Press release
Soaring Demand Set to Propel Earthen Plasters Market to $103.78 Billion by 2029
Earthen Plasters
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What Is the Expected CAGR for the Earthen Plasters Market Through 2025?_x000D_
There has been a consistent increase in the market size of earthen plasters over the past years. The market, which will be worth $89.71 billion in 2024, is projected to expand to $92.66 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 3.3%. Factors contributing to growth during the historical period include an increasing number of cardiovascular diseases, an aging population, a surge in chronic conditions, raised awareness and education, and favorable reimbursement policies._x000D_
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What's the Projected Size of the Global Earthen Plasters Market by 2029?_x000D_
The market size of earthen plasters is projected to experience consistent growth in the coming years, reaching a value of $103.78 billion by 2029 with a CAGR of 2.9%. This projected growth during the forecast period can be credited to developments such as point-of-care echocardiography, the integration of artificial intelligence, remote monitoring and telemedicine, global health initiatives, and the continual miniaturization of devices. Key trends anticipated during the forecast period include an emphasis on collaborations and partnerships, preventive cardiology, technological breakthroughs, integration with other diagnostic technologies, and advancements in transesophageal echocardiography (TEE)._x000D_
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https://www.thebusinessresearchcompany.com/report/earthen-plasters-global-market-report_x000D_
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Top Growth Drivers in the Earthen Plasters Industry: What's Accelerating the Market? _x000D_
The upward trend in the construction industry is predicted to drive the expansion of the earthen plaster market. The term 'construction projects' denotes organized and structured activities aimed at the creation or alteration of existing infrastructure, buildings, and physical structures. The use of earthen plaster, characterized by its organic, eco-friendly, and sustainable attributes, is prevalent in these constructions. For instance, the UK's Office for National Statistics reported in November 2023 that the new construction work's worth in Great Britain peaked at £132,989 million (around USD 143.47 billion) in 2022, demonstrating a growth of 15.8% compared to the previous year. Notable contributors to this rise were the private sector, bringing in £14,093 million (equivalent to USD 15.20 billion), and public sector adding £4,068 million (roughly USD 4.39 billion). Consequently, the surge in construction projects is propelling the earthen plaster market's growth._x000D_
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What Trends Will Shape the Earthen Plasters Market Through 2029 and Beyond?_x000D_
Major players in the earthen plaster market, in an effort to gain market dominance, are shifting their focus towards the introduction of age-old straw clay plasters. Such traditional straw-clay plasters, noted for their use as natural building materials and construction methods, have a long-established history. Specifically, in January 2023, Armourcoat, a British firm specializing in luxury finishes for both interior and exterior applications, unveiled a novel clay lime plaster. This groundbreaking plaster is devised not only to boost aesthetic charm but also to be kind to the environment. Made from earthy materials like raw clay and hydraulic lime, the clay lime plaster is intended to be a green alternative to conventional finishes, underlining Armourcoat's devotion to sustainable design. The product, suitable for both home and business uses, mirrors the steadily increasing trend of environmentally-conscious construction materials in the building industry._x000D_
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What Are the Main Segments in the Earthen Plasters Market?_x000D_
The earthen plasters market covered in this report is segmented -_x000D_
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1) By Type: Iron, Calcium, Magnesium, Silicates, Aluminum_x000D_
2) By Construction Type: New Construction, Renovation And Repair_x000D_
3) By Composition: Clay-Based Plasters, Straw-Clay Plasters_x000D_
4) By Application: Walls, Roofs, Masonry, Agriculture, Other Applications_x000D_
5) By End-User: Residential, Non Residential_x000D_
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Subsegments:_x000D_
1) By Iron: Red Iron Plasters, Yellow Iron Plasters_x000D_
2) By Calcium: Calcium Carbonate-Based Plasters, Calcium Sulfate-Based Plasters_x000D_
3) By Magnesium: Magnesium Oxide Plasters, Magnesium Sulfate Plasters_x000D_
4) By Silicates: Sodium Silicate Plasters, Potassium Silicate Plasters_x000D_
5) By Aluminum: Aluminum Oxide Plasters, Aluminum Silicate Plasters_x000D_
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Which Top Companies are Driving Growth in the Earthen Plasters Market?_x000D_
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_x000D_
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Which Regions Will Dominate the Earthen Plasters Market Through 2029?_x000D_
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._x000D_
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