
- Technological advancements in materials that could affect market dynamics and introduce alternatives to traditional plasters.