Market Overview:
The global drywall joint compound market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for drywall joint compounds in construction and household applications. In terms of type, the taping compound segment is expected to lead the global drywall joint compound market during the forecast period, followed by topping compound and all-purpose compound segments. The growth in this segment can be attributed to its properties such as easy application, smooth finish, and high coverage rate.
Product Definition:
Drywall joint compound (also known as drywall mud) is a material used to fill the seams between sheets of drywall, and to cover screw heads and other imperfections in finished drywall.
Taping Compound:
Taping compound is a water-based, high strength adhesive that is applied to the back of the paper tape in order to facilitate its application as a sealant. The product also assists in providing an aesthetic appearance and increases the longevity of tapes used for joint sealing. Taping compounds are available in various forms including liquid, paste, and fluid; however, they can be categorized into two distinct types based on their functions which include cold-applied and hot-applied taping compounds.
Topping Compound:
Topping compound is a water-based polyurethane elastomeric material that is manufactured by reacting polyol (for example, styrene-butadiene) with diisocyanate. It has high resistance to abrasion and chemicals and provides an excellent surface finish when applied over fresh paint.
Application Insights:
The industry application segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand from commercial construction projects, such as offices, hotels, hospitals and shopping malls. Drywall joint compounds are used in industrial construction for applications such as HVAC systems & partitions, electrical fixtures & outlets and mechanical rooms among others.
Drywall joint compound is an economical solution compared to other methods of setting drywall that require special tools or equipment due to their high viscosity consistency which makes them difficult to work with resulting in higher costs associated with labor and materials involved during installation process.
Regional Analysis:
Asia Pacific dominated the global drywall joint compound market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. Rapid growth of residential construction sector in these countries coupled with increasing spending power among consumers are expected to drive product demand over the forecast period.
North America emerged as a significant regional market for drywall compounds owing to high demand from residential applications followed by industrial applications. U S housing industry has been witnessing recovery after recession in 2008-09 which was caused by pandemic of H1N1 influenza A virus that year along with other factors such as financial crisis and oil & gas industry slowdown worldwide which resulted into economic depression for U S housing sector also resulting into decline of new home construction projects during 2009-10 thereby impacting overall North American drywall industry negatively on account of reduced consumption volume consequently lowering revenue share at an exponential rate from 41%in 2016to 38%in 2017).
Growth Factors:
- Increasing demand for drywall joint compound in the construction industry as a result of growth in the global construction sector.
- Rising demand for energy-efficient and green buildings, which is expected to drive the use of drywall joint compound in these applications.
- Growing popularity of do-it-yourself (DIY) home improvement projects, which is likely to boost sales of drywall joint compound products.
- Rapid urbanization and population growth in emerging markets, such as China and India, which is expected to lead to an increase in construction activities and subsequently boost demand for drywall joint compounds globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Drywall Joint Compound Market Research Report
By Type
Taping Compound, Topping Compound, All Purpose Compound, LITE Drying Compounds, Setting Compounds
By Application
Household, Industry, Construction, Others
By Companies
Dap, USG, Proform, Plus 3, Sheetrock, Crack Patch, Westpac, Rapid Set, Kuiken Brothers, Proroc, Dap, Murco, Hyde, DRICore, Hamiltion
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Drywall Joint Compound Market Report Segments:
The global Drywall Joint Compound market is segmented on the basis of:
Types
Taping Compound, Topping Compound, All Purpose Compound, LITE Drying Compounds, Setting Compounds
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Industry, Construction, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dap
- USG
- Proform
- Plus 3
- Sheetrock
- Crack Patch
- Westpac
- Rapid Set
- Kuiken Brothers
- Proroc
- Dap
- Murco
- Hyde
- DRICore
- Hamiltion
Highlights of The Drywall Joint Compound Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Taping Compound
- Topping Compound
- All Purpose Compound
- LITE Drying Compounds
- Setting Compounds
- By Application:
- Household
- Industry
- Construction
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Drywall Joint Compound Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Drywall joint compound is a type of adhesive that is used to join two sheets of drywall together. It is a mixture of sand, cement, and water.
Some of the key players operating in the drywall joint compound market are Dap, USG, Proform, Plus 3, Sheetrock, Crack Patch, Westpac, Rapid Set, Kuiken Brothers, Proroc, Dap, Murco, Hyde, DRICore, Hamiltion.
The drywall joint compound market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Drywall Joint Compound Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Drywall Joint Compound Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Drywall Joint Compound Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Drywall Joint Compound Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Drywall Joint Compound Market Size & Forecast, 2020-2028
4.5.1 Drywall Joint Compound Market Size and Y-o-Y Growth
4.5.2 Drywall Joint Compound Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Taping Compound
5.2.2 Topping Compound
5.2.3 All Purpose Compound
5.2.4 LITE Drying Compounds
5.2.5 Setting Compounds
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Household
6.2.2 Industry
6.2.3 Construction
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Drywall Joint Compound Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Drywall Joint Compound Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Taping Compound
9.6.2 Topping Compound
9.6.3 All Purpose Compound
9.6.4 LITE Drying Compounds
9.6.5 Setting Compounds
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Household
9.10.2 Industry
9.10.3 Construction
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Taping Compound
10.6.2 Topping Compound
10.6.3 All Purpose Compound
10.6.4 LITE Drying Compounds
10.6.5 Setting Compounds
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Household
10.10.2 Industry
10.10.3 Construction
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Taping Compound
11.6.2 Topping Compound
11.6.3 All Purpose Compound
11.6.4 LITE Drying Compounds
11.6.5 Setting Compounds
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Household
11.10.2 Industry
11.10.3 Construction
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Taping Compound
12.6.2 Topping Compound
12.6.3 All Purpose Compound
12.6.4 LITE Drying Compounds
12.6.5 Setting Compounds
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Household
12.10.2 Industry
12.10.3 Construction
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Taping Compound
13.6.2 Topping Compound
13.6.3 All Purpose Compound
13.6.4 LITE Drying Compounds
13.6.5 Setting Compounds
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Household
13.10.2 Industry
13.10.3 Construction
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Drywall Joint Compound Market: Competitive Dashboard
14.2 Global Drywall Joint Compound Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dap
14.3.2 USG
14.3.3 Proform
14.3.4 Plus 3
14.3.5 Sheetrock
14.3.6 Crack Patch
14.3.7 Westpac
14.3.8 Rapid Set
14.3.9 Kuiken Brothers
14.3.10 Proroc
14.3.11 Dap
14.3.12 Murco
14.3.13 Hyde
14.3.14 DRICore
14.3.15 Hamiltion
