Joint Compound Market Value to Grow by Almost USD 2,606.65 million by 2029 with Constant CAGR 4.20% | Key Manufacturer: USGKnauf , DAP Global Inc., Solid Products, Inc., National Gypsum Services Company

Joint Compound Market Analysis and Size

The market for joint compounds has grown steadily over the years. Although the market has witnessed a huge demand drop in 2020 as a result of the epidemic. However, owing to their frequent use in the residential sector for various construction purposes, the market has accelerated. Additionally, the various growth strategies adopted by manufacturers are also anticipated to have a positive impact on the market for these compounds over the forecasted timeline.

Data Bridge Market Research analyses that the joint compound market is expected to undergo a CAGR of 4.20% during the forecast period. This indicates that the market value, which was USD 1,875.60 million in 2021, would rocket up to USD 2,606.65 million by 2029.  In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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Market Definition

A joint compound is often referred to as drywall compound, mastic, or drywall mud. Gypsum dust and water are combined to create a white powder. Joint compounds are used with fiber or paper fiber joint tape to seal the joints between sheets of drywall. The joint compound produces a seamless substrate for paint on the interior walls.

An international Joint Compound market research report is an all-inclusive background analysis of the industry which includes an assessment of the parental market. The business report is a professional and detailed market study focusing on primary and secondary drivers, market share, leading segments, and geographical analysis. The market report also aids in prioritizing market goals and attaining profitable business. This industry report gives an examination of various segments that are relied upon to witness the quickest development amid the estimated forecast frame. A Joint Compound marketing report consists of the most recent market information with which companies can attain an in-depth analysis of this industry and future trends.

Competitive Landscape and Joint Compound Market Share Analysis

The joint compound market competitive landscape provides details about competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the joint compound market.

Some of the major players operating in the joint compound market are:
USGKnauf (Malaysia)
DAP Global Inc. (U.S.)
Solid Products, Inc. (U.S.)
National Gypsum Services Company (u.S.)
Saint-Gobain (France)
Hamilton Drywall Products (U.S.)
ASG Group (Australia)
India Gypsum Pvt. Ltd (India)
Chiyoda UTE Co. Ltd (japan)
Knauf Gips KG (Germany)
Etex Group (Belgium)
Holcim (Switzerland)
YOSHINO GYPSUM CO., LTD (Japan)
Mada Gypsum (Saudi Arabia)
ZAWAWI MINERALS LLC (Oman)
Gypsemna Co LLC (UAE)
Global Mining Company (Oman)
Gulf Gypsum Industrial (UAE)
VANS Gypsum (India)
Osman Group (Bangladesh)

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COVID-19 Impact on Joint Compound Market

The outbreak of covid-19 has adversely affected the growth of several markets. During this pandemic, the government has imposed a lockdown across several countries which have also negatively impacted the growth of the joint compound market. Limited demand and production and delays in transportation due to travel restrictions created obstacles in the market. Disruption in the supply chain of building materials and residential construction sector with no labor in hand and suspension of several construction permits have all led to the decline in the growth of the overall market of Joint compounds.

Global Joint Compound Market Scope

The joint compound market is segmented on the basis of product and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product
Lightweight
Conventional

End User
Residential-
Commercial
Industrial

Joint Compound Market Regional Analysis/Insights

The joint compound market is analyzed and market size insights and trends are provided by country, product, and end-user as referenced above.

The countries covered in the joint compound market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the joint compound market due to the growing demand for joint compounds in the construction sector in this region.

Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to the rapid rate of industrialization and urbanization in the region.

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Table of Contents:

Global Joint Compound Market Research Report 2029

 Chapter 1 Joint Compound Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

 Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

 Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

…

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