Joint Compounds Market Size - By Product Type (Setting Type, Drying Type, Ready Mix), By Application Area (Drywall Joints, Ceiling Joints, Corner Bead, Texturing), By End-User (Residential Construction, Commercial Construction, DIY Enthusiasts) & Forecast, 2024 – 2032

Joint Compounds Market Size

Joint Compounds Market was valued at around USD 5 billion in 2023 and is anticipated to grow at a CAGR of 6.1% between 2024 and 2032. These compounds, commonly known as drywall mud or plaster, play a pivotal role in the finishing stages of drywall installation, providing a smooth and seamless surface. The market has expanded in response to the escalating demand for high-quality finishing in both residential and commercial construction projects. Factors such as urbanization, population growth, and an increasing focus on interior aesthetics have propelled the demand for joint compounds.
 

Additionally, advancements in technology have led to the development of innovative formulations, enhancing the performance and ease of application of these compounds. Gypsum-based joint compounds, in particular, have gained prominence due to their favorable properties, including durability, ease of sanding, and environmental sustainability. The construction boom in emerging economies has further fueled the market's expansion, as these regions witness a surge in infrastructure development.
 

In addition, other ingredients like polymers and additives contribute to the formulation, and their prices can be equally volatile. Manufacturers often find themselves navigating a complex landscape where unexpected spikes in raw material costs can lead to increased production expenses, ultimately affecting product pricing and market competitiveness. Such fluctuations may compel companies to either absorb the additional costs, potentially impacting profitability, or pass them on to consumers, risking potential market share loss in price-sensitive segments.
 

Joint Compounds Market Trends

In response to evolving design preferences, customization has become a key trend in the joint compounds industry. Manufacturers are offering a diverse range of textures and finishes, allowing architects and builders greater flexibility in achieving unique and aesthetically pleasing interior surfaces. Furthermore, technological advancements are playing a pivotal role in enhancing the performance and application of joint compounds. The market is experiencing a surge in innovative formulations that offer improved workability, faster drying times, and enhanced durability, catering to the demand for efficiency in construction projects. Automation and smart application techniques are also gaining traction, streamlining the installation process and ensuring consistent and high-quality finishes.
 

Joint Compounds Market Analysis

The setting type segment was worth USD 2.07 billion in 2023. Setting-type joint compounds are characterized by their chemical reaction-based hardening process. These compounds are renowned for their quick drying and setting times, making them ideal for projects that require expedited completion.
 

The drywall Joints segment held approximately 57.4% of the market share in 2023 and is expected to grow at a lucrative pace by 2032. Joint compounds designed for drywall joints play a crucial role in creating seamless and polished surfaces, contributing to the overall aesthetic appeal of interior spaces. Ceiling joints represent another significant segment, emphasizing the importance of joint compounds in achieving smooth and visually appealing transitions between ceiling elements.
 

The residential construction claims a substantial market share as joint compounds play a crucial role in achieving flawless finishes in homes, emphasizing the aesthetic appeal and durability of interior spaces. The demand for high-quality joint compounds in residential settings stems from the growing emphasis on interior aesthetics and customization.
 

North American region dominated the joint compounds market with majority market share and a revenue of USD 1.72 billion in 2023, influenced by the robust construction activities in both residential and commercial sectors. The demand for joint compounds in North American residential construction is driven by a flourishing real estate market, where homeowners prioritize impeccable finishes in interior spaces. The use of joint compounds in drywall installations and other applications is integral to achieving high-quality aesthetics. The region's thriving business environment and continuous infrastructure development contribute to the demand for joint compounds, particularly in creating polished surfaces in office complexes, retail spaces, and other commercial structures.
 

Joint Compounds Market Share

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

The joint compounds industry is fragmented with a large number of players, both global and regional. The key players in the market include USG, Knauf, National Gypsum, Saint Gobain, etc.  Players are competing on the basis of price, quality, product innovation, and distribution channels.
 

ASG Plaster presents a comprehensive array of products tailored for the plastering sector, encompassing a variety of plaster compounds, adhesives, and sealants. Designed to address diverse plastering applications, these products guarantee robust adhesion, effortless application, and long-lasting finishes. ASG Plaster is committed to providing top-notch performance, specifically tailored to meet the unique requirements of plastering professionals.
 

Joint Compounds Market Companies

Some of the major market players operating in the joint compounds industry are:

• USG Boral
• DAP Products Inc
• National Gypsum Company
• ProForm Finishing Products LLC
• Solid Products Inc
• Freeman Products, Inc
• Supermastick S.A.S
• Compagnie de Saint-Gobain S.A
• Hamilton Drywall Products
• ASG Plaster
• India Gypsum Pvt. Ltd
• Chiyoda UTE Co. Ltd
• Continental Building Products
• VANS Gypsum
• Knauf Gips
   

Joint Compounds Industry News

In April 2019, Knauf successfully acquired USG Corporation, resulting in the formation of a global leader in the building materials industry. This strategic acquisition enhances the company's ability to meet customer needs by harnessing the synergies between two highly complementary businesses. The consolidation of their product portfolios and global footprints positions the newly formed entity as a formidable force in the industry, well-equipped to provide comprehensive solutions to its diverse customer base.
 

This joint compounds market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Kilo Tons from 2018 to 2032, for the following segments:

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Market, By Product Type

• Setting type
• Drying type
• Ready Mix

Market, By Application Areas

• Drywall Joints
• Ceiling Joints
• Corner Bead
• Texturing
• Other

Market, By End-User

• Residential Construction
• Commercial Construction
• DIY Enthusiasts
• Other

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt