Project report for Plaster of Paris

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Introduction

In India, There is a growing industrial activity in the field of whiteware, such as pottery, sanitaryware, chemical and electrical porcelains, requiring large quantities of plaster of paris for making moulds and preparation of moulds. Trimurti is one of the largest and best quality Plaster of Paris manufacturers and dealers in India.In India, there are number of Plaster Of Paris units in Rajasthan, U.T. of Jammu and Kashmir, West Bengal, Kerla, Mahastra, Gujrat, Telangana, Andra Pradesh and Tamil Nadu of which Rajasthan has the largest number of units.There is considerable demand for plaster of paris rising from a large number of establishment engaged in end users industries. There is a good scope for setting up new units in this line of manufacture.

Plaster of Paris, quick-setting gypsum plaster consisting of a fine white powder, which hardens when moistened and allowed to dry. Known since ancient times, plaster of Paris is so called because of its preparation from the abundant gypsum found near Paris. Plaster of Paris does not generally shrink or crack when dry, making it an excellent medium for casting molds. It is commonly used to precast and hold parts of ornamental plasterwork placed on ceilings and cornices. It is also used in medicine to make plaster casts to immobilize broken bones while they heal, though many modern orthopedic casts are made of fiber glass or thermoplastics. Some sculptors work directly in plaster of Paris, as the speed at which the plaster sets gives the work a sense of immediacy and enables the sculptor to achieve the original idea quickly. In medieval and Renaissance times, gesso was applied to wood panels, plaster, stone, or canvas to provide the ground for tempera and oil painting.

Market potential & Strategy

The Global plaster of Paris market size was INR 3880.64 crores in 2019, and will expand at a CAGR of 5.6% from 2020 to 2025. There is a growing industrial activity in the field of whiteware, such as pottery, sanitaryware, chemical and electrical porcelains, requiring large quantities of plaster of Paris for making molds and preparation of molds. The demand for the product is ever increasing. There is also considerable demand for the plaster of Paris arising from a large number of shops and establishments engaged in making statues and interior decoration as well as decorative plaster boards for false ceiling etc., which is in turn creating a good scope for setting up new units. The demand is assessed in the following sector, Sanitary ware, Electrical insulators, Crockery items including ceramic art ware, table wares and allied items, Surgical bandages, Plaster boards, Miscellaneous such as chalk crayons, sculptures, jewelleries and dental impressions, statues and toys, paint, in molding and casting process of nonferrous alloys. Total world production of gypsum: 120 million tons per annum. Total estimated production of Plaster of Paris for various grades Around 50 million tons per annum. Global growth rate in demand around 1 to 2% per annum Consolidated Statement of Demand. The novel COVID-19 epidemic has affected the development of an array of industrial areas, technology sector, food & beverage industry, healthcare, and other sectors is no doubt. Instability of production and Supply chain interruption are some of the factor that is influencing the expansion of the plaster of paris market.

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