Growth in Construction Sectors Expected to Drive Global Lime Plaster Market: Ken Research
Lime plaster is a type of plaster formed out of sand, water, and lime. It is similar to lime mortar, however the major difference is based on its use and area of application than the composition. Mortar for lime plaster is typically prepared by a proportionate mix of sand and lime for improvising the strength, a slight quantity of cement is added to the mixture. Lime plaster practices a light, clean, and durable surface that is resistant to weather and mold.
Lime plaster is also used for repairing and defending walls from rain, but it also allows the walls to dry out. Cement stuccos retain water and can cause serious loss to earth walls in cool climates. It is penetrable and permits diffusion and evaporation of moisture. It has a high pH that turns as a fungicide, meaning fungus will not grow in lime plaster. Plaster prepared from lime as it is less brittle and has a smaller chance for cracking the cement plaster and involves no growth of joints. It is less impacted by water and will not so often or dissolvable as drywall and earthen or the gypsum plaster. Unlike the gypsum or the clay plaster, lime plaster is further durable enough to use and render on the exterior of buildings.
According to study, “Global Lime Plaster Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global lime plaster market are Packed products, Limebase Products, Tagawa Sangyo, Eden Lime Mortar, Rockcote, Limebase Products, Hanson, Lime Works, Graymont, Bericalce
Based on type, lime plaster market is segmented into hydrated lime and non-hydraulic lime. The key difference between the two of its type is that hydraulic lime sets through hydrolysis that has reacts with water whereas non hydraulic lime sets through carbonation which reacts with air. Non Hydraulic Lime is bit softer and more flexible than its hydraulic equivalent and sets at bit slower ratio. Hydraulic Lime sets faster and is bit more durable being similar to properties related to cement. This creates hydraulic lime ideal for exterior work as a lime render, especially when damp conditions are expected. In addition, based on application, market is segmented into masonry, plasterboard and wood-fibre insulation panels.
The construction sector is one of the key source of industry for the lime plaster demand, as lime products are combined into numerous building materials and plaster is mostly used for manufacturing plasterboard, which further fitted into residential and commercial buildings. The diverse nature of industry demand has moderated the limiting effects of declines in some downstream industries, coupled with robust rise in construction activity. The market is further driven by increase in disposable incomes, rapid product modernization and growth in industrial advancements. However, high cost of lime plaster may sway the market. Moreover, rise in industrialization is a key opportunity for market over the forecast period.
In upcoming years, it is estimated that future of the market will be bright as a result of growth in industrialization during the forecast period.
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Ankur Gupta, Head Marketing & Communications