According to the latest report by IMARC Group, titled "South Africa Wall Putty Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the South Africa white cement-based wall putty market reached a volume of 8,388 Tons in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Wall putty is a fine mixture of white cement, water, mineral, and polymer powder. It is primarily coated on plastered walls to strengthen the base, level the surface, provide a smooth paint finish, and fill pores in ceilings and walls. Wall putty offers additional benefits, such as resistance to water and impact, ease of shape, few shrinkage cracks, lightweight, high adhesion and flexural strength, and low maintenance costs. On account of these properties, it is extensively utilized by builders and construction companies as a substitute for gypsum plaster.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends:
The wall putty market in South Africa is majorly being driven by the economic development in the country, which has led to a significant increase in infrastructure projects. The rising population, inflating disposable incomes, and rapid urbanization are further facilitating the product demand across the country. Additionally, the increasing awareness regarding the benefits of wall putty, such as extending the shelf life of the paint, is further creating a positive outlook for the market.
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Key Market Segmentation:
Market Breakup by Type:
- Fine Finish
- Coarse Finish
Market Breakup by Sector:
- Residential
- Commercial
- Industrial
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter's Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.