The latest market report published by Credence Research, Inc. “Global Plaster Accelerator Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global plaster accelerator market is anticipated to grow at a substantial CAGR of 6.40% in the upcoming years. The global Plaster Accelerator industry was estimated to be worth USD 0.32 billion in 2022 and was expected to be worth USD 0.49 billion by 2030.
The report highlights the performance of major segments in the plaster accelerator market. The gypsum plaster segment accounted for the largest share in 2022, primarily due to its widespread use in the construction industry. The residential segment is anticipated to hold a prominent share of the market, driven by the increasing demand for affordable housing and the rising trend of green buildings globally.
North America dominated the global plaster accelerator market in 2022, with the United States holding a significant share. The region’s robust construction industry and infrastructure projects contribute to the demand for plaster accelerators. Asia Pacific is expected to witness the fastest growth, driven by the expanding economies, increasing investments in infrastructure, and rising demand for residential housing. Key countries in the market include India, China, and the ASEAN countries.
The COVID-19 pandemic had a significant impact on the global gypsum plaster market in 2020, leading to delays and disruptions in construction projects. However, the market is gradually recovering as construction activities resume and demand for gypsum plaster increases. The report also discusses the competitive landscape of the plaster accelerator market, with key players such as Qingdao Yuyin Chemicals, Kalyan Industries, Vijaya Building Materials, and others focusing on increasing production capacity and strategic partnerships to gain a competitive edge.
The Plaster Accelerator Market Major Challenges are multifaceted and require a thorough understanding of the industry. One of the biggest challenges faced by manufacturers is ensuring that their products meet regulatory requirements for safety and quality. This requires extensive testing, which can be time-consuming and costly. Additionally, there is intense competition within the market, with numerous companies vying for a share of limited demand. To succeed in this environment, manufacturers must differentiate themselves through innovation or cost-cutting measures.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Plaster Accelerator Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- In-depth analysis of the global market segmentation on the Application and Types
- Major nations in each region with their import/export statistics
- The global Plaster Accelerator Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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