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Joint Compounds Market Trends

Report ID: GMI7747
Published Date: Dec 2023
Report Format: PDF

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Joint Compounds Market Trends

In response to evolving design preferences, customization has become a key trend in the joint compounds industry. Manufacturers are offering a diverse range of textures and finishes, allowing architects and builders greater flexibility in achieving unique and aesthetically pleasing interior surfaces. Furthermore, technological advancements are playing a pivotal role in enhancing the performance and application of joint compounds. The market is experiencing a surge in innovative formulations that offer improved workability, faster drying times, and enhanced durability, catering to the demand for efficiency in construction projects. Automation and smart application techniques are also gaining traction, streamlining the installation process and ensuring consistent and high-quality finishes.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of joint compounds was worth USD 5 billion in 2023 and is estimated to reach USD 8.55 billion by 2032, due to the escalating demand for high-quality finishing in both residential and commercial construction projects.

Setting type segment accounted for over USD 2.07 billion in 2023 and will significantly through 2032 as these compounds are renowned for their quick drying and setting times.

North American joint compounds market size exceeded USD 1.72 billion in 2023 and is anticipated to expand at a significant pace from 2024 to 2032, as the region is significantly influenced by the robust construction activities in both residential and commercial sectors.

USG Boral, DAP Products Inc., National Gypsum Company, ProForm Finishing Products LLC, Solid Products Inc., Freeman Products, Inc., Supermastick S.A.S, Compagnie de Saint-Gobain S.A., Hamilton Drywall Products, ASG Plaster, India Gypsum Pvt. Ltd, Chiyoda UTE Co. Ltd., Continental Building Products, VANS Gypsum, and Knauf Gips.