Building Plaster Product Manufacturing in the UK - Market Research Report (2014-2029)
London, United Kingdom
Last Updated: September 2024
SIC C23.620Revenue
£1.2bn
Past 5-Year Growth
Profit
£XXX.Xm
Employees
2,991
Businesses
30
Wages
£XXX.Xm
Building Plaster Product Manufacturing in the UK industry analysis
In recent years, demand has been supported by policies intended to boost housing construction. Continued policy support, like the Help to Buy Scheme extension through March 2023, continued to boost demand from the residential construction market. Building plaster product manufacturers have also benefitted from the shift towards lightweight dry construction methods, aiding revenue growth. Demand for innovative building plastering products that are more insulating, sustainable, fire-resistant or lightweight has been robust, which has benefitted the industry.
Trends and Insights
- Construction activity is slow to recover in the face of economic headwinds. Rising borrowing costs and economic uncertainty are subsiding and investment is slowly increasing as demand for building plaster products grows.
- Housing investment boosts demand. Government funding for residential construction, including a £24 billion multi-year housing investment and the £11.5 billion Affordable Homes Programme, drives demand from residential construction companies.
- High construction activity draws manufacturers to the South East. Affluent households within London's commuter belt have more money to invest in residential and commercial projects, increasing demand for plaster product suppliers in the region.
- Manufacturers compete on price and availability. Minimal quality variation forces them to focus on competitive pricing, stock availability and efficient distribution networks to keep sales flowing.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 2.5 % over the past five years, to reach an estimated £1.2bn in 2024.
Trends and Insights
The UK’s tough economic outlook hindered growth in the construction sector
- UK construction activity had limited growth in 2023, driven by a 1.1% decline in private new housing, according to the ONS. This was due to high borrowing costs from interest rate hikes beginning to bite and investors delaying projects amid the gloomy economic outlook, hurting demand for building plaster.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Construction activity will experience a slow recovery
- According to the Construction Products Association, construction output is expected to fall by 2.9% in 2024, followed by a 2% rise in 2025. Interest rates peaked in 2023-24 and will likely remain high through 2024-25, deterring investment activity.
Biggest companies in the Building Plaster Product Manufacturing in the UK
| Company | Market Share (%)
2025 | Revenue (£m)
2025 |
|---|---|---|
Saint-Gobain Construction Products UK Ltd | 675.3 | |
Etex Building Performance Ltd | 233.6 | |
Knauf (UK) GmbH | 174.1 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Plasterboard , Premixed and bagged plaster and Specialised plaster products. Plasterboard is the largest segment of the Building Plaster Product Manufacturing in the UK.
Trends and Insights
Interest rate hikes hit demand for plasterboard
- A plasterboard is a rigid board consisting of a layer of plaster compressed between layers of fibre or paperboard. Calcium sulphate dihydrate (gypsum) is a key material input involved in the manufacture of plasterboard.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Concrete Construction Product Manufacturing in the UK
- Ready-Mixed Concrete Manufacturing in the UK
Complementors
- Lime & Plaster Manufacturing in the UK
- Plastering in the UK
International industries
- Gypsum Product Manufacturing in the US
- Plaster Product Manufacturing in Australia
Table of Contents
About this industry
Industry definition
Companies in this industry manufacture gypsum-based plaster products for use in construction. This includes products that are faced or reinforced with paper or paperboard like plasterboard and non-reinforced plaster products like premixed and bagged plasters.
What's included in this industry?
PlasterboardSpecialised plaster productsPremixed and bagged plasterPlaster coving, cornices and ceiling rosesCompanies
Saint-Gobain Construction Products UK LtdEtex Building Performance LtdKnauf (UK) GmbHPurchase this report to view all 3 major companies in this industry.
Related Terms
PLASTERBOARDGYPSUMCORNICECEILING ROSEIndustry Code
SIC 23.62 - Building Plaster Product Manufacturing in the UK
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Construction activity is slow to recover in the face of economic headwinds. Rising borrowing costs and economic uncertainty are subsiding and investment is slowly increasing ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Housing investment boosts demand. Government funding for residential construction, including a £24 billion multi-year housing investment and the £11.5 billion Affordable Home...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
High construction activity draws manufacturers to the South East. Affluent households within London's commuter belt have more money to invest in residential and commercial pr...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Manufacturers compete on price and availability. Minimal quality variation forces them to focus on competitive pricing, stock availability and efficient distribution networks...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Saint-Gobain faces shrinking profit. The depreciation of the pound, supply chain disruptions and rising energy costs have increased input costs and squeezed the company's mar...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Saint-Gobain Construction Products UK Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Etex Building Performance Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Knauf (UK) GmbH's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Saint-Gobain Construction Products UK Ltd, and factors influencing its performance in the industry
- Description and key data for Etex Building Performance Ltd, and factors influencing its performance in the industry
- Description and key data for Knauf (UK) GmbH, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Stricter regulations fuel growth. The implementation of the Fire Safety Act and Building Safety Act boosts demand for fire-resistant building plaster products.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Plaster manufacturers contend with volatile profit. Cyclical trends in downstream construction markets and COVID-related disruptions have spurred the industry's profit margin...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2018-2022)
- Coverage Ratios (2018-2022)
- Leverage Ratios (2018-2022)
- Operating Ratios (2018-2022)
- Assets (2018-2022)
- Liabilities (2018-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the UK include:
- Office for National Statistics
- Office for Budget Responsibility
- Bank of England
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Building Plaster Product Manufacturing in the UK industry in United Kingdom in 2024?
The market size of the Building Plaster Product Manufacturing in the UK industry in United Kingdom is £1.2bn in 2024.
How many businesses are there in the Building Plaster Product Manufacturing in the UK industry in 2024?
There are 30 businesses in the Building Plaster Product Manufacturing in the UK industry in United Kingdom, which has declined at a CAGR of 3.6 % between 2019 and 2024.
Has the Building Plaster Product Manufacturing in the UK industry in United Kingdom grown or declined over the past 5 years?
The market size of the Building Plaster Product Manufacturing in the UK industry in United Kingdom has been declining at a CAGR of 2.5 % between 2019 and 2024.
What is the forecast growth of the Building Plaster Product Manufacturing in the UK industry in United Kingdom over the next 5 years?
Over the next five years, the Building Plaster Product Manufacturing in the UK industry in United Kingdom is expected to grow.
What are the biggest companies in the Building Plaster Product Manufacturing in the UK market in United Kingdom?
The biggest companies operating in the Building Plaster Product Manufacturing market in United Kingdom are Saint-Gobain Construction Products UK Ltd, Etex Building Performance Ltd and Knauf (UK) GmbH
What does the Building Plaster Product Manufacturing in the UK in United Kingdom include?
Plasterboard and Specialised plaster products are part of the Building Plaster Product Manufacturing in the UK industry.
Which companies have the highest market share in the Building Plaster Product Manufacturing in the UK in United Kingdom?
The company holding the most market share in United Kingdom is Saint-Gobain Construction Products UK Ltd.
How competitive is the Building Plaster Product Manufacturing in the UK industry in United Kingdom?
The level of competition is high and steady in the Building Plaster Product Manufacturing in the UK industry in United Kingdom.
