About Joint Compound
Joint compound is also known as mastic or drywall compound. It is a white powder of primarily gypsum dust mixed with water to form a mud the consistency of cake frosting, which is used with fiber or paper joint tape to seal joints between sheets of drywall to create a seamless base for paint on interior walls. It is often referred to simply as joint cement or as mud.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Joint Compound market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Joint Compound Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Joint Compound market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
USG Corporation (United States), Georgia-Pacific LLC (United States), CertainTeed Corporation (United States), Everbuild (United Kingdom), DuPont (United States), Continental AG (Germany), Finish Line Products Inc. (United States), CGC Inc. (Canada), Freeman Products, Inc. (United States) and Lipsitz & Ponterio, LLC (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Magnum Products (United States) and Solid Products, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Joint Compound market by Type (Single Joint Compound and Multi Joint Compound), Application (Residential and Commercial) and Region.
On the basis of geography, the market of Joint Compound has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. E-Commerce will boost the Joint Compound market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Growing Construction and Adhesive Industry and Rapid Rate of Urbanization and Rising Disposable Income
Restraints:
Joint Compound May Lead To Delamination Problem If Not Used According To Specification with High Price
Opportunities:
The Emerging Demand from Developing Countries
Market Leaders and their expansionary development strategies
In April 2019, Knauf completed the acquisition of leading joint compound manufacturer USG Corporation. The acquisition was done to expand company's geographical footprints in building material applications around the world and to meet growing demand from consumers.
In November 2022, UK based lubricant manufacturer, Molyslip, launched a new tool joint compound, COPASLIP TJC at one of the world’s largest and most influential oil and gas events – The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).
Key Target Audience
Joint Compound Manufacturers, Joint Compound Raw Material Suppliers, Joint Compound Traders/Distributors, Joint Compound Importer/Exporter, Regulatory & Government Bodies, Research & Consulting Firms, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.