Joint Compound Market

Joint Compound Market Analysis and Forecast by Product Type, End-use, Region, and Country, 2023–2033

Rising Renovation Activities Fuel the Expansion of the Joint Compound Market

Category: Chemicals & Materials Published Date : Oct-23 ID: CVC01124 Format: PDF Pages: 300

Joint Compound Industry Outlook

As per rigorous research by ChemView Consulting, our analysts forecast that the global joint compound market is expected to reach a valuation of USD 7624.8 million and will grow at a 5.2% CAGR during 2023 to 2033.

Key Findings on the Joint Compound Sector

  1. Which is the largest market for joint compounds?

The biggest joint compound industry is North America. As per our analysis, the region holds nearly 30.5% share of the global market.

  1. What is the largest end-use segment within the joint compound market?

As per Chem View Consulting, the largest segment by end-use is residential. As per our analysis, this segment accounts for nearly 41.3% of total revenues.

  1. At what rate is the market expected to grow?

The joint compound sector is expected to grow at a CAGR of 5.2% during the period 2023–2033.

  1. What are the major trends influencing the joint compound business expansion?
  • Technological Advancements: Innovations in joint compound formulas and application procedures are increasing efficiency and convenience of use for both professionals and home improvement enthusiasts.
  • Digitalization and E-Commerce: Online platforms are making it easier for clients to research, compare, and purchase joint compounds, which is boosting market expansion.
  1. Who are the leading players in the joint compound market?

The key companies in the business landscape are USG Boral, Solid Products, Inc., DAP Products Inc., ProForm Finishing Products LLC., Freeman Products, Inc., Compagnie de Saint-Gobain S.A., Supermastick S.A.S., ASG Plaster, India Gypsum Pvt. Ltd., Hamilton Drywall Products, Hilti, Chiyoda UTE Co. Ltd., Molyslip, AGT Products Inc., Kuiken Brothers, Westpac, Proroc, Murco Petroleum, and Knauf Gips.

Key Drivers for Joint Compound Demand

  • The expansion of the real estate and construction sectors is a major driver of the joint compound industry. As the number of residential, commercial, and industrial buildings increases, so does the demand for joint compounds used in drywall finishing.
  • In addition, as older structures are renovated and remodeled, joint compounds are necessary to repair and finish walls and ceilings. The practice of renovating existing houses helps to drive the joint compound market growth.
  • Furthermore, increasing environmental awareness and adherence to environmental rules and sustainability requirements impact building material selection. Eco-friendly joint compounds with minimal VOC (volatile organic compound) emissions and manufactured from sustainable materials gain commercial popularity.

Key Challenges Inhibiting Demand for Joint Compound

  • Joint compounds rely on raw materials such as gypsum, which might fluctuate in price. These variations can have an impact on production costs and, as a result, product pricing.
  • Moreover, economic downturns can limit construction and remodeling activity, which has a direct impact on demand for joint compounds. Market expansion may be hampered during economic downturns.

Key Challenges & Opportunities for Manufacturers in Joint Compound Market

  • Maintaining consistent product quality between batches and ensuring that the joint compound fulfills established industry requirements can be difficult. Variations in raw materials, manufacturing techniques, or equipment can all lead to quality control concerns.
  • However, manufacturers can benefit from government-funded infrastructure and construction projects, which frequently require large amounts of joint compounds.

Country/Region-wise Insights

US Joint Compound Market Forecast 

  • The increasing trend of home renovations and remodels in the US market is projected to observe significant growth in the estimated period. The US joint market is likely to account for a leading share of the global industry.
  • Additionally, technological developments in joint compound formulations, as well as increased awareness of the benefits of these compounds among construction specialists, are moving the market ahead.

Europe Joint Compound Industry Outlook 

  • A thriving construction industry propelled by an increase in infrastructure development, renovation projects, and residential construction in the Europe market is anticipated to drive sales in the market over the assessment period.
  • In addition, a growing emphasis on environmentally friendly and sustainable building materials is driving the adoption of joint compounds, which are becoming increasingly recognized for their eco-conscious properties.

Japan Joint Compound Market Analysis

  • A booming construction industry propelled by continued infrastructure development and an increase in real estate developments in the Japanese market is anticipated to drive the market over the forecasted period.
  • Additionally, the growing awareness of the need for effective wall finishing and repair work has spurred the use of joint compounds by both experts and do-it-yourself enthusiasts.

China & India Joint Compound Industry Forecast

  • Growing urbanization, renovation projects, and increased awareness of the benefits of employing joint compounds in buildings in the Chinese & Indian markets are anticipated to fuel the market over the forecast period.
  • In addition, the growing trend of interior décor and renovations boosts demand for joint compounds even further, making the market even more promising.

Joint Compound Market Outlook & Forecast by Segmentation

By Product Type 

Based on product type, the ready mix segment is expected to remain at the forefront of joint compound industry size over the assessment period. The growth is mainly because ready-mix joint compounds are created in controlled facilities, which aids in maintaining consistent quality across batches. This consistency is critical for achieving smooth and seamless plasterboard finishes. When using ready-mix compounds, users may expect consistent results without the risk of incorrect mixing ratios.

Furthermore, ready-mix joint compounds are pre-mixed and ready to use, saving both professional contractors and DIY enthusiasts time and effort. This simplicity is a primary driver of its market share because it eliminates the need for on-site mixing and ensures constant quality.

By End-use

Based on end-use, the residential segment is set to account for 41.3% of the joint compound market share over the assessment period. The growth is because residential construction is a major driver of the business development. With the world’s population and urbanization increasing, there is a constant demand for housing and residential infrastructure. As a result, joint compound is being used more frequently in homes for drywall finishing and repairs.

Furthermore, homeowners frequently engage in restoration and remodeling projects to improve their living spaces or increase the value of their residences. A joint compound is required for repairing and finishing walls and ceilings during these projects, which increases its demand in the residential sector.

Which Company Owns the Largest Share in the Joint Compound Market?

The key companies in the joint compound industry scenario are USG Boral, Solid Products, Inc., DAP Products Inc., ProForm Finishing Products LLC., Freeman Products, Inc., Compagnie de Saint-Gobain S.A., Supermastick S.A.S., ASG Plaster, India Gypsum Pvt. Ltd., Hamilton Drywall Products, Hilti, Chiyoda UTE Co. Ltd., Molyslip, AGT Products Inc., Kuiken Brothers, Westpac, Proroc, Murco Petroleum, and Knauf Gips.

Recent Developments:

  • In March 2023, Hilti, a worldwide corporation that develops, manufactures, and markets construction and building maintenance products established a strategic alliance with Canvas, a firm that specializes in robotics for the construction industry and has created a robotic drywalling system to enable people to build in bold new ways.
  • In October 2022, Molyslip, a lubricant manufacturer situated in the United Kingdom, unveiled a new tool joint compound called COPASLIP TJC at one of the biggest and most important oil and gas shows in the world.

As per our analysis, the companies that hold the largest share of the joint compound market are

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Freeman Products, Inc.

Founded in 1979 and located in Broken Arrow, Oklahoma, it has been producing high-quality drywall products that are responsive to the needs of our customers.

ProForm Finishing Products, LLC

It is a market leader in providing unique drywall finishing materials for the most challenging tasks.

DAP Products, Inc.

Established in 1957 with headquarters in Baltimore, Maryland, United States, it makes latex caulks, silicone sealants, insulating foams, adhesives, and patch & repair solutions.

Solid Products, Inc.

Founded in 2005, it has long been a prominent producer of high-quality polymers for concrete repair and joint fill systems.

USG Boral

Founded in 1902, it is a market leader in gypsum-based wall and ceiling lining systems, mineral fiber acoustical ceiling systems, metal frames, joint compounds, high-performance panels, and accessories.

What Makes this Report More Insightful than Others?

With ChemView Consulting, we’re redefining market research for the next generation. Go beyond traditional analysis and immerse yourself in a holistic exploration of business opportunities. We offer:

Actionable Business Opportunity Assessments: Navigate the business landscape with precise, actionable insights tailored for future growth.

Strategic Competitive Intelligence: Stay ahead with in-depth analysis, ensuring you always have a competitive edge.

Customer Insights Like Never Before: Understand your customer’s evolving needs, aspirations, and behaviors to drive brand loyalty and value.

Dynamic Price Tracking: Stay agile in a fluctuating market with real-time pricing intelligence.

Profitability Analysis with Precision: Dive deep into data-driven strategies that ensure optimal returns on investment.

M&A and Alliances Mastery: Navigate the complex world of mergers, acquisitions, and alliances with expert foresight.

Startup Ecosystem Tracking: Discover the next big disruptors before they make headlines.

Up-to-the-minute Regulations & Compliance Updates: Stay ahead of the regulatory curve, ensuring business continuity and compliance.

Pioneering Technological Insights: Explore the forefront of innovation, capturing trends before they shape the market.

The future is data-rich and insights-driven, and with ChemView Consulting, you are poised at the forefront. Every report is crafted to inspire, and every insight is designed to catalyze growth. Partner with us, and let’s co-create the future of your business.


The joint compound market is projected to reach a significant value of USD 7624.8 million by 2033, driven by a robust 5.2% CAGR during the period 2023–2033. Key industry players actively contributing to its growth are USG Boral, Solid Products, Inc., DAP Products Inc., ProForm Finishing Products LLC, Freeman Products, Inc., Compagnie de Saint-Gobain S.A., Supermastick S.A.S., ASG Plaster, India Gypsum Pvt. Ltd., Hamilton Drywall Products, Hilti, Chiyoda UTE Co. Ltd., Molyslip, AGT Products Inc., Kuiken Brothers, Westpac, Proroc, Murco Petroleum, and Knauf Gips. The largest market segment by end-use is residential, while North America emerges as the dominant region in this market.

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1.1. Global Market Outlook

1.2. Technology Roadmap

1.3. Supply and Demand Side Trends

1.4. Strategic Success Factors

1.5. Analysis and Recommendations

2.1. Market Taxonomy

2.2. Market Definitions

2.3. Inclusions & Limitations

3.1. Supply Side Overview

3.2. Demand Side Overview

4.1. Macroeconomic Factors

4.2. Forecast Factors

4.3. PEST Analysis

4.4. Porter’s Five Forces

4.5. Value Chain Analysis

4.6. Market Dynamics

4.6.1. Drivers

4.6.2. Restraints

4.6.3. Opportunities

4.7. Patent Analysis

4.8. Trade Analysis

4.9. Investment Feasibility Matrix

4.10. Challenges for New Entrants

4.11. Regulations Overview

4.12. Covid-19 Impact Assessment

4.12.1. Economy/Cluster Projections

4.12.2. Covid-19 Economic Assessment

4.12.3. Potential Impact on Target Market

4.12.4. Recovery Scenario

5.1. Historical Value ($ Mn) and Future Market Value ($ Mn) Projection Analysis

5.2. Demand Y-o-Y Growth Rate Analysis

5.3. Total $ Opportunity Analysis

5.4. Historical Volume (Tons) and Future Market Volume (Tons) Projection Analysis

6.1. Regional Pricing Analysis By Source

6.2. Regional Price Forecast

6.3. Profit Margin Analysis

6.4. Future Price Impact Factors

7.1. Introduction

7.2. Market Trends

7.3. Historical Market Analysis and Market Forecast Analysis

7.3.1. Ready Mix

7.3.2. Setting Type

7.3.3. Drying Type

7.4. Market Attractiveness Analysis

8.1. Introduction

8.2. Market Trends

8.3. Historical Market Analysis and Market Forecast Analysis

8.3.1. Residential

8.3.2. Commercial

8.3.3. Institutional

8.3.4. Industrial

8.4. Market Attractiveness Analysis

9.1. Introduction

9.2. Market Trends

9.3. Historical Market Analysis and Market Forecast Analysis

9.3.1. North America

9.3.2. Latin America

9.3.3. Western Europe

9.3.4. Eastern Europe

9.3.5. East Asia

9.3.6. South Asia Pacific

9.3.7. Middle East & Africa

9.4. Market Attractiveness Analysis by Region

10.1. Introduction

10.2. Key Market Trends

10.3. Pricing Analysis

10.4. Historical Market Analysis and Market Forecast Analysis

10.4.1. By Country The U.S. Canada

10.4.2. By Product Type

10.4.3. By End-use

10.5. Market Attractiveness Analysis

10.5.1. By Country

10.5.2. By Product Type

10.5.3. By End-use

10.6. Market Participants Presence Mapping

11.1. Introduction

11.2. Key Market Trends

11.3. Pricing Analysis

11.4. Historical Market Analysis and Market Forecast Analysis

11.4.1. By Country Brazil Mexico Rest of L.A.

11.4.2. By Product Type

11.4.3. By End-use

11.5. Market Attractiveness Analysis

11.5.1. By Country

11.5.2. By Product Type

11.5.3. By End-use

11.6. Market Participants Presence Mapping

12.1. Introduction

12.2. Key Market Trends

12.3. Pricing Analysis

12.4. Historical Market Analysis and Market Forecast Analysis

12.4.1. By Country Germany Italy France U.K. Spain BENELUX Nordics Rest of Western Europe

12.4.2. By Product Type

12.4.3. By End-use

12.5. Market Attractiveness Analysis

12.5.1. By Country

12.5.2. By Product Type

12.5.3. By End-use

12.6. Market Participants Presence Mapping

13.1. Introduction

13.2. Key Market Trends

13.3. Pricing Analysis

13.4. Historical Market Analysis and Market Forecast Analysis

13.4.1. By Country Poland Russia Baltics Balkans Rest of Eastern Europe

13.4.2. By Product Type

13.4.3. By End-use

13.5. Market Attractiveness Analysis

13.5.1. By Country

13.5.2. By Product Type

13.5.3. By End-use

13.6. Market Participants Presence Mapping

14.1. Introduction

14.2. Key Market Trends

14.3. Pricing Analysis

14.4. Historical Market Analysis and Market Forecast Analysis

14.4.1. By Country China Japan South Korea

14.4.2. By Product Type

14.4.3. By End-use

14.5. Market Attractiveness Analysis

14.5.1. By Country

14.5.2. By Product Type

14.5.3. By End-use

14.6. Market Participants Presence Mapping

15.1. Introduction

15.2. Key Market Trends

15.3. Pricing Analysis

15.4. Historical Market Analysis and Market Forecast Analysis

15.4.1. By Country India ASEAN ANZ Rest of SAP

15.4.2. By Product Type

15.4.3. By End-use

15.5. Market Attractiveness Analysis

15.5.1. By Country

15.5.2. By Product Type

15.5.3. By End-use

15.6. Market Participants Presence Mapping

16.1. Introduction

16.2. Key Market Trends

16.3. Pricing Analysis

16.4. Historical Market Analysis and Market Forecast Analysis

16.4.1. By Country GCC Countries Turkey South Africa Rest of MEA

16.4.2. By Product Type

16.4.3. By End-use

16.5. Market Attractiveness Analysis

16.5.1. By Country

16.5.2. By Product Type

16.5.3. By End-use

16.6. Market Participants Presence Mapping

17.1. Market Concentration Analysis

17.2. Tier Structure Breakdown

17.3. Market Share Analysis

17.4. Production Capacity Analysis

17.5. Key Strategies Adopted by Top Players

17.6. Start-up Ecosystem

17.6.1. New Player Entry

17.6.2. Strategies Adopted by New Players

17.7. Company Footprint Analysis

17.7.1. Vehicle Type Footprint

17.7.2. Regional Footprint

17.8. Competitive Dashboard

18.1. USG Boral

18.1.1. Company Overview

18.1.2. Product Portfolio

18.1.3. Locations

18.1.4. Financial Analysis

18.1.5. Recent Developments

18.1.6. SWOT Analysis

18.1.7. Strategy Overview

18.2. Solid Products, Inc.

18.3. DAP Products Inc.

18.4. ProForm Finishing Products LLC.

18.5. Freeman Products, Inc.

18.6. Compagnie de Saint-Gobain S.A.

18.7. Supermastick S.A.S

18.8. ASG Plaster

18.9. India Gypsum Pvt. Ltd

18.10. Hamilton Drywall Products

18.11. Hilti

18.12. Chiyoda UTE Co. Ltd.

18.13. Molyslip

18.14. AGT Products Inc.

18.15. Kuiken Brothers

18.16. Westpac

18.17. Proroc

18.18. Murco Petroleum

18.19. Knauf Gips.