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Earthen Plasters Market Size, Share, Trends And Growth Report 2024-2033
Earthen Plasters Market Size
As per the report, 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 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%.
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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.
Launch of Innovative Traditional Straw Clay Plasters
Major companies operating in the earthen plaster market are increasing their focus on introducing traditional straw clay plasters to gain a competitive edge in the market. Traditional straw-clay plasters are natural building materials and construction techniques that have been used for a very long time. For instance, in September 2021, Clayworks Ltd., a UK-based manufacturer of earthen plasters, launched a new range of wall surfacing called Arakabe Finishes, which is inspired by the Japanese tradition of mixing straw with clay and plaster to create a textured finish. The collection is designed for use on interior walls in residential and commercial buildings. Clayworks worked with a variety of different straw colors and weights, as well as different aggregates, to create the Arakabe range. The addition of straw to the clay gives the material greater flexibility, strength, and moisture resistance, as well as acting as a carbon sink.
The earthen plasters market covered in this report is segmented -
1) By Type: Iron, Calcium, Magnesium, Silicates, Aluminum
2) By Construction Type: New Construction, Renovation And Repair
3) By Composition: Clay-Based Plasters, Straw-Clay Plasters
4) By Application: Walls, Roofs, Masonry, Agriculture, Other Applications
5) By End-User: Residential, Non Residential
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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
Contents of the report:
1. Executive Summary
2. Earthen Plasters Market Report Structure
3. Earthen Plasters Market Trends And Strategies
4. Earthen Plasters Market - Macro Economic Scenario
5. Earthen Plasters Market Size And Growth
…..
27. Earthen Plasters Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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