Press release
Global Earthen Plasters Market to Reach $106.56 Billion by 2029, Growing at 3.3% CAGR
Earthen Plasters Market
The earthen plaster market is predicted to expand, primarily stimulated by the rising frequency of construction projects. These projects involve a systematic and managed strategy to build or remodel structures, facilities, and infrastructures. The principal utility of earthen plaster is in these construction endeavors due to its natural, sustainable, and eco-friendly attributes. As per the Office for National Statistics in the UK, the worth of new construction work in Great Britain in November 2023 hit a record high of £132,989 million (around USD 143.47 billion) in 2022, demonstrating a growth of 15.8% compared to the previous year. This augmentation was primarily facilitated by the private sector, contributing £14,093 million (approximately USD 15.20 billion), and the public sector, adding £4,068 million (nearly USD 4.39 billion). Consequently, the rising number of construction projects accelerates the growth of the earthen plaster market. Earthen Plasters Market Driver: Accelerating Urbanization Fuelling Need for Sustainable Earthen Plaster
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What Is the projected market size and growth rate for the earthen plasters market?
In the past few years, the size of the earthen plasters market has consistently increased. The market is projected to expand from $89.71 billion in 2024 to $93.7 billion in 2025, yielding a compound annual growth rate (CAGR) of 4.4%. Factors contributing to this growth during the historic period include the prevalence of cardiovascular diseases, an aging population, an increase in chronic conditions, heightened awareness and education, and favorable reimbursement policies.
In the upcoming years, a consistent expansion is projected for the earthen plasters market. The market is anticipated to reach a value of $106.56 billion in 2029, with a compound annual growth rate (CAGR) of 3.3%. This development in the future estimation period can be credited to aspects such as point-of-care echocardiography, the incorporation of artificial intelligence (AI), remote supervision, telemedicine, and worldwide health initiatives. Dominant trends for the forecast period encompass collaborations and partnerships, emphasis on preventive cardiology, technological progress, amalgamation with other diagnostic technologies and advancements in transesophageal echocardiography (TEE).
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What are the most significant trends transforming the earthen plasters market today?
Leading businesses in the earthen plaster market are sharpening their competitive edge by increasingly focusing on the release of traditional straw clay plasters. These are long-standing, natural construction methods and building materials. For instance, in January 2023, UK-based company Armourcoat, renowned for their sustainable luxury finishes for both interior and exterior decor, announced their new clay lime plaster innovation. This pioneering plaster is designed to augment aesthetic appeal, while also being eco-friendly. Composed of natural unfired clay and hydraulic lime, the debut of this clay lime plaster represents a sustainable alternative to conventional finishes, underlining the company's dedication to eco-conscious design. Suitable for personal residential and professional commercial use, it reflects a rising inclination towards environmental faciliences in construction materials within the building industry.
What major market segments define the scope and growth of the earthen plasters market?
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
Subsegments:
1) By Iron: Red Iron Plasters, Yellow Iron Plasters
2) By Calcium: Calcium Carbonate-Based Plasters, Calcium Sulfate-Based Plasters
3) By Magnesium: Magnesium Oxide Plasters, Magnesium Sulfate Plasters
4) By Silicates: Sodium Silicate Plasters, Potassium Silicate Plasters
5) By Aluminum: Aluminum Oxide Plasters, Aluminum Silicate Plasters
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Which region dominates the earthen plasters market?
Asia-Pacific was the largest region in the earthen plasters market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the earthen plasters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the earthen plasters industry growth?
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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What Is Covered In The Earthen Plasters Global Market Report?
• Market Size Forecast: Examine the earthen plasters market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the earthen plasters market for a structured understanding.
• Key Players Overview: Analyze major players in the earthen plasters market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the earthen plasters market.
• Segment Contributions: Evaluate how different segments drive overall growth in the earthen plasters market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the earthen plasters market.
• Industry Challenges: Identify potential risks and obstacles affecting the earthen plasters market.
• Competitive Landscape: Review strategic developments in the earthen plasters market, including expansions, agreements, and new product launches.
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