Joint Compound Market Expected to Reach USD 9.2 Billion by 2032 | Growing at a CAGR of 6.5%

Market Research Future (MRFR) has published a cooked research report on the “Global Joint compound Market” that contains information from 2018 to 2032. The joint compound market is estimated to register a CAGR of 6.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global joint compound market— Knauf Gypsum Pty Ltd., 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, and India Gypsum Pvt. Ltd.

Market Highlights

The global joint compound market is accounted to register a CAGR of 6.50% during the forecast period and is estimated to reach USD 9.2 billion by 2032.

The continuous growth of the construction industry worldwide, fueled by urbanization, infrastructure development, and housing demand, propels the demand for joint compound as an essential material for drywall installation and finishing. Additionally, the increasing adoption of advanced building technologies and green construction practices further boosts market growth, with manufacturers introducing eco-friendly formulations to meet sustainability goals. The surge in renovation and remodeling activities globally, driven by aging infrastructure and changing consumer preferences, presents lucrative opportunities for the joint compound market. Moreover, as global trade and collaborations facilitate the exchange of best practices and technologies, market players benefit from enhanced innovation and market expansion.

Segment Analysis

The global joint compound market has been segmented based on product type, end use, and application.

On the basis of product type, the market is segmented into ready mix, setting type, and drying type. The ready mix segment was attributed to holding the largest market share in 2022. The overall demand for ready mix materials is anticipated to increase because to the rising tendency in building projects towards convenience and time-efficiency. Additionally, the sales are expected to be driven by the spike in restoration and refurbishment operations across the institutional, commercial, and residential sectors.

Based on end use type, the global joint compound market has been segmented into residential construction, commercial construction, institutional construction, and industrial construction. The residential construction segment was expected to hold the largest market share in 2022. New residential constructions are required due to the ongoing demand for housing brought on by urbanisation and population increase. Moreover, the growth in remodelling and renovation projects in the residential sector drives joint compound sales.

Based on application, the global joint compound market has been segmented into new construction, and refurbishments. The refurbishments segment was expected to hold the largest market share in 2022. Many regions are experiencing an increase in refurbishment operations due to their ageing infrastructure, and retrofitting buildings are seeing an increase in renovation projects because to the growing emphasis on sustainability and energy efficiency.

Regional Analysis

The global joint compound market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe joint compound market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The joint compound market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World joint compound market comprises of Middle East, Africa, and Latin America.

Sales of joint compound are poised for growth in North America due to robust residential construction activity, driven by population growth and urbanization. Additionally, stringent building codes necessitate the use of high-quality finishing materials like joint compound. Furthermore, the trend towards sustainable construction practices boosts demand for eco-friendly joint compound formulations, aligning with the region's green building initiatives. Moreover, the prevalence of DIY home improvement projects in North America contributes to increased consumption of joint compound among homeowners and contractors alike.

In Europe, the sales of joint compound are expected to rise as a result of extensive refurbishment projects in aging buildings and infrastructure. The region's focus on energy efficiency and sustainability drives demand for joint compound products that meet stringent environmental standards. Moreover, the influx of migrants and refugees fuels residential construction, creating opportunities for joint compound manufacturers. Furthermore, the growing popularity of prefabricated construction methods necessitates the use of joint compound for seamless finishes in modular building components. Additionally, Europe's emphasis on historical preservation and restoration projects contributes to the demand for specialized joint compound formulations tailored for heritage buildings.

Additionally, the Asia Pacific region presents immense growth potential for joint compound sales, driven by rapid urbanization and industrialization. The burgeoning construction industry in countries like China and India fuels demand for joint compound in both residential and commercial projects. Additionally, government initiatives promoting affordable housing and infrastructure development further stimulate market growth. Moreover, the rising middle-class population in the region drives investment in real estate and renovation projects, boosting the consumption of joint compound. Furthermore, the shift towards high-rise construction and modern architectural designs necessitates the use of joint compound for flawless finishes in skyscrapers and commercial complexes.

Furthermore, the construction boom in Gulf countries, driven by oil wealth and tourism, creates a significant demand for joint compound in luxury real estate and commercial projects. Furthermore, the need for rapid urbanization and housing development in African nations fuels the consumption of joint compound in affordable housing projects. Additionally, the region's extreme climate conditions require durable and weather-resistant joint compound formulations, driving innovation in product development. Moreover, government investments in public infrastructure projects and initiatives to improve living standards contribute to the growth of the joint compound market in the rest of the world

Key Findings of the Study

• The global joint compound market is expected to reach USD 9.2 billion by 2032, at a CAGR of 6.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to rising growth of construction industry and ongoing innovations in joint compound formulations.


• Based on product type, the ready mix segment was attributed to holding the largest market in 2022, with an approximate market share of 65%–70%.


• Knauf Gypsum Pty Ltd., 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, and India Gypsum Pvt. Ltd.

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