• Aditya Kaushal

Premix or Ready Mix Plaster market forecast and the Construction industry

Updated: 3 days ago

As the covid-19 started spreading across the world since the outbreak from China, it became a pandemic and caused millions of deaths and simultaneously negative impact on the economy of the countries. In order to stop spreading of the Covid-19 virus across the countries, the governments in various countries started periodic lockdown or shutdown of markets, and stopped the transportations and took highly active measures to get recovered from the covid-19 virus. Public safety and health became the top priority for the governments as well as for the private corporates. In the pandemic year 2020, various industrial sectors had higher negative trends or decreased production output or high decrease in revenues, which also affected the daily professional & personal life of employees and employers. Construction Industry is among those downtrend industry who was highly affected by the pandemic in 2020, and till first quarter of 2021 too, its impact hasn’t overcome due to various reasons, in which second wave of Covid-19 and the government measures to follow for covid-19 safety, and financial/economic distress among contractors & sub-contractors or other material suppliers, are few of them.



The construction industry is one of the backbone for a country which balances the economy, employment rate, infrastructure, and other facilities in a country. According to AKI Research & Consulting, the global construction output is estimated to be about USD 10.49 trillion in 2020, with a declining y-o-y rate of about 3.1%. Asia-Pacific is estimated to account about 51.7% share followed by Europe 21.16%, North America 18.68%, among other regions in 2020. In 2021, the global construction market is expected to be more optimistic, but very challenging to recover from the pandemic and to grow at a rate of about 4.28%. The lockdown impact and shutdowns of the various construction projects due to pandemic, and government interventions have delayed the timeline for these projects which has also caused an increase in cost for them. The increasing raw materials' price and operational costs have also been a challenging factor in the construction industry. Still due to pandemic, there is a shortage of skilled & unskilledlabor forces in most of the construction markets. To overcome the pandemic construction companies are also favouring new technological trends or alternatives such as Building Information Modelling (BIM), 3D Printing, Drones, Modular construction, Prefabrication Building Systems, innovative materials like 3D graphene, self-healing materials, etc. Environment measures and sustainability will also increase the demand for recyclable materials, solar energy projects, and Green Buildings.

Premix or ready mix Plaster is one of the readymade raw material in construction industry which is used in different plastering applications on inner walls, ceilings, finishing walls, columns etc. in residential, commercial, infrastructure, industrial, and public space applications. Premix plasters are mainly prepared based of the binding materials as gypsum, lime or cement, and are supplied in bags to the on-site job. Cement based premix plaster market is estimated to have the highest market share.


Compared to conventional plasters which requires on site job of mixing all raw materials which require more labors & time, whereas the premixed plasters are prepared off-site and only require water to mix on site at a proportional quantity. Premix plaster requires low mixing time, lower curing time, and has negligible wastage. It is more environmentally friendly, provides higher durability & strengths due to special additives & polymer binders, and moreover, it does not slump, shrink or crack and adheres strongly. However, the higher cost than conventional plaster is one of the key reasons to have high competition in the market, and applications for short projects or construction for single residential buildings prefer conventional plasters over premix plasters. Owing to various benefits in applications, the demand for premix plasters have increased in the last few years.


According to AKI Research & Consulting, the global premix plaster market is estimated to account about 89.128 million tons in 2020, and is forecast to have a CAGR of 2.75% during the period 2020-2025. Middle-East & Africa is estimated to have the highest CAGR of 3.87% during the same forecast period followed by Asia-Pacific with 3.42%. In 2020, North America accounted the highest market share with 25.43%, followed by Asia-Pacific (25.11%), Europe (24.34%), and MEA (17.21%). By 2025, Asia-pacific will have the largest market share. Countries like India, Thailand, Indonesia, China, etc. will have higher rates of consumption of premix plasters with many projects pipelined. In 2020, by country, the United States accounted the largest share in the premix plasters market, followed by China, Saudi Arabia, Germany, UAE, Brazil, etc. respectively.

By end-user, the premix plaster market is segmented as Commercial Building, Residential Building, Infrastructure, and Industrial. In 2020, the Residential Building is estimated to have the highest market share, followed by Commercial Building, Industrial, and Infrastructure. In addition, the commercial building is estimated to have the highest CAGR during the forecast period. In 2021, still the covid-19 second wave cases have increased which may impact the construction industry further in order to maintain the public safety and health. In most of the countries, either many projects have been delayed further or the on-going projects are running at a limited number of labour forces to maintain safe distances and check covid-19 viruses to spread.


The premix plaster market is very fragmented with presence of global and local players and has very high competition. Large scale players play a signigficant role in very big projects, however the other small scale players have key advantages of local transportations and cost effectiveness. Some of the key players in premix plaster market includes Saint Gobain, LafargeHolcim, Saveto, JM Vibro, Conmix Ltd., Mapei Group, Finobeton S.A., AfriSam, HIL Ltd, Wacker, Cementos CAPA, Evomat, Drymix S.A.E, CEMEX S.A.B. de C.V., Saudi ReadyMix, Knauf Gips KG, Fosroc, Sika Ag, Mortar & Plaster (M&P), Plaxit, The Ramco Cements Limited, etc. among others.


Premix Plaster Market Report key highlights:

  • Segmented by Binding Materials Type, End-User Type, and Geography

  • Base Year: 2019, Estimated Year: 2020, Forecast: 2021-25 (Y-o-Y)

  • Historical Years: 2016-2018

  • Competition Analysis & Recent Developments

  • Regions: 5 (North America, South America, Europe, APAC, Middle-East & Africa)

  • Country: 20 Major Countries + Rest of Countries in Each Region

  • Company Profiles: 15+ Major Companies

For full custom market analysis reports on Premix Plaster market by region/countries, by end-user industries, by binding material types or market competition analysis, recent developments etc. Reach Us at sales@akiresearch.com

We also like to know your views and inputs on the current market scenario. Thank you all.


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