Getting plastered: The commercial market has been more lucrative for industry operators

The Plastering industry plays an essential role in the completion of most buildings. The industry's performance is contingent on cyclical demand trends from downstream building construction markets, particularly the new residential construction market, which generates the largest share of industry revenue. The industry has been persistently challenged by a shortage of skilled labour across the UK construction sector, limiting productivity.Over the five years through 2019-20, industry revenue is forecast to grow at a compound annual rate of 14.7%, to reach £2.9 billion. Early in the period, the industry recovered from waning consumer confidence, a depressed housing market and economic downturn post-financial crisis...read more.

Industry Statistics & Market Size
Revenue
£2.9bn
Annual Growth 15-20
14.7%
Forecast Growth 20-25
Profit
Employment
18,141
Businesses
5,705
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Government schemes enabling consumers to climb the property ladder stimulated demand
  • Plastering contractors have been incentivised to invest in human capital
  • Low consumer confidence limits household expenditure on specialist plastering services
  • Industry Report - Industry Key Buyers Chapter

    The Plastering industry has a low level of market share concentration. Three of the largest plastering contractors in the United Kingdom – Stanmore Contractors, The BDL Group and Red Rose Drylining – are estimated to account for just 5.6% of industry revenue in 2019-20. The industry is highly fragmented, characterised by a preponderance of small-scale, regionally dispersed contracting firms. Although Stanmore Contractors and the BDL Group are multi-establishment enterprises that operate across the national market, the overwhelming majority operators maintain a single establishment and hold less than 0.1% market share.The fragmented nature of the industry is evidenced by the distribution of enterprises by employment size and revenue. Acc...purchase to read more.

    Additional Insights for the Plastering Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Plastering Industry are

  • Having a good reputation
  • Access to highly skilled workforce
  • Having good working relationships with subcontracting building trade specialists
  • IBISWorld analysts also discuss how external factors such as Demand from residential building construction and Demand from commercial building construction in the Plastering industry impact industry performance..

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    What's in this report

    What is the Plastering Industry?

    This industry consists of contractors that install plaster wallboard and ornamental plaster products, finish and render walls, and apply solid or fibrous plastering. Contractors also install wall systems and laths before applying plaster, and repair existing buildings and structures.

    Industry Products
  • Dry lining or drywall contracting
  • Solid plastering
  • Rendering
  • Fibrous plastering
  • Industry Activities
  • Taping and fixing plaster wallboard
  • Installing ceiling roses and cornices
  • Solid and fibrous plastering
  • Rendering the interior and exterior of buildings
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from residential building construction
  • Demand from commercial building construction
  • Consumer confidence index
  • Mortgage rate

  • Current Performance
  • Housing market
  • Competitive landscape
  • Do-it-yourself
  • Chart: Revenue Growth

  • Industry Outlook
  • Residential demand
  • Commercial concerns
  • Skilled tradespeople
  • Table: Plastering Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Plastering Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Commercial Building Construction
  • Residential Building Construction
  • General Insurance

  • Key Selling Industries
  • Building Plaster Product Manufacturing
  • Construction Supplies Wholesaling
  • Hardware, Plumbing & Heating Equipment Wholesaling
  • Scaffolding Services

  • Products & Services
  • Dry lining or drywall contracting
  • Solid plastering
  • Rendering
  • Fibrous plastering
  • Chart: Plastering Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential
  • Private non-residential
  • Public non-residential
  • Chart: Major Market Segmentation for the Plastering Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    WagesPurchasesProfitOtherSubcontractors
  • Chart: Cost Structure Benchmarking – Sector vs Plastering

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Plastering Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Plastering Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Plastering Industry
    Includes:
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Marketing (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Dry Lining Or Drywall
  • A rigid plasterboard made of layers of paper bonded to a gypsum plaster core.
  • Exterior Insulation And Finishing System (Eifs)
  • A lightweight synthetic wall cladding that provides superior energy efficiency and offers much greater design flexibility.
  • Fibrous Plastering
  • A combination of plaster of Paris, hessian and other materials used to create decorative plasterwork.
  • Screeding
  • Applying a levelled layer of material, usually cement, to a floor.
  • Solid Plastering
  • Rendering a surface using plaster mixture on a backing of wooden lathes or hessian. This technique has largely been replaced by plaster drywall.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Plastering market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Plastering:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Plastering market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Plastering, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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