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Global Earthen Plasters Market Projected to Grow at 3.3% CAGR, Reaching $106.56 Billion by 2029
Earthen Plasters Market
What Will the Earthen Plasters Industry Market Size Be by 2025?
The market size for earthen plasters has experienced consistent growth in the past few years. The market, which is expected to rise from $89.71 billion in 2024 to $93.7 billion in 2025, will see a compound annual growth rate (CAGR) of 4.4%. Factors such as the increasing incidence of cardiovascular diseases, an aging population, surge in chronic conditions, heightened awareness and education, and robust reimbursement policies are contributing to the growth observed in the historic period.
What's the Long-Term Growth Forecast for the Earthen Plasters Market Size Through 2029?
The market for earthen plasters is slated to experience consistent expansion in the coming years, with its value forecasted to escalate to $106.56 billion in 2029, marking a compound annual growth rate (CAGR) of 3.3%. Factors giving momentum to this growth through the projected period include point-of-care echocardiography, integration of artificial intelligence (AI), the advent of remote monitoring and telemedicine, global health initiatives, and the ongoing reduction in device sizes. The trend radar for the forecast period is dominated by increased collaborations and partnerships, growing focus on preventive cardiology, technological breakthroughs, merger with other diagnostic technologies, and the evolution of transesophageal echocardiography (TEE).
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What Are the Key Growth Drivers Fueling the Earthen Plasters Market Expansion?
The growth of the earthen plaster market is anticipated to be driven by the rise in construction projects. These projects, which involve the planned, organized, and controlled creation or alteration of physical structures, buildings, infrastructures, or facilities, often make use of earthen plaster due to its eco-friendly and sustainable attributes. Take for instance, in November 2023, the new construction work in Great Britain was valued at £132,989 million (around USD 143.47 billion) in 2022, a 15.8% increase from the prior year, as reported by the Office for National Statistics, a statistical authority of the UK government. This surge was buoyed by substantial input from public and private sectors, contributing £4,068 million (around USD 4.39 billion) and £14,093 million (approximately USD 15.20 billion), respectively. As such, the escalation in construction projects is catalyzing the development of the earthen plaster market. Earthen Plaster Market Driving Force: Swell in Urbanization Spurs Demand For Sustainable Earthen Plaster
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What Are the Key Trends Driving Earthen Plasters Market Growth?
Significant players in the earth plaster market are focusing more on the development of classic straw clay plasters as a strategy to maintain a competitive advantage. These conventional straw-clay plasters are time-tested natural building components and construction methods. For instance, in January 2023, UK-based company Armourcoat, known for its eco-friendly luxury finishes for interiors and exteriors, rolled out a novel clay lime plaster. This advanced plaster, made from virgin clay and hydraulic lime, prioritizes environmental friendliness while boosting the aesthetic charm. It was created to offer an earth-friendly alternative to classic finishes, highlighting Armourcoat's dedication to sustainable design. This product, suitable for both home and business use, mirrors the rising shift towards green construction materials in the building industry.
How Is the Earthen Plasters Market Segmented?
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 Companies Are Leading the Charge in Earthen Plasters Market Innovation?
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
Which Regions Are Leading the Global Earthen Plasters Market in Revenue?
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.
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