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Earthen Plasters Market Size, Analysis Report And Trends 2024 To 2033

Earthen Plasters Market

Earthen Plasters Market

The earthen plasters market size has grown steadily in recent years. It will grow from $85.72 billion in 2023 to $89.71 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to prevalence of cardiovascular diseases, aging population, rise in chronic conditions, awareness and education, reimbursement policies.

The earthen plasters market size is expected to see steady growth in the next few years. It will grow to $103.24 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%. The growth in the forecast period can be attributed to point-of-care echocardiography, artificial intelligence (ai) integration, remote monitoring and telemedicine, global health initiative, continuous miniaturization of devices. Major trends in the forecast period include collaborations and partnerships, focus on preventive cardiology, technological advancements, integration with other diagnostic technologies, transesophageal echocardiography (tee) advancements.

Market Overview -
Earthen plaster is a type of plaster made from a mixture of clay, sand, and fiber, such as straw, and protects the structural and insulating building components. This type of plaster is often used as an eco-friendly and sustainable finish for interior walls. It enhances the natural aesthetics of a space while keeping indoor humidity levels balanced, which promotes healthy living environments.

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Increase In The Number Of Construction Projects
An increase in the number of construction projects is expected to propel the growth of the earthen plaster market going forward. Construction projects refer to organized, planned, and managed efforts to create or modify physical structures, buildings, infrastructure, or facilities. Earthen plaster is used in construction projects, primarily stemming from its natural, sustainable, and environmentally friendly properties. For instance, in September 2023, according to reports shared by the United States Census Bureau, a US-based government agency, the overall value of residential and non-residential construction in the US increased by over 8% between 2020 and 2021. Furthermore, in September 2021, according to reports published by Oxford Economics, a UK-based economic information services company, global construction output in 2020 stood at US$10.7 trillion. It is projected to experience substantial growth of approximately 42%, adding US$4.5 trillion and reaching a total of US$15.2 trillion by the year 2030. Therefore, an increase in the number of construction projects is driving the growth of the earthen plaster market.

Competitive Landscape -
Major companies operating in the earthen plasters market report are Living Earth, American Clay Enterprises LLC, Armourcoat Limited, Pure Earth, Claylin LLC, Mike Wye & Associates Ltd, LimeStrong Artisan, Atelier NL, Earth Plaster Private Limited, EcoNest Architecture Inc., Green Building Supply, Heritage Plaster Products, Natural Plaster, Old World Plastering Inc., Earth, Hands & Houses, The Earth Pigments Company, Cob Cottage Company, CEB Construction, Clayworks Ltd., Clay.lt., Conluto, The Natural Building Company, Tadelakt Company, Earthbag Building, LimeWorks.us, Build Naturally

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