The global demand for Joint Compound Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period 2021 - 2027.
Joint compound, drywall compound, or mastic is a white powder formulation gypsum dust mixed with water to form a mud the consistency of cake frosting. It is usually intended for repairing smaller damage to drywall or plaster, such as small dings and dents, like nail holes, in walls. The joint compound helps create a smooth surface with undetectable seams. It is popular because of its quick-drying nature and less working time.
The global joint compound market is forecasted to gain growth with an increase in construction activities. Increased construction of new residences and commercial structures due to population increase, urbanization, growing purchasing power, and significant investment by industries and commercials will swell demand for joint compounds. The ready mix segment is the most lucrative segment in the global joint compound market. Ready-mix or premix joint compounds are extensively used for building construction due to their advantages. There are many benefits of choosing a ready-mix joint compound. It saves time, does not require water, delivers a high-quality finish, reduces dust and mess, and is easy to apply. All of these contribute to the global joint compound market. However, economic slowdown and availability of other alternative materials hinder the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of joint compound. The growth and trends of joint compound industry provide a holistic approach to this study.
This section of the joint compound market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
By End Use
- Ready Mix
- Setting Type
- Drying Type
- Residential Construction
- Commercial Construction
- Institutional Construction
- Industrial Construction
- New Construction
This section covers the regional outlook, which accentuates current and future demand for the Joint Compound market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Joint Compound Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the joint compound market include USG Boral, DAP Products Inc., Solid Products, Inc., ProForm Finishing Products LLC., Compagnie de Saint-Gobain S.A., Freeman Products, Inc., Supermastick S.A.S, Hamilton Drywall Products, ASG Plaster, India Gypsum Pvt. Ltd, and Chiyoda UTE Co. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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