Press release
Joint Compound Market is likely to register double digit CAGR during 2021-2031 | USG Boral, DAP Products Inc., Solid Products Inc., ProForm Finishing Products LLC
Joint Compound Market
A joint compound is a type of construction material that is used for finishing drywall joints and corners in new drywall installations. It is also known as drywall compound, joint cement, or mud. A joint compound is a white powder that is mixed with water to form a putty-like consistency. It is applied to drywall joints with a putty knife or trowel and then allowed to dry. Once dry, the joint compound can be sanded smooth and painted over.
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Key Trends
The key trends in joint compound technology are better adhesion, improved workability, and reduced shrinkage.
Adhesion has been improved through the use of new binders and fillers that better anchor the joint compound to the wall surface. This gives the joint compound greater strength and durability, allowing it to better withstand the stresses of sanding and painting.
Workability has been improved through the use of new additives that make the joint compound easier to spread and smoother to sand. This makes the joint compound easier to work with and results in a better-finished product.
Shrinkage has been reduced through the use of new binders and fillers that reduce the amount of water that is released during the drying process.
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Key Drivers
The key drivers of the Joint Compound market are the increasing demand for ready-to-use joint compounds, the growing construction industry, and the increasing popularity of do-it-yourself projects.
The increasing demand for ready-to-use joint compounds is driven by the growing construction industry. The construction industry is growing due to the increasing population and the growing economy.
The increasing popularity of do-it-yourself projects is also driving the demand for joint compounds. Homeowners and renters are increasingly doing their own renovations and repairs.
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Market Segmentation
By Type
Ready Mix
Setting
Drying
By Application
New Construction
Refurbishments
Key Players
The global joint compound market includes players such as 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 others.
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Reasons to buy Joint Compound Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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