Market Overview:
The global joint compound market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for joint compounds in household, industrial, and commercial applications. In addition, the growing construction industry is also contributing to the growth of this market.
Product Definition:
A joint compound is a material used in construction, typically as a finishing coat over plasterboard or other types of wallboard. It is often white and made from gypsum, water, and other additives.
Single Joint Compound:
Single joint compound (SJC) is a cement-like material that is used to replace the bone and connective tissue in arthroplasty procedures. It helps in minimizing postoperative pain, complications, and soft-tissue injuries associated with traditional methods of hip replacement. The primary factor driving the growth of single joint compound market includes growing prevalence of arthritis among geriatric population coupled with rising number of obese people who are highly susceptible to degenerative joint disease.
Multi Joint Compound:
Multi joint compound is a type of arthritis medication that helps in reducing pain by decreasing inflammation and cartilage damage to the joints. It works by either blocking or removing the cause of pain which is usually caused due to overactive synovial fluid. Multi-joint compounds are available as OTC drugs and can be taken directly without prescription.
Application Insights:
The global joint compound market is segmented by application into household, industrial, and commercial. The household sector was the largest application segment in 2017 and is projected to maintain its lead over the forecast period. This can be attributed to increasing construction activities in emerging economies such as India and China on account of growing population coupled with rising disposable income levels among consumers.
The residential construction industry has been growing significantly across various regions due to an increase in consumer spending power coupled with rapid urbanization trends particularly in Asia Pacific region. In addition, favorable government policies promoting home ownership are expected to boost demand for cement which will further fuel growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through 2030, with the U.S. being the major contributor to regional growth.
The Asia Pacific is projected to witness significant growth during the forecast period owing to increasing disposable income.
Europe also held a considerable share of global revenue in 2017 due for instance increased spending on construction activities coupled with high purchasing power of consumers especially from Germany & UK among other countries which are likely contribute significantly towards overall Europe market share over next eight years time frame Moreover Middle East Africa has witnessed an increase in government investment particularly Saudi Arabia’s Vision 2030 initiative that includes development plans for transportation infrastructure including airports.
Growth Factors:
- Increasing demand from the construction industry for better quality and faster construction projects.
- Rising number of DIY enthusiasts who are looking for easier and faster ways to complete their home improvement projects.
- Growing popularity of joint compound as a skim coat material in the drywall industry due to its ability to hide minor surface imperfections and provide a smooth finish surface.
- Increasing use of joint compound in acoustic treatments as it helps improve sound insulation by absorbing noise vibrations before they reach other surfaces in the room.
Scope Of The Report
Report Attributes
Report Details
Report Title
Joint Compound Market Research Report
By Type
Single Joint Compound, Multi Joint Compound
By Application
Household, Industrial, Commercial
By Companies
Dap, USG, Proform, Plus 3, Sheetrock, Crack Patch, Westpac, Rapid Set, Kuiken Brothers, Proroc, Freeman, 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
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Joint Compound Market Report Segments:
The global Joint Compound market is segmented on the basis of:
Types
Single Joint Compound, Multi Joint Compound
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, Industrial, Commercial
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
- Freeman
- Murco
- Hyde
- DRICore
- Hamiltion
Highlights of The 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:
- Single Joint Compound
- Multi Joint Compound
- By Application:
- Household
- Industrial
- Commercial
- 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 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A joint compound is a type of medication that is composed of two or more ingredients. Joint compounds are often used to treat conditions such as arthritis, pain, and inflammation.
Some of the key players operating in the joint compound market are Dap, USG, Proform, Plus 3, Sheetrock, Crack Patch, Westpac, Rapid Set, Kuiken Brothers, Proroc, Freeman, Murco, Hyde, DRICore, Hamiltion.
The joint compound market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 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 Joint Compound Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 Joint Compound Market Size & Forecast, 2018-2028
4.5.1 Joint Compound Market Size and Y-o-Y Growth
4.5.2 Joint Compound Market Absolute $ Opportunity
Chapter 5 Global Joint Compound 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 Joint Compound Market Size Forecast by Type
5.2.1 Single Joint Compound
5.2.2 Multi Joint Compound
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Joint Compound 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 Joint Compound Market Size Forecast by Applications
6.2.1 Household
6.2.2 Industrial
6.2.3 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 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 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 Joint Compound Analysis and Forecast
9.1 Introduction
9.2 North America Joint Compound 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 Joint Compound Market Size Forecast by Type
9.6.1 Single Joint Compound
9.6.2 Multi Joint Compound
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 Joint Compound Market Size Forecast by Applications
9.10.1 Household
9.10.2 Industrial
9.10.3 Commercial
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 Joint Compound Analysis and Forecast
10.1 Introduction
10.2 Europe Joint Compound 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 Joint Compound Market Size Forecast by Type
10.6.1 Single Joint Compound
10.6.2 Multi Joint Compound
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 Joint Compound Market Size Forecast by Applications
10.10.1 Household
10.10.2 Industrial
10.10.3 Commercial
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 Joint Compound Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Joint Compound 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 Joint Compound Market Size Forecast by Type
11.6.1 Single Joint Compound
11.6.2 Multi Joint Compound
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 Joint Compound Market Size Forecast by Applications
11.10.1 Household
11.10.2 Industrial
11.10.3 Commercial
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 Joint Compound Analysis and Forecast
12.1 Introduction
12.2 Latin America Joint Compound 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 Joint Compound Market Size Forecast by Type
12.6.1 Single Joint Compound
12.6.2 Multi Joint Compound
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 Joint Compound Market Size Forecast by Applications
12.10.1 Household
12.10.2 Industrial
12.10.3 Commercial
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) Joint Compound Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Joint Compound 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) Joint Compound Market Size Forecast by Type
13.6.1 Single Joint Compound
13.6.2 Multi Joint Compound
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) Joint Compound Market Size Forecast by Applications
13.10.1 Household
13.10.2 Industrial
13.10.3 Commercial
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 Joint Compound Market: Competitive Dashboard
14.2 Global 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 Freeman
14.3.12 Murco
14.3.13 Hyde
14.3.14 DRICore
14.3.15 Hamiltion
